By Luiara Anderton on April 11th, 2025 • 9 min read
A will is often considered the cornerstone of estate planning. It lays out your final wishes, dictates how your assets should be distributed, and provides a sense of security that your family will be taken care of. However, while wills are essential, they are far from foolproof. In fact, relying on a will alone can leave your estate vulnerable to delays, disputes, and financial losses.
The complexities of modern estate management—ranging from digital assets to changing family dynamics—demand a more comprehensive approach. Enter Lved.com, a digital estate planning platform that goes beyond the limitations of traditional wills to secure your estate’s value and provide peace of mind. In this article, we’ll explore the shortcomings of wills, the risks they pose to your legacy, and how Lved.com offers an innovative solution for a seamless, modern estate plan.
The Shortcomings of Wills in Estate Planning
A will is undoubtedly an important document, but it’s not the all-encompassing solution many believe it to be. In fact, studies show that approximately 30% of estates face disputes or complications, even with a will in place. Here’s why:
1. Wills Must Go Through Probate
One of the most significant downsides of a will is that it must go through probate—a legal process in which a court validates the will and oversees the distribution of assets. Probate can be a lengthy, expensive, and public ordeal.
Delays: Probate can take months or even years to complete, leaving your family without access to critical funds during this time.
Costs: On average, probate fees can range from 3% to 7% of the estate’s total value, significantly reducing the inheritance left for your loved ones.
2. Wills Are Public Records
Once submitted for probate, your will becomes a public document. This means anyone can access the details of your estate, including its value and the names of your beneficiaries. This lack of privacy can expose your family to unwanted scrutiny or even fraud.
3. Wills Can Be Contested
Even a properly drafted will isn’t immune to disputes. Family members or other parties may contest the validity of a will, leading to costly legal battles that can divide families and drain your estate.
4. Wills Don’t Cover All Assets
Certain assets, such as retirement accounts, life insurance policies, and jointly owned property, bypass the will entirely. Instead, these assets are distributed based on beneficiary designations or joint ownership agreements. Failure to coordinate these with your will can lead to inconsistencies and unintended consequences.
5. Wills Don’t Account for Digital Assets
In today’s digital world, traditional wills fail to address assets such as cryptocurrency, online accounts, and intellectual property. Without a plan for these modern assets, they can be lost or inaccessible to your heirs.
Real Data: The Ineffectiveness of Wills Alone
• Incomplete Coverage:
A recent study by Caring.com found that 67% of Americans do not have an estate plan at all, and many of those who do rely solely on outdated wills.
• Lost Assets:
The AARP estimates that billions of dollars in unclaimed assets go unclaimed annually because family members are unaware of their existence or unable to access them.
• High Probate Costs:
According to the American Bar Association, the average probate process costs between $10,000 and $20,000, with some estates incurring fees much higher than this.
These statistics underscore the limitations of relying on a will alone to manage your estate and protect your loved ones.
How Lved.com Solves These Challenges
Lved.com is a comprehensive digital estate planning platform that addresses the shortcomings of traditional wills. By offering a centralized, secure, and user-friendly solution, Lved.com ensures that every aspect of your estate is accounted for and easily accessible to your loved ones.
1. Avoid Probate Delays and Costs
Lved.com streamlines the estate planning process by providing tools to transfer assets outside of probate. Through features like real-time updates and secure beneficiary access, the platform ensures that your heirs receive their inheritance without unnecessary delays or legal fees.
2. Protect Privacy
Unlike traditional wills, the documents and instructions stored on Lved.com are not public records. Families can handle estate matters privately, avoiding unwanted exposure or fraud risks.
3. Minimize Family Conflicts
With Lved.com, you can leave clear, detailed instructions for every asset, reducing the likelihood of disputes. The platform also allows you to designate specific permissions for beneficiaries, ensuring that everyone understands their role and responsibilities.
4. Address Digital Assets
Lved.com is built for the modern era. Whether you own cryptocurrency, NFTs, or social media accounts, the platform allows you to store passwords, private keys, and access instructions securely. Your digital legacy will remain intact and accessible to your family.
5. Comprehensive Asset Management
From traditional investments to sentimental items, Lved.com provides a centralized location for managing all your assets. The platform also integrates with life insurance policies, retirement accounts, and other financial tools to ensure a cohesive plan.
Add Your Non-Profit Favorite Organization to Your Bequest
Beyond protecting your family and assets, Lved.com also offers an opportunity to support causes close to your heart. You can include your favorite non-profit organization in your estate plan by allocating a portion of your bequest to that cause. Whether it's a charity that supports medical research, environmental protection, or social justice, your estate can leave a lasting legacy for a cause you deeply believe in.
By specifying a percentage or fixed amount of your estate to go to the charity, you ensure that your donation will be carried out after your passing. This is an excellent way to make a difference and continue fighting for the causes that matter most to you—even after you're gone. Lved.com allows you to store these instructions securely, ensuring that your charitable contributions are made exactly as you intend.
The Benefits of Planning Beyond a Will
By combining a will with Lved.com’s digital estate planning platform, you gain several advantages:
1. Peace of Mind
Knowing that your estate is secure and organized provides immense relief for both you and your family. With Lved.com, you can rest assured that your wishes will be carried out seamlessly.
2. Financial Savings
Avoiding probate and reducing legal fees means more of your estate’s value goes directly to your beneficiaries.
3. Clarity for Your Loved Ones
Lved.com eliminates guesswork, ensuring that your family knows exactly what to do and where to find critical information during a difficult time.
4. Future-Proof Planning
As your assets and family circumstances evolve, Lved.com allows you to update your estate plan in real time. This flexibility ensures that your plan remains relevant and effective.
Real-Life Example: A Lesson in Comprehensive Planning
Consider the case of Mark, a cryptocurrency investor with a diverse portfolio. Mark had a will that outlined his intentions for his traditional assets, but it didn’t address his digital wealth. When he passed away unexpectedly, his family was unable to access his wallets or private keys.
Had Mark used Lved.com, he could have stored his digital asset details securely, along with instructions for accessing them. His family would have been spared the stress of navigating unfamiliar technology and potentially losing valuable assets.
Why Lved.com Is the Future of Estate Planning
Lved.com isn’t just a supplement to your will—it’s a transformative tool that redefines estate planning for the modern age. Here’s why it’s the ultimate solution:
• All-in-One Access:
Manage traditional assets, digital wealth, and personal documents in one secure platform.
• Ease of Use:
Designed for all levels of tech expertise, Lved.com is intuitive and accessible.
• Secure and Reliable:
With military-grade encryption and constant updates, Lved.com prioritizes the safety of your data.
• Built for Modern Families:
Whether you’re a single parent, a business owner, or a cryptocurrency enthusiast, Lved.com adapts to your unique needs.
Conclusion: Secure Your Estate’s Value with Lved.com
A will is an essential component of any estate plan, but it’s not enough to protect your assets or ensure your loved ones’ financial well-being. In today’s complex world, a comprehensive approach is needed—one that addresses modern challenges and goes beyond the limitations of traditional methods.
Lved.com provides that solution. By combining centralized storage, secure access, and cutting-edge tools for digital and traditional assets, Lved.com ensures your estate’s value is preserved and your family is cared for. Plus, you can ensure that your charitable giving continues after your passing, making a meaningful impact on the causes you hold dear.
Don’t leave your legacy to chance. Plan ahead with Lved.com and secure your estate’s value for generations to come.
Start your journey today at Lved.com—the future of estate planning is here.