The internet is the perfect tool for estate planning. You can access a wealth of information about your finances, your family, and what you want to happen after you’re gone. It’s also easy to share documents with others and make sure they are in agreement on what needs to be done.
Online Estate Planning can be defined as a way to manage your financial affairs in the digital world. It is not only about setting up an online account with your bank, but also about making sure that all of your transactions are being tracked properly and securely. Hirsh Mohindra says there are many ways to accomplish this goal, depending on how comfortable you are working in the digital space. This article will focus on two different methods: creating an Online Will and setting up an Online Trust Account.
How do I get started?
You can start by creating a will or trust online. The process is very straightforward and simple once you have an idea of what it involves. We recommend using our Online Estate Planning Toolkit as a starting point for all things estate planning related!
Creating Online Will:
Creating an Online Will an Online Will allows you to control who inherits what from your estate after you pass away.
Power of Attorney:
A Power of Attorney online is a legal document that allows you to appoint someone else to act on your behalf. It can be used for many different purposes and is often used by people who cannot travel due to health or other reasons. A Power of Attorney online will allow the person you have appointed to carry out any action required in relation to your affairs, such as if you become incapacitated or die.
Medical Power of Attorney:
Medical Power of Attorney can be done online. You must have a valid email address and password to complete the process. Once you have completed the application, we will send you an email with your Medical Power of Attorney document in PDF format (you can print or save it on your computer). You may also request a paper copy by calling our office at 1–800–878–4872. The form is available for download from this website and also from our home page under “Forms”.
Living Trust:
A living trust is a legal document that allows you to transfer your assets into a trust while still retaining ownership. The documents are usually written and administered by an attorney, but they can also be drafted online.
Advance Directive:
The Advance Directive can be done online and it is a legal document that you need to sign. It will be in your name and the person who takes care of your medical decisions, like doctors, nurses, etc., will have access to it. All they need to do is click on the link provided and fill out all the required information. This can be done by mail or through an attorney. The advantage of doing this online is that you don’t have to go through any complicated procedures or talk with anyone over the phone.
What do I need to know before completing these legal documents online?
Hirsh Mohindra says these forms are easy to complete but they do require some attention and thought. If you don’t know what’s going on, ask your lawyer or a family member who has experience with these documents.
You must understand that you are signing legal documents online. You are not signing a document in your office, or at home with the help of an attorney. When you sign these forms online, you will be making decisions about important legal matters on your own and without the assistance of an attorney or other professional advisor. If you need additional information before completing these documents then you can consult with Hirsh Mohindra.
Originally Posted: https://vocal.media/journal/how-much-estate-planning-can-be-done-online
