In today’s digital age, it’s now possible to create a will or trust online. But with so many options available, how do you know which one is the best? In this comprehensive review, we’ll explore the top online will and trust makers, comparing their features, pricing, and customer satisfaction ratings. Whether you’re looking to create a simple will or a complex trust, we’ve got you covered. So, let’s dive in and discover the best online will and trust maker for your needs.
What is an Online Will and Trust Maker?
Definition and Explanation
An online will and trust maker is a software application that allows individuals to create legal documents such as wills and trusts. These tools are designed to simplify the process of creating these important documents, making it accessible to a wider range of people. With an online will and trust maker, users can input their personal information, specify their wishes for the distribution of their assets, and create a legally binding document without the need for a lawyer or other legal professional.
One of the key benefits of using an online will and trust maker is the cost savings. Traditionally, creating a will or trust required hiring a lawyer, which can be expensive. Online will and trust makers offer a more affordable option, allowing individuals to create these documents for a fraction of the cost.
Another benefit of online will and trust makers is the convenience they offer. Users can create their documents from the comfort of their own home, at a time that is convenient for them. This eliminates the need to schedule appointments with lawyers or other professionals, and allows individuals to create their documents at their own pace.
However, it is important to note that online will and trust makers are not suitable for everyone. Complex estates or unique circumstances may require the assistance of a legal professional. Additionally, some states may not recognize wills created using an online will and trust maker. It is important to carefully research the options available and consult with a legal professional if necessary before using an online will and trust maker.
Advantages and Disadvantages
Advantages:
- Convenience: With an online will and trust maker, you can create your will or trust from the comfort of your own home, without having to schedule an appointment with an attorney or travel to their office.
- Cost-effective: Online will and trust makers often charge a flat fee for their services, which can be significantly less expensive than hiring an attorney.
- Customization: Online will and trust makers offer a range of templates and customization options, allowing you to create a will or trust that meets your specific needs and preferences.
Disadvantages:
- Limited legal advice: While online will and trust makers can provide guidance and instructions, they cannot provide legal advice. If you have a complex estate or financial situation, it may be best to consult with an attorney.
- Technical issues: Depending on your computer skills and the platform you are using, you may encounter technical issues when creating your will or trust online. It is important to ensure that you have a reliable internet connection and that you follow the instructions carefully to avoid errors.
- Lack of privacy: When creating a will or trust online, you may be required to provide personal information such as your name, address, and social security number. It is important to ensure that you are using a secure and reputable platform to protect your privacy.
Top Online Will and Trust Makers
Comparison Table
Here is a comparison table of the top online will and trust makers. It is important to note that this list is not exhaustive and other providers may be available in your jurisdiction. Please conduct your own research and seek legal advice before making any decisions.
| Provider | Description | Pricing |
|---|---|---|
| LegalZoom | LegalZoom is an online platform that offers legal services, including the creation of wills and trusts. They offer a range of documents, including simple wills, living wills, and trusts. | $69 – $399 |
| Rocket Lawyer | Rocket Lawyer is an online legal service that provides access to legal documents, including wills and trusts. They offer customizable templates and can help you create a document that meets your specific needs. | $39.99 – $179.99 |
| Trust & Will | Trust & Will is an online service that specializes in creating trusts and wills. They offer customized documents and can help you create a plan for the management and distribution of your assets after your death. | $199 – $599 |
| LawDepot | LawDepot is an online legal document provider that offers wills and trusts. They offer customizable templates and can help you create a document that meets your specific needs. | $39 – $139 |
| DoYourOwnWill | DoYourOwnWill is an online service that offers simple wills and living wills. They offer customizable templates and can help you create a document that meets your specific needs. | $29.95 – $59.95 |
Please note that the pricing information provided is subject to change and may not include additional fees or discounts. It is important to carefully review the terms and conditions of any provider before making a purchase.
LegalZoom
LegalZoom is a popular online platform that offers a wide range of legal services, including the creation of wills and trusts. With LegalZoom, users can create a customized will or trust that meets their specific needs. The platform offers a step-by-step process that guides users through the creation of their legal documents, making it easy for anyone to create a will or trust without the need for a lawyer.
One of the benefits of using LegalZoom is that it offers a range of customizable templates for wills and trusts, allowing users to choose the one that best suits their needs. The platform also offers a secure storage system for the user’s legal documents, ensuring that they are always accessible when needed.
