How Writing A Will Online Is Different From On Paper
**How Writing A Will Online Is Different From On Paper**
Many people refuse to pay attention to drafting a will because they believe that all their wealth will automatically be transferred to their spouses and children. Unfortunately, this isn’t always the situation. Without this document, you may be leaving your heirs to fight over your estate, and you may have to pay expensive legal fees and estate taxes, which could diminish the value of the properties to be passed to the heirs. This is one reason why you should have a will in place.
However, with the advent of modern technology these days, writing a will can be done virtually, along with the traditional way of drafting this legal document. If you’re planning to write a will, keep reading this article to learn about how the online version is different from the one done on paper.
**What Is A Will?**
In simple terms, a will refers to a legal document that outlines the express wishes of a person as to how their assets and properties will be administered and distributed upon their death. It’s important as it allows the person to communicate and execute their wishes clearly and accurately.
The following are the benefits of writing a will:
* As mentioned, having a will can be the only way to make sure that all your possessions will be distributed as you wish.
* It gives you the opportunity to appoint an executor or someone who will oversee and administer all your properties upon your death. For example, you can specifically instruct the executor to [manage your bank accounts in Austraila](https://www.marketsandfairs.com.au/Blog/Sydney-Accountant-Power-Tips-For-Managing-A-Business-s-Accounts-Better) or wherever you may be, and make them ready for distribution.
* If you have minor children, it can be an effective way to appoint a guardian who will take care of them after your passing.
* It can be a fast and less costly way of setting your estate after you die.
* It can help reduce the stress and heartache of your loved ones because of your death.
**What’s The Difference Between Writing A Will Online And On Paper**
Now that you know what a will is, it’s time to get familiar with how drafting a will online is different from writing one on paper.
**1. Speed In Creating The Document**
Typically, the traditional way of creating a [will](https://www.willed.com.au/guides/how-to-write-a-will-online/) is more time-consuming than having it done online. With different platforms that allow you to write this legal document, you can complete this process within a few minutes from the comfort of your home.
Instead of having expensive trips to your lawyer’s office, you’ll only need to sign up and create an account, and you’re good to go. The format is readily available online, which is why all you have to do is enter some specific details about your express wishes, such as the appointment of your executor, the name of your beneficiaries, and many more.
**2. Less Costly**
In most cases, creating a will on paper can cost you hundreds to thousands of dollars, depending on the complicacy of your situation. For example, if you have children from various relationships, estate that exceeds the estate tax minimum, and other complications, you may have to pay a considerable amount of money for the services of an experienced lawyer.
However, when you draft a will through digital platforms, you’re only expected to pay a lesser amount ranging from AUD$0 to AUD$100. That’s because some platforms come in different formats that’ll suit your needs. Just do your research beforehand to make sure it’s the appropriate option for your financial circumstances.
**3. Can Be A Jumping-Off Point For Creating Your Final Will**
Anything can happen in life. You may not know what’s going to happen tomorrow, the next day, week, or month. This is one of the reasons why you should prepare your will as early as you can. Given the lengthy process of writing this legal document, you should waste no time to get your will prepared. This is one of the differences of writing a will online and on paper.
When you make use of a digital platform, you can [create a will](https://www.wikihow.com/Create-a-Will) today, which is better than waiting to draft one on a paper, which can be a lengthy and time-consuming process. If you later on realize that you need to make amendments on the provisions and hire a lawyer, you can use the will created online as your jumping-off point to finalize it before it becomes too late.
Indeed, there are plenty of ways you can make a will. Whether it’s done online or on paper, having this legal document in place can give you peace of mind, knowing that your wealth will be administered and distributed accordingly.
However, if you want to know which one is best for your needs, keep the information mentioned above and you’re on your way toward securing the future of your loved ones even after your demise.