The New York Law Journal’s recent article, “Wills in the Digital Age” asks if an e-will, which exists only in a computer file, is a legal estate planning document.
Only Nevada currently has a statute governing these wills, and the governor of Florida recently vetoed a proposed electronic wills statute. However, some state courts have addressed the issue. For example, the Tennessee Court of Appeals affirmed the admission to probate a will written with a word processing program and signed by both the witnesses and the testator typing their names at the end of the document.
But how is the will executed? How is it stored and how is the integrity of the document assured? How do you revoke an electronic will or admit it to probate? There’s also the issue of electronic signatures—from scanning an image of a signature to encryption.
What happens when the witnesses and the testator aren’t in the same physical space but are connected via the Internet? The problem is that the testator doesn’t know what the witness is viewing.
As far as storing and retrieving the electronic will, some say it will fall under the provisions of the laws governing fiduciary access to digital assets.
There are numerous questions and obstacles to the e-will, and not very many answers. However, with smart contracts and other technology, we will likely get there one day.
The Uniform Laws Commission has appointed a committee to draft a uniform electronic wills act—because it looks like the electronic will is inevitable.
For now, in California, it is important to execute your Will and other estate planning documents in person and on paper due to the formalities required in the probate. Failure to comply with these formal requirements could invalidate your plan.
One of the main goals of our law practice is to help families like yours plan for the safe, successful transfer of wealth to the next generation. Call our office today to schedule a time for us to sit down and talk about your estate plan, where we can identify the best strategies for you and your family to ensure your legacy of love and financial security. Our office is located in Santa Ana, CA but we serve all of California including Irvine, Orange, Tustin, Newport Beach, and Anaheim.