Online Will

Creating an online will is a quick and efficient way to prepare for the future. Since handwritten wills are considered invalid in many states, having a professionally printed document can provide added peace of mind. Generally, online wills are best suited to people who have minimal to moderate assets since the tax implications of larger estates can be complex. In the process of filling out the form, a person can be walked through the steps of making an inventory of assets and accounts and deciding on one or more beneficiaries.

Guardians and executors can also be selected during this process. If a person chooses to forgive an outstanding debt, this information can be listed as well. Some legal sites offer customer support to answer questions about the use of their online will forms to make the process easier. Even if a will is created online, it can still be reviewed by an attorney just to make sure there are no problems before it is signed. Living wills providing direction for end of life care can also be found online. This type of document is effective before death in the event of permanent incapacitation.

Fast Facts

  • An online will is not a suitable instrument for determining how the ownership of a family business will be distributed.
  • A trust is preferable to a will for distributing real estate holdings in more than one state.

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