Compare Estate Planning Documents - Living Trust vs. Will vs. Living Will (2024)

Product

Overview

Benefits

Considerations

Product

Estate Plan Bundle

Get started

From $249*

Includes a last will or living trust, living will, and financial power of attorney—plus, you can ask real attorneys in our network your estate planning questions and request document review

More efficient and saves money

Get peace of mind with attorney access for one year

Revise whenever you need for one year

Costs more than single doc purchases—but you save money overall and get a comprehensive plan

Last will

Get started

From $89

Specify your last wishes and who carries them out

Decide who raises your children if you can't

Decide who gets your assets

Ease your loved ones' stress by making arrangements in advance

Help prevent loved ones from arguing over who gets what

Easy to create—and revise

Your loved ones may have to deal with probate court and its delays and expenses

Living trust

Get started

From $279

Specify your last wishes and who carries them out

Decide who raises your children if you can't

Decide who gets your assets and transfer them into a trust while you're alive

Ease your loved ones' stress by making arrangements in advance

Help prevent loved ones from arguing over who gets what

Help your loved ones avoid court and its potential delays and expenses

Takes more effort and time to create than a last will

Living will

Get started

From $39

Decide now what you want to do about life support and if you'll donate your organs

Appoint someone to manage your health care when you can't

Ease your loved ones' stress by making arrangements in advance

Help prevent loved ones from arguing over your health care

Avoid medical treatments you don't want

Healthcare providers won't know your wishes unless you share with them

Financial power of attorney

Get started

From $35

Appoint someone to handle your financial and legal affairs if you can't for any reason

Ease your loved ones' stress by making arrangements in advance

Help avoid court and its delays and expenses

Protect your assets

Whomever you appoint will have control—make sure you trust them

Product

  1. Estate Plan Bundle

    Overview

    Includes a last will or living trust, living will, and financial power of attorney—plus, you can ask real attorneys in our network your estate planning questions and request document review

    Benefits

    More efficient and saves money

    Get peace of mind with attorney access for one year

    Revise whenever you need for one year

    Considerations

    Costs more than single doc purchases—but you save money overall and get a comprehensive plan

    Get started

    From $249*

  2. Last will

    Overview

    Specify your last wishes and who carries them out

    Decide who raises your children if you can't

    Decide who gets your assets

    Benefits

    Ease your loved ones' stress by making arrangements in advance

    Help prevent loved ones from arguing over who gets what

    Easy to create—and revise

    Considerations

    Your loved ones may have to deal with probate court and its delays and expenses

    Get started

    From $89

  3. Living trust

    Overview

    Specify your last wishes and who carries them out

    Decide who raises your children if you can't

    Decide who gets your assets and transfer them into a trust while you're alive

    Benefits

    Ease your loved ones' stress by making arrangements in advance

    Help prevent loved ones from arguing over who gets what

    Help your loved ones avoid court and its potential delays and expenses

    Considerations

    Takes more effort and time to create than a last will

    Get started

    From $279

  4. Living will

    Overview

    Decide now what you want to do about life support and if you'll donate your organs

    Appoint someone to manage your health care when you can't

    Benefits

    Ease your loved ones' stress by making arrangements in advance

    Help prevent loved ones from arguing over your health care

    Avoid medical treatments you don't want

    Considerations

    Healthcare providers won't know your wishes unless you share with them

    Get started

    From $39

  5. Financial power of attorney

    Overview

    Appoint someone to handle your financial and legal affairs if you can't for any reason

    Benefits

    Ease your loved ones' stress by making arrangements in advance

    Help avoid court and its delays and expenses

    Protect your assets

    Considerations

    Whomever you appoint will have control—make sure you trust them

    Get started

    From $35

Compare Estate Planning Documents - Living Trust vs. Will vs. Living Will (1)

Frequently asked questions

  1. What happens if you die without a will?

    If you pass away without a last will, this is known as dying "intestate." When this happens, state laws determine who will receive your property. The laws governing intestacy vary greatly from state to state.

  2. What is probate?

    Probate is the legal process through which the court oversees how an estate will be distributed. If you signed a last will, your estate passes to the beneficiaries named. If not, your estate passes to relatives based on state law. Generally, a formal probate action is required if an estate includes real property. But in many states, probate isn't required and other legal remedies are available if the estate is of minimal value.

  3. What is a living trust?

    It's a legal document that states who you want to manage and distribute your property if you're unable to do so, and who receives it when you pass away. Once signed, you transfer ownership of your assets into the trust and you remain in complete control of your property. The trust property can be managed and distributed without going through the probate court.

  4. If I already have a last will, why do I need a living will?

    Though they sound similar, a last will and a living will are two very different things that serve different needs. A last will details what you want to happen to your property after your death. A living will, sometimes called an advance directive, dictates the medical care you wish to receive under certain circ*mstances if you become incapacitated or otherwise unable to communicate your wishes.

  5. Is a last will or living trust best for my state?

    The laws regarding what happens to your property after your death can be very complex and vary widely from state to state. We recommend talking to an attorney for advice.

Questions?

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Compare Estate Planning Documents - Living Trust vs. Will vs. Living Will (2)

Compare Estate Planning Documents - Living Trust vs. Will vs. Living Will (2024)
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