How Many Wills Can You Make with WillMaker? A Comprehensive Guide to Estate Planning with WillMaker Software

Are you ready to take control of your estate planning? WillMaker is the perfect solution for anyone looking to create a comprehensive will that meets their unique needs. But just how many wills can you make with WillMaker? In this guide, we’ll take a closer look at the software and the number of wills you can create with it. So, whether you’re a first-time will maker or a seasoned estate planner, this guide has got you covered. Get ready to discover the power of WillMaker and take the first step towards securing your family’s future.

What is WillMaker and How Does it Work?

What is a Will?

A will is a legal document that outlines how you want your assets to be distributed after your death. It also appoints a legal guardian for any minor children and can include specific instructions for funeral arrangements. In essence, a will serves as a roadmap for your loved ones to follow after you pass away, ensuring that your wishes are carried out and your loved ones are taken care of.

There are several types of wills, including:

• Simple will: This is the most common type of will and typically leaves all assets to a spouse or partner, with the understanding that they will distribute the assets according to the testator’s wishes.
• Mirror wills: These are identical wills made by a couple, typically leaving all assets to each other and then to their children.
• Joint wills: These wills are made by two or more people and are designed to come into effect simultaneously on the death of the first person named in the will.
• Mutual wills: These wills are made by two or more people, but they do not come into effect until the last surviving person has died.

Regardless of the type of will you choose to create with WillMaker, it’s important to ensure that it is valid and legally binding in your state. This is why it’s crucial to use a trusted estate planning software like WillMaker, which includes features that help ensure your will is valid and meets all legal requirements.

What is WillMaker?

WillMaker is a software program designed to help individuals create their own legally binding wills. It provides a user-friendly interface that guides users through the process of creating a will, ensuring that all necessary legal requirements are met. The software is available for purchase online and can be downloaded to a computer or mobile device. With WillMaker, users can create a will that reflects their personal wishes and ensures that their assets are distributed according to their wishes after their death.

How Does WillMaker Work?

WillMaker is a software program that helps individuals create their own wills. It provides a simple and user-friendly interface that guides users through the process of creating a legally binding will. The program includes a step-by-step questionnaire that helps users identify their assets, determine who they want to leave their property to, and choose an executor to manage their estate after their death.

WillMaker works by using a combination of pre-written legal language and user-specific information to generate a customized will. The program takes into account the user’s wishes and preferences, as well as their specific circumstances, to create a unique and legally valid document.

Once the user has completed the questionnaire and reviewed their will, they can save it to their computer or print it out for signature. WillMaker also provides guidance on how to properly execute the will, including how to sign it and who can witness the signing.

Overall, WillMaker is a convenient and cost-effective way for individuals to create a will without the need for expensive legal fees. With its easy-to-use interface and comprehensive guidance, WillMaker makes estate planning accessible to everyone.

Creating Your First Will with WillMaker

Getting Started with WillMaker

Getting started with WillMaker is a straightforward process that can be completed in a matter of minutes. The software is designed to be user-friendly, so you don’t need to be a legal expert to create a will. Here’s a step-by-step guide to help you get started:

1. Choose Your Type of Will
   WillMaker offers three types of wills: Simple Will, Advanced Directives, and Living Will. Each type of will serves a different purpose, so it’s essential to choose the right one for your needs.
2. Answer Questions About Your Personal Situation
   WillMaker will ask you a series of questions about your personal situation, such as your marital status, whether you have children, and whether you own any property. These questions help WillMaker create a will that is tailored to your specific needs.
3. Fill Out Your Will
   Once you’ve answered all the questions, WillMaker will generate a will for you. You’ll need to review the will to ensure that it accurately reflects your wishes. You can make changes to the will by using the editing tools provided by WillMaker.
4. Sign and Store Your Will
   After you’ve finished creating your will, you’ll need to sign it and store it in a safe place. WillMaker provides instructions on how to sign your will and where to store it for safekeeping.

