Seedwills Bring Digital Will-Writing closer to Nigerians families

Seedwills Bring Digital Wills to Nigerian Families

The Nigerian estate planning startup Seedwills uses technology to prepare a Will, making the process more accessible via the platform.

Nigerians often postpone the question of how they will distribute their property after their death. It can create a lot of trouble for a family because of the lack of clear instructions about the distribution of their assets. The Nigerian technology startup Seedwills wants to make one stage of this process easier through digital estate planning.

Founded by Kelvin Ojomo, Seedwills provides users with a platform where they can prepare personalised Will documents via a guided process.
As BusinessDay reports, users need to provide personal information about themselves, their family members and assets. The platform can generate a document in approximately 20 minutes

Why is estate planning so important?

Estate planning is often seen as something reserved for the wealthy or older people, which explains why many people postpone estate planning. However, it does not mean that people who have dependants, property, savings or a business do not need to plan anything.

If a person dies without a Will, there is likely to be a complicated procedure concerning the estate. Besides, unclear expectations regarding who the assets belong to can lead to quarrels between relatives and create additional emotional and financial difficulties for the family.

During an interview with Nairametrics, Ojomo discussed how misunderstandings concerning cost and complexity discouraged people from preparing Wills.
He explained that the idea behind Seedwills was to simplify the initial process and encourage more Nigerians to consider documenting their wishes before it becomes urgent.

Benefits for families

Having a Will allows family members to understand what the person wants concerning their property and this can reduce uncertainty among family members

There are several packages offered by Seedwills, including the one combining preparing a Will and a Power of Attorney. According to Seedwills, users who have a complex family or business life must seek professional legal consultation instead of using an automated service.
Technology makes estate planning easier
Trust matters when people share financial information
Awareness can encourage more Nigerians to prepare Wills