Neutral impactEconomy
Online wills are cheaper and easier. But can a ₹499 will protect a ₹5 crore estate?
Mint 59 min ago·7 Sept 2026, 9:43 am
Online platforms have made creating a will significantly more affordable and accessible for the general public. For a flat fee, individuals can draft a basic legal document to distribute their assets after death. This digital shift offers a convenient alternative to traditional, often expensive, legal assistance. However, the low cost of these services raises important questions about their thoroughness and ability to handle complex financial situations.
For investors, the primary concern is not just the price tag but the quality of the advice. A cheap online will might fail to account for specific assets, such as foreign investments or complex business holdings, or may not properly establish ownership. This oversight can lead to costly legal battles and delays in asset distribution. Therefore, investors must carefully evaluate whether a low-cost solution adequately addresses their specific estate planning needs.
Moving forward, the market will likely see a growing demand for hybrid models that combine low-cost digital tools with professional oversight. Investors should watch for service providers that offer basic templates alongside optional expert reviews. The key takeaway is that while technology simplifies the process, ensuring the document is legally sound and comprehensive is essential for protecting one's wealth and providing for loved ones.
Excerpt from Mint
Online platforms can help create a will for as little as ₹ 499, while assisted services can cost ₹ 30,000 or more. But the question is not just how much you pay to make a will—it is whether you have disclosed every relevant asset, established ownership correctly and planned for potential disputes. Making a will is…Read the original at Mint
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