A last will and testament is a legal document that lets the person who is making the will to give the authority of his or her property and possessions to the people of his or her choice. These individuals who are going to receive the property or possessions of the testator are known as the beneficiaries of the last will and testament. This legal document also lets you name a guardian who would be taking care of the minor children. The very purpose of a will is that the testator’s demands are to be fulfilled and not what is the default action of the state laws. Nowadays, you also have online legal will that also acts like a normal will. Read on to find out about the different advantages and disadvantages of online wills.
Advantages of online wills
Online wills are less expensive that hiring a lawyer. Cost is one of the most important factors when it comes to creating a last will and testament. There are a number of sites that specifically deals with online wills and have a limited price range. You do not have to charge an exorbitant price for making an online will.
Th online will do not take a lot of your time. So, if you have all the questions ready for creating the online will, then you can finish up the will very quickly. Therefore, the online legal wills are simple as well. On the other hand, if you are contacting an attorney for making the will, you will have to spend time in meeting him, explaining the details of your properties and possessions and then name the beneficiaries. And this also requires the extra lawyer charges.
There are also some cases wherein people are not uncomfortable sharing their death wishes with a stranger and therefore might find online wills more comfortable.
Disadvantages of online wills
As a last will and testament is a legal document, it needs to be reviewed by a professional. But online wills haven’t been reviewed by a professional. But if you are worried about getting a reviewed document, then you can always show the online will to a professional lawyer.
Online wills can also be one of those that does not suit your specific situation. And so, you might also not find the right website that will provide you with the correct will format.
There can be a case that the state laws might have been updated regarding last will and testament but the website has not been modified. In such a case, you will need to research well before you fill up any of the online will forms.