If something sounds new to you, you don’t need to write it off or look down on it. However, you can look down on online wills if you’re used to the old pattern of writing wills. In the ancient era, one has to sit with a lawyer to dictate how to distribute one’s assets and properties.
So, no one can blame you if you still hold on to that old style. But now, one needs to join the train to do what others are doing. Nowadays, you don’t need to visit a lawyer before you can write your will.
However, it is no longer news that the world is going digital. That is, almost everything is done online these days. So what do you know about online wills? Have you heard about online wills? But, again, there’s no cause for alarm.
I know several questions will be running through your mind right now. Hence, this article will provide answers to questions you have in mind about online wills. People say it is impossible to write one’s will online. When I heard it, I had to show them some facts to convince them.
Therefore, you will also get something tangible here to run with. First, however, it is good to create a piece of background knowledge. So, let’s start with the meaning of online wills.
What are online wills?
For clarity, let’s define a will. What is a will? A will is a legal document that contains how a man wants his assets to be distributed after his death. It is otherwise known as the Last Will or the Testament. Furthermore, a will is one of the essential documents one can have.
In the old era, making or writing a will required much effort. It begins with hiring a lawyer. After hiring a lawyer, one must show the lawyer one’s property. And it is risky today. We’ve heard the news about how a lawyer forcefully hijacks properties that belong to their clients.
Now, since the world is going digital, the online will also come to the limelight. So, these days, you don’t need to sit in front of your lawyer before you can write your will. Instead, you can go online, get a template and write your will. You may be curious to know if the online will is possible.
Trust me; you can make a legal document about the distribution of your assets and properties online. Yes! You can do that without having a conversation with your lawyer.
Also, you need to create a to do list. Then, creating a will is easy. Online will is a straightforward process. So, one can also do a joint will online. Mind you; you can add your funeral service to the plan. I mean, you can list how you want your funeral service should be.
The legal documents you want to create online will include all your properties and assets. Yes! You must list out all your assets. Like, your bank accounts, cars, houses, and other assets. Thus, this easy process is a legally valid document.
What makes online will a legally valid document? An attorney will sign it. Remember, it’s an online form. Of course, you need a sound lawyer. So, with an online will, you will have peace of mind. I want to give your clear instructions.
Furthermore, you can use your property as special gifts for charity. Who can benefit from your property? Your family members, children, and other people can be your beneficiaries. Yes! You can create a lasting legacy.
Please decide on what to do with your life today. Yes! You need to decide. Hence, your executor will do it as you wishes.
In addition, please ensure you strike a deal with affordable online templates. There are online willmakers with fixed price. Your future is secure with an online will.
Hence, your loved ones, partner, and others can benefit from what you’ve achieved. Also, there are free online willmakers too. Just prepare your mind and do it without stress.
How does online will service work?
Firstly, I want you to know that countless kinds of services create online wills. Online will services already have a template in the form of questions that one needs to answer. So, you will insert the responses into that will template. Hence, you already have a last-will testament like that.
It is a simple procedure that one can do without anyone interfering. On the other hand, some online wills services already have downloadable software. So, you only need to download the template online and fill it out. Of course, the procedure is also simple. You don’t need anyone to put you through.
What’s the difference between online wills and wills created by a lawyer?
Please permit me to hit the nail on the head. Wills created by a lawyer have the same weight as online wills. The same ingredients that make a will created by an attorney also make online wills valid.
One can use it if the document contains state laws that validate wills. So, there’s no difference between online wills and wills created by a lawyer.
Who should make a will online?
Making a will online suits those whose possessions are worth less than estate tax limits. I am talking about both federal and state. Also, making a will is appropriate for those with a reasonably straightforward estate. Seeing a lawyer is prudent if your estate could be subject to estate tax.
Making a will is also appropriate if there are issues such as stepchildren and re-marriage. You must also make online wills if you have properties in different states. Furthermore, you can also make a will if your small business may also raise complications.
So, it is advisable to seek legal advice. One can also consider making a will when one thinks someone is likely to contest one’s will after death.
What are the benefits of online wills?
One of the tremendous benefits of online wills is that it is less costly than meeting a lawyer. Not only that, if you write your will online, you get the result on a table within a twinkle of an eye. In other words, online will save time.
Also, you will feel more comfortable preparing your will by yourself than conversing with an attorney. If you don’t want anyone to know how your assets will be shared, the online will is the best option. Remember, a lawyer is a man. And not all of them keep secrets. Therefore, write it online if you want to hide your plans regarding your will.
Do I need a witness?
Of course, yes. You need a witness. What will a witness do if you write your will online? The role of a witness remains the same. Your witness will sign the document after you’re done with the necessary information. If you use the best online will service, you will see a space for a witness to sign.
What are the essential things when writing online will?
Firstly, you need to find a template. After getting a template, the next step is to list out your assets. It is essential to note down everything you want to distribute. List your cars, houses, real estate, lands, jewelry, artwork, and bank accounts.
Then, you have to be specific about who gets what. Also, remember to choose an executor. Who is an executor? An executor will distribute your property and pay your debts and bills if you have any.
On a final note
Are you ready to try it now that you have all it takes? Of course, the above-listed information can make things work for you. Please make sure you get the best online will makers. What else do you want me to discuss about online wills?
See also: DUTIES OF INSOLVENCY LAWYERS IN INSOLVENCY ADMINISTRATIONS