Willing—the world’s number one estate planning site—has estate planning packages that begin at $69 and offer documents including a last will and testament (which includes naming guardians and naming the executor of the will), a living will, a durable power of attorney, a transfer on death deed and a revocable trust.
You don’t need a lawyer to review your documents before submitting them—instead, the online will software guides you through every step of the process.
To make the whole prospect a little less daunting, we’re breaking down the steps you need to take and the things you need to consider when creating a will.
Having a legally binding will on hand (read: not a handwritten list scribbled out on a legal pad) can help your survivors avoid probate, a complex and time-consuming legal process that determines how your assets are distributed to survivors.
Services offering online will templates can digitize what used to be done in an attorney’s office, guiding you through a question-and-answer session to determine the needs of your family.
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Not only does it make the process much easier, but it can also be significantly cheaper.Once you’ve made a will, pay close attention to how it becomes binding, especially if you use a digital service.Some services, like Willing, offer an e-signing option, where the will can be notarized and signed entirely online. ) Otherwise, you may need to print it out and sign it in front of a notary. Some families like to keep a hard copy in a safety deposit box, while others store it digitally.No matter what you choose (best practices may depend on the type of will service you use), it’s important to let family members know that one exists and where and how to access it.It also may be a good time to ask them if they’ve made a will of their own.Would you want extraordinary or invasive medical interventions in the case of illness or accident? If you weren’t able to advocate for yourself, who would you trust to make medical decisions?All these questions can come into play when drafting a healthcare proxy or living will.Writing a will can seem like an off-putting task, but it doesn’t have to be stressful.Trust us—knowing exactly what you need to do to get it done will make it feel all the more manageable.If you’re still growing your family, you likely want to update it when you have another child.You also may need to update your will if someone named in the document passes away or if you buy property or inherit assets.