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Daily, law firms have to take care of multiple types of documents. The firms offer their services from signing affidavits to wills and deeds. Undoubtedly, multiple hours get consumed, and seemingly never-ending task for firms also costs them many signers unattended. Eventually, they spend time and money on their businesses but still fail to offer their service to people as much as possible.
But, the recent change in the technology sphere led them to adopt a remote notarization approach. Remote Online Notarization has eased the way for signing agents by downsizing the paperwork. The elimination of paper storage and improved security in terms of identity verification is gaining traction. It creates a record that notaries can track and improve their process and gain more visitors to their business.
Major Areas Where Legal Firms are Utilizing RON
The technological advancement in notarization is allowing legal firms to work on the below-mentioned impactful areas.
Legal Actions
In litigation, all documents require both party signatures and statements. After that, the proceeding of cases, which involve court procedure, motions, arguments and pleadings, takes place. Further, for any situation that is agreement or disagreement, important documents must be notarized.
Remote online notarization services from firms play a vital role and eliminate the hour consumption in commute and appointment scheduling. This way it benefits both parties to have notarized documents in time, adhering to strict deadlines.
Estate Planning
Law firms play a crucial role in estate planning by providing legal expertise and guidance to individuals and families in the process of organizing and structuring their assets for future distribution. Estate planning involves making decisions about how one’s assets will be managed, preserved, and distributed both during their lifetime and after their death. Further, from tax planning to probate assistance, law firms help clients minimize tax liabilities associated with the transfer of assets, ensuring that beneficiaries receive as much of the estate as possible. Also, helps clients explore strategies to minimize the impact of probate on the estate.
RON solution can streamline the estate planning process by making it more convenient and efficient. This allows individuals to execute legal documents, including those related to estate planning, without the need for physical presence.
Real Estate
Law firms play a crucial role in real estate transactions, providing legal expertise and guidance to ensure that property transactions are conducted smoothly and in compliance with relevant laws and regulations. They conduct thorough due diligence to verify the legal status of a property, including checking titles and zoning regulations. Lawyers draft, review, and negotiate contracts to ensure that the terms and conditions are fair and legally sound.
Utilizing the RON allows firms to help their clients with ease of property transfer and sales by making the document execution virtual. No doubt, this will save time for both parties.
Conclusion
In conclusion, adopting Remote Online Notarization (RON) is revolutionizing the legal landscape, enabling law firms to enhance efficiency in crucial areas such as legal actions, estate planning, and real estate. By eliminating the need for physical presence, RON streamlines processes, saving time and resources for firms and clients. Moreover, integrating trusted and Knowledge-Based Authentication (KBA) verification in RON platforms ensures secure transactions, adding an extra layer of reliability to the notarization process and fostering confidence in digital legal services.
