The rapid advancement of technology, particularly Artificial Intelligence (AI,) no doubt provides our modern society many benefits.
Wills and Estate Planning lawyers often hear that online and AI based platforms are making it easier than ever for people to draft their Will and Estate Planning documents.
Chat GPT is a recent AI based platform launched in 2022 that is being touted as the next evolution to prepare a Will.
However, one has to question whether it is a good idea to use an AI based platform to draft a Will.
Drafting a Will or other estate planning documents, such as powers of attorney, involves more than simply entering details in to a form. The process of estate planning involves a review of client’s personal, family and financial structure. This process cannot be achieved using AI technology.
In fact when Chat GPT is asked its opinion on this question, the consistent answer remains:
As an AI language model, I am not qualified to provide legal advice, and drafting a will is a complex legal process that requires specialised knowledge and expertise. While I can generate text and provide information on a wide range of topics, I cannot replace the experience and training of a licensed attorney who can provide legal advice and draft your will in accordance with your specific needs and wishes. It is always recommended that you seek the advice of a qualified attorney when drafting a will or any other legal document. An attorney can provide guidance on legal requirements, tax implications, and potential issues that you may not have considered. They can also help ensure that your will is legally valid and enforceable, which is crucial for protecting your assets and ensuring that your wishes are carried out after your passing.
In short, while I can provide general information and answer questions, it is always best to consult with a qualified attorney when it comes to drafting legal documents such as a will.
Whilst using AI technology may seem like an easier and cost-effective option, the complications arising from a poorly drafted Will (or any other estate planning document) that may arise when administering your estate and the associated costs to resolve these complications far outweigh the initial savings of using a free online platform.
There are also cyber security risks as personal data is more prone to phishing scams.
These complications also cause undue stress and additional unforeseen complications for your family.
Prevention is better than a cure and investing in initial upfront costs will pay off in the long run.
Whilst Chat GPT could be used as a free tool for drafting a will, it's important to remember that even with the convenience that technology provides, estate planning is a serious matter that requires careful consideration and AI technology should not replace the advice and guidance of an experienced wills and estates lawyer.