Another advantage of LegalZoom is that it offers affordable pricing for its services. Users can choose from a range of pricing options depending on the complexity of their legal needs, making it an attractive option for those who are looking to save money on legal fees.
However, it is important to note that LegalZoom is not a substitute for legal advice from a qualified attorney. While the platform offers a range of resources and guidance to help users create their legal documents, it is always best to consult with a lawyer before making any legal decisions.
Overall, LegalZoom is a reliable and affordable option for those looking to create a will or trust online. Its user-friendly interface and customizable templates make it easy for anyone to create a legal document that meets their specific needs.
Rocket Lawyer
Rocket Lawyer is a popular online legal service that offers a wide range of legal documents, including wills and trusts. The platform provides a user-friendly interface that allows individuals to create their legal documents quickly and easily. Rocket Lawyer’s will and trust maker offers several benefits, including:
- Customizable Documents: Rocket Lawyer’s will and trust maker allows users to create customized legal documents that meet their specific needs. The platform provides a variety of templates and guidance to help users create the best possible document.
- Affordable Pricing: Rocket Lawyer offers affordable pricing for its services, making it accessible to a wide range of individuals. Users can choose from several pricing plans, including a monthly subscription or a pay-per-document option.
- Expert Support: Rocket Lawyer offers expert support to its users, including access to a team of legal professionals who can answer questions and provide guidance. Users can also access a variety of resources, including articles and videos, to help them better understand legal concepts.
- Secure Storage: Rocket Lawyer offers secure storage for users’ legal documents, ensuring that they are safe and accessible when needed. Users can access their documents from any device with an internet connection, making it easy to access important information when needed.
Overall, Rocket Lawyer is a reliable and affordable option for individuals looking to create a will or trust online. The platform’s user-friendly interface, customizable documents, expert support, and secure storage make it a top choice for many users.
Trust & Will
Trust & Will is an online platform that provides users with a comprehensive solution for creating their last will and testament, living trust, and other important legal documents. With Trust & Will, individuals can easily create legally binding documents without the need for expensive lawyers or complex legal procedures.
One of the standout features of Trust & Will is its user-friendly interface, which makes it easy for anyone to create a will or trust document in just a few minutes. The platform offers a range of customizable templates, which can be tailored to meet the specific needs of each individual.
In addition to its simplicity, Trust & Will also offers a high level of security, with all documents stored securely in the cloud and accessible only to the user and designated beneficiaries. This ensures that important legal documents are easily accessible in the event of an emergency, while also maintaining strict privacy and security measures.
Trust & Will also offers a range of additional features, including the ability to designate guardians for minor children, create a living will, and set up powers of attorney. These additional features make Trust & Will a comprehensive solution for all of your estate planning needs.
Overall, Trust & Will is a highly recommended online will and trust maker, offering a simple, secure, and comprehensive solution for creating important legal documents. Whether you’re looking to create a will, trust, or other important legal documents, Trust & Will is an excellent choice for anyone looking to secure their family’s future.
DoYourOwnWill
DoYourOwnWill is a popular online platform that offers a user-friendly and affordable solution for creating a will or trust. The platform has gained a significant following due to its simplicity and effectiveness in guiding users through the process of creating essential legal documents. Here are some key features and benefits of DoYourOwnWill:
- Easy-to-Use Interface: The platform’s interface is designed to be intuitive and straightforward, making it accessible to individuals with varying levels of technical proficiency. Users can easily navigate through the document creation process, answering a series of questions to generate a customized legal document.
- Comprehensive Document Library: DoYourOwnWill offers a wide range of document templates, including simple wills, living trusts, and more complex estate planning documents. Users can select the most appropriate template based on their specific needs and requirements.
- Affordable Pricing: Unlike traditional legal services, DoYourOwnWill offers its services at a fraction of the cost. Users can create a will or trust for a one-time fee, without the need for ongoing legal consultations or retainer fees.
- Privacy and Security: DoYourOwnWill understands the importance of privacy and data security. The platform uses encryption and secure servers to protect users’ personal information and document content.
- Customer Support: DoYourOwnWill provides responsive customer support to assist users with any questions or concerns they may have. The platform offers a comprehensive FAQ section, email support, and phone support for premium users.