By following these simple steps, you can create a legally binding will that protects your assets and ensures that your wishes are carried out after your death.

Step-by-Step Guide to Creating Your First Will

When it comes to creating your first will with WillMaker, the process is simple and straightforward. With WillMaker’s intuitive interface and easy-to-follow prompts, you can create a legally valid will in just a few minutes. Here’s a step-by-step guide to help you get started:

Step 1: Choose Your Type of Will
WillMaker offers two types of wills: a Simple Will and a Living Trust Will. A Simple Will is suitable for those who do not have a lot of assets or complex estate planning needs. A Living Trust Will, on the other hand, is designed for those who have more complex estate planning needs, such as owning property in multiple states or having a business to manage.

Step 2: Fill Out Your Personal Information
Once you have chosen your type of will, you will need to fill out your personal information, including your name, address, and contact information. This information will be used to generate your will.

Step 3: Designate Your Beneficiaries
The next step is to designate your beneficiaries. Your beneficiaries are the people or organizations that will inherit your assets after your death. You can choose to designate one or multiple beneficiaries, and you can also specify the percentage of your assets that each beneficiary will receive.

Step 4: Choose Your Executor
Your executor is the person who will be responsible for carrying out your wishes after your death. You can choose an individual or a corporate fiduciary to serve as your executor. WillMaker provides a list of potential executors to choose from, or you can enter your own choice.

Step 5: Choose Your Guardians
If you have minor children, you will need to choose a guardian to take care of them after your death. You can choose an individual or a couple to serve as your guardians.

Step 6: Review and Finalize Your Will
Once you have completed all of the steps, you will be able to review your will and make any necessary changes. WillMaker allows you to save your progress and come back to your will at any time before finalizing it.

Step 7: Print and Sign Your Will
After you have reviewed and finalized your will, you will need to print it out and sign it in the presence of two witnesses. The witnesses must be over the age of 18 and not named as beneficiaries or executors in your will.

With these simple steps, you can create a legally valid will using WillMaker. By taking the time to plan for your future, you can provide peace of mind for yourself and your loved ones.

Customizing Your Will with WillMaker

Customizing your will with WillMaker is a straightforward process that allows you to tailor your estate plan to your specific needs and preferences. With WillMaker, you can easily add or remove beneficiaries, change the distribution of assets, and specify your funeral wishes. Here are some of the key features of WillMaker’s customization options:

Beneficiary Designations

One of the most important aspects of estate planning is designating beneficiaries for your assets. With WillMaker, you can easily add or remove beneficiaries for your will, retirement accounts, and life insurance policies. This ensures that your assets are distributed according to your wishes and avoids potential probate delays and costs.

Asset Distribution

WillMaker allows you to specify how your assets should be distributed after your death. You can choose to leave your assets to your spouse, children, or other relatives, or you can create a trust to manage your assets for your beneficiaries. You can also specify any special instructions for distributing assets, such as paying off debts or making charitable donations.

Funeral Wishes

WillMaker provides a section for you to specify your funeral wishes, including your preferred type of service, burial or cremation, and any specific requests for your final disposition. This can help to alleviate any confusion or disagreements among your loved ones and ensure that your wishes are respected.

Executor Designation

Another important aspect of estate planning is designating an executor to manage your estate after your death. WillMaker allows you to choose an executor, such as a family member or trusted friend, who will be responsible for carrying out your wishes and managing the distribution of your assets.

Overall, customizing your will with WillMaker is a simple and straightforward process that allows you to create a comprehensive estate plan that meets your specific needs and preferences. Whether you need to add or remove beneficiaries, specify asset distribution, or designate an executor, WillMaker provides the tools and guidance you need to ensure that your wishes are carried out after your death.

