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.
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.
FormalWill.ca’s products are priced as follows:
Customer support is available via the following channels:
Madison Centre
4950 Yonge Street, Suite 2200
Toronto, Ontario
M2N 6K1
FormalWill.ca is available in all provinces and territories.
| 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. |
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.
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:
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.
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.
Lisa has been working as a personal finance writer for more than a decade, creating unique content that helps to educate Canadian consumers in the realms of real estate, mortgages, investing and financial health. For years, she held her real estate license in Toronto, Ontario before giving it up to pursue writing within this realm and related niches. Lisa is very serious about smart money management and helping others do the same.
Save time and money with Loans Canada. Research and compare lenders before you apply. Share your experiences with Canada's top lenders.
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
Don’t pay until March with this offer from our partner, Fairstone.* Ends January 31st.
New Offer! Get up to $2,000 cashback + a $50 bonus on signing up. Conditions apply.
Earn an average 5%¹ cash back at thousands of partners and at least 0.5%² cashback guaranteed.
With KOHO’s prepaid card you can build a better credit score for just $10/month.
All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service.
When you apply for a Loans Canada service, our website simply refers your request to qualified third party providers who can assist you with your search. Loans Canada may receive compensation from the offers shown on its website.
Only provide your information to trusted sources and be aware of online phishing scams and the risks associated with them, including identity theft and financial loss. Nothing on this website constitutes professional and/or financial advice.