Overall, DoYourOwnWill is an excellent option for individuals and families seeking an affordable and user-friendly way to create essential legal documents. Its simplicity, comprehensive document library, and affordable pricing make it an attractive choice for those looking to plan their estate without the need for expensive legal services.
Features to Consider
User-Friendly Interface
A user-friendly interface is crucial when choosing an online will and trust maker. It ensures that the process of creating these important legal documents is smooth and efficient. Here are some factors to consider when evaluating the user-friendliness of an online will and trust maker:
- Ease of Navigation: The platform should be easy to navigate, with clear and concise instructions throughout the process. This helps users to understand the process and ensure that they create the appropriate documents for their specific needs.
- Customization Options: A good online will and trust maker should offer customization options to cater to the unique needs of each user. This may include the ability to add or remove sections, adjust the format, or choose from various templates.
- Saving and Editing Capabilities: Users should be able to save their work and return to it later if needed. The platform should also allow for easy editing of documents, with clear tracking of changes made.
- Clear Language: Legal jargon can be confusing for many people. A user-friendly interface should use clear and simple language to ensure that users understand the implications of their decisions.
- Mobile Compatibility: With the increasing use of mobile devices, it’s essential that an online will and trust maker is compatible with mobile devices. This allows users to access and create documents on the go, at any time and from any location.
- Security Measures: Ensuring the security of personal information and documents is crucial. Look for an online will and trust maker that employs robust security measures, such as encryption and secure servers, to protect user data.
By considering these factors, you can ensure that the online will and trust maker you choose offers a user-friendly experience that meets your needs and helps you create legally binding documents with ease.
Customizable Templates
When looking for an online will and trust maker, customizable templates are an essential feature to consider. These templates should be able to accommodate your specific needs and requirements. Here are some things to keep in mind when looking for customizable templates:
- Flexibility: The templates should be flexible enough to accommodate different types of wills and trusts, such as simple wills, complex trusts, and advanced estate planning.
- Ease of Use: The templates should be easy to use, even for those who are not familiar with legal terminology. They should be user-friendly and intuitive, with clear instructions and guidance throughout the process.
- Customization Options: The templates should allow for a high degree of customization, such as adding or removing sections, changing language and terminology, and incorporating specific legal provisions.
- Legal Accuracy: The templates should be legally accurate and up-to-date, with language that is clear and unambiguous. This is important to ensure that your will or trust is valid and enforceable.
- Expert Support: It’s also important to have access to expert support in case you have any questions or concerns about the templates. This can include customer support, legal advice, or consultation with an attorney.
Overall, customizable templates are a crucial feature to consider when choosing an online will and trust maker. They should be flexible, easy to use, and legally accurate, with options for customization and expert support.
Secure Storage Options
When it comes to creating a will or trust, security is a top concern. It’s important to choose an online will and trust maker that offers secure storage options to protect your personal information and documents. Here are some factors to consider when evaluating the security of an online will and trust maker:
- Encryption: Look for an online will and trust maker that uses encryption to protect your data. Encryption ensures that your information is secure and cannot be accessed by unauthorized parties.
- Two-factor authentication: Two-factor authentication adds an extra layer of security to your account. It requires you to provide two forms of identification, such as a password and a fingerprint or a security token, to access your account.
- Data backup: It’s important to choose an online will and trust maker that offers regular data backups. This ensures that your documents are safe and can be recovered in the event of a technical issue or data loss.
- Compliance with data protection regulations: Make sure the online will and trust maker you choose complies with data protection regulations such as GDPR and HIPAA. This ensures that your personal information is handled in accordance with legal requirements.
By considering these factors, you can choose an online will and trust maker that offers secure storage options and helps you protect your important legal documents.
Affordable Pricing
When it comes to creating a will or trust, cost is often a significant factor for many individuals. Online will and trust makers offer a more affordable alternative to traditional estate planning methods, as they eliminate the need for an in-person consultation with an attorney. Here are some of the most affordable online will and trust makers available today:
- LegalZoom: With prices starting at $69, LegalZoom offers a comprehensive will maker that includes features such as step-by-step guidance, customizable templates, and a review by an attorney.
- Rocket Lawyer: Rocket Lawyer’s will maker costs $39.99 per month, and it offers features such as document storage, attorney review, and a personalized will.
- Quicken WillMaker: With a one-time payment of $99.99, Quicken WillMaker offers a comprehensive will maker that includes customizable templates, guidance, and storage.
