Making A Will Online
Making a will online is a fairly simple process. There are various sites which provide such services at affordable costs. One only needs to complete the online questionnaire, pay and download the document ready for printing and signing. This is what makes a will legal and executable.
At any stage, one can take a break and save the work they've already done to come back and finish later on. Writing a will online is something that one does in their own time, at a speed which they're comfortable.
This document may not be required for many years to come. An individual's circumstances are likely to change with time. Whenever there are significant changes, one needs to revisit their will and take into account these events. On most sites, the first rewrite is free while discounts are offered on future rewrites.
How to Make a Will Online
To begin, one opts whether they want to write a simple will for themselves or include a partner and then completes the provided online questionnaire. At each stage, there are helpful guideline notes as well as a help facility to answer any queries. The document then needs to be checked for accuracy. When one has verified that the information they entered is correct, all that remains is to make the payment to finalize the procedure. Upon printing, instructions on how to correctly sign the document and have it witnessed are provided.
Benefits of Making a Will
A will has many advantages. By making this document, one can choose who they wish to inherit their property, as opposed to having this decision made by succession laws. The person can therefore give opportunities to their successors by bequeathing them their possessions.
One can also choose to pass certain items to specific individuals. Such may include art pieces, a car or a family heirloom. This ensures that items of sentimental value remain within the family. For instance, family photos, memorabilia, war medals and jewelry often have strong family ties. A will enables an individual to pass such mementoes to people who'll fully appreciate them.
Unmarried couples can also make sure that their partners are provided for. Succession laws don't automatically take cohabitants into account, something which could lead to financial difficulties. In order to make a claim, such a party may be forced to resort to legal action. This could be messy, lengthy and costly.
A guardian is a person who's legally tasked with the responsibility of a child in lieu of the parents. They are usually appointed upon the demise of a parent, if the children are abandoned or if the parents are unable to cater for them. When picking a guardian, one needs to keep in mind that this person will parent the kids. They therefore have to make decisions about the children's moral training, schooling and health. One needs to name the person who they appoint as guardian in their will.
This is a person named by the maker or a will to execute their wishes. Their duties include distributing property to the beneficiaries, collecting information on potential heirs, taking care of debts and approving/disapproving any claims made by creditors. They also take care of tax issues as well. Typically, this person acts as the representative of the estate. As such, they can be involved in legal action on the estate's behalf. Though they may hold the legal title to the property, they cannot use it for their own benefit, unless the will explicitly permits them to do so.
Lasting Power of Attorney
This grants an individual the legal ability to act on the behalf of a specific person when it comes to various matters. By granting this to another person, one can ensure that there'll be someone around to make decisions about their health/finances if they're incapacitated in future. It may also allow the person to act as a signatory for specific documents.