A will is one of the most important documents you can prepare to ensure your loved ones’ financial well-being when you’re gone. If you’ve held off on writing a will because of the cost, inconvenience, and unfamiliarity with the requirements, you may want to try an online will creation service such as Wills Trusts LPA.
Creating a will online is an increasingly popular solution nowadays. Will writing services such as Wills Trusts LPA offer quick, easy, and inexpensive ways to create a document that ensures vital protection and comfort for your family members, dependents, and others you wish to leave something for‒even charities or pets!
Read the rest of the article for useful tips and advice on creating a will online. You will also learn why Wills Trusts LPA is the best will writing service in England and Wales to support and assist you in achieving your goals!
The huge befit of writing a will online with this solicitor firm is that you only pay when you are finished and happy. You can come back time and time again to tweak answers or think about things before answering questions. If you've never done a will before it also familiarises you with the questions you need to think about. Again, all this without paying until you are happy.
What is a Will?
A will is a legal document that details how an individual wishes their property and assets to be distributed after they pass away. Also known as a last will and testament, it is generally written by the testator or will writer and is a crucial aspect of estate planning and administration.
A power of attorney (POA) is a form of legal representation. It involves assigning a lawyer to take action on your behalf while you are still living. A will gives you control over the distribution of properties and other assets in accordance with your wishes after your death.
Wills must be witnessed and signed by two or more other people to be legally binding. A number of other rules and requirements may apply to ensure a will’s legality.
Who Should Make a Will?
Any person can make a will, regardless of age, health, line of work, marriage status, wealth, savings, debts, or financial standing. But they are especially useful for individuals who own property or a business, have assets or items of considerable value, or have a spouse, children, or other dependents.
It is vital to have a will if you want the option to decide how your affairs and assets should be managed after your death. It is also advisable to have one if you wish to have a say in appointing guardians for your minor children.
Benefits of Making a Will
Having a will offers many benefits to you and the family you leave behind. Some of the most significant benefits are:
1. They make your wishes known
Having a will enables you to make decisions about how your assets and possessions will be distributed when you’re gone. They also allow you to appoint trustees to your estate.
If you pass away without creating a will, you risk having your assets distributed according to government intestacy laws, which may not align with your desires.
2. They enable you to provide for people you specify
Relationship partners who aren’t married or registered in a civil partnership can be disadvantaged in the event of their partner’s death. For example, without a will, a common-law wife may be unable to inherit the estate of her deceased husband legally.
Creating a will allows you to provide for the people you specify when you pass. It also allows a couple to provide for each other in case one partner passes on first. This can help ensure the financial stability of the surviving partner under otherwise difficult circumstances.
3. They help protect your offspring
A will ensures the continued financial well-being of your child or children when you die. Wills can be especially beneficial if the children you leave behind are under 18 and require assistance managing their inheritance or need a legally appointed guardian.
4. They can reduce taxes for your beneficiaries
When you pass away, your dependents may be subject to a steep inheritance tax. But with careful wording, a will could reduce the amount they must pay in inheritance taxes.
5. They prevent your estate from being contested
Disputes and unexpected claims can arise when you leave behind property or other assets when you die.
A common example is someone successfully claiming part of your assets even if you didn’t intend to leave them anything. By creating a will, you can reduce the chances of a claim being made against your estate.
Ultimately, a will gives you peace of mind that your assets will be distributed according to your wishes after death. It is well worth the minimal time and effort to create one to ensure that your loved ones are cared for when you pass.
What Should Be Included in a Will?
The contents of your will can be anything you wish. But it needs to contain certain things to make it a legally binding document. Most wills typically include the following content:
- Your name and address
- A statement signifying your intention to make a will
- An account of all your assets and liabilities, including property, bank accounts, investments, and other assets
- The names of your beneficiaries, including their phone number or other contact information
- Instructions about how you wish your assets to be distributed
Wills typically begin with a statement of your name, address, and marital status. You may also indicate that you were of sound mind and a healthy physical state when you created the will.
How to Make a Will Online
The writing process for an online will is generally easier than preparing a written document. Here are the steps to making one at a will-writing site :
1. Choosing between single and mirror wills
Your first step is to decide what type of will to make. In the UK, you have two options: a single or a mirror will.
