Online Will: People often procrastinate about making a will, because there are many misconceptions and fears about it in the mind. But, a will is not just a legal document, but an important solution, which ensures that after the death of a person, his wish is fulfilled and his loved ones are taken care of as per his wish. It takes a lot of time and money to get a will made in a traditional way, 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 people 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 get a will made 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 at 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. Remember, this does not include stamp duty and other expenses.

When is a will needed?

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 changing circumstances.

Although preparing an online will 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 (the one who makes the will) 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 much money to make an online will. The process of making an online will is fast and completes quickly. In addition, there is a fairer and lower risk of errors in the process of making an online will.

However, there are some disadvantages of making an online will. Firstly, making an online will does not provide the same advice from a lawyer as one can get in a face-to-face meeting. The process of making an online will may be unable to fully incorporate individual wishes, which is an important thing. Also, making an online will may be unsuitable for some people, such as individuals with large assets or complex family situations. Therefore, individuals should take into account their circumstances and requirements before making an online will.

Disclaimer: This content has been sourced and edited from news18. While we have made modifications for clarity and presentation.