Guide To Writing Wills Online
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Category — The Basics

Online Wills – Definitions

Here are basic definitions to help when preparing online wills.

Testator – the person making the will

Executor – a person or persons who carries out the instructions in your will. Their duties include collecting your assets, paying taxes and debts and finally to distribute your assets to the new rightful owners. The executor holds legal title to your assets during the probate. [Read more →]

October 26, 2008   Comments Off

Online Wills, Software or Attorney?

Should I use a Online Wills services, a will writing software or just get an attorney? This is a common question people ask.

While some sites you come across will say something along the lines “you don’t really need the other”, my own experience says that each has its merit. [Read more →]

September 25, 2008   No Comments

Selecting Key Person (Part 1)

Even when you use online wills services, you will still need to gather some information beforehand. This will help you write you will faster and complete the whole process rather than having to stop and redo everything again later. [Read more →]

September 23, 2008   Comments Off

Online Wills Process

I’ve tried out quite a few online wills service. The process is quite simple. Usually there is a series of questions for you to fill up. It is a guided process and if you fail to fill up the question, you cannot proceed. It is a safety net to ensure your Will is complete. [Read more →]

September 23, 2008   Comments Off

What Is A Will

A Will is a “declaration of intention” of the person making it and it takes effect when the person dies. It must be in the form that is prescribed by law i.e. legal in the eyes of the law.

Because it is only a declaration, it mean a Will can be revoked at any time and you are still free to do with your assets any way you choose. For a Will to become an official legal document it must be signed and dated in the presence of two witnesses. Your witnesses does not need to see the contents of the Will. They only need to witnessed your signature. A beneficiary or their spouse cannot be witnesses or they automatically lose their share.

This requirement is the same whether you have your Will prepared by a lawyer, by software or through online wills services.

September 21, 2008   Comments Off