Currently set to Index
Currently set to Follow

The Best Online Will Kits in Canada 2022

Employment Insurance
Employment Insurance Maximum Insurable Earnings 2022
March 29, 2022
GST/HST Installment Payments and Dates 2022
Installment Payments of GST/HST
March 29, 2022
Make a will

Everything in your will is something that is truly yours. These are assets that have been designated for someone else, like:

  • insurance money.
  • The accounts are for “brokerage or investments.”
  • The money for retirement and pension plans
  • Income from bank accounts that payout when you die.

The best online will Canada has is important because we want to know about it. The most important part of estate planning is to have a legally binding will ready when you need to make one. When you die, your money, assets, property, and investments (known as your estate) will go to the people you care about. A will is the only way you can make sure that happens!

However, many Canadians don’t have a will, even though it’s important. People don’t want to talk about their death for several reasons, but another big one is that they think it will be too expensive. They come in handy when you want to make an online will.

What is an Online Will?

It is possible to make an online will with a tool. It takes between 25 and 35 minutes to make an online will. You’ll be asked a lot of questions about your estate. A legal will is made after you give the correct information.

It’s time to print out the document, sign it in front of two witnesses, and you’ve made your will. Online wills are a lot easier and cheaper than going through a lawyer.

Are These Wills Allowed in Canada?

Because a will is so important, you want to make sure that if you use an online will kit, it will be legal and valid. Whether an online will is legal in Canada depends on how it is done. If it is done correctly, an online will is legal in Canada.

Any last will, whether written by hand, completed online, or written with the help of a lawyer, must follow and meet certain basic rules. To make legal online will kits, experienced estate lawyers work with them to make templates that reflect the law in different places.

Who Can Benefit From It?

As long as you fit into one of these groups, an online job might be right for you:

  • You don’t have to deal with complicated situations or make unique rules for your beneficiaries.
  • You want to make power of attorney documents so that someone can make decisions for you if you get sick or aren’t able to make them for yourself (also called a living will).
  • You have a child or kids.
  • You own a pet. As a dog owner, you should know why you need a will.
  • You own property, have assets, or have investments in Canada, and you want to keep them that way.
  • You want to leave specific gifts for your friends and family when you die, and you want to (e.g., antiques or art).
  • When you die, you want to leave a part of your estate or a cash gift to a good cause.

Canada’s Best Online Will Kits

With the best online will-writing services, you can have a legal will ready in as little as 25 minutes, and it can be done quickly. As a result, you won’t have to pay for an estate planning lawyer. You’ll also save money on the fees.

1. Wills and Testaments

There are a lot of people in Canada who use LegalWills.ca to make wills and other documents online. It’s the country’s most popular service for this. Canada has used the platform to make legal online wills for more than 20 years.

This online will service costs $39.95 for a single will and $63.92 for a mirrored will, which is the same price for both (couples). It costs $29.95 to add a power of attorney or a living will to your account.

In LegalWills, you can get updates for free for a year. You can pay for unlimited updates and storage after that for a one-time fee.

It is available in all provinces, including Quebec.

The cost depends on your needs.

2. WILLFULL

Willful was started in 2017 and is one of the best places in Canada to get a legal online will that is legal. The company has three packages: a basic plan, a premium plan, and a plan for couples (mirrored).

Will-writing kits range in price from $99 to $250 for a willful plan for a married couple.

You can put a power of attorney and a health care directive in your last will and testament, but you don’t have to. At no extra charge, all plans come with unlimited changes.

It is now available in Ontario, Alberta, Manitoba, Nova Scotia, New Brunswick, British Columbia, and Quebec, as well as the rest of the country.

The cost is from $99 to $250.

3. Epilogue

Epilogue is an online platform in Canada that helps people make wills. It was started by two former estate planning lawyers.

If you’re an individual, their service starts at $139. If you’re a couple, it goes up to $289 for a full package of wills and powers of attorney.

Making a will in Epilogue takes just 25 minutes. They assist you throughout.

If you want, you can also make changes to your documents online for free at any time of the day.

It is available in Ontario, Alberta, and British Columbia, with plans to start in the Atlantic Provinces this year.

It costs from $139 to $289.

4. formalwill

When a lawyer came up with the idea of FormalWill, he thought of a way to make a Canadian will online. Each province and territory in Canada has its own set of will kits that are made to work with them.

People can buy a legal will for $59, a power of attorney for $39, a living will for $39, and a pet will for $59 from them. FormalWill doesn’t allow revisions to legal wills unless you pay an additional fee for “peace of mind.”

The power of attorney and living will documents on FormalWill can’t be changed.

For up to $249, you can have a lawyer look over your will or give you advice.

It is available in all of Canada’s provinces and territories.

Depending on the package you choose, the cost will be different.

5. CanadaWills

CanadaWills is a 100% free online will kit platform that only gets money from donations. Using an online service, you can also make your legal will and a living will for free. To make a will, you need to fill in all the information online, then print out a pdf version of the document, sign it in front of two people who aren’t beneficiaries, and sign it.

If you want a free option, this one is great because it’s not like the other companies on this list. It doesn’t have the same level of customer service and support.

It is available in every province except Quebec.

Conclusion

Online wills are meant for simple wills that only deal with assets, taking care of your family, and planning for your last days. In some cases, an online will kit may not be enough to handle your legal needs, in which case you should get help from a lawyer.

Online wills are a great way to make a legally binding will quickly and easily if you have simple legal needs. Remember that if you get an online will, you must print it and sign it in front of two people who aren’t your beneficiaries for it to be valid.

Salman Rundhawa
Salman Rundhawa
Salman Rundhawa is the founder of Filing Taxes. Salman provides valuable tax planning, accounting, and income tax preparation services in Toronto, Mississauga, Oakville, and Hamilton.

Leave a Reply

Your email address will not be published. Required fields are marked *

416-479-8532