I thought I needed a lawyer from my state to write my will, but I was able to do it online in minutes for a fraction of the cost
- After years of procrastination, I used Trust & Will to create estate planning documents that explain my final wishes and protect my family if I die.
- The process of using Trust & Will was simple and easy to follow. It left me with a will and other important estate planning documents, including a living will and power of attorney.
- The cost of Trust & Will was a fraction of what human attorneys charge, and I was very happy with the self-service experience of creating my will online.
- Use Trust & Will to create a legal will online in minutes »
A will or trust is an important document that tells the courts, your family, and anyone else what should happen with your money and other assets if you die.While people with few assets and responsibilities may not have to worry about a will, anyone with children, other dependents (including pets), or assets (such as property, retirement accounts, or savings) should certainly take the time to lay out a plan for what should happen to their estate. Advertisement
Here's an inside look at exactly how I used online service Trust & Will to put a will together myself.
How I picked Trust & Will
Hiring a lawyer to put together your will seems to be the common wisdom when it comes to estate planning. Because each state has different laws and every household is unique, I was under the impression I had to hire someone from my state to put together a custom will or trust for myself (and my wife).Trust & Will flipped the script on that idea. This company has custom templates for each state, so I knew my California needs would be met. Everything else would be more or less the same.
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The documents I created
I created four documents for myself and my wife using Trust & Will. The final documents we have are a Last Will & Testament and healthcare documents explaining what should happen if one of us is alive and can't speak for ourselves.A will, as most people know, is a form that explains who gets what if you die. In my case, I gave everything to my wife and she gave everything to me if one of us bites the dust before the other. Advertisement
If we die at the same time, our assets are divided evenly among our three children. The will also explains who takes guardianship of our kids and pets if we are not here to care for them ourselves.
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To round things out, we have HIPPA forms and power of attorney forms that allow my wife and I to access each other's medical records and make legal decisions for the other if warranted.
I could have added a trust or schedule of assets, and can still tack one on to my estate plan, but they seemed like overkill for my needs.
Online experienceThe online experience was so easy that nearly anyone with basic computer chops can do it. If you can navigate email programs and shop online, you have enough computer skills to create a will or trust with Trust & Will.Advertisement
The software did a good job of tactfully asking some uncomfortable questions. While you may not want to plan your own funeral, it's a good idea to explain what kind of funeral you want. Due to my beliefs, I want a traditional Jewish burial and specified that in my will.
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Does Trust & Will make sense for you?
If you need a trust or a will, Trust & Will does a good job at covering what's most important.
For households with extremely complicated assets or family situations, a custom job from a lawyer may be prudent. But for most people, this online process should more than suffice.If you've been putting off getting a will or trust, this is an easy way to do it without breaking the bank.Advertisement
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