Future estate plans are expected to be inspired greatly by electronic wills. More and more people are lately getting interested in electronic wills, especially after the passing of the Uniform Electronic Wills Act by the Uniform Law Commission.
So, if you are also interested in electronic wills and wonder whether it is a good idea for you or not, this article has got you covered.
Electronic Wills – A Good Idea?
After the onset of coronavirus, people have shifted to the “electronic” modes of doing things. Many people have started questioning the possibility of carrying state planning electronically.
Apart from that, physically signing the wills seem an outdated concept and thus, to some extent, is getting replaced by electronic wills.
Process Involving Electronic Wills
You have the option of creating a will and then forwarding those documents to an online notary. You would be required to engage in a video chat with the notary before receiving notarized copies from the notary. The copies would then be stored on a hard drive.
Though seemingly simple, the process yet considered skeptical by many lawyers who still question the legitimacy of electronic wills.
Challenges Presented by Electronic Wills
- Attorneys believe that electronic wills have immense room for undue influence
- There can be many issues regarding a person’s mental capacity and freeness of mind while signing the documents
- Old-aged people are particularly at risk of inappropriate influence
- People with more assets are also at risk of later claims of undue influence
- You can face various challenges if you want to disinherit an individual
Contact a Knowledgeable Attorney
Despite the tremendous challenges of electronic wills, a knowledgeable estate planning attorney can help you with the process and review the documents for you.
It is predicted that electronic wills are likely to become more common in Pennsylvania as well as other states. if this is something you are interested in, contact Keystone Asset Protection and Estate Planning today and choose the best for yourself.