It is not enough to tell you about the possibility of creating an online will. We should also endeavour to teach you how to make your online will using the Do-it-yourself approach and arrive at the right end. In other words, you will not have to spend much time with an attorney or pay a considerable fee for an attorney’s charges. When you learn the basic principles of writing an online will, you will discover nothing to stop you.
Managing real estate properties is one of the core parts of creating a viable will that will be approved as a legal document. A solid real estate plan is an essential part of the equation that we cannot overlook under any guise. It may be one of the primary, most important things you will eventually find yourself doing. Such a real estate plan can protect you, your family, your loved ones and the legacy you will leave behind.
Creating an effective online will is part of that vital real estate plan you need to make to secure your assets after passing. Many people feel overwhelmed when they think of creating a traditional will against an online will using the DIY approach. At Chamberlain, we have decided to provide a solution to the pressure that this feeling gives. When you start creating a choice by yourself, it reduces the overwhelming feeling.
How to Create a Will in 7 Simple Steps
Creating an online will takes roughly about 15 minutes on average. We have therefore broken down the process into seven simple steps. The intention is to let you see that the process of creating an online will by yourself is a straightforward one. There are basic principles that work in this regard that can help you navigate through and arrive at the legal document as intended. In the end, you can create a will template to cover all the bases of the estate properties for your family and loved ones. Let’s look at the seven steps below
Start to create the document
When you are ready to create an online will, log on to our site and start the process by choosing the product you desire. Then, you can begin to build the will, which is the primary target.
Name the beneficiaries and your executor
Creating your online will template is one step; assigning an executor is another critical step. You need to identify those who will benefit directly from your properties so that you don’t leave that to chance. The assignment must also follow you’re your intention and wishes. However, the beneficiaries must look up to the executor who implements all the will’s contents.
The executor ensures that all your wishes about eh will are honoured to the letter. He oversees that estate and communicates with the beneficiaries who are stated to have the assets and properties. Finally, they distribute all the assets according to the will.
Choose a guardian
A beneficiary of a will may require some caring for some time, such as small children or dependents. Therefore, you should name a guardian who will apportion this care to them if you are suddenly no longer there, so do so on your own. This role is more or less that of a caretaker who will control a piece of the estate. On the other hand, certain people may feel they are more suitable to assume this role after your demise. As a result, you will need to state the specific person to perform that role.
Organize your assets
It is not only sufficient to create a list of your assets. It would help if you organized them according to importance and value. This step will enable you to make things easy for the executor when carrying out your plan as you have prepared them. Some of the items to include in your will include the following
- Real and personal properties
- Cash checks and savings accounts, as well as other bank accounts
- All forms of business ownership, stakes, partnerships or portions of ownership
- All royalties, patents and copyrights
- Stocks, bonds, mutual funds, and other forms of business ownership
- Other possessions.
Sign your finished online will in the presence of witnesses
After creating your will online and you are sure it is ready, you can print it and prepare it for signing and notarization. When it is time to sign your choice, you need to provide at least two witnesses who are older than 18 years of age. Note that the signing process must be according to the state’s laws, which is why you must factor it in from the beginning.
Therefore, you may first establish what the state laws require before the wills can be notarized. Our template also considers the laws of your state to tailor your specific needs to the preparation of your online will. Also, we provide you with a knowledgeable attorney and other experts in the estate planning business.
Save your online will
When your will is finished, printed and signed, the next thing is to ensure it is well-kept and provided when the time comes. You will need to store your will in a very safe place where only those you have assigned can access it when you have passed. For instance, you can use a safe deposit box or a fireproof safe but remember to give next of kin who will still have access to this item when you are no longer there.
Recheck and update your will if necessary
It is crucial not to ignore your will after safely keeping it. By reviewing the will, you may find one or more things you could add to make it perfect. In addition, you may want to check the significant events of your life if there is any need to do so. For instance, you may wish to update birth dates, death dates, and marriage or divorce dates in the family. However, even if no significant event has occurred over the years, you should still revisit your stored will or testament every three to five years.
Above is essential information that can help you devise unique ways to write your will online, even without the help of an attorney. Not to say that an attorney cannot append a signature to your will if your state laws require it, but you can save cost and time. Contact Chamberlain today to learn more about creating an online will.
More to read: Do’s and Don’ts of Making your Online Wills