Are you looking for a simple and affordable way to create a last will and testament?
Have you found yourself preparing for a trip and worrying about your children and your estate? Do you have a small and simple estate to transfer yet wish to avoid paying attorney fees?
This website provides the basics of what a last will and testament can and cannot do. This website also covers other commonly used estate planning documents used in addition to a last will and testament.
If you have any estate planning questions or concerns, consult an estate planning professional. Many situations can arise in which paying for professional advice upfront costs less than the results of poor estate planning.
Overview of Last Will and Testaments, Testamentary Trusts and Living Trusts
A will is simply a piece of paper listing executors, beneficiaries and guardians. A trust can be pictured as a box which can hold assets long after you have passed, often for the purpose of controlling distributions to young beneficiaries.
A testamentary trust is created by a will after the will's creator passes, at which time assets are transferred into the trust. A living trust is created before the will's creator passes and assets are placed in the trust before the will's creator passing to avoid formal probate for estates with over $100,000 of certain assets, such as real estate. Probate is not a tax but a court process for reviewing wills and ensuring instructions and rules are followed.
Nominate guardians for children
Nominate executors/people to manage estate
Name beneficiaries of an estate
Control when beneficiaries receive their inheritance
Last will and testament package on left
Financial Power of Attorney
Medical Power of Attorneys
Mental Health Power of Attorneys
Living Will (regarding life support) Compare to Legalzoom: $104.00
D.I.Y. Wills provides information for individuals looking to make their own Will.
This website does not provide legal advice. D.I.Y. Wills is not a law firm nor is it affiliated with any law firm. D.I.Y. Wills is not a substitute for an attorney. Communication or activity by individuals is protected by the