Being a mom, you face some hard realities in life. One of them is the fact that you might leave your children and your loved ones behind. No one wants to think about the fact that they will be gone, but this unwanted reality usually happens unexpectedly.
That is why it is important to create your last will as the last loving act for the people that you love. If the cost of creating a will is holding you back, an online option can give you and your family the protection you need without breaking your budget. With an online service, you can rest assured knowing your assets are taken care of.
Why is a Will Important?
After we pass away, our wills tell the courts where you would like your assets to go. While your family or heirs can usually straighten out where each asset or item belongs without a will, it prevents drama with your family or those left behind after your death if you have everything planned out.
Keeping your will properly updated is also important. If you have more children, get married or divorce, or acquire new assets, you will want to adjust your will to reflect those changes. This can prevent your family or loved ones from needing to dispute your will in the future, allowing them to ignore the need for contesting a will time limits or will dispute lawyers.
How to Make a Will Online
If you want to write a will online, there are a few steps you need to take to ensure the will is legally in place and that everything is covered. Here is a step-by-step guide on how to write a will:
- Select Your Program: There are many programs that allow you to make a will. Many of them begin with asking you a few questions about your assets and what you would like to be protected in your will. Find one that fits your budget and with your needs.
- Know Your Assets: What important assets do you have? What property do you own? How much is your estate worth? All of these questions are important to ensuring you discuss each and every important item you have in your will.
- Choose Your Heirs: For some, selecting an heir is easy. If you have children or grandchildren, these are the most common kinds of heirs. But if you don’t have any direct kin, you may want to choose your parents, siblings, nieces or nephews, or cousins. If you do not have any heirs, you may name a charity or cause.
- Select Your Executor: The executor of your will is the person that will carry out the terms of the will after you pass. Many times, someone may choose the executor of their will to be their spouse or the oldest child. When selecting your executor, it can be someone that will benefit from your will’s contents or an heir.
- Get a Witness: Although you can create your will online, you need to be careful with online will kits. Make sure you do your own research as much as possible, so you don’t make any mistakes. You will need to sign it by hand and with witnesses. Unlike the executor, you don’t want your witnesses to be someone that is named in your will. This may include a friend, neighbour, or even a notary.
Once your will is printed and signed, it is ready to go. Keep it somewhere safe and ensure your executor knows where it is located or has a copy of their own.
When Are Wills and Estate Lawyers Necessary?
For some, creating a will online is easy. But for others, creating a will is a little more complicated. If you have a large extended family, stepchildren, own a business, or have over $2 million in assets, an online will yourself may not be the right decision for you. Instead, you should consider connecting with a lawyer to ensure your will is properly laid out.
Do not let the cost of creating a will is holding you back, keep in mind that an online option can give you and your family the protection you need. An online will kit might not be the best option, but sometimes, a DIY will kit is better than nothing at all.