- Trust & Will: Trust & Will offers a will maker that starts at $119 per person, with discounts for couples and military families. It offers customizable templates, document storage, and a guarantee of accuracy.
It’s important to note that while affordability is an essential factor to consider, it’s not the only factor. Make sure to research each online will and trust maker‘s features, reputation, and customer reviews before making a decision.
Making Your Decision
Questions to Ask Yourself
Before selecting an online will and trust maker, it is essential to ask yourself a few questions to ensure that you choose the right service for your needs. Here are some key questions to consider:
- What are my specific needs and goals?
- Are you looking to create a simple will or a more complex trust?
- Do you have any specific requirements, such as the ability to include digital assets or provide for a special needs trust?
- What is my budget?
- Consider the cost of the service, as well as any additional fees or costs associated with creating and executing your will or trust.
- What level of support do I need?
- Do you require guidance through the process, or are you comfortable creating your own legal documents?
- Consider the level of customer support offered by each service, including access to legal professionals or customer service representatives.
- How important is ease of use and user experience?
- Consider the user interface and overall user experience of each service, as well as the level of customization and flexibility offered.
- What are the reviews and ratings of the service?
- Research online reviews and ratings of each service to gain insight into the experiences of other users.
- Are there any additional features or services that I require?
- Consider any additional services offered by each service, such as estate planning tools or access to financial advisors.
By answering these questions, you can narrow down your options and find the best online will and trust maker that meets your specific needs and preferences.
Factors to Consider
When it comes to choosing the best online will and trust maker, there are several factors to consider. These factors will help you make an informed decision and choose the right tool that suits your needs. Here are some of the key factors to consider:
- User-Friendliness:
The best online will and trust maker should be easy to use and navigate. Look for a tool that has a user-friendly interface and requires minimal technical knowledge. It should be straightforward to create and customize your will or trust document without any complications. - Customization Options:
A good online will and trust maker should offer customization options to suit your specific needs. You should be able to choose from various templates and modify them according to your preferences. Additionally, you should be able to add or remove sections as needed to create a personalized document that meets your requirements. - Legal Compliance:
The online will and trust maker should be compliant with state laws and regulations. The tool should be designed to meet the legal requirements of your state, so your document is valid and legally binding. Look for a tool that has been reviewed by legal experts to ensure that it meets all the necessary legal requirements. - Security and Privacy:
It is essential to choose an online will and trust maker that prioritizes security and privacy. Your personal information and sensitive documents should be protected with strong encryption and secure storage. Look for a tool that uses industry-standard security protocols to protect your data and ensures that your documents are kept confidential. - Customer Support:
Good customer support is crucial when it comes to using an online will and trust maker. Look for a tool that offers reliable customer support through various channels such as email, phone, or live chat. The customer support team should be knowledgeable and responsive to your queries and concerns. - Cost:
Lastly, consider the cost of the online will and trust maker. Look for a tool that offers affordable pricing plans that fit your budget. Some tools may offer free basic plans, while others may require a subscription fee. Compare the features and pricing of different tools to find the one that offers the best value for your money.
By considering these factors, you can make an informed decision and choose the best online will and trust maker that meets your needs.
Final Recommendations
When it comes to choosing the best online will and trust maker, there are a few key factors to consider. Here are our final recommendations:
LegalZoom
LegalZoom is a well-established online legal service that offers will and trust creation services. With a user-friendly interface and affordable pricing, LegalZoom is a great option for those who want a simple and straightforward will or trust. They also offer additional legal services, such as LLC formation and trademark registration.
Rocket Lawyer
Rocket Lawyer is another popular online legal service that offers will and trust creation services. They offer a range of pricing plans, including a free trial, making them a great option for those who want to try their services before committing to a paid plan. Rocket Lawyer also offers additional legal services, such as contract review and business formation.
Trust & Will
Trust & Will is a newer online service that specializes in estate planning and offers will and trust creation services. Their platform is easy to use and offers customizable templates for wills and trusts. They also offer a range of pricing plans, including a free trial, making them a great option for those who want to try their services before committing to a paid plan.
Ultimately, the best online will and trust maker for you will depend on your specific needs and budget. We recommend considering each of these options and reading reviews from other customers to make an informed decision.