Types of Wills You Can Create with WillMaker

Simple Will

A simple will is the most basic type of will that can be created using WillMaker. It is designed for individuals who have relatively straightforward estate planning needs and do not require complex provisions. A simple will typically includes the following components:

• A statement of the testator’s (the person making the will) identity and a clear statement of their intentions
• A list of the assets to be included in the estate
• A designation of the beneficiaries who will inherit the assets
• A designation of an executor or personal representative who will be responsible for carrying out the instructions in the will

With a simple will, you can also make specific bequests of personal property, such as jewelry or household items, to particular individuals. Additionally, you can name guardians for any minor children and make provisions for any pets.

Creating a simple will with WillMaker is a straightforward process that involves answering a series of questions about your personal situation and estate. The software will then generate a will that meets your specific needs. You can also make revisions to your simple will as your circumstances change over time.

It’s important to note that a simple will may not be appropriate for everyone. If you have a more complex estate or specific legal requirements, you may need to consider other types of wills, such as a living trust or a testamentary trust. However, for many individuals, a simple will is a good starting point for estate planning and can provide peace of mind knowing that their assets will be distributed according to their wishes after their death.

Mirror Will

A mirror will is a type of will that is created by two individuals, such as a couple, who want to ensure that their assets are distributed similarly after their passing. In this type of will, the couple makes identical provisions for the distribution of their assets, so that if one of them passes away, the surviving partner will inherit all of the assets.

Some key points to consider when creating a mirror will include:

• The couple must both be of sound mind and legal age to create a will.
• The will must be executed in the presence of witnesses.
• The couple should review and update their will regularly to ensure that it reflects their current wishes.
• If the couple has minor children, they should also consider creating a trust to provide for their children in the event of their passing.

Overall, a mirror will can be a useful tool for couples who want to ensure that their assets are distributed equally after their passing. However, it is important to consult with an estate planning attorney to ensure that the will is legally valid and meets all legal requirements.

Joint Will

A Joint Will, also known as a Mutual Will, is a legal document that two individuals create together, outlining how their assets will be distributed after their passing. This type of will is commonly used by couples who want to ensure that their assets are distributed according to their wishes, even if one of them passes away before the other.

In a Joint Will, the couple makes a single will that has two separate parts, one for each individual. Each part outlines how the assets should be distributed among the couple’s beneficiaries, such as their children or other family members. If one of the couple passes away, the surviving partner will continue to have control over the assets outlined in their part of the Joint Will.

It is important to note that a Joint Will becomes void upon the death of the second individual, meaning that it cannot be updated or changed after one of the couple has passed away. Therefore, it is crucial to review and update the Joint Will periodically to ensure that it still reflects the couple’s wishes and circumstances.

It is also worth noting that a Joint Will is not appropriate for everyone. If there are specific assets that the couple wants to be distributed differently or if they have children from previous relationships, it may be more appropriate to create separate wills.

Overall, a Joint Will can be a useful tool for couples who want to ensure that their assets are distributed according to their wishes after their passing. It is important to work with an estate planning attorney to create a Joint Will that meets your specific needs and circumstances.

Testamentary Trust Will

A Testamentary Trust Will is a legal document that allows you to transfer your assets to a trust after your death. This type of will is commonly used to protect and manage assets for the benefit of your beneficiaries, such as your children or other loved ones.

How It Works

A Testamentary Trust Will works by creating a trust that holds your assets after your death. The trust is managed by a trustee, who is responsible for distributing the assets according to your instructions in the will. This can help to protect your assets from creditors, divorcing spouses, or other potential claims against them.

Benefits of a Testamentary Trust Will

One of the main benefits of a Testamentary Trust Will is that it can provide tax benefits for your beneficiaries. By transferring assets to a trust, you can reduce the amount of taxes that your beneficiaries will have to pay on the assets. Additionally, a Testamentary Trust Will can provide protection for your beneficiaries, particularly for those who may not be able to manage their own finances.

