Surprisingly, the majority of US citizens do not have any type of will or estate plan and an overwhelming percentage do not hire a lawyer in civil cases. Considering that there are + 320 million people in the US, there is a large need for advancements that make estate planning easier and more convenient. What does that mean for you?
Will probate issues rise?
What about the impact of undue influence and lack of capacity? Will witnesses being present at a video-conference suffice?
How will electronic will services guard against misuse, including forgery? What proof will your clients need to challenge misuse?
How do you resolve construction issues?
Can it be valid in jurisdictions that don’t have electronic wills?
Will e-wills be usable? Will clients actually begin to use them for estate planning? Will your country recognize them?
William T. Hennessey, Gunster, USA Anthony Partridge, Ogier, Cayman Islands