Hello there! Do you know you can make an online will without a lawyer? Of course, it is possible. Gone are the days when people hire a lawyer to help them write their will. In this age, you can make a will without getting a lawyer.
However, it is a simple process. So, there’s no cause for alarm. You only need some tips and start it by yourself. I am happy that people can now write online wills. Why? I believe the information will be intact.
Of course, you will need two witnesses and a lawyer’s signature. But writing your will online will save you from spending precious time sitting in front of a lawyer. With online wills, you only need two witnesses and a lawyer to append his signature. That’s all. However, there’s a need to create background knowledge. Hence, I will start with the meaning of online wills.
What are online wills?
A will, otherwise known as the last will, is a legally prepared document that states one’s intentions for distributing one’s assets and wealth after death. So, if a man wants to entrust his property into the hands of people that’ll look after it after his death, he needs to write a will.
There’s no doubt that everything is going digital. Remember, people, sit face-to-face with a lawyer to explain how their properties will be shared. But in this age, one can write an online will. Some online will service providers have a template for writing one’s will.
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 wills online, 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.
So, an online will is a legal document that can be created just like a will formed by a licensed lawyer. But, of course, an online will can be valid as one carried out by an attorney.
Tips on how to write online wills
Find an online template or services
The first thing you need to do is to find an online template for online wills. There are several online templates you can use. For example, you can use online services like LegalZoom. On the other hand, the Fabric is also an online template one can use.
The LegalZoom and Fabrics online template will take you through the process. The steps involved in using Fabrics are simple. One can follow it without needing any assistance. Note that you can create separate documents for each person if you and your wife plan to have identical wills.
List out your assets
After you’ve got an online template, you need to list your assets. If you want your heirs to be in charge of your property, you must first know what you have. Please make a list of all your properties. You need to list your real estate, land, cars, houses, bank accounts, and other assets.
Please note that you don’t need to name the beneficiary on your bank account. For example, if you own real estate with another person, there’s no need to call the beneficiary. It is only if the property has a survivorship right.
Furthermore, do you have a bank account with a transfer-on-death or payable-on-death provision? If yes, you’ll be able to name the recipients directly in those accounts.
Be specific about the sharing
Please note that explaining explicitly how the asset will be shared is essential. In other words, ensure you are clear about the specific assets you want for particular people. For instance, you have three million dollars in your account. And you want to share it with your three children.
So, if you want to give the eldest child one million and five hundred thousand dollars, you need to state it clearly. Likewise, do the same for other children. Also, you must give complete details about the property.
For instance, it is wrong to write, “my house goes to my second son.” Instead, you should give full details about the house. Then, how? You can do that by writing down the full address of the house. Also, please include the legal name of that your son. These are things you should know.
If you mention a nickname, there can be an error after you’ve left.
Choose an executor
Who is an executor in this context? An executor is a person who will distribute the property. Of course, you can choose more than one executor. An executor’s duty is to ensure the property gets to the right person as it is written in the will.
Furthermore, the executor also pays bills, taxes, and debt, if there are any. So, if there are a lot of bills on the ground, you can choose more than one executor.
Name a residual beneficiary
Who is a residual beneficiary? A residual beneficiary is someone that’ll receive the leftover. So, after the executor is done with the distribution of the assets, the beneficiary will receive the fragments.
Remember, the bills and debt must be paid before handling the leftover to the beneficiary. A beneficiary can be a charity or even someone who already receive a piece of property. Therefore, it can be someone familiar. For example, it could be a friend or someone in your family.
List your funeral preferences
Numerous estate planning experts applaud forming a document that lists your interment preferences and other last demands. Of course, we are talking about wishes, such as whether you’d like to be cremated or buried. But you can also include this information in your online wills if you’d like.
Print the will and get it signed
With online wills, you need to sign them. Hence, you must print out a copy for your signature. There’s no cause for alarm. The online template already has a space for signatures. So, you’ll need two witnesses that are above 18 to sign it. Of course, witnesses can be your beneficiary.
On a final note
Online will is something you can do yourself. You only need to follow the steps provided here. So, dear reader, what would you do now that you have all it takes? With the above-listed information, you can make things work.
Finally, your opinion counts. Therefore, please share your thought regarding this topic with me. Thanks for reading!