If you pass away, and you don’t have a will, the state decides what happens to your assets. Bank accounts, securities, real estate, and other similar possessions are divided between the surviving partner and the heirs, which can result in conflict.
When it comes down to your money and belongings, you should get to decide what happens. If you have a will, the estate will be handled in line with your wishes. Don’t waste any more time and create an estate plan. It’s a simple and inexpensive process that you can complete in a timely manner. Take control of your future.
During these worrying and uncertain times, making a will is one way of taking control
The COVID-19 pandemic has demonstrated that we have very little control over what happens. The only things that are in our control are opinion, pursuit, desire, and so on – in other words, our own actions. The rest is out of our reach. At present, we find ourselves navigating through unknown terrain, accompanied by fear and anxiety. Making a will enables you to regain a sense of autonomy, not to say that it provides much-needed peace of mind knowing that your final wishes are recorded and carried out upon your death.
Connolly Suthers Lawyers Townsville advises that if you’re married with children, the absence of a will can make things more complicated than necessary. Just imagine the fractured relationships and emotional scars. Since you’re physically and mentally well, you should be proactive and create a valid will. This way, you’ll make it easier for your loved ones to sort things out when you pass away. Plus, a will can significantly reduce the amount of inheritance tax that’s payable on the value of the money or property you leave behind. More and more people are making wills during the coronavirus pandemic.
In Canada, for instance, many are thinking about end-of-life planning. According to the CEO of Willful, Erin Bury, people are thinking more about their mortality plans – or lack of. Now, they have more time to handle issues that might have otherwise fallen to the bottom of the list. Don’t fool yourself into thinking that you don’t have enough assets to warrant a will. Determine what’s what and protect your family by ensuring that your money and possessions are adequately distributed. Difficult as it may be to get to that emotional space, make an effort. If your financial situation is under control, you can draft a perfectly legitimate will online.
An online will service can take the hassle out of the whole process
Advances in technology have made it possible to make a will digitally. Numerous websites make available an online will maker, which allows you to draft, print, and sign your will. You don’t work with generic templates, just to be clear. The service asks a series of questions, and the responses are used to craft a document that can be used for any formality. As long as the document complies with the state’s laws, it bears the same legal weight as one created by a lawyer. For example, in Canada, a typed will must be signed in the presence of 2 witnesses, who must sign to confirm your signature. It’s necessary to make your will according to the laws of the province you live in.
The question now is: Why should you consider making a will online? Because it’s more convenient. You have the flexibility to add information as you think fit. All you have to do is to answer a couple of Yes/No questions; during this time, the web-based service guides you towards topics and choices relevant to your particular situation. You can get everything done in, say, half, an hour. However, it’s recommended to take as much time as necessary to understand the questions. If you fail to provide a correct answer, problems could occur.
Get a lawyer involved in the process and meet up prior to the creation of the document. The legal professional will advise you on all points. For your safety and that of others, hold the meeting over the phone or via video call.
You can create an online will Canada will without leaving your home, yet it’s necessary to deploy the right resources for guidance. To be more precise, a good will should offer informed legal guidance, including accommodation for any special rules. Attention needs to be paid to the fact that, once the will is signed and executed, it’s impossible to make any changes, so don’t rush the process. You can either make a new one or add a codicil. You’ll want to have several copies of the will, just in case. Owing to the fact that the will is a living document, it’s imperative to revisit it in the case of events like births, deaths, marriages, etc.
How to make a will virtually – some tips to keep in mind
Stay-at-home orders and strict social distancing rules have reduced the number of face-to-face interactions. To prevent the further spread of COVID-19, many are minimizing contact, whether with friends and family or service providers. If you’re ready to write a will, it’s best to use an online service rather than meeting up with a lawyer. As mentioned earlier, you can consult with your trusted advisor remotely. In-person is no longer a choice. With little differences, making a will online is similar to estate planning with the help of a lawyer. You have a guarantee that your final wishes will be carried out.
Make a list of your possessions and select your beneficiaries. You can include assets such as artwork, cars, jewelry, and pieces of land. Appoint an executor; someone needs to be held accountable if your final wishes aren’t met. Your lawyer can be your executor, but keep in mind that they’re entitled to a certain percentage of the estate’s assets. It’s important to be highly specific about who gets what. Always use full names and consider adding secondary beneficiaries. They will inherit the assets if something unfortunate happens to the primary beneficiary.
Finally yet importantly, if you have minor children, it’s a good idea to name a guardian. Not everyone will be in a position to look after your kids when you’re gone, so name a couple to take guardianship of your children if the one named in the will decides to divorce. You can name a guardian for your pet too.