Creating a trust or will is a crucial decision that can have a significant impact on your future and your family’s well-being. With the rise of online legal services, many people wonder if they can trust them. Is Trust and Will legit? In this blog, we will discuss the legitimacy of Trust and Will, one of the most popular online legal services, and share the latest Trust and Will reviews for 2023 to help you make an informed decision.
What is Trust and Will?
Trust and Will is an online platform that offers affordable and easy-to-use estate planning services. It allows users to create and manage their wills, trusts, and other legal documents without having to hire an expensive lawyer.
Revocable Trust Definition:
A revocable trust is a legal document that allows the trust creator to maintain control of their assets during their lifetime while also providing instructions for the distribution of those assets upon their death. The trust can be altered or revoked by the creator at any time.
What is Estate Planning?
Estate planning is the process of managing and allocating assets during a person’s lifetime and after their death. It involves creating legal documents such as wills and trusts to ensure that assets are distributed according to the individual’s wishes.
The Need for Estate Planning:
Estate planning is crucial to ensure that your assets are distributed according to your wishes after your death, and your loved ones are taken care of. It also helps to minimize taxes and avoid disputes among heirs.
Traditional Estate Planning vs. Online Estate Planning:
Traditional estate planning involves visiting a lawyer and paying high fees. Online estate planning platforms, like Trust and Will, offer a more affordable and convenient option to create a legally-binding estate plan.
Who Owns Trust and Will?
Trust and Will is a privately held company that was founded by Cody Barbo and Daniel Goldstein in 2017. The company is based in San Diego, California, and has received funding from several venture capital firms.
Trust and Will Online:
Trust and Will is an online platform that offers estate planning services, including the creation of wills, trusts, and other legal documents. Their services are designed to make estate planning accessible, affordable, and convenient for everyone.
Are Online Wills Safe?
Online wills are generally safe, but it’s important to choose a reputable and reliable platform. Look for a service that uses encryption, secure data storage, and offers customer support to ensure your personal and financial information remains protected.
Is Trust and Will legit?
Trust and Will is a reputable online estate planning service that is legit and trusted by thousands of customers. Their services are backed by licensed attorneys and offer affordable and accessible estate planning solutions.
How reliable is Trust and Will?
Online Will and Trust Reviews:
Reading online will and trust reviews can offer valuable insights to those considering using online estate planning services. Reviews help evaluate the credibility, reliability, and quality of different platforms. They provide information about customer support, usability, strengths and weaknesses, and overall safety. It is recommended to read reviews from multiple sources to get a comprehensive and unbiased perspective.
Trust and will trustpilot:
Trust and Will has a 4.8-star rating on Trustpilot, with many customers citing the service’s ease of use and affordability. Some negative reviews mention difficulty contacting customer support or technical issues with the website.
How Trust and Will Works?
Trust and Will is an online estate planning platform that allows individuals to create a personalized estate plan easily and conveniently. Here’s how it works:
Creating an Estate Plan with Trust and Will:
Trust and Will offers various estate planning options, including wills, revocable living trusts, and more. Users can choose the plan that best suits their needs and preferences.
Choosing a Plan:
After selecting a pla users can fill out a brief questionnaire to provide information about their assets, beneficiaries, and wishes for their estate plan.
Filling out the Questionnaire:
Trust and Will’s questionnaire is designed to be user-friendly and straightforward. Users can save their progress and return to complete it later if needed.
Reviewing and Finalizing Your Plan:
Once the questionnaire is complete, users can review and customize their estate plan based on their preferences. Trust and Will’s team of experienced attorneys also reviews each plan to ensure its legality and accuracy before finalization.
Estate Planning Documents:
Estate planning documents include wills, trusts, powers of attorney, and health care directives. Trusts provide flexibility and privacy, while wills ensure asset distribution according to your wishes. Both are important features.
Digital vaults store important estate planning documents in a secure, online location. This ensures easy access to documents by family members and estate planners, and helps protect against loss or damage.
Trustees provide assistance in managing and distributing assets according to the grantor’s wishes. They have fiduciary responsibilities to act in the best interests of the trust beneficiaries and must comply with all legal requirements.
Live Customer Support:
Live customer support provides assistance with estate planning questions and concerns. Having access to knowledgeable professionals can help ensure that estate planning documents are created correctly and that any issues are addressed in a timely manner.
How much does a will cost?
The cost of a will can vary depending on the complexity of the estate and the experience of the attorney. On average, a simple will can cost anywhere from $300 to $1,000, while a more complex will can cost several thousand dollars.
Trust and Will Pricing:
Trust and Will Pricing Plans:
Trust and Will pricing plans vary depending on the level of service needed. Basic will packages start around $69, while comprehensive estate planning packages that include a will, trust, and other documents can cost upwards of $1,000. Trusts are typically more expensive than wills due to their complexity.
Additional fees may be incurred for services such as trust administration, asset valuation, or legal representation in probate court. Some attorneys charge by the hour, while others charge a flat fee or a percentage of the estate’s value. It is important to review fee structures and potential additional fees when selecting an attorney or estate planning service.
Alternatives to Trust and Will:
LegalZoom: (trust and will vs legalzoom)
Trust and Will and LegalZoom both offer online estate planning services. Trust and Will focuses on customized estate planning solutions, while LegalZoom offers a range of legal services including estate planning. Trust and Will generally has lower pricing, while LegalZoom has a wider range of document options and more robust legal support.
Rocket Lawyer offers customizable legal documents, legal advice, and representation for a range of legal matters, including estate planning. Their subscription service provides ongoing legal support for a monthly fee. Pricing varies depending on the level of service needed.
Quicken WillMaker & Trust:
Quicken WillMaker & Trust is a software program that provides customizable estate planning documents, including wills and trusts. While it is a lower-cost option than working with an attorney, it may not provide the same level of legal support or customization as other services.
Trusts & Estates Attorney:
A trusts and estates attorney specializes in estate planning and administration, including drafting wills and trusts, managing probate proceedings, and providing legal advice to clients. They can help ensure that estate planning documents are legally sound and reflect the client’s wishes.
DIY Estate Planning:
DIY estate planning involves creating estate planning documents without the assistance of an attorney or professional service. While it can be a lower-cost option, it may not provide the same level of legal protection or customization as working with a professional.
Conclusion – Is Trust and Will Legit?
In conclusion, Trust and Will is a legitimate online estate planning service that provides affordable and customizable estate planning documents. While there may be some negative reviews regarding customer support or technical issues, the majority of customers have reported positive experiences with the service. Ultimately, it is important to carefully evaluate the needs of your estate plan and compare the features and pricing of different estate planning services before making a decision.
Frequently Asked Questions-Is Trust and Will Legit?