Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW
Ask Money

A Will: A Lawyer or Do-It-Youself Online?

Chris Farrell Jun 13, 2008

Question: I know that my husband and I need to have a will, especially now that we are the parents of a 20-month old. We have a good referral to a local lawyer from my parents; however, the cost is a bit of concern. How much should we expect to pay for having a general will and living wills written? I did a search on the MarketPlace website and found an article about on-line wills. Are these services reliable and useful in all states? Chandler, Gate City VA.

Answer: Congratulations on pulling together a will. Everyone needs one, especially families with children. A will is also the foundation of all financial planning for families.

There are a number of good “do-it-yourself” products on the market. They are legitimate, and the price range seems to be in the $20 and $120 range. I used one of these products in a pinch. It was a will form created by Nolo Press, a long-time publisher of consumer-oriented self-help legal guides ( Nolo offers several will writing products. I found the directions comprehensive and easy to follow for the one I used.

I haven’t personally spent much time with other well-known do-it-yourself will products, such as legalzoom at and buildawill at But I do believe that all of these products work best for very simple estates.

Still, I remain a fan of hiring a lawyer to do a will. I think its worth the several hundred dollars they’ll charge for their services–especially when children are involved. The reason is that a will is a critical foundation for any personal financial plan. You want to make sure you get it right, that you address all contingencies, and that you get any questions you may have answered by a professional.

So, while I have nothing against the do-it yourself wills, in many cases prudence dictates hiring a competent attorney.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.