How to Create a Testamentary Trust Will with WillMaker

Creating a Testamentary Trust Will with WillMaker is a simple process. First, you will need to answer a series of questions about your personal situation, such as your marital status, the size of your estate, and whether you have any minor children. Based on your answers, WillMaker will generate a customized will that includes a testamentary trust.

You can then review the will and make any necessary changes before signing it. WillMaker provides detailed instructions on how to sign the will and how to store it safely.

Conclusion

A Testamentary Trust Will can be a valuable tool for estate planning, particularly if you have assets that you want to protect and manage for the benefit of your beneficiaries. With WillMaker, you can easily create a customized Testamentary Trust Will that meets your specific needs.

Pour-Over Will

A Pour-Over Will is a legal document that acts as a safety net for any assets or property that were not properly accounted for in your other estate planning documents. This type of will is typically used in conjunction with a revocable living trust, as it ensures that any assets not transferred to the trust during your lifetime are ultimately distributed according to your wishes.

In simpler terms, a Pour-Over Will serves as a backup plan in case you forget to include certain assets or property in your trust. It provides a way to ensure that these assets are still distributed according to your estate planning goals, even if they were not initially transferred to the trust.

Here are some key points to consider when creating a Pour-Over Will with WillMaker:

• Who can create a Pour-Over Will?: If you have a revocable living trust, you can create a Pour-Over Will to ensure that any assets not included in the trust are still distributed according to your wishes.
• What assets does a Pour-Over Will cover?: A Pour-Over Will typically covers any assets or property that were not transferred to your trust during your lifetime. This can include real estate, investment accounts, and other types of property.
• How does a Pour-Over Will work?: When you pass away, any assets not transferred to your trust are transferred to your Pour-Over Will. The will then distributes these assets according to your instructions, which may include your trust, as well as other estate planning documents such as a last will and testament or a living will.
• Why is a Pour-Over Will important?: Without a Pour-Over Will, any assets not transferred to your trust could be distributed according to default rules set by state law, which may not align with your estate planning goals. A Pour-Over Will ensures that these assets are distributed according to your wishes, even if they were not initially transferred to your trust.

By using a Pour-Over Will in conjunction with a revocable living trust, you can create a comprehensive estate plan that covers all of your assets and property, ensuring that they are distributed according to your wishes.

Advanced Directives

Advanced directives are a crucial aspect of estate planning that allows individuals to express their wishes regarding medical treatment in the event they become unable to communicate their decisions due to illness or injury. WillMaker software enables users to create advanced directives as part of their estate planning process.

With WillMaker, you can create the following types of advanced directives:

• Living Will: Also known as a healthcare proxy or medical power of attorney, a living will outlines your wishes for medical treatment, including life-sustaining measures, in the event you are unable to communicate your decisions. This document appoints a healthcare proxy to make medical decisions on your behalf if you become incapacitated.
• Do Not Resuscitate (DNR) Order: A DNR order instructs healthcare providers not to perform CPR if your heart stops or if you stop breathing. This document is typically issued by a physician and can be included as part of your advanced directives in WillMaker.
• Organ Donation: You can also use WillMaker to express your wishes regarding organ donation. This can include specific organs you wish to donate, as well as any special instructions or limitations.

By including advanced directives in your estate planning process, you can ensure that your medical wishes are respected and that your loved ones are guided in making decisions on your behalf if necessary. WillMaker makes it easy to create these important documents and incorporate them into your overall estate plan.

Medical Power of Attorney

A Medical Power of Attorney (MPOA) is a legal document that designates an individual to make healthcare decisions on your behalf if you become unable to make them yourself. This can be an essential part of your estate planning process, as it ensures that your medical wishes are respected and that someone you trust is making decisions that are in your best interest.

With WillMaker, you can create a MPOA that meets your specific needs and includes the following key elements:

• Principal: The person who creates the MPOA and appoints an agent to make healthcare decisions on their behalf.
• Agent: The person who is appointed to make healthcare decisions on behalf of the principal.
• Alternate Agent: A backup person who can make healthcare decisions if the primary agent is unavailable or unable to serve.
• Healthcare Wishes: A set of instructions outlining your specific medical treatment preferences, such as the use of life-sustaining treatment, organ donation, and end-of-life care.

