Most millennials are in their 30s by now, with the youngest ones just a few years short of their third decade. It might seem a bit early to be thinking about your final wishes, but writing your will is a great idea.
This helps create a plan or to-do list of things after your passing and gives you the peace of mind that your loved ones will know how to distribute your assets when you’re gone.
That said, creating a will can be complicated, which is why we recommend creating wills online instead. As the name suggests, you can complete and write these wills online from your computer, making for a more convenient process.
This guide will show you how to create your online will in minutes. And before you know it, you’ll have a legally valid online will that will be executed when you pass!
Read on to learn more.
Why You Need To Create an Online Will Now
Creating an online will is an easy and straightforward process that you can accomplish in minutes. Not only does the process give you a valid will, but it also allows you a bit of breathing room by creating a definite plan of things to do after your passing.
When you pass away, your bank accounts, funds, properties, belongings, and other assets have to go somewhere. And if you want to fully control who receives certain gifts and assets, you need a legally sound online will with clear instructions for the executor.
No one wants to think of what happens after they die. But the older we get, the more important it is to have a legal will that your loved ones will follow after your passing. So, even if it seems too early to plan out your funeral service and figure out to whom you will bestow special gifts, getting it done now will save you a lot of hassle down the line.
Benefits of Creating an Online Will
Traditionally, getting a legal will involves going to a law firm and asking a lawyer to write it out for you. While this provides you with a clear and legally binding will, the process can be costly and take a lot of time. So, instead of hiring traditional lawyers for the job, many people decide to get an online will instead. That way, they go through an easy process of creating a simple will.
Here are a few key benefits of getting an online will as opposed to going to a physical law office.
Convenient
The first reason you may want to get a legal will online is because of the simple process. All you have to do is fill out an online form with all the basic information that you need in the will. From there, the expert lawyers craft a new will for you, and you’ll have it in minutes.
Cost-Effective
Unlike traditional lawyers, online will providers offer their services at a fixed price. That way, you don’t have to worry about any additional costs while still getting a legally valid online will.
Easy Updates & Revisions
When you go the traditional route for your will, updating and changing the will is complicated. But when you do it online, adjusting your will is very easy.
If you create your will early, you will likely have to make changes along the way. It’s much easier to do this when you have wills online, which is why we highly recommend this route for millennials looking to leave a lasting legacy after they pass.
What to Include in Your Wills Online
Writing your will online is very easy. However, if you want to ensure that your will is sound and covers all bases, you need to make sure to include this information in your will:
Your Executor
The first consideration when writing a will is who your executor will be. Ideally, it’s best to choose an executor you can absolutely trust to carry out your wishes when you pass. This can be anyone, but make sure that the person can stay neutral, even if disputes arise because of your will. That way, your executor can carry out the step-by-step instructions that you stated in plain English in your will.
Beneficiaries
The next thing to put in your will is all the beneficiaries that will receive specific gifts and assets when you pass. It’s important to put their full name and address. And when specifying the gifts they will receive, make sure to describe them in full detail to avoid complications when you pass.
Assets
When making your will, make sure that you list down all the assets in your estate. This could be your own home, different investments that you’ve made, or even certain items that you deem special. It might take some time to go through all your assets, but it will make creating an online will extremely easy for you!
Guardianship (If Necessary)
If you have minor children, it’s best to specify the guardianship of these children if you pass away before they reach legal age. This means that there will be a specific person assigned to care for your children if you pass away early. Additionally, you may want to name a contingent guardian as well. This is to ensure that your children will have a responsible guardian even if your first choice can’t or won’t take on the task.
Conclusion: How to Create a Legally Valid Online Will
Writing a will can be hard, which is why many Australians put off the process until they reach their later years. However, you never know what’s going to happen and when you will pass. So, it’s best to create your will as early as possible and make changes along the way. That way, you can rest assured that your assets will be divided properly and all your last wishes will be followed.
If you’re looking for an easy and convenient time when creating your will, you may want to consider doing it online. Many providers can help you create your will online in Australia today. So, it’s all a matter of choosing the best service for your needs and finally writing your will!
