Hello Estate Planning Opinion: Using technology to increase access to estate planning in 2023 and beyond

Hello Estate Planning Opinion: Using technology to increase access to estate planning in 2023 and beyond

Estate planning is essential but it can be complicated, expensive and time-consuming. Many people have limited access to estate planning services because of financial or geographical constraints. Fortunately, technology is making it easier for everyone to access these services. With the right tools and know-how, you can use technology to increase access to estate planning and help more people protect their assets. In this article, we’ll explore how technology can be used to make estate planning more accessible and why it’s so important.

What is estate planning?

Estate planning is the process of organising and managing your affairs so that your assets are distributed according to your wishes when you die or become incapacitated. You can use estate planning to:

– Designate who will receive your assets and how they will be distributed
– Appoint a guardian for your minor children
– Establish a plan for managing your finances if you become incapacitated
– Minimise taxes and expenses associated with transferring your assets
– Help loved ones practically and financially in the event of physical or mental incapacity

The best estate plan is one that is tailored to your specific needs and goals. Technology can help you create a custom estate plan that meets your unique needs. We offer a number of online tools that can help you get started, including software that allows you to create legal documents, including wills, trusts, power of attorney forms, and more.

What are the benefits of using technology to increase access to estate planning?

There are many benefits of using technology to increase access to estate planning. One benefit is that it can help you organise your thoughts and plan your estate more efficiently. Additionally, it can allow you to keep track of changes in the law and keep up with the latest planning strategies. Furthermore, using technology can help reduce the cost of estate planning by allowing you to do more research on your own and access resources that may be cheaper than using a solicitor. Finally, technology can also help make the estate planning process more accessible to people who live in rural areas or who have busy schedules.

What are some of the challenges of using technology to increase access to estate planning?

Technology can be a great tool to help increase access to estate planning, but there are also some challenges that come along with using technology.

One challenge is that estate planning can be a complex process, and it can be difficult to find reliable information about estate planning online. There are a lot of myths and misconceptions about estate planning, so it’s important to do your research and make sure you’re getting accurate information.

Another challenge is that technology can’t replace the personal touch that comes with working with an experienced real person. Our team can help you understand the complexities of the estate planning process and tailor a plan that meets your specific needs. Technology can provide some helpful resources, but it’s important to get professional guidance when creating an estate plan, this is the hybrid service which we offer.

How can you use technology to increase access to estate planning?

There are a number of ways that you can use technology to increase access to estate planning. One way is to use online resources to provide information about estate planning. This can include using social media to share information about estate planning, as well as creating blog posts or articles that provide information about estate planning. Additionally, you can use online tools to help people create and manage their estate plans. For example, there are online will-creation services that can help people create wills without the need for a solicitor or will writer. There are also online probate and estate administration services that can help people manage the estate planning process after a loved one has passed away. At Hello Estate Planning we are evangelical about using technology to increase access to information about estate planning and making good estate planning accessible to everyone.

Conclusion

In closing, technology has revolutionised the estate planning process by providing an efficient and cost-effective way to create meaningful documents that protect our loved ones in the event of our passing. The ease and convenience of creating digital estates make it quick and simple for anyone to get their affairs in order without having to pay expensive legal fees. By taking advantage of these new tools, we can ensure that our wishes are known and respected after we’re gone.