One of the best ways to transfer your wealth to your loved ones is through E-Will or digital Will. The best part of digital Will i.e. making a ‘Will’ online, is that it is secure, time-saving, and easy to make, unlike traditional Wills. Read through to get an overview of the steps involved in making an E-Will.
Simple Steps To Make An E-WILL:
Making an E-Will is easy, flexible and automated. It takes a few simple steps to write your E-Will, so as to transfer wealth to the next generation.
- Register and create a login ID on the website that offers E-Will facility.
- Make a fee-payment (typically ranges between INR 3K and 5K) through net banking or through card payment.
- Fill in your details like gender, residential status, occupation, etc
- Also, add the details about your family members the assets you own.
- Give the details of all the assets you are willing to bequeath and the names of the beneficiaries.
- Click to generate an e-Will. A rough draft would be generated as per the design given by the empanelled lawyers.
- Review the rough draft and make corrections, if needed.
- You will receive a final draft via e-mail and a hard copy to your doorstep, along with the guidelines document.
- Sign the document in the presence of at least two witnesses to make it legitimate.
Points To Remember
- Only the one who completed 18 years of age and is with a sound mind is eligible to make a Will.
- Correct details of the descendants should be filled in the Will.
- The presence of at least two adults is required to sign the formal Will.
- A Will can include all the movable and immovable assets like securities, FDs, property, bonds, insurances, digital assets, etc. All the assets should be authentic.
- The testator can revoke or cancel the Will at any point.
- It is important for the testator to keep a physical copy of the Will.
In conclusion, life is so uncertain and so it is important to make a Will, without delay, to ensure that the assets and wealth are passed on to our loved ones, after our demise. Get more information about E-Will from online providers like ArthaYantra – World’s Only Full Service Robo Advisory.
