Everyone knows that getting a will is an important part of estate planning. If you want to protect the assets that you worked so hard for, and leave those to the people you love, then a will is a must! Often people may have a difficult time deciding what will is right for them. To find out more information about wills, check out our previous blog post. Many people may not want to hire a lawyer, so they turn to an online will.
There are several different online wills that you can create. Since this document is very important, you are going to want to make sure you check out several different websites before making a decision about which site will work best for you. One of the most difficult aspects of online wills is making sure that your wishes are clearly presented. You do not want your document to go through probate with unclear intentions. Online sites do not work for everyone, so it is important to understand that there is potential for your document to not go the right way when you decide to handle it on your own. It is important to weigh the pros and cons to figure out what will be most beneficial for you.
When making a will online, you will be asked a series of different questions. These questions help to build your last will and testament. You definitely want to make sure that the questions or information needed is geared towards the state that you live in. The laws vary state by state and if you want your will to hold up legally, it must follow your state's laws.
There are also websites which provide a form that you can fill out on your own in order to claim what your wishes are when you pass on. These formats of a will are very DIY, and do not really provide any guidance. This is a great example to show that just because this form of will is cheaper, does not mean it is worth it. You want to make sure your assets are protected and provided to your family or whoever you wish upon passing.
These wills are not very different from wills created by an attorney as long as these wills comply with your state's laws. The reason why a person may choose to get an online will rather than a will with an attorney is if their assets are not worth very much. If your assets are worth less than estate tax limits, then this may be an option that you might want to consider. It is advisable to get a lawyer if your estate could be subject to tax.
An advantage to an online will is that it may cost less than actually getting an attorney, but just because it is less, doesn't make it a better option. You can also make an online will pretty quick, but when you are deciding what you are doing with your assets after you pass away, it is a good idea to take your time with your decision making. A lawyer can really help guide you through the whole process and make it easy. The process to make a will might take longer, but at least you know that you are in the hands of a professional who has done this many times before. You worked hard for your assets, so it is important to protect that as much as possible.
No matter what kind of will you decide to get, it is important to review the document once a year to make sure that everything in your will is still what you want upon passing. If you do not have any experience with this, and you want to make sure the process goes smoothly, then you may want to get a lawyer. A lawyer will make the process easy. The price you pay is worth the protection you and your family will get.
Sources: Bank Rate