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HOW CAN YOU CREATE AN ONLINE WILL?

Today, making a will has become easy, especially with some online platforms offering 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.

Text: Centre for Investment Education and Learning (CIEL)

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SELECT A PLATFORM, REGISTER ONLINE

SELECT A PLATFORM
Start by identifying a credible online service. The platform should have an intuitive interface, detailed templates and secure document storage.
 

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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LIST ALL YOUR ASSETS, APPOINT BENEFICIARIES

Give details of assets
Next, list all your assets, including properties, investments, bank accounts, insurance policies and valuable possessions.

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 customizable templates provided on the platform. Fill in the details using the given instructions, detailing asset distribution and any special terms.

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REVIEW YOUR WILL DRAFT CAREFULLY

The drafted WILL can be reviewed for precision and correctness, and 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. The completed will is stored securely online, with encryption options for protection.

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KEY POINTS TO REMEMBER

1) You can regularly update the will using the platform to ensure that it remains relevant with changing times and financial situations.
2) It is crucial to store the will securely and communicate with the family about its presence and location.