THE IMPACT
What are eWills and why are they important?
An eWill is simply an electronic version of a paper Will, which is a legal document that outlines a person’s wishes regarding the distribution of their assets after their death. These electronic Wills are stored in electronic form as opposed to a physical copy and signed electronically instead of a “wet ink” signature.
Currently, only 12 states and D.C. permit eWills. That means that even though so many other important transactions and contracts can be fully completed electronically, the majority of Americans cannot complete their Estate Plans without doing it the way it’s been done for hundreds of years: with ink on paper.
Estate planning is so important because it empowers people to put a plan in place to safeguard their future and create multigenerational wealth. The widespread acceptance of eWills in every state would greatly enhance accessibility, enabling every family to start building their legacy.
THE LEGISLATION
Why are we passionate about making eWills a law?
At Trust & Will, we are passionate about making eWills legally valid nationwide because we believe that everyone should have the right to accessible, easy, affordable estate planning. We view eWills as a powerful tool that can bridge the divide between the demand for estate planning and its accessibility to all individuals. So how are we advocating for this change? We are:
Working with lawmakers and policy makers to promote the adoption of the UEWA and UEEPDA
Helping to educate the public about the benefits of eWills and other electronic estate planning documents
Establishing partnerships with companies like Notarize so that our members can complete their estate plans entirely from the comfort of their own homes.
Overall, nationwide availability of eWills could have a significant impact on the world. The option of electronic wills would allow estate planning to be accessible and affordable for everyone regardless of their income or location. It would also help reduce the risk of fraud and ensure that people’s wishes are accurately reflected in their Wills. And most importantly, it would remove a barrier that discourages people from taking an important step in leaving their legacy.
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Commonly asked questions
Because of this, states that are pioneering eWill laws will typically pass RON and eWills together, or one right after the other. It is not likely for a state to allow eWills without allowing for remote online notarization as well.
Want more eWill news?
This page will be updated regularly as laws change and more states enact positive eWill legislation.
Want more eWill news?
This page will be updated regularly as laws change and more states enact positive eWill legislation.