It’s important to note that a MPOA can be used in conjunction with other estate planning documents, such as a living will or last will and testament, to ensure that your healthcare wishes are comprehensively addressed. Additionally, you can update or revoke your MPOA at any time to reflect changes in your health or personal circumstances.

Overall, a Medical Power of Attorney is an essential component of your estate planning process, and WillMaker makes it easy to create a personalized MPOA that reflects your specific healthcare wishes and appoints a trusted agent to make decisions on your behalf.

Financial Power of Attorney

A financial power of attorney is a legal document that allows someone to make financial decisions on your behalf if you become incapacitated or unable to manage your finances. This can include managing your bank accounts, paying bills, and making investment decisions. With WillMaker, you can create a financial power of attorney as part of your estate planning process.

Here are some key points to consider when creating a financial power of attorney with WillMaker:

• You can choose the person you want to appoint as your financial power of attorney. This can be a trusted family member, friend, or professional advisor.
• You can specify the types of financial decisions that your financial power of attorney can make on your behalf. For example, you may want to give them the authority to manage your investments, but not your retirement accounts.
• You can also specify any limitations or restrictions on your financial power of attorney’s authority. For example, you may want to limit the amount of money they can spend on your behalf or require them to obtain your permission for certain decisions.
• It’s important to discuss your wishes with the person you want to appoint as your financial power of attorney. This will help ensure that they understand their responsibilities and can make decisions that align with your wishes.
• You should also consider updating your financial power of attorney periodically to reflect any changes in your financial situation or personal circumstances.

Overall, creating a financial power of attorney with WillMaker can provide peace of mind knowing that your financial affairs will be managed by someone you trust in the event of your incapacity or absence.

Living Will

A Living Will, also known as an Advance Directive, is a legal document that outlines your wishes for medical treatment in the event that you are unable to communicate your decisions due to illness or injury. With WillMaker, you can create a Living Will that complies with the laws of your state and includes your specific instructions for end-of-life care.

What is a Living Will?

A Living Will is a document that outlines your medical treatment preferences in the event that you are unable to communicate your decisions due to illness or injury. It is important to have a Living Will because it ensures that your wishes are respected and that you receive the medical treatment that you want, rather than treatment that may be against your beliefs or values.

What can you include in a Living Will?

With WillMaker, you can include specific instructions in your Living Will about the types of medical treatment you want or do not want, such as:

• Whether you want to be kept on artificial life support
• Whether you want to be resuscitated if your heart stops
• Whether you want to be given pain medication
• Whether you want to be an organ donor

You can also include information about your end-of-life care preferences, such as:

• Whether you want to be at home, in a hospice, or in a hospital
• Whether you want to be surrounded by family and friends
• Whether you want to be kept comfortable with no aggressive medical treatment

It is important to note that a Living Will only applies if you are unable to communicate your decisions due to illness or injury. It does not apply to routine medical decisions or emergency medical treatment.

Is a Living Will the same as a Last Will and Testament?

No, a Living Will is not the same as a Last Will and Testament. A Last Will and Testament is a legal document that outlines how you want your assets and property to be distributed after your death. A Living Will, on the other hand, outlines your medical treatment preferences in the event that you are unable to communicate your decisions due to illness or injury.

While a Living Will and a Last Will and Testament are two separate documents, they are both important components of estate planning. It is recommended that you create both a Living Will and a Last Will and Testament to ensure that your wishes are respected and that your loved ones are taken care of after your death.

Managing Your Assets with WillMaker

Revocable Living Trust

A revocable living trust is a popular tool for managing one’s assets, especially for those who wish to avoid probate and maintain control over their assets during their lifetime. A revocable living trust allows you to transfer ownership of your assets to the trust, which can then be managed by a trustee according to the terms of the trust.

