Wills & Living Trusts
Wills and living trusts are both important in estate planning.
A will, also known as a last will and testament, is a legal document that outlines a person’s wishes regarding the distribution of their assets and the management of their affairs after their death.
A living trust, also known as a revocable living trust or inter vivos trust, is a legal document that allows an individual, known as the “grantor” or “trustor,” to place their assets and property into a trust during their lifetime. Unlike a will, which only becomes effective upon the individual’s death, a living trust can take effect while the grantor is alive and can continue after their death.
The key difference between wills and living trusts is that a will becomes effective only upon the individual’s death, while a living trust can take effect during the individual’s lifetime and continues after their death, often avoiding the probate process, which is a very expensive, time-consuming and in public court proceeding.
In California, for example, probate settles a deceased person’s estate and is required in California if the estate is worth more than $184,500. On average, a straightforward probate case in California may take approximately 9 to 18 months to complete. However, more complex cases can take longer, sometimes several years. Total expenses will depend on the size of the estate, whether the case is contested, the amounts charged by the executor and attorney, and more. While expenses vary case by case, estimates range from 4-7% of the gross estate value. For example, a $2M estate value would cost the heirs about 80K-$140,000K.
How We Can Help
We have partnered with a network of specialized estate planning attorneys in 50 States to provide you with an affordable price to access their services. Each Estate Plan is customized to your needs and requirements. And each plan is approved by a licensed attorney in your state. The entire process can be done online, and once your Estate Plan is complete, anyone who needs it can access it at any time.
Why Choose Our Service?
Our is an online estate planning portal, partnered with a nationwide network of estate planning attorneys. Our unique software allows you to work seamlessly with an estate planning attorney to create a high quality estate plan in real time.
Benefits
- High-quality, custom estate plans at a fraction of the typical cost. We can save you about 50%-70% cost of traditional attorney fees.
- Create, execute, and fund estate plans tailored to individual needs
- Online cloud storage allows you to easily access and share your documents
- Maintain and update documents as circumstances change
- Ensure your wishes are accurately carried out when the time comes
Our Process
- Appointment Prep: To begin, you’ll fill out our Estate Planning Appointment Guide before your first appointment.
- Data Input Appointment: Our simple questionnaire will then guide you, your financial advisor, and your attorney in creating the basis of your estate plan.
- Document Creation: An attorney from our vast legal network will review your estate needs and create the necessary legal documents. Your estate planning package will then be sent to our office to be reviewed, signed, and notarized during your follow-up appointment. In unique situations, our attorney may need to follow up with you to ask clarifying questions.
- Execution and Funding: We will work with you to ensure your estate plan is executed and funded.
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