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Tag: online wills

The Importance Of Choosing A Reputable Online Will Service

Creating a will is an important part of estate planning. It ensures that your assets are distributed according to your wishes after you pass away. A will also protects your loved ones from having to deal with the complexities of probate court. Many people today are choosing to create their wills online, as it offers convenience and cost savings compared to using an attorney. However, it is very important to choose a reputable online will service, as there are many unscrupulous companies out there.  

Accuracy and Security 

The most important reason to select a reputable online will service is accuracy. Your will must be drafted correctly to ensure that your wishes will be carried out. An online will service should be able to provide you with a document that meets all legal requirements in your state. Additionally, the service should use encryption technology to protect your information and guarantee that it remains private.  

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Customer Service 

They also provide excellent customer service. The company should be available to answer any questions you have and offer assistance when needed. It is also important to choose an online will service that provides an easy-to-use interface. The company should also offer a money-back guarantee if you are not satisfied with the service.  

Costs 

It is important to consider the cost. Many companies offer free services, but these may not provide the same level of accuracy and security as a paid service. Additionally, some services may offer additional features for an additional fee. It is also important to check for any hidden costs, such as processing fees or state filing fees. 

In New Zealand, when is it possible to read a will?

A Will is confidential information that belongs to the Will-maker. It takes effect only upon the death of the Will-maker. Without the Will-maker's consent, no one is entitled to a copy of the Will before it expires. The Lawyers and Conveyancers Act 2008 requires lawyers to keep client information confidential. However, a person's property lawyer or property manager can request a copy of the Will. 

Property attorneys and property managers can get the court to approve a new Will in NZ. They also need to be aware of any existing Wills in case they accidentally sell or dispose of an asset that was specifically given under the Will.

Will in New Zealand

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You may want to give a copy of your Will to certain people when you are still alive. These people could include your spouse, partner, executors, and others you have named in the Will. You may also wish to inform them who have the Will. This will save your family time searching for your Will after your death.

Distribution of the estate

Many people believe that the estate proceeds can be distributed as soon as probate has been obtained. It is not always true. In New Zealand, it is best to wait approximately six months before you distribute the estate. This gives executors time to notify them of any estate claims, property sales, and estate matters. 

In most cases, if there is a claim on an estate, the claimant must inform the executor within six months after the grant of probate. Executors could be held responsible if the claim is filed within six months of distribution. In certain cases, distributions can be ordered back into an estate.

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