Online Wills - Learn More Pros and Cons Sheffield
Deciding what happens to your assets when you are gone is a process that requires a lot of thought, preparation and planning – after all you are making decisions that can have a major impact upon your loved ones when you die. Although there is a trend in modern times for increasing numbers of people to make online wills, this is not a course of action to be recommended.
It is a fact that these days, more wills are being contested than ever before as the rise in property values means that it is now worth the expense of engaging a solicitor when there is a chance of benefitting from valuable assets. Solicitors are more commonly using a range of arguments to prove that the person who signed the will either failed to understand the document, did not supply the relevant information or did not even sign the will itself. These arguments are all too easy to put forward in the case of an online will.
When you visit a solicitor to draw up a will, as well as the resulting legal document there is also substantial amounts of information and evidence left on your case file. This means that anyone contesting your will would find it difficult to persuade the court that the document was not your true intention.
Online wills are open to interpretation and may therefore be inadvertently drawn up incorrectly. Some questions can be difficult to understand fully – for example you may underestimate the value of your estate or struggle to answer queries about your children in complex family situations where step children or fostered children may be a consideration. It is for these reasons that a discussion ought to take place with a qualified professional before drawing up a will, and only then can you rest assured that all of your needs are being met and any inheritance tax will be limited.