Every Canadian should have a will, but sometimes it can be a hassle to visit a lawyer to get one created, not to mention the cost that comes with such services.
FormalWill.ca is an estate planning website that allows Canadians to create their wills completely online, affordably and within minutes. The company was founded by a Canadian lawyer to help people create their own legal wills online without the need to visit a lawyer in person. It’s an inexpensive way to generate a legal will and is legally binding when appropriately signed according to Canadian law. The wills generated by FormalWill.ca are tailored to ensure that they meet the laws in each province and territory in Canada.
If you are married, have children or pets, have assets that you want to make sure go to the right people, or are elderly, then a will is absolutely necessary. FormalWill.ca makes it incredibly easy to quickly and affordably create a will that will outline your wishes.
Let’s take a closer look at FormalWill.ca to see if this is the right platform to create your will.
What Services Does FormalWill.ca Offer?
FormalWill.ca offers an online platform to generate last wills, living wills, power of attorneys, and even pet wills.
We’ll get into more detail regarding the exact features of each product further below.
How Much Does It Cost To Make A Will With FormalWill.ca?
FormalWill.ca’s products are priced as follows:
- Will: $59
- Power of Attorney: $39
- Living Will: $39
- Pet Will: $59
Pros And Cons Of Using FormalWill.ca vs. A Lawyer
Pros
- System developed by Canadian lawyers. The platform was designed by Canadian attorneys, ensuring that the documents created are legal and in accordance with the appropriate provincial or territorial law.
- User-friendly interface. Using FormalWill.ca is easy thanks to its streamlined layout.
- Affordable. Save on legal fees by drafting your will online.
- Instant document. Once you’ve gone through the steps and questions, your document will be automatically and instantly created with a backup copy emailed directly to you
- Availability. FormalWill.ca is available to Canadians all across Canada.
Cons
- Does not cover assets outside of Canada.
What Support Is Available?
Customer support is available via the following channels:
- Phone: 1-800-734-8751
- Email: CustomerCare@FormalWill.ca
- Website contact form
- Mail:
Madison Centre
4950 Yonge Street, Suite 2200
Toronto, Ontario
M2N 6K1
Which Provinces Does FormalWill.ca Provide Its Services?
FormalWill.ca is available in all provinces and territories.
Overview Of Key Features
| Product | Price | Features |
| Will | $59 | Protect your loved ones and your assets. |
| Power of Attorney | $39 | Appoint someone to handle your financial affairs while you are still alive but are unable to do yourself. |
| Living Will | $39 | Detail your health care wishes and choose someone to make health care decisions for you if you are unable to do so. |
| Pet Will | $59 | Appoint a guardian to take care of your pet(s) in the event that you pass away or are incapacitated. |
| Lawyer Network | -$249 to review of your Last Will and Testament -$149 to review of your Power of Attorney -$149 to review of your Living Will | Get legal advice from a licensed lawyer. |
Is FormalWill.ca Safe?
Yes, FormalWill.ca is safe and secure. The information that you insert into your will or power of attorney is sensitive, so you don’t want it to get into the hands of the wrong people. FormalWill.ca takes steps to protect your security and privacy by encrypting your information during transmission.
Further, your will must be created in compliance with Canadian law in order for it to hold water. FormalWill.ca was created by Canadian lawyers, so all documents created are customized to each province or territory that they are being created.
How Do You Create A Will With FormalWill.ca?
Creating your will with FormalWill.ca is quick and easy and can be done in just a few minutes. Just follow these steps to get started:
- Sign up to FormalWill.ca using your email address and choose a password.
- Complete the online order form.
- Choose the product you want and make your payment through the secured and encrypted payment system.
- Answer a few questions online, such as who you want to leave your belongings and estate to, and who to appoint as your executor.
- The information provided will be analyzed.
- Your will is automatically and instantly generated.
- You’ll be provided with instructions on how it is to be signed to make it legally binding.
- Print off your document and sign the instruction letter.
While a lawyer is not required to create your will, you will need three signatures to make it legally binding, including yours and those of at least two other adults who sign the will at the same time in the presence of each other. Be sure to keep the original copy of the signed documents stored safely so the executor can easily access them.
Is FormalWill.ca Right For You?
If you are looking for a tool that will allow you to create a living will, last will, or power of attorney completely online from the comfort of your home, then FormalWill.ca may be right for you. It may also be suitable if you are looking for a more affordable alternative to having a will created by a lawyer in person, or if you have a simple estate and want to make sure that all your loved ones are appropriately taken care of after you pass.
