CHATGPT vs Estate Planning Attorney

Can ChatGPT write a last will and testament.


ChatGPT is all over the news right now.
ChatGPT is artificial intelligence generative pre-trained transformer 3 GPT. It’s a language processing artificial intelligence model established by open A.I. Yes, this is a third version and it’s just getting smarter with each version. It can produce human like text essays, songs, poems, novels, and even a last will and testament.
All the news stories speak about all the jobs that will be lost due to expert system. A brand-new task is being developed called timely creator. Anyone can inform ChatGPT to compose a love poem. However, the much better your prompts are, the better the output is going to be. This is extremely crucial. After explore ChatGPT for over a month, I have found this to be definitely real.
So who wins in between ChatGPT generated last will and testament and an attorney drafted last will and testimony? Well, that’s up to you. The more good you put into it, the more great you’re going to get out of it. However if you don’t know what you’re doing, then you’re going to get out trash. That output is not going to be what you want.
You most likely won’t get a last will and testimony that is going to do what you wanted it to do. And you may not get one that’s going to hold up in a law court. This is a last will and testimony that I produced for a sample, pretend client called Tommy Sample and it is over 24 pages long compared to the one page last will and testimony that was generated by chat.
Now I can’t criticize that. I have actually seen some really, very well composed last will and testaments. They were only one page long and did exactly what the departed individual wanted to happen and we were actually able to easily probate their estate since they did put extremely particular language for an extremely particular situation.
And it worked. But I’m going to tell you that maybe 95 to 90% of the time, it’s not going to work. But in this last will and testimony that I did for Tommy Sample, just some of the things that were not consisted of in the ChatGPT version are things like a remote beneficiary. If for whatever factor, all of the beneficiaries are gone and there’s no one to provide the estate to then who ultimately gets whatever.
Think about it as a plane going down with the whole family who gets your estate if everyone dies with you. Chat.
It did consist of an executor because I told it to, but one of the things that I forgot to include was a guardian for the small kids. We did speak about the truth that there were 3 children, and I did not put in there who Enrique wished to be the guardian for his 3 small kids.
The 3 kids were minors. However we did not speak about who their guardian is to take care of them on a day to day basis. That was missing out on. And again, it was an input that I did not put in. So I can’t totally blame ChatGPT for that.
However it’s something that would have been on our list when we’re creating this, whether we required to have a guardian for the minor kids. ChatGPT’s did not include basic administrative provisions.
There wasn’t truly anything about whether there is a bond would be needed on the part of the administrator. Nothing about employment arrangements for specialists in administering the estate.
Nothing for circulations to people who are disabled. Not just because they’re under the age of 18. But what if they are disarmed since they remained in a car accident? Maybe they’re getting Social Security, SSI advantages or some other kind of government type benefit and inheritance may destroy and even ruin their government advantages. So that needs to be planned for really carefully.
Likewise didn’t discuss specifically the powers that are normally needed for an administrator. Like financial investment powers, banking powers, contract powers, farm ranch and farming powers, lawsuits and settlement powers. What if they were in an accident and now the estate needs to take legal action against? We specifically list 22 to 30 different powers in our last will and testament that an administrator needs.
Bottom line is there is a lot in the last will and testament prepared by a lawyer that is not in the ChatGPT last will and testimony. However again, all of it depends upon the inputs. If you’re going to invest your time getting all the inputs into that ChatGPT properly, then you may bring out a pretty good last will and testament entirely generated by artificial intelligence.
What do I believe? is ChatGPT going to displace or eliminate attorney tasks? I do not understand.
It might do that for a great deal of tasks, but like I said previously, this variation of ChatGPT is currently on the 3rd variation and each version is improving and much better, but it still depends upon what the inputs are.
I can’t stress that enough that if you don’t know what to ask ChatGPT to do, then it’s not going to know what to do. Possibly instead of changing attorneys, it is going to redefine the job of a lawyer in how well a lawyer can define the inputs to put into ChatGPT instead of a lawyer taking 2 to 3 days to prepare a last will and testament.
Maybe innovation like this will enable them to develop a last will and testimony all set for a customer’s signature within an hour. At their really first conference.
I definitely like technology and seen what it can do to make our lives much better. Often it does. Often it does not. Right now, I’m very hesitant to recommend that individuals utilize online services or copy a last will and testimony from a pal and attempting to make it their own.
That’s just my general advice. When we see people go on the internet, they don’t understand what sort of stipulations they need to have in their last will and testimony for their particular scenario. People do not properly disinherit children and other relatives in their document. They do not sign it correctly. They do not know what their state law is. They do not have proper self-proving provisions on their own and for the witnesses.
That alone may get a last will and testimony kicked out. For all of these reasons, I believe they also apply to chatGPT. If you don’t understand what to request for, it’s not going to provide you an excellent file. It’s not going to give you an excellent last will. As always this video is for instructional functions just.