How to Create a Will Online? (Follow These Simple Steps)

In the digital age, even the most personal aspects of our lives can be managed online—including estate planning. Creating a will online simplifies what has traditionally been a complex process involving attorneys and significant legal fees. Now, you can draft a legally binding will from the comfort of your home, quickly and securely. This article guides you through the process of creating a digital will, detailing each step and providing practical tips along the way.

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What is a Digital Will?

A digital will, also known as an e-will, allows you to arrange for the transfer of your assets after your demise using online tools. This method ensures that your properties, finances, and other valuables are distributed according to your wishes, securely and efficiently. Digital will not only save time but also provide a platform to manage your estate with ease, allowing for updates and changes without the need to consult a lawyer.

How to Create a Will Online? (Follow These Simple Steps)

Select a Platform

Choosing the right platform is the first crucial step in creating an online will. Look for providers that offer secure data storage, easy-to-use interfaces, and support from qualified professionals. Ensure the platform is reputable and has positive reviews from users.

Online Registration

Once you’ve selected a platform, the next step is to register. This involves setting up an account where you’ll provide your basic personal details such as name, date of birth, and contact information. Secure login credentials are essential to protect your information.

Give Details of Assets

The core of your digital will involves detailing your assets. List all your properties, bank accounts, investments, insurance policies, and other significant possessions. This comprehensive listing ensures that all your assets are considered in the distribution plan.

Appoint Beneficiaries

Decide who will inherit your assets. This can include family members, friends, charities, or any other entity you wish to benefit from your estate. You can specify which assets go to which beneficiary, and also name alternate beneficiaries in case your primary choices are unable to inherit.

Draft using Templates

Many online platforms provide customizable templates to simplify the drafting process. These templates help you organize your asset distribution and any special instructions you may have, ensuring that all legal nuances are covered.

Review

After drafting your will, review it carefully for any errors or omissions. Many platforms allow you to make revisions and edits as needed. It’s a good practice to have a legal professional review the document, especially if your estate distribution involves complex arrangements.

Advantages of E-Will

Creating an e-will offers several advantages:

• Convenience: Easily create and modify your will from anywhere.
• Speed: Complete the process in as little as 30 minutes.
• Security: Advanced encryption methods ensure your information is protected.
• Professional Support: Access to professional legal advice and drafting assistance.
• Cost-Effective: Typically less expensive than traditional will creation.

Online Will: Do’s and Don’ts

Do’s

• Ensure you are of legal age (18+) and of sound mind when drafting your will.
• Clearly name all beneficiaries and provide detailed asset information.
• Keep a physical copy of the will for backup.
• Regularly update your will to reflect any changes in assets or personal circumstances.

Don’ts

• Avoid vague language that could lead to misinterpretation.
• Do not neglect to have the will signed in the presence of witnesses.
• Refrain from using unsecured platforms to draft your will.

List of Best Service Providers For Creating an Online Will

• NSDL EzeeWill: Partnered with Warmond Trustees, offering comprehensive services.
• Federal Bank and ICICI Bank: These banks provide tailored services for NRI customers in partnership with NSDL.
• HDFC Securities: Collaborates with Willjini.com to offer secure will services.
• SBI Cap Trustee Company: Known for its reliability and comprehensive estate planning services.

Creating an online will is a straightforward process that can ensure your assets are managed and distributed according to your wishes after your passing. By following these steps and selecting a reputable service provider, you can secure your legacy efficiently and securely.