Online Will: Writing a will is now quite easy and affordable. Through online platforms, you can prepare your will from home, which saves both time and money.
Online Will: People often procrastinate about making a Will, because there are many misconceptions and fears about it. But, a Will is not just a legal document, but an important solution, which ensures that after the death of a person, his wishes are fulfilled and his loved ones are taken care of as per his wish. Making a Will through traditional methods takes a lot of time and money, but you can get it made in an easy way and at an affordable cost, that too online.
Usually people do not know that a Will can also be made online. Online Will is special for those who cannot give much time and do not want to go anywhere. There is no need to even contact lawyers. Most people in India can make a Will online. However, due to the need for expertise in Sharia laws for the Muslim community, they have to take personal and special services.
According to Moneycontrol, the cost of an online Will depends on the service provider and the complexity of the Will. Some platforms offer simple wills for a fixed fee, while others charge based on your assets and the number of beneficiaries. For example, WillJini starts at Rs 5,500, and Vakilsearch starts at Rs 4,499. Note that this does not include stamp duty and other expenses.
When is a Will required
You should prepare a Will at the time of marriage, birth of children, acquisition of property, starting a business, or any major event. Apart from this, it is also important to update your Will every 3-5 years so that it reflects your wishes according to the changing circumstances.
Although preparing a Will online is convenient, it cannot be fully implemented on the Internet. According to the Indian Succession Act, 1925, the Will has to be signed by the testator in the presence of at least two witnesses.
Advantages and disadvantages of online wills
There are many advantages of making an online will. Firstly, the process is quite simple and convenient, with no legal knowledge required. Also, there is no need to spend a lot of money to make an online will. The process of making an online will is fast and completes quickly. Also, the process of making an online will is fair and has a low risk of errors.
However, there are some disadvantages to making a will online. Firstly, making an online will does not provide the same level of advice from a lawyer as making a will face-to-face. The process of making an online will may be unable to fully incorporate personal wishes, which is an important consideration. In addition, making an online will may be unsuitable for some people, such as those with large assets or complex family situations. Therefore, individuals should take their circumstances and needs into consideration before making an online will.
