A customized will is a document that lists your personal and financial wishes and specifies who should take care of your estate after your death. It’s important to make these plans because they will help reduce conflict among family members after your death and ensure that your wishes are carried out. Many companies provide a range of online services for people who want to create a will or other estate planning documents. They often use state-specific forms that are created by experts in estate planning. Choosing an online will service is a good idea if you are looking for a fast, affordable way to make a legal document.
Some websites offer downloadable documents that can be printed and signed. These documents may be notarized for a small fee. If you choose this option, it’s a good idea to have multiple copies of the documents and keep them in a safe place. It’s also a good idea to talk with your loved ones about your will and estate plan to avoid any confusion later.
In addition to a will, you should make a health care directive customized wills and living will, which detail your medical choices and instructions. It’s best to discuss these plans with your doctor so he or she can make sure they comply with any state laws that might affect them.
If you have a lot of assets, it’s a good idea to write a trust document, which will manage your property for you after you die. This can prevent a lot of unnecessary taxes and fees and can make it easier for beneficiaries to get access to your assets.
Creating a will can be stressful, but it’s one of the kindest things you can do for your loved ones. It will ease their burden by letting them know your final wishes and by reducing the time they’ll have to spend probating your estate. It’s important to be clear about your wishes and include a list of all the assets you own, including real estate, vehicles, investments, and bank accounts. You should also include a list of any debts you have, which will be paid off by your executor.
There are two main types of wills: statutory and attorney-drafted. Statutory wills are simple templates with pre-written language that can accommodate most estate plans. Attorney-drafted wills cost more, but are well suited to complicated estates and situations requiring specific provisions.
Some states have statutory forms that you can download and use for free, but these wills are not always the most appropriate choice for your unique situation. If you use a statutory will, it’s a good idea to review the form to make sure it fits your needs.
Online will services usually ask you a series of questions to create a document that meets your needs. They also usually offer legal and practical support. Some offer a package for couples that includes a second will for a reduced price.