Electronic estate planning does not mean you should do it alone.
In this digital age, some states are now permitting electronic wills.
What are electronic wills?
As the name suggests, these wills allow for you to sign and complete the document online.
This includes remote notarization and witnessing through secure video.
According to a recent News Chief article “Electronic wills are coming, but are they a good idea?,” electronic estate planning is not as simple as it means.
For example, Florida requires notaries to pass training in order to have the authority to execute electronic wills.
The state must also approve custodians for safeguarding the electronic will until you die and the will is submitted to probate.
You cannot assume all states will honors these documents.
Only four states have implemented laws about storing and executing electronic wills.
And no, neither Kansas nor Missouri is one of the four.
What happens if you make an electronic will and a given state does not recognize it when presented for probate?
Your assets will be distributed according to the intestacy laws of the state.
What does this mean?
Traditional last wills created by an experienced estate planning attorney and signed in hard copy before witnesses and a notary in his or her office are enjoy a presumption of authority.
Traditional estate planning also protects you and your loved ones from criminals who may seek to steal your assets.
Although electronic wills may be an option in your state, they may not be the wisest choice.
Reference: News Chief (August 23, 2019) “Electronic wills are coming, but are they a good idea?”