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Yes, buying a Will online is legal.
However, like all Wills, whether you have written it yourself on a napkin, gone to see a lawyer in person, or purchased a Will online, no Will becomes valid in law until each page has been signed and dated by you in front of two independent witnesses, who also then sign and date each page of your Will in your presence.
See this article to learn the rules for (and the common mistakes) when signing a Will in Australia.
Is Will Wizard an online Will?
Yes, but not in the traditional sense.
Online Wills are usually very basic documents, 2-6 pages in length, and most online Will companies simply take your money and spit out a simple PDF template for you to sign.
These basic documents do nothing to protect inheritances long term or to minimise tax on inherited assets. Nor do they include the many other practical advantages of comprehensive estate planning Wills.
Will Wizard combines the convenience of an online Will (i.e. no in person meetings or expensive legal fees) with the quality of professional estate planning Wills (i.e. Wills that minimise risk and maximise benefit for loved ones by providing each beneficiary with the option to inherit via a testamentary trust).
Learn more about testamentary trusts here.
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If you have a specific question please submit a ticket or request a call-back :)
We’d love to hear from you.
Will Wizard Co-Founder
As always, if you have questions about the suitability of any Will for your needs and circumstances, seek independent legal advice.