How to make your Will online
Modern times are here to make our lives easier. We use our mobiles and laptops to make most of our errands and to simplify the way we live. But how is writing a Will or a Will application and modern times connected? Well here’s a list of essential things you can do online and save money in the process.
More than 50% of UK adults have not made a Will and 47% of the adults who have a Will have not got up-to-date versions. This could be because people are still a bit unaware of the consequences of not having a Will prepared meaning you could die intestate (legal jargon for someone else dictating who receives your possessions and a nightmare for your family to organise). The solution surely relies with an online Will. UK adults have a tendency to put off their Will, especially those who are in their early 30´s – this age group is particularly important because they are most likely to have dependants – while people in their 50´s are not putting off this task as much, with nearly three times more compared to those in their 30´s Have got a Will.
The good thing is that now you can rely on modern technology to ease up this process, especially now that you know that failing to do so may end with your relatives fighting against a mountain of paperwork and legal fees.
Right now you can go online and have your Will made in 15 minutes, you don’t need a solicitor, and it’s free with ZenWills. There’s a new world of Will drafting that is here waiting to work in your favour. We´re going to show you how to get yourself ready, in order to make your Will online, hassle-free with no cost.
Prepare yourself for this task:
Start thinking of the things you own -your assets – that you want to leave to family and friends. It doesn’t necessarily mean that it has to be a property or a car, it can also be an emotional asset, such a small collection of fridge magnets, a plant, photos.
Remember that emotional values and memories are important and they also carry a legacy. Make sure that you have a list of all financial assets, such as insurance policies, bank accounts and other details and store this information where executors of the Will can find it to help them. It would also be smart to have an idea of the Will executor as well as the names of the designated legal guardian (s) for your children or pets should you have them.
Choose the person who´s going to administrate the Will:
The role of the person who performs all matters of your Will is known as the executor. He/she is the administrator and responsible for making your Will a reality. This person will be the individual closing accounts, settling financial matters and delivering money, properties and all that is tangible to their designated new-owners. It is very common that people choose someone very close to them, like partners, relatives or friends, or instead appoint a professional.
Keep in mind that some procedures require signatures from two executors, especially when beneficiaries are under 18 and their inheritance must be held in Trust for them, therefore important when thinking about the name (s) of the designated executor. A brief thought about this individual’s morals and ethics is definitely recommended.
Guardians for your kids & pets
Though a difficult task, especially when we – as parents – tend to believe that nobody else is good enough to look after our children and pets in case something happens to us, is something we must do. Common belief states that if one of the parents passes, the parental responsibility immediately goes to the other parent, but sadly the law doesn’t always work like this.
This is vital because you don’t wants a judge to choose who should take care of your children. However, you can choose a guardian who have the experience of being parents and have the financial stability to cope with your children or pets in your Will.
Here’s the FUN(eral) part
Even though it is not legally required when making a Will, you can add funeral wishes to your document. You can be as creative as you wish and do something that sums you up perfectly. Some people may decide to have their ashes thrown into the ocean, planting a tree with your ashes or donating their body to science.
Stop procrastinating:
While a sensitive topic, we should all agree that death is part of the life process of each human being. A critical one which also comes with tons of legal repercussions if one fails to prepare. You can also see it as a way to make a strong statement about life and leaving behind a legacy.
Deciding what´s going to happen with the future of those you have under your wing, can create an enormous sense of life affirmation. Take advantage of an online Will to do this in a quick yet effective manner. It could take less than fifteen minutes, and you will be saving those you love from a painful legal process.