This story is from April 23, 2024

Want to create a will? You can create it online as well - Here’s how

Draft a will online using templates, legal advice, and encryption. Include witnesses, update regularly, and communicate with family. Seek guidance from Centre for Investment Education and Economic Times.
Want to create a will? You can create it online as well - Here’s how
If you are planning to create a will, many online platforms offer easy-to-use tools and resources, allowing you to draft and finalise a will without leaving your home. (AI image)
Creating a will online: If you are planning to create a will, many online platforms offer easy-to-use tools and resources, allowing you to draft and finalise a will without leaving your home. Here's how to make an online will.
1. Choose a reputable platform
Begin by choosing a reliable online service. Look for a platform that has a simple interface, comprehensive templates, and secure storage for your documents.
2.
Register with the platform
To register, enter your personal information like your full name, date of birth, address, and contact details. Then create a secure username and password to access the online service.
3. List your assets
Next, make a list of all your assets. Include property, investments, bank accounts, insurance policies, and any valuable items you own.
4. Name your beneficiaries
Decide who will inherit your assets by choosing your beneficiaries. You can assign specific items to each beneficiary and select backup beneficiaries in case your first choices can't inherit. Then, choose an executor, the person who will carry out your will.

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5. Draft your will
Use one of the customizable templates available on the platform. Follow the instructions to fill in the details, specifying how you want your assets distributed and including any special conditions or terms.
6. Review and finalise
You can review the drafted will to ensure it's accurate and make changes if needed. If you have complicated issues, it's best to get legal advice. Once you're satisfied, you can legally execute the will according to the platform's rules, usually by electronically signing it with witnesses. The completed will is then stored securely online, with encryption for added security.
Points to keep in mind
  • Update your will regularly: You can keep your will up-to-date by regularly updating it on the platform to reflect any changes in your life or financial situation.
  • Communicate with family: It's also important to store your will safely and let your family know where to find it when needed.

With inputs from Centre for Investment Education and Learning content which appeared in Economic Times
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TOI Business Desk

The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.

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