Beware Of Online Will Services
Will writing revenue is marginal so as you would expect the level and integrity of their online security is open to question. Realistically even the largest legal firms in the country will not have that sort of resource or infrastructure to provide adequate online data transfer protection.
The Identification of the testator is also a major issue. Most professional Will Writers will meet the customer face-to-face and ask for photo-ID. This is a process that is impossiblel on the internet so therefore the potential for impersonation fraud is a real prospect.
The quality of online Wills is also in question. Most Online Will applications travel a structured and narrow path of generic questions. Therefore they fail to offer intuitive advice as they attempt to race through the process in as few questions as possible. The result is a basic one or two page document that is impersonal and limited in its functionality or longevity. Trusts and IHT planning also tend not to feature which may result in unnecessary Estate taxation of 40%.
To conclude, always be careful of supplying sensitive information on the internet, particularly to unknown companies. Think carefully and get professional advice as a Will is your lasting legacy. Taking a cheap Online Will and saving £20 upfront could mean your Estate ends up with a 40% tax bill on your death. A Will is a legally binding document and the online Wills will act directly on your instructions without any sense checks.
For more information on our Will writing services please call us on 020 7993 2044.
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