The traditionally complex and expensive world of estate planning is undergoing a dramatic transformation, thanks to technology. What was once the exclusive domain of lawyers’ offices and lengthy consultations is now becoming increasingly accessible to the general public through digital platforms.

Online estate planning platforms are changing how people create and manage their wills and other end-of-life estate planning documents. With user-friendly interfaces and guided processes, these platforms are making estate planning more approachable and understandable for the average person.

“We’ve seen a significant shift in how people approach estate planning,” says David Kaplan, co-founder of the Australian online will writing and estate planning service Willed. “Technology has removed many of the traditional barriers — cost, time, and complexity — that previously prevented people from creating a will. What might have taken weeks and cost thousands can now be completed in under an hour at a fraction of the price.”

Breaking Down Barriers

The democratisation of estate planning through technology is addressing several key challenges:

1. Cost: Online platforms typically offer services at significantly lower prices than traditional legal services
2. Accessibility: People can create wills from home, at any time that suits them
3. Understanding: Digital platforms provide educational resources and step-by-step guidance
4. Flexibility: Online wills can be updated more easily as circumstances change

Security and Legitimacy

While making estate planning more accessible, digital platforms maintain high standards of security and legal compliance. Documents created through reputable online platforms are just as legally valid as those prepared by traditional methods, provided they meet the same legal requirements for witnessing and signing.

The Future of Estate Planning

The modernization of estate planning represents more than just technological advancement. It’s about ensuring that more Australians have access to this vital service. With younger generations increasingly comfortable with digital solutions, online estate planning is likely to become the norm rather than the exception.

“The future of estate planning is about combining technology with expertise to create accessible, user-friendly solutions,” says Kaplan. “This isn’t about replacing traditional legal services, but about making estate planning available to everyone who needs it.”

This digital transformation is helping to address a crucial need since a huge percentage of the adult population don’t have a valid will. By removing traditional barriers to entry, technology is helping more people take this important step in protecting their family’s future.