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Why Should You Make a Free Will Online?

Although the end of your life is something that you probably don’t want to dwell on, it’s essential to decide what will happen to your assets and personal possessions after your death. The best way to ensure that your funds and properties are shared according to your desires is to write a will. A will is a legal document defining the transfer of your property and wealth after you pass away, and any person over the age of 18 who is of sound mind and memory can write it. It needn’t be complicated or expensive to write a will. Get a Free Will Kit for yourself today without spending even a single penny.

What is a living will?

A living will sometimes be referred to as an advanced order, is a legal document protected by rules. In case you can no longer make those decisions yourself or can no longer communicate what you want and need, it lays out your final wishes.

Since now you know what a will is, let’s talk about why it is beneficial to make one online.

Reasons to make a will online

In life, there might be situations that are not controllable, so planning is very important. Maybe someone close to you passed away without preparing a will, and now you are thinking about your longevity.

According to a 2017 Caring.com study, more than half of Americans don’t have a will. “Everyone will profit from making a final testament, whether you’re young or old, wealthy or poor,” says John P. Farrell, a lawyer for estate planning and probate at The Farrell Law Firm in Marietta, Georgia. You’ll minimize the chances of family disputes later with a will in place and potentially high legal costs and associated fees.

If your wealth and estate situation are simple and straightforward, opting for an online will is the best choice.

When you own land jointly with someone else, from the time you acquired the estate, it is essential to have a binding legal arrangement dictating what will happen if one of the owners passes away. Make sure you check what you have already mentioned. The same is true of the financial account beneficiaries. Now’s a good time to work on an online will.

Ease of making a will online

● When you put off making a final will because you don’t want to pay a lawyer, you will know that you don’t need to hire a lawyer to draw up a will.
● Many people who need a necessary will can create one online, or simply use legal forms purchased from stores. Each of these will-creation methods is far less expensive than retaining a lawyer to do the work.
● The cost of creating a will would usually range from around $20 to $100. You can also purchase a regular testament on ready-made forms available in stores. On the other side, a lawyer will charge for making a will anywhere from around $100 to $1,000, depending on the country you live in and the nature of your circumstances. So don’t let money stand in the way of building your will. You do have low-cost, simple, convenient alternatives to complete the cycle.
● You are walked step-by-step through a series of questions when you create a will online, to help you create the will. You then print out the will and have it signed and notarized by at least two witnesses. Most online will software programs even let you go back into the will and make changes or adjustments to the document as you see fit.
● The online tools today let you build a will efficiently. Within a fraction of an hour, a fast search will lead to numerous websites that promise to help you draft a will. Nonetheless, it’s necessary to analyze the options available before you click through.

Conclusion

Whether you’re using an online service, working out a template, writing your own will, or hiring a lawyer, there’s more than one way to get your affairs in order. The main thing is to do a certain amount of estate planning when it is in your mind, and follow through with the final steps to make the document binding. Making a free will online is an easy and convenient method with the Free Will Kit. Get one for yourself today free of cost!

References

https://money.usnews.com/money/retirement/aging/articles/should-you-make-a-free-will-online
https://in.pcmag.com/get-organized/136053/should-you-consider-an-online-will
https://www.doyourownwill.com/
https://www.aarp.org/money/estate-planning/info-03-2011/cost-effective-wills.html

FWK Homepage

A will is a legal document that lets a person express how his/her assets would be distributed or spent upon death. It is one of the most important documents you would write in your lifetime. When a person without a will dies, it is referred to as dying intestate. Dying intestate does not distribute the deceased’s assets according to his wish but instead goes to the state, and the relatives have to spend additional money and time acquiring what is rightfully theirs. It is logical to leave your sentimental items the way you want to your loved ones and not  the government. This can be done by creating a will. If you are thinking of drafting your will, then using the Free Will Kit is the best way to go about as it is neither draining nor expensive.

There are different kinds of wills, and understanding what’s right for you can be confusing. In this blog, the full description of common types of wills is provided to help you make an informed decision.

1. Living Wills

Living wills are not the last wills but a document that explains what medical treatment you wish to have near the end of your life. It lets you control your future, but it has to match your state’s requirements as every state handles living wills differently. A living will is limited to what you have written, but you can have a medical power of attorney. This person can make the best possible choice according to your wishes regarding treatments or medical procedures. Living wills are also called a Directive to Physicians or Advance Directives. All adults can use this document as unexpected situations can occur at any age. Having a living will avoids unnecessary suffering, confusion, and disagreement between your family members.

