Online Wills - How Do They Work – A Guide for You

Online Wills - How Do They Work – A Guide for You
The Siliconreview
11 June, 2021

Writing a will is very important because it tells others what to do with your property, financial assets, and money after you die. A will protects your loved ones and makes sure your children and partners are well taken care of after your demise. The importance of having a will in place cannot be stressed enough. But do you need to hire an attorney to write your will, or can you write one online? Let's find out!

How will online work?

In today's time, there are many different websites that allow you to create wills online. Such websites offer online will-making tools and programs that ask the user a number of questions which they must answer honestly; the answers are then incorporated into a will template which generates a final testament and will.

Some online websites provide an online will that you just have to fill out by yourself. Another method of creating a will online is by making a DIY will with the help of downloadable software that guides you at every step.

Online wills Vs. Wills created by an attorney

As long as your will is in accordance with your state laws, then an online will holds the same legal status as a will created by an attorney.

Should you make a will online?

If your total estate value is less than the federal and state tax limit, then you should consider making a will online. Also, if your will is straightforward and does not include any complicated matters, then creating an online will is a good idea for you. If your total property, financial assets, and possessions are worth greater than the estate tax, then contacting an attorney is advisable.

Complicated matters such as having stepchildren, multiple partners, property in different states, and multiple businesses raise a lot of issues that need the help of a lawyer. You should also keep in mind whether someone is likely to reject and question your will after your death. If yes, then you should consult a lawyer.

Advantages of an online will

The top benefit of creating a will online is that it saves a lot of your money. It costs way less than it would if you met a lawyer to create your will.

Another advantage of using an online will service is that it saves a lot of time as it is very quick. In half an hour, you have your final will in front of you. If you go to an attorney, it will take at least one meeting, after which the legal document will be prepared. After the first meeting, you will have to wait for days, weeks, or even months till the final will reach you.

You can prepare your will online all by yourself, which might be a huge advantage for most people because they might not be comfortable involving someone else in their private life matters.

In a nutshell

Creating your will online can save you a lot of money, time, and hassle. If you do not have a will, it's time you looked into the matter. A will allows you to rest assured that your loved ones will stay protected even after your demise. It grants you peace of mind that all your wishes will be fulfilled after your death.