Advantages and disadvantages of online wills
Knowing the benefits and shortcomings of what you’re about to do, you can count your cost. Also, knowing how things work is a better way of making vital decisions. Therefore, it is expedient to be familiar with the pros and cons of online wills.
There have been a lot of questions online about getting a template online to write a will. Some people believe it is essential to move with the trend. And what’s the movement? People no longer sit before a lawyer to dictate their will.
And we have come across people who oppose the motion, which says, “online wills are better than writing a will with an attorney.” But, of course, we are not here for a debate. And we are not here to create confusion.
This article is unique information for people that want to know the benefits and shortcomings of writing a will online. So, you will get a solid point to support your decision. After reading this article, you may write your choice online or visit an attorney for help.
Hence, before we take you through the needful, let’s talk briefly about what online will entails. But first, you need at least a piece of background knowledge about what it means to write a will online.
Thus, you have a role to play. Please shun all interruptions and follow us closely. Are you ready for the ride? Let’s ride!
What are online wills?
Man, in his thinking, is looking for a way to leave a legacy. But life is full of hurdles. So, it is unpleasant for a man to leave his property unkempt. So, plan to create how things will work after a man has gone to rest comes in. Are you following?
Firstly, let’s discuss the meaning of the will. What is a will? A will is a legal document that contains how a man or a woman wants his properties to be shared. It is a document with legal backing about people’s property after death.
I already explained how wills were made in the olden days. So, in this new era, one can write one’s will online. In other words, an online will is a legal document about sharing one’s property after one’s lifetime.
In this age, you don’t need to sit in front of a lawyer before you can write your will. You can get a template online and write your will yourself. Isn’t that amazing? Oh! Please permit me to chip in something essential. You will need two witnesses to sign the document. Of course, the online template already has a special place for signatories.
Also, an online will is otherwise known as the Last Will or the Testament. Furthermore, a will is one of the essential documents one can have.
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 wish.
In addition, please ensure you strike a deal with affordable online templates. There are online willmakers with fixed prices. 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. So prepare your mind and do it without stress.
Advantages of online wills
- It saves time
Time is one of the reasons why people skip having a conversation with a lawyer about their will. No one can imagine the day one needs to wait for a will to be ready with lawyers. But when templates are now online, people can get their will within the twinkle of an eye.
So, an online will is the best option if you want your will to come out without wasting time.
- It is cheap
The cost of getting a competent lawyer is increasing these days. If you want a lawyer to prepare a legal document containing your will, get ready to spend money. We mean a considerable amount of money.
The online platforms or templates for writing will be relatively cheap. As a matter of fact, there are free-will templates. Can you imagine that? For instance, with $40, Rocket Lawyer will make an online will for you. Rocket Lawyer is one of the best online will makers in 2022.
- It is confidential
Online will is for you if you don’t want anyone to know how your assets will be shared after your death. If you write your will online, you need to talk to or seek anybody’s opinion. Then, your plans will be online without anyone knowing.
We have heard the news on how lawyers hijacked some properties. Why?
They did that because they were the only ones that knew about the property. So, one must be careful.
Disadvantages of online wills
- Wills may not turn out to be legal
One of the shortcomings of online will is that the will may not be helpful. Once the wills turn out to be legal, issues might arise. There may be conflict even after the owner of the property has died.
We have heard about cases like that. How can this happen? The guidelines that come with writing a will online are not always easy to follow. And the legal validity of the will is not guaranteed.
The will must be legally valid to the death of the testator. And at times, what makes a will to be legally valid is if the will aligns with the state laws. But once it negates the state law, there will be a problem.
- It is too simple
The online will template is too simple. It may not give room for complex provisions in the will. Therefore, writing a will online requires more flexibility in dealing with unexpected situations. For instance, the premature death of beneficiaries is one of the unexpected situations that can affect writing a will online.
- An executor is essential.
One of the shortcomings of online will is the case of including an executor. Who is an executor? An executor is someone that’ll be in charge of the distribution. Providing an executor is highly essential in writing a will online.
On a final note
No one can blame you if you act ignorantly. But all is on you when you have information that could push you forward, and you neglect it. Thus, you can decide what to do. The above-listed information about online wills is enough to set you apart for positive things.
Finally, your opinion counts. Therefore, please share your thoughts about this topic with us. What else would you like us to discuss?