Estate planning has never been so simple. That's what Willful offers - a straightforward, budget-friendly, and user-oriented solution that takes the hassle out of estate planning and it gives Canadians full control over their end-of-life plans.
In this article, we'll uncover how Willful works and what it has to offer. This is your one-stop-shop for a comprehensive "Willful review". So, let's dive right in and see why Willful might be just right for you.
Overview of Willful
Willful, an up-and-coming fintech company, is changing the way we approach end-of-life planning. It allows Canadians to manage their end-of-life planning, without needing to work directly with a lawyer. Available in eight provinces, Willful is paving the way for accessible online wills legal for a large portion of the population.
You might ask, "How does Willful make this happen?" The platform is designed to help anyone with their will creation process. With Willful, you can create a basic estate plan ready in as little as 15 to 30 minutes! And if you need some extra help with your legal documents, the Willful Learning Center is filled with handy tutorials and resources on everything you need to know about legally binding wills and estate planning.
Creating a Legal Will with Willful
Willful's platform takes you through the process of creating a will in 15 - 30 minutes. As long as it two witnesses, your online will is just as legally solid as any of the other Canadian legal wills.
Picture this: a document that evolves with you. That's what you get with Willful. You also save a hefty $200 to $850, which you'd typically pay for a traditional lawyer to draft your will. Consider the extra money for other expenses, such as a life insurance policy, or saving for your child's education.
Pricing and Plans: A Closer Look
Willful offers three pricing plans, ranging from $99 to $329, catering to individuals, couples, and families with varying estate planning needs.
Let’s dive deeper into each plan to help you determine which one best fits your needs.
The Essentials Plan, priced at $99, is a basic Willful will planning option that includes:
- Asset distribution
- Executor naming
- Guardianship selection
- Funeral wishes
This plan allows you to outline your final wishes and manage attorney documents in a simple and affordable manner.
If you’re looking for a straightforward solution to manage your property without setting up a power of attorney, the Essentials Plan is perfect for you.
Imagine a $189 plan that offers you more than just the basics. We're talking power of attorney for personal care and property, and emergency medical planning, all in the Premium Plan package. Think about it this way: you're not only laying out how to distribute your assets, but you're also designating a trusted person to handle your care and possessions during unexpected emergencies. It's comprehensive planning, made possible with a single package.
This comprehensive solution offers peace of mind and prepares you for unexpected situations.
The Family Plan is ideal for couples and households, offering Premium Plan features for just $329, and allowing you to add up to six additional people to the plan, including power of attorney documents, at a discounted rate. Not only does this plan cater to couples, but it also streamlines the estate planning process for the whole family.
Exclusive discounts are available for the Family Plan, such as a 10% discount using a specific link and a 15% discount on the Premium Coverage for Families Plan, saving you $49.35.
Pros and Cons of Using Willful
Willful comes with a bunch of upsides, like its pocket-friendly pricing, easy access, and a user interface that's a breeze to navigate.
But there's no sugarcoating it, Willful does have some limitations. It's not yet available across all of Canada, and for those tangled in complex financial issues, it might not be the best fit. If your estate plan's like a complicated puzzle, getting a lawyer for independent legal advice is the safest way to go.
However, when you stack up the pros and cons, the scales tip in favour of using the Willful platform. It's a modern, hassle-free, and wallet-friendly toll for creating legal wills and sorting out your estate plan, giving you full control of your end-of-life planning.
Legitimacy and Security of Willful
When it comes to being legitimate and secure, Willful's got your back. It's approved by the Law Society of Ontario, which oversees lawyers and paralegals in Ontario. This seal of approval means you can trust Willful to be a reliable tool for creating legal wills.
But it doesn't stop there. Willful is serious about keeping your data safe, too. It uses AES-256 encryption, like a digital safe, to protect your information in line with Canadian privacy laws. This shows how committed Willful is to securing your personal data while you use their platform.
And let's not forget about its online reputation. Willful's got an impressive 4.6/5 rating on Trustpilot, based on over 600 Willful review. All the more reason to use the Willful platform to create and manage your wills.
Willfull Vs Other Will Services
When comparing Willful to other will services like LegalWills.ca and Epilogue, there are differences in pricing, longevity, and user-friendliness to consider.
- LegalWills.ca may have an edge when it comes to cost (a discounted price), reliability, and flexibility.
- Willful stands out for its modern design and ease of use.
- Epilogue’s basic package costs $139 ($269 for a couple), making it a more expensive option compared to Willful.
Ultimately, the decision of which affordable estate planning solution and final wishes service to use depends on your individual goals. Willful provides a competitive alternative with its user-friendly platform, affordable pricing, and comprehensive features. In conclusion, each will service has its own unique offerings, and it’s essential to choose a complete estate plan, one that best fits your estate planning needs.
Frequently Asked Questions
Is Willful legal in Canada?
Yes, online wills made with platforms like Willful are legal in Canada as long as they are printed, signed, and witnessed correctly.
Is Willful available in all Canadian provinces?
Willful is currently available in eight Canadian provinces: Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, Nova Scotia, New Brunswick, and Quebec.
How long does it take to create a will using Willful?
The online will making process with Willful only takes 15-20 minutes - so you can have peace of mind in no time.
Can I make changes to my will after creating it on Willful?
Yes, you can make changes to your own will after creating it on Willful - all plans allow you to make unlimited updates to your legally binding will.
How secure is my data when using Willful?
Willful takes your data security seriously, providing AES-256 encryption to ensure your information is kept safe and compliant with Canadian privacy laws.