Online platforms offer user-friendly tools and resources to help individuals draft and execute wills from the comfort of their homes. Here’s how you can create an online will. (Content on this page is courtesy Centre for Investment Education and Learning (CIEL))
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Select a platform
Start by identifying a credible online service. The platform should have an intuitive interface, detailed templates and secure document storage.
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Online registration
Register by providing personal details, including full name, date of birth, address and contact details, and then creating secure login credentials to use the online service.
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Give details of assets
Next, list all your assets, including properties, investments, bank accounts, insurance policies and valuable possessions.
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Appoint beneficiaries
Identify beneficiaries for asset inheritance. You can allocate specific assets to each beneficiary and designate alternative beneficiaries in case the primary ones are unavailable. Next, appoint the executor responsible for executing the will.
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Draft will using templates
You can use any of the customisable templates provided on the platform. Fill the details using the given instructions, detailing asset distribution and any special terms.
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Review and execution
Drafted will can be reviewed for precision and correctness, revisions can be made as needed. Seek legal advice in case of complex situations. After review, the will is legally executed following the platform’s guidelines, including electronic signing in the presence of witnesses.
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Points to note
The completed will is stored securely online, with encryption options for protection. You can regularly update the will using the platform to ensure that it remains relevant with changing times and financial situation. Tell your family about its presence and location.
