Comparison of Online Will Making Services

Here is a comparison of 4 Will Writing services –

HDFC e-will
WillJini com
Aviva Will Writing Services
Nexgen Estate Planning Solutions

How do I know if i have made a Comprehensive Will

Beneficiaries – Does your will mention all the beneficiaries of your estate? You have to clearly write down who will inherit the assets you leave behind and their personal information such as name, age, address and phone number so that there is no ambiguity.
Guardians – If you have dependents, it is important to write down who will their guardians be when you are not around. Minor children cannot get involved in business transactions. The guardian can act as the caretaker for the assets till your children become adults. You have to think carefully before selecting a guardian and take a decision in the best interests of your dependents. It is better to list down at least two guardians.

You would have created assets over a period of time. Your family is financially dependent on you. It is vital to ascertain how the family is financially protected and how the assets are distributed once you are no more. If you do not have an estate plan in place, the court will make decisions which may or may not be in your or your family’s best interests.

Estate Planning

Estate is everything that one owns viz. assets & owes viz. liabilities and responsibilities. Estate planning is the act of preparing for the transfer of a person’s wealth and assets after his or her death. Assets, life insurance, pensions, real estate, cars, personal belongings, and debts are all part of one’s estate. Estate plans must be written, signed, and notarized by the person who owns the estate.

Joint Will or Separate Wills

A last will and testament is an important document giving evidence to an individual’s intentions regarding the passing of property upon death. Failure to create a will can have unintended consequences whereby property inadvertently passes to unintended beneficiaries.

How Often Should I update my WILL

A Will makes succession less complicated and simpler. However many family members do fight and challenge Wills. As per Estate planning experts, this is mainly because of loop holes, overlaps or contradictions in the document arising due to people failing to revise and update their Will periodically.

Can setting up a Trust suffice the necessity of Estate Planning

One of the most integral part of financial planning is Estate Planning.  It ensures that in the event of estate owner’s death, the survivors get access to his/her assets without any disputes and legal issues, in the proportion decided by the estate owner. Wills and Trusts are important vehicles for effective estate planning.

Power of Attorney

A power of attorney is a legal document that allows you to appoint another person to take control of your affairs should you become unable to effectively do so or are in another city and have logistical problems on making and implementing decisions.

Make it easy for your legal heirs- Outlook Money Issue (June 2016)

The passing away of a loved one always creates an emotional and financial trauma, especially if they have suffered a
lot.

What legal matters are to be considered before writing a Will?

According to the Indian Law, “Will is the legal declaration of a person’s intention which he wishes to be performed after his death and once the Will is made by the testator it can only be revoke during his lifetime.” A person cannot give his ancestors property in the form of a Will but he can make a Will only of his Self-Acquired property .