Digital Assets – What You Really Need to Know
Have you thought about how your digital assets would be dealt with after your death? It is something which you can easily overlook when you are making a Will. It is easy to think about houses you own, bank accounts and personal property. However, digital assets are often overlooked. This can be a huge mistake with serious consequences. Digital asset estate planning has become an essential part of the process of making a Will.
The age of the internet has brought us many things. Online banking, Facebook, eBay, Instagram, Cloud Computing. These are just a few of the many assets of the digital world which were unheard of not so many years ago. We used to make provision for who would get our photo albums when we died, but now we have potentially hundreds of thousands of files in the cloud. It is a whole different world that we live in now.
Digital assets and your Will
Digital asset estate planning is now relevant for most people making a Will. Your digital legacy will live on way past your death. In theory, your digital assets will live forever. It is vitally important that you consider digital asset estate planning when you are making your Will. Continue reading
How to write a Will at LegalWills.co.uk
Most people know that they need a Will, but according to recent statistics, as many as 30 million UK adults have not made a Will. According to this report; more than half of UK adults don’t have a Will, but only ten percent of those have not even considered it.
This report breaks down the numbers of people who do not have Will. Continue reading
Why do I need to pay to create a Will using your service, when I can get a free one downloaded from the internet, or buy a blank Will kit from WHSmith for a couple of pounds.
We get this question a lot, and it is sometimes difficult for people to fully understand the difference between using an online Will writing services like the one at LegalWills.co.uk compared to using a blank Will kit.
To illustrate the difference, we have highlighted just 20 ways in which using a blank Will kit can lead to a disaster. Because, ironically, the simpler the Will kit, the more difficult it is to write a well drafted Will. You may find it interesting that these were culled from an initial list of 45!!
1. You don’t check where the Will kit came from and who created it.
Before you download a free Will kit template, stop and think about who actually prepared the template. Nowadays anybody can set up a professional looking legal website for free using WordPress in about 2 hours. Continue reading
I’d like to start by defining some terms. An Online Will service allows you to step through an interactive interview on the internet, at the end of which a document is generated. This document should then be printed and signed in the presence of two witnesses to create a legal Last Will and Testament. There is no such thing as an “online Will” – any digitally stored or scanned document is not legally admissible to probate. A document created through an online Will service still needs to be printed and signed to make it legal.
A DIY Will Kit is a blank form kit that you might buy from Amazon, or WHSmiths. It is generally a form with some typed clauses and white spaces for you to handwrite your details. They sometimes come with a disk that lets you type in your answers.
This image is from a genuine Will kit that we purchased for £10 from a Continue reading