Best Online Wills Australia: Top Platforms Compared

Creating a will is an essential step in ensuring that your assets are distributed according to your wishes after your passing. In Australia, the rise of online will services has transformed the way individuals approach estate planning. With approximately 25% of wills in New South Wales being created using online platforms, it’s clear that many Australians are embracing this modern method. This article explores the best online will services available in Australia, comparing their features, benefits, and potential drawbacks to help you make an informed decision.

Understanding Online Wills

Online wills are digital documents that allow individuals to create legally binding wills without the need for face-to-face consultations with a solicitor. These services typically guide users through the process via easy-to-follow templates and prompts, making will creation accessible to a broader audience. As highlighted by Kaplan from Willed, the convenience of wills online australia means that users can complete their wills at their own pace, even in the comfort of their own homes.

However, while online wills offer significant advantages, they may not be suitable for everyone. For instance, complex estates or unique family situations may require the expertise of a legal professional. Hayley Condon, a Wills and Estates Special Counsel, warns that the broad language used in online templates can lead to misunderstandings, potentially resulting in legal complications down the line.

Benefits of Online Wills

There are numerous benefits to using online will services, which have contributed to their increasing popularity among Australians. Firstly, the cost-effectiveness of online wills is a significant draw. Traditional will preparation can be expensive, with legal fees often ranging from hundreds to thousands of dollars. In contrast, online platforms typically charge a flat fee, making them a more affordable option for many.

Secondly, the accessibility of online will services cannot be overstated. With 73% of respondents in a recent survey indicating that they had delayed creating a will due to perceived barriers, online platforms have removed many of these obstacles. Users can start and complete their wills whenever it suits them, eliminating the need for appointments and travel.

Common Features of Online Will Platforms

Most online will services share common features that enhance user experience. These typically include:

• User-friendly interfaces: Many platforms offer intuitive designs that guide users through each step of the will creation process.
• Customisable templates: Users can tailor their wills to reflect their specific wishes, ensuring that all assets and beneficiaries are accurately represented.
• Legal compliance: Reputable online will services ensure that their documents comply with Australian laws, providing peace of mind to users.
• Storage and updates: Some platforms offer secure storage for completed wills and allow users to make updates as their circumstances change.

Top Online Will Platforms in Australia

With numerous online will services available, it can be challenging to determine which platform best suits your needs. Below, we compare some of the leading options based on features, pricing, and user feedback.

1. Willed

Willed is one of the most popular online will services in Australia, known for its user-friendly interface and comprehensive support. The platform allows users to create a will in just 15 minutes, making it an efficient choice for those looking to get their affairs in order quickly.

Pricing for Willed starts at a competitive rate, and the platform also offers additional services such as funeral planning and power of attorney documents. Willed’s commitment to accessibility is evident in its design, which caters to users of all ages and technical abilities.

2. LegalVision

LegalVision is another prominent player in the online will space, offering a range of legal services beyond just will creation. This platform is particularly beneficial for individuals with more complex estates, as it provides access to legal professionals who can offer tailored advice.

While LegalVision’s pricing may be higher than some competitors, the added benefit of professional legal support can be invaluable for those with intricate estate planning needs. The platform also features a straightforward online process that guides users through each step.

3. Willaroo

Willaroo is an emerging online will service that focuses on simplicity and affordability. With a flat fee structure, users can create a will without worrying about hidden costs. Willaroo’s platform is designed to be straightforward, making it an excellent choice for first-time will makers.

In addition to wills, Willaroo offers services for enduring powers of attorney and advance care directives, allowing users to manage their estate planning needs in one place. The platform has received positive feedback for its customer service, ensuring that users feel supported throughout the process.

4. Safewill

Safewill is a well-regarded online will service that prides itself on its security features. The platform uses bank-level encryption to protect users’ personal information and completed wills, providing peace of mind in an increasingly digital world.

Safewill’s pricing is competitive, and the platform offers a straightforward process that can be completed in under an hour. Users appreciate the ability to update their wills easily, ensuring that their documents remain current as life circumstances change.

Potential Drawbacks of Online Wills

While online wills offer many advantages, there are also potential drawbacks that users should consider. One significant concern is the risk of contested wills. Recent statistics indicate that contested wills have increased by 25% over the past decade, with around 10% of all Australian wills facing legal challenges. This highlights the importance of ensuring that your will is clear and legally sound.

Moreover, as noted by Hayley Condon, the broad language used in online templates may leave users unaware of critical legal considerations relevant to their estate. For individuals with complex family dynamics or significant assets, consulting a legal professional may be a safer option to ensure that all aspects of their estate are adequately addressed.

Legal Considerations

When creating an online will, it is crucial to understand the legal requirements in your state or territory. In Australia, wills must be signed and witnessed to be considered valid. Most online platforms provide guidance on these requirements, but users must ensure they follow the necessary steps to avoid complications.

Additionally, users should be aware that changes in personal circumstances, such as marriage, divorce, or the birth of children, can affect the validity of a will. Regularly reviewing and updating your will is essential to ensure that it reflects your current wishes and complies with legal standards.

Conclusion

Online wills have revolutionised the estate planning process in Australia, making it more accessible and affordable for many individuals. With platforms like Willed, LegalVision, Willaroo, and Safewill leading the way, users can create legally binding wills that suit their needs. However, it is essential to consider the potential drawbacks and legal implications of online wills, especially for those with complex estates.

Ultimately, the best online will service for you will depend on your specific circumstances, preferences, and comfort level with technology. By carefully evaluating your options and understanding the legal requirements, you can ensure that your estate is managed according to your wishes, providing peace of mind for you and your loved ones.

FAQs About Online Wills in Australia