2. Joint wills

As the name suggests, a joint will is executed by more than one person, generally used by married couples who leave their assets to each other. A joint will combine the testaments of both parties into one document. The surviving person inherits the entire state after the other party. The will also mentions what would be done with assets after the death of the second party. It can be revoked only with the consent of both testators; that is, it is irrevocable after one of the testators’ death. This kind of will is beneficial for those couples who have children from prior marriages so that all the children get a share in the estate. A mutual will is similar, but it involves two signed wills.

3. Simple Wills

A simple will is a basic will that allows you to declare your wishes without any stipulations or fancy clauses. When drafting a simple will, you can choose an executor who will ensure that your will is carried out. Despite its name, a simple will can cover much ground. A simple will can be completed on your own by using the Free Will Kit or by consulting an attorney or both. A simple will can name the guardian of your minor children and includes the description of the asset distribution. It is used in situations where a detailed will isn’t necessary. This type is appropriate if you don’t have much property, and you are in good health under the age of 50 years.

4. Trust Wills

A Testamentary Trust Will or trust under will establishes one or more trusts upon the death of the testator. This type of will protects the assets of the deceased in situations when it doesn’t belong to an individual. The will sets out the provisions for managing the trust, and the trustees are bound to act in accordance. The trustee of each trust, the beneficiaries, an appointor, and the transferable assets are also specified in the will.

The trust will allows you to keep assets in the family and reduce taxes paid by the beneficiaries. It also provides a level of control and protects your money from unjust claims. Typically, the trust will is used when you want a minor or disabled to receive your inheritance later. The testamentary trust has to go through probate after your demise.

The trustee goes to the probate court every year until the beneficiary receives the inheritance.

Which type of will is for you?

The type of will depends on various factors such as property, business, amount of money, etc. You can find the right one for you now. Creating a will is one of the most loving things you can do for your family, and fortunately, you don’t have to spend a fortune to have it done. You can sign up for the Free Will Kit and get it done in less than 30 minutes of plugging information.

References:

Types Of Wills – Family and Matrimonial – India – Mondaqwww.mondaq.com › wills-intestacy-estate-planning › ty…

Types of Wills: Which Is Right for You? | DaveRamsey.comwww.daveramsey.com › Blog

List of the Different Types of Wills | legalzoom.cominfo.legalzoom.com › article › list-different-types-wills

It’s often hard to plan and figure out what’s going to happen after your death. For those with large estates, deciding who’s going to get what can be especially hard. Nobody likes to ask tough questions like, “What’s going to happen after we pass away?”

We are often fascinated by the rich and famous lives, but we tend to forget that they are also people with families and loved ones. Most wills are very straightforward and functional legal documents to ensure that the estate is distributed according to one’s wishes. Even the rich and famous struggle with financial issues, especially when it comes to estate planning and their will. The Free Will Kit helps you with estate planning and preparing your will from the comfort of your home absolutely free of cost!

Let’s take a look at some of the most creative and genius last wills of all time.

1. Napoleon

In his will, Napoleon Bonaparte wished that, after his death, his head should be shaved, and his hair should be divided between his friends.

2. Benjamin Franklin

In his will, Franklin asked his daughter Sarah to “not engage in the expensive, vain and useless pastime of wearing jewels.” If you’re wondering why he was trying to stop her from wearing jewelry, he’d also left her a portrait with a frame of 408 diamonds.

3. Charles Dickens

According to Dickens’ will, no mourners who attended his services were allowed to wear scarves, cloaks, black bows, long hat bands, or any other “revolving absurdity.”

4. Thomas Shewbridge

While not particularly prominent in life, the Californian rancher left 29,000 shares in the local electrical company to his two dogs. This meant that his dogs were always present at meetings of the Board of Directors.

5. Marilyn Monroe

Marilyn Monroe decided not to hand over her legacy to her family. Instead, she left it all to Lee Strasberg, her acting coach. All of her personal effects remained in Lee’s basement until he died himself.

6. Fred Baur

Founder of the famous company Pringles, Baur asked instead that his body be cremated and buried in Pringles’s can. His family had complied with the request.

7. Mickey Rooney

The actor had only about $80,000 when he passed away in 2014, and he gave none of it to his wife and children. They tried to oppose the will, and eventually, they lost.