Some key features of a revocable living trust include:

• Flexibility: A revocable living trust is a flexible tool that can be amended or revoked at any time, hence the term “revocable.” This means that you have control over your assets while you are alive and can make changes to the trust as needed.
• Avoidance of Probate: One of the main benefits of a revocable living trust is that it can help to avoid probate. When you pass away, the assets in the trust can be transferred to your beneficiaries without going through the probate process, which can save time and money.
• Management of Assets: A revocable living trust can also help to manage your assets during your lifetime. For example, if you become incapacitated and unable to manage your own affairs, the trust can designate a trustee to manage your assets on your behalf.
• Protection of Assets: A revocable living trust can also provide protection for your assets in the event of a lawsuit or creditor claim. Since the assets are owned by the trust, they are generally not accessible to creditors.

In summary, a revocable living trust is a powerful tool for managing your assets and can provide many benefits, including avoiding probate, managing assets during your lifetime, and protecting your assets from creditors.

Durable Power of Attorney

A durable power of attorney is a legal document that grants a trusted individual the authority to make financial and medical decisions on your behalf if you become incapacitated. With WillMaker, you can create a durable power of attorney as part of your estate planning process.

Here’s how it works:

• Choose the person you want to appoint as your agent: You’ll need to select someone you trust to act in your best interests and make important decisions on your behalf.
• Customize your power of attorney: WillMaker allows you to customize your power of attorney to suit your specific needs. You can specify the types of decisions your agent can make, such as managing your finances, selling property, or making medical decisions.
• Specify the terms of your power of attorney: You can also specify the terms of your power of attorney, such as when it takes effect, how long it lasts, and under what circumstances it can be revoked.

Creating a durable power of attorney with WillMaker is a simple and straightforward process that can give you peace of mind knowing that your assets and well-being will be taken care of if you become unable to manage them yourself.

A Living Will, also known as an Advance Directive, is a legal document that outlines your wishes for medical treatment in the event that you are unable to communicate your decisions due to illness or injury. With WillMaker, you can create a Living Will that reflects your specific wishes and preferences.

The Living Will in WillMaker allows you to specify the types of medical treatments you want to receive or decline, such as life-sustaining treatments, pain management, and organ donation. You can also designate a healthcare proxy, or agent, to make medical decisions on your behalf if you are unable to communicate.

By creating a Living Will with WillMaker, you can ensure that your medical wishes are respected and that your loved ones are guided by your decisions in the event of a medical emergency. This can provide peace of mind for both you and your family, knowing that your medical treatment preferences are clearly stated and legally binding.

Sharing and Securing Your Will with WillMaker

Sharing Your Will with Beneficiaries

When it comes to estate planning, sharing your will with beneficiaries is an important step in ensuring that your final wishes are carried out after your passing. WillMaker software allows you to easily share your will with your beneficiaries, giving them access to your final wishes and instructions.

Why is it important to share your will with beneficiaries?

Sharing your will with beneficiaries is important for several reasons. Firstly, it helps to ensure that your final wishes are carried out after your passing. By sharing your will with your beneficiaries, you can be sure that they understand your wishes and can take the necessary steps to carry them out.

Secondly, sharing your will with beneficiaries can help to prevent disputes and conflicts among family members after your passing. By being transparent about your final wishes, you can help to avoid misunderstandings and ensure that your loved ones are able to come together to honor your memory.

How can you share your will with beneficiaries using WillMaker?

WillMaker makes it easy to share your will with beneficiaries. Once you have created your will using the software, you can easily share it with your beneficiaries by sending them a link to the document. This link can be accessed by anyone with the password you choose, ensuring that only your beneficiaries have access to your will.

In addition to sharing your will with beneficiaries, WillMaker also allows you to secure your will by setting up a personalized password. This password is required to access your will, ensuring that only authorized individuals can view and access your final wishes.

