Creating a will is an important step in estate planning. Many people want to plan for the future and for their families, especially spouses, children, and grandchildren. Many people who begin thinking about estate planning assume a solicitor and legal expertise is necessary. This can lead many people to believe the process will be costly. However, it doesn’t have to be a costly step. Find out how to make a will online and save money.
A making a will guide can help with each step in creating the necessary documents. The first step is to find a site that allows users to create their own wills using a standard template and includes the proper legal requirements. Understand that in theory, a person can write out a will on any piece of scrap paper and it can still be legal, as long as it’s properly signed and witnessed. However, this is not recommended, as this method may be contested and may take longer to execute.
Creating an online will is usually a simple process. It is best for those adults who have simple requests and don’t have complicated assets. If an individual is single, has a spouse and one or two children, or simply wants to leave assets to a charity, an online will template can work. When a suitable template is found, it should contain the items necessary to make the document legal in the courts. The next step is to assign a trustworthy individual as a lasting power of attorney.
The POA is a person who will ensure the will is carried out as the creator has specified. If the person assigned to carry out the will is a close friend or family member the details of the will should be reviewed with that individual. Ask if there are any questions. This should be done before the document is finalized, in terms of signing it and having it witness. It’s much easier to make changes in wording, grammar, or spelling before the document is finalized. It is also important to make sure names of the power of attorney and beneficiaries are spelled correctly. This helps eliminate any questions or controversy that may arise when the will is read.
If a family solicitor handles other issues like financial investments, it may be a good idea to have the professional look over the will created online. A legal expert will know if any important details were left out or if any changes in wording must be made.
Any existing or old wills should be destroyed when the new one is created. This helps prevent confusion and prevents others from contesting the new document. It is also a good idea to let the POA, solicitor, and spouse (if applicable) where the will is stored. It’s also a good idea to keep this document in a lock box or some place where it will be secure.
Creating a will online can be a simple process. It helps to list assets prior to answering the questions and listing items. There are a few options for using an online will service. If the document is simple and straightforward, a legal review is not necessary. Some sites will offer to have a legal expert look over the document before payment is made. A basic service without legal review can cost as little as 20 to 30 pounds from start to finish. A site that offers legal review may charge slightly more.
Additional benefits of making a will online include the ability to do it in your own time and the ability to work on it in privacy. Many sites let the user complete the document in several sessions. Make sure the language and template used will be acceptable to legal authorities, so that the requests can be carried out without hassles.