8. Jeremy Bentham

Bentham asked that his body be preserved, stuffed with hay, and displayed at the University College of London. This has been done, and his body is still on display — Dr. Thomas Smith, the executor of the will of Bentham, did the stuffing himself.

9. John Bowman

Bowman’s wife and daughter died before he died. The socialite supposed that once he died, the entire family could come back to life. He left behind $50,000 to hire a staff member who would keep his home and cook a meal every day if they came back to life.

10. George Bernard Shaw

The renowned author and playwright died in 1950, leaving money to finance the development of a new alphabet. It had to be phonetic, 40 letters long. The Shaw Alphabet was formed by the end of 1950.

11. Mark Gruenwald

The Chief Editor of Captain America and Iron Man for Marvel asked in his will that his ashes be mixed with the ink used to print comic books. His remains were mixed with the ink in the paperback of Squadron Supreme.

12. Leona Helmsley

The real estate mogul died in 2007. She left $10 million to her brother, $5 million to her grandchildren, and $12 million to her Maltese pup named Trouble.

13. Harry Houdini

The magician and escape artist left a secret code to his wife, which he would use to get in touch with her afterlife. She held sessions every year on the date of his death (Halloween) but was never successful.

14. Gene Roddenberry

He asked for his ashes to be scattered in space. This has, indeed, been done. His ashes were successfully released by a satellite orbiting the Earth in 1997.

15. Janis Joplin

The musician left $2,500 to pay for an all-night party in her favorite pub after her death.

Conclusion

No matter how much money or assets a person has, they need a final will to ensure that their belongings are left to the parties they intend to be left with. Making your free will online is an easy task with the help of the Free Will Kit. Get one for yourself today, totally free of charge!

References

1. http://www.mgeorgelawfirm.com/wills-trusts/famous-last-wills-and-testaments/
2. https://www.everplans.com/articles/the-last-wills-and-testaments-of-the-deceased-and-famous

 

 

Writing a will could be stressful. It also leads to more difficult conversations. You have to nominate an executor in your will, for example, a person responsible for carrying out your last wishes. You’re probably going to want to have a conversation with that person and make sure they accept those duties. If you have underage children, you will need to have serious conversations with the people you appoint as caregivers. If you own a property jointly with someone else, you may already have a standing legal agreement when you purchase the property that tells what happens if one of the owners passes away.

The Free Will Kit solves all of these problems without the legal process issues, and the best part is that it’s completely free of cost!

What is a Do it Yourself Will?

The do-it-yourself will is the last will of the person making it, also known as the testator. Generally, a ‘do it yourself’ can be made with the help of a Will Kit or online software that allows you to fill in your personal information to have a valid final testament created.

Now that we know what a ‘Do it yourself’ Will is, let us know more about making a DIY Will to help you decide better.

Pros of Making a Will Online

Making a will gives you the possibility of ordering your affairs for after your death. Here are a few advantages of ‘Do it yourself’ Will:

1. Less Time Consuming

It takes nearly 15 minutes to draft a simple online Will.

2. Cost-Efficient

Composing a Will online can cost anywhere from $0 to about $100. Choosing a lawyer to assist you in writing a simple will with minimum assets costs at least a few hundred dollars, and possibly much more if you have a complicated estate.

3. Something Is Better Than Nothing

If you’ve put off trying to write a will this long, there are fewer chances that you’ll call a lawyer to ask for help. When you utilize a website, you can create something on the spot. That’s far better than zero. Plus, if you later apprehend that you need to consult a lawyer, you can use the will you make as a jumping-off point. You might either write a fresh one or amend the existing one with the attorney’s guidance.

Cons of Making a Will Online

While everything that has an advantage has some disadvantages attached to it. Here are some:

1. No Legal Advice

One of the lawyers’ roles is to help you think through worst-case scenarios and poke holes in your Will’s first draft. A skilled estate planning attorney knows what questions to ask to make sure you are fully covered. The more complex your estate, the more critical it is to make sure you have filled all your gaps. The advice is part of the service you pay for.

2. Vague Language

To make a form applicable to all U.S. residents, online services sometimes use vague language in the fine print. It aids to choose a service that offers state-specific forms, although you may still encounter vague language, such as a generic name for a county or state office that may or may not exist in your jurisdiction.

