Preparing a Will and Power of Attorney are critical steps to ensure your wishes are followed and your loved ones are taken care of in the event of incapacity or passing. While many Canadians recognize the importance of these legal documents, the prospect of high lawyer’s fees can be daunting. Fortunately, there’s a practical and cost-effective solution – creating your Will and Power of Attorney online in Canada with a site such as LegalWills.ca. In this article, we’ll explore this option, its benefits, and how it works.
Understanding the Importance of a Will and Power of Attorney
Before we delve into the online option, let’s briefly touch upon why these documents are crucial:
- Will: A Will outlines how you want your assets distributed after your passing. Without one, provincial laws will determine how your estate is divided, which may not align with your wishes.
- Power of Attorney: This document designates someone to make financial and legal decisions on your behalf if you become incapable of doing so due to illness or injury.
The Traditional Approach: Lawyer’s Fees
Traditionally, Canadians have sought legal assistance to create these documents, which often involves costly lawyer’s fees. While this approach ensures personalized guidance, it may not be financially viable for everyone.
Online Will and Power of Attorney Services in Canada
In recent years, the legal landscape has evolved to include online platforms that allow Canadians to create their Wills and Powers of Attorney conveniently and affordably. Here’s how it typically works:
1. Choose a Reputable Online Service: Begin by selecting a reputable online service specializing in Wills and Powers of Attorney. Look for platforms that are based in Canada and comply with local legal regulations.
2. Fill Out Online Forms: These platforms provide easy-to-follow online forms. You’ll be guided through a series of questions to gather the necessary information for your Will and Power of Attorney.
3. Personalize Your Documents: You have the flexibility to customize your documents to suit your unique circumstances. Specify your beneficiaries, assets, and any special requests.
4. Legal Review and Approval: After completing the forms, your documents are reviewed by legal experts to ensure they meet all legal requirements in Canada.
5. Receive Your Documents: Once approved, you’ll receive your Will and Power of Attorney documents, ready for your signature.
6. Signing and Witnessing: You’ll need to sign your documents in the presence of witnesses, as per Canadian legal requirements. Detailed instructions are provided.
7. Safely Store Your Documents: Many online services offer secure digital storage for your documents. It’s essential to keep your Will and Power of Attorney in a safe and accessible place.
Benefits of Creating Your Will & Power of Attorney Online
Opting for an online service in Canada offers numerous advantages:
- Cost-Efficiency: Online services are typically more affordable than traditional lawyer fees, making essential legal documents accessible to a broader audience.
- Convenience: You can complete the process from the comfort of your home, at your own pace, without scheduling appointments or traveling.
- Legal Expertise: Online platforms often have legal experts on staff to review and approve your documents, ensuring they comply with Canadian laws.
- Accessibility: These services are available to Canadians nationwide, regardless of their location.
- Customization: You have control over the content and can tailor your documents to your specific needs.
Creating your Will and Power of Attorney online in Canada with a company such as LegalWills.ca is a practical, cost-effective, and accessible solution to safeguard your assets and ensure your wishes are respected. While traditional lawyer’s fees may deter some from taking these essential steps, the availability of online services has democratized access to these critical legal documents. It’s a proactive way to plan for the future while keeping your finances in check.