Single wills cover all the testator’s assets and wishes. Mirror wills detail the assets and wishes of two people, typically married couples.
2. Assigning beneficiaries, executors, and witnesses
Before you write a will online, choose your beneficiaries and executors, and assign two witnesses. You should also have these people’s telephone number or other contact information, especially those you wish to name as your beneficiary or executor.
Beneficiaries can be any party or organisation of your choice. You may assign a loved one, a charity, trusts, a private company, and even your friends or pets. Doing so gives these parties rights to receive money, company shares, and other assets associated with your estate.
3. Completing the questionnaire
The next step is to provide your personal information. It is important to ensure the completeness of the contact information you provide.
Reputable will services provide assurance that all your data will be kept in the strictest confidence. Any information you provide will be used only to complete your will.
The form typically includes questions about who will manage your will and who will be responsible for your estate, insurance, and funeral arrangements.
You will also be asked to specify who will inherit your assets. You may also include provisions for the distribution of your assets.
4. Reviewing your answers
The next step is to review the answers you provided and confirm that the document is free of errors and mistakes. Upon completing the questionnaire, you will receive a summary of the information you provided.
At this point, your will is probably saved as a draft. This allows you to revise or edit the document according to your wishes.
5. Signing and witnessing your will
After receiving the final draft of your will, you must place your signature on it and have it witnessed. Most online will creation services provide detailed guidelines for finalising your will with your signature and the signatures of your witnesses.
The signed document should be brought before a solicitor. This official will review the will and ensure that everything is in order.
The will creation service’s legal team will contact you if any change is necessary. You can receive a bound and printed version of your will for a nominal fee.
Upon completing all these steps, you will have a legal last will and testament that complies with British law. This document will also hold up in probate court in cases of disputes regarding its legality.
The Benefits of an Online Will Creator
Online will creators such as Wills Trust LPA and Farewill provide many advantages, including convenience, timeliness, and reduced expenses.
With an online will creator, you won’t have to wait to be squeezed into lawyers' busy schedules. There’s no scheduling of appointments with attorneys, hours spent at a law firm office waiting room, and missed consultation engagements.
In addition, wills are much quicker to complete with an online service. Reputable companies such as Wills Trust LPA can create a fully legal will within ten minutes, sparing you hours of research and the complexity of endless paperwork.
Almost everyone wants to save money. The low cost is one of the most compelling reasons to opt for online will writers. Most services charge only a fifth or even one-fifteenth of the cost of an attorney-drafted document.
Furthermore, no other legal fees are involved, and there are no issues with unexpected costs being concealed in the fine print. This gives online will creation a distinct advantage for those with limited assets.
Why Make a Will Online With Wills Trust LPA?
Trust LPA enjoys a favourable reputation among clients and customers based on the reviews page section on Trustpilot. A long-time provider of professional wills-related products and services for individuals and estates, the company provides expert legal guidance for every situation.
With Wills Trust LPA, you can complete your will at your convenience and update or revise it any time you wish before it is finalised. Even after your will is finalised, you can make changes to the document for up to 28 days.
Furthermore, Wills Trust LPA offers a lifetime updates service. This allows you access to your documents for a modest annual fee.
Wills Trust LPA stands out for its experience and ability in the will service field. Will experts and solicitors at the firm guide you in ensuring your document complies with British law.
After completing the will creation process, you are assured of a legally binding document that ensures the honouring of your final wishes regarding your estate.
Cost of Making a Will Online
At Wills Trust LPA, the cost for an individual will is £39.00. Mirror or joint wills cost £69.00 for the pair.
The price for the site’s lifetime updates service is £10 per year. You can have a professionally printed and bound copy of your will sent to you via post for £15.00.
Wills Trust LPA accepts payment via debit or credit cards and PayPal. Cash payments are not accepted.
Final Thoughts About Creating a Will With Wills Trust LPA
Creating a will online is a feasible alternative to traditional attorney-assisted will writing in more ways than one. Sites such as Wills Trusts LPA Online offer a streamlined and hassle-free process that assures you of a fully legal document that could ease your loved ones’ pain and suffering in their time of bereavement after you pass.
If you care about the life you leave behind for your spouse, children, relatives, or anyone else you care about, a will is one of the best gifts you can give them. And creating your will online with Wills Trust LPA is the best way to ensure a smooth and hassle-free process.
Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.