3. No witnesses or notaries

In most cases, you will finish online by printing it and having at least two witnesses sign it. Some states in the United States may require three witnesses. You might require to get it notarized, too, depending on where you live. A real challenge could be to get a document notarized during a stay-at-home mandate. In standard times, you can ask your local bank if they have a notary, as the service is sometimes free for customers.

Conclusion

Through a will, you decide how your assets are to be distributed among people you love. But without a will, the state gets to decide that for you. The Free Will Kit helps you live worry-free and assists you in making a will, and it provides clear instructions on how to sign your will and what all to include. It also ensures that your loved ones and property are protected, and you can leave your family behind with what is rightfully theirs. Request for your own Free Will Kit so you can get started making your last will today!

References

1. https://www.legalzoom.com/articles/do-it-yourself-will-pros-and-cons
2. https://www.moneyadviceservice.org.uk/en/articles/diy-wills-what-you-need-to-know

It is not pleasant to think about one’s death, but you can’t afford not to. While you might want to put it off, it is beneficial to draw a will to avoid strife among loved ones. A will is a document that describes your wishes regarding the distribution of your property if you are no more. It is a legal paper that protects your family and your assets. A living will and power of attorney dictates who has authority in legal or financial matters and what final medical treatment you wish to receive, whereas a will names the guardians of your minor children. Don’t think of a will as the acknowledgment of not living forever, but a record of your personal belongings for those who matter to you.

In the builder years of life, we work and build assets to protect and pass them down to safe hands. Writing and keeping an updated will is as good an idea as life insurance. It doesn’t matter if you are single or have a partner and children, dying without a will can take a toll on people close to you. It is not the most enjoyable, but it is an essential life task. Any ambiguities or mistakes in the process can cause disputes and delays. Follow the tips listed below to ensure that your finances and possessions are taken care of properly after you:

• Choose executor carefully: An executor named in your will is a person who is responsible for executing all your instructions. This person will make sure that your wishes are carried out, that’s why you must choose someone responsible and trustworthy. It is good to ask the person before writing the will and keep a backup executor in case of any unforeseen incident. Usually, people choose their attorney as the executor. If you are making your will using The Free Will Kit, you can choose a friend or a family member.
• Name a guardian for your minor children: It is practical to be prepared for the worst situation when both you and your partner are not there for your children. So, it is essential to name a guardian who embodies your values, and you trust with your children’s wishes. You don’t need permission from the family member or friend before appointing them as the guardian. You can simply set up a trust fund to support your children and put someone in charge of the money until they reach the age of majority.
• Will Kits: Using the Free Will Kit, you can write a will without spending thousands of dollars compared to when using an attorney. If you are worth millions or you have a complicated blended family, then you can take the help of a professional. It is a good idea to use your Will Kit under professional guidance- this can help ensure you don’t miss out on anything.
• Sign the document: This is obvious, but worth mentioning when you are writing your own will. For making your document legal, it must be attested by you and your witnesses. In most cases, the witnesses can’t be people who are supposed to inherit anything. A witness should be a minimum of 18 years of age.
• Be precise: You should spell out all your wishes, especially those involving cash clearly to avoid disputes and confusion. If you have children and stepchildren, you can’t vaguely address things. Whatever you leave to your second partner is rightfully theirs. Your children from your first marriage won’t have any right over it. It is not compulsory to divide your assets equally. You can also leave money to someone privately. Generally, life insurance policies and retirement accounts have beneficiaries attached. Still, you should re-check if it is assigned to the right person.
• Make amendments regularly: It is vital to revisit and update your will every few years according to your age and economic status. You may need to make changes because of re-marriage, separation, divorce, adoptions, death of the partner, etc.
• Keep it safe– It is important to store your will in a safe place. You should have a copy in your home, and the executor should be aware of the original one. You should ensure that a trustworthy person knows the position of your relevant papers and passwords to banks and fireproof safes.

The final tip would be to include the smallest details about your beneficiaries and be realistic while distributing your assets. If there is more you want to say, you can leave a letter with the executor. If you don’t have a will yet, sign up for the Free Will Kit now!

References

https://www.sunlife.ca/en/tools-and-resources/money-and-finances/managing-your-money/five-important-considerations-when-writing-a-will/

https://abcnews.go.com/Business/tips-writing/story?id=27715084

https://money.usnews.com/money/personal-finance/family-finance/articles/steps-to-writing-a-will