Recap of Key Points
- Introduction to online will and trust makers
- Explanation of the benefits of using an online service
- Comparison of different online will and trust makers
- Considerations for choosing the best option for your needs
- Overview of the top online will and trust makers
- Final recommendations and advice for making your decision
Importance of Estate Planning
Estate planning is an essential aspect of ensuring the well-being and security of your loved ones after your passing. It involves making provisions for the management and distribution of your assets, as well as designating a legal guardian for any minor children. Here are some key reasons why estate planning is crucial:
- Protecting your family: Estate planning helps to protect your family by providing a roadmap for how your assets should be managed and distributed after your death. Without a clear plan in place, your loved ones may face legal challenges and financial difficulties, which can be emotionally and financially draining.
- Avoiding probate: Probate is the legal process of validating a will and distributing assets to beneficiaries. Estate planning can help you avoid probate by setting up trusts or other legal structures that allow your assets to be transferred directly to your beneficiaries upon your death. This can save your loved ones time and money.
- Providing for minor children: If you have minor children, estate planning is crucial to ensure that they are taken care of in the event of your death. You can designate a legal guardian for your children in your will, which can provide peace of mind knowing that they will be cared for by someone you trust.
- Reducing taxes: Estate planning can help you reduce taxes by taking advantage of available deductions and exemptions. By strategically planning the transfer of your assets, you can minimize the amount of taxes that your loved ones will have to pay after your death.
- Supporting charitable causes: Estate planning can also be used to support charitable causes that are important to you. You can include provisions in your estate plan to donate money or assets to charitable organizations, which can help to perpetuate your legacy and make a positive impact on the world.
Overall, estate planning is essential to ensure that your assets are managed and distributed according to your wishes after your death. By taking the time to create a comprehensive estate plan, you can provide for your loved ones, minimize taxes, and support charitable causes that are important to you.
Encouragement to Take Action
Procrastination is the thief of time, and when it comes to planning for your future, there’s no better time to start than today. While creating a will or trust may not be the most glamorous or exciting task, it’s a crucial step in securing your family’s financial future and protecting your assets.
Don’t let the fear of the unknown hold you back. By taking the time to research and compare online will and trust makers, you can find a solution that fits your unique needs and budget. Remember, it’s never too early to start planning for the future, and the peace of mind that comes with knowing your assets will be distributed according to your wishes is priceless.
So, take the first step today and discover the best online will and trust maker for you. It’s a small investment of time that can yield significant benefits for you and your loved ones in the long run.
FAQs
1. What is an online will and trust maker?
An online will and trust maker is a service that allows individuals to create legal documents such as wills and trusts using an online platform. These services typically provide customizable templates and guidance to help users create legally binding documents without the need for a lawyer.
2. What are the benefits of using an online will and trust maker?
The benefits of using an online will and trust maker include convenience, affordability, and accessibility. Online will and trust makers offer a convenient way to create legal documents from the comfort of your own home. They are often more affordable than hiring a lawyer to create these documents, and they provide access to legal resources and guidance that may not be available to individuals without a lawyer.
3. What should I look for in an online will and trust maker?
When choosing an online will and trust maker, it’s important to consider factors such as the company’s reputation, the customizability of their templates, the level of guidance they provide, and the overall cost of their services. It’s also important to read reviews and do research to ensure that the company you choose is reputable and has a track record of providing high-quality services.
4. Are online wills and trusts legally binding?
Yes, online wills and trusts can be legally binding if they are created using a reputable online will and trust maker and follow the appropriate legal requirements for the state in which they are being executed. It’s important to consult with a legal professional to ensure that your online will or trust meets all necessary legal requirements.
5. What types of wills and trusts can I create with an online will and trust maker?
Online will and trust makers typically offer a variety of customizable templates for different types of wills and trusts, including simple wills, living wills, testamentary trusts, and more. The specific types of documents available will vary depending on the service you choose. It’s important to consult with a legal professional to determine which type of document is best for your needs.
6. How much does it cost to use an online will and trust maker?
The cost of using an online will and trust maker can vary depending on the service you choose and the specific document you are creating. Some online will and trust makers offer free templates, while others charge a fee for their services. It’s important to research and compare different options to find the best price for the quality of service you need.
7. Is it safe to use an online will and trust maker?
Using an online will and trust maker can be safe if you choose a reputable service and take steps to protect your personal information. It’s important to research the company you choose and read reviews from other customers to ensure that they have a good reputation. You should also be careful when sharing personal information online and make sure to use a secure connection when entering sensitive data.