What are the benefits of sharing your will with beneficiaries using WillMaker?

By sharing your will with beneficiaries using WillMaker, you can enjoy several benefits. Firstly, you can be sure that your final wishes are carried out after your passing, giving you peace of mind knowing that your loved ones will be able to honor your memory.

Secondly, sharing your will with beneficiaries using WillMaker can help to prevent disputes and conflicts among family members after your passing. By being transparent about your final wishes, you can help to avoid misunderstandings and ensure that your loved ones are able to come together to honor your memory.

Finally, sharing your will with beneficiaries using WillMaker is a convenient and secure way to ensure that your final wishes are carried out. With the ability to set up a personalized password and share your will with beneficiaries via a secure link, you can be sure that your will is in good hands.

Storing Your Will Securely with WillMaker

When it comes to storing your will securely, WillMaker offers a number of options to ensure that your wishes are protected and easily accessible to your loved ones after your passing. Here are some of the ways you can store your will with WillMaker:

• Safe deposit box: One of the most common ways to store a will is in a safe deposit box at a bank or other financial institution. WillMaker allows you to specify the location of your safe deposit box and provide the name and contact information of the institution where it is located. This ensures that your will is easily accessible to your loved ones in the event of your death.
• Trust company or lawyer: Another option is to store your will with a trust company or lawyer. WillMaker allows you to specify the name and contact information of the trust company or lawyer who will hold your will, as well as any additional instructions or special provisions that you want to include.
• Cloud storage: WillMaker also allows you to store your will in the cloud, using services like Dropbox or Google Drive. This can be a convenient option if you want to ensure that your will is accessible from anywhere, as long as you have an internet connection.
• Printed copy: Finally, you can choose to store a printed copy of your will in a safe and accessible location, such as a fireproof safe or a locked cabinet. WillMaker provides a PDF version of your will that you can print out and keep in a physical location.

No matter which option you choose, it’s important to make sure that your loved ones know where to find your will in the event of your death. This can help to avoid confusion and ensure that your wishes are carried out as you intend.

Updating Your Will with WillMaker

Making changes to your will is an important aspect of estate planning, and WillMaker makes it easy to update your will as your life circumstances change. Here’s how you can update your will using WillMaker:

Step 1: Open Your WillMaker File

To update your will, you’ll need to open the WillMaker file that contains your existing will. To do this, simply open WillMaker and select the “Open” button to access your saved will.

Step 2: Make Changes to Your Will

Once you’ve opened your will, you can make changes to it by adding, deleting, or modifying sections. WillMaker allows you to easily add or remove beneficiaries, update the distribution of assets, and make other changes to your will.

Step 3: Save Your Updated Will

After you’ve made changes to your will, be sure to save your updated will by selecting the “Save” button. WillMaker will automatically save your changes and provide you with a new file name for your updated will.

Step 4: Print or Store Your Updated Will

After you’ve saved your updated will, you’ll need to print or store it in a safe place. WillMaker allows you to print your will directly from the program, or you can save it as a PDF file and store it on a USB drive or in the cloud.

It’s important to note that updating your will can have legal consequences, so it’s recommended that you consult with an estate planning attorney before making any significant changes to your will. An attorney can help you understand the legal implications of making changes to your will and ensure that your updated will meets all legal requirements.

By following these steps, you can easily update your will using WillMaker and ensure that your estate plan remains up-to-date with your current life circumstances.

WillMaker Pricing and Subscription Plans

Individual Plan

WillMaker offers an Individual Plan that is designed for individuals who need to create a single will. With this plan, you can create a will that covers all the essential aspects of estate planning, including naming guardians for minor children, designating beneficiaries for assets, and appointing an executor to manage your estate after your passing.

The Individual Plan also includes access to WillMaker’s comprehensive library of legal forms and documents, which can be useful for creating other important estate planning documents, such as a living will or power of attorney.

One of the benefits of the Individual Plan is its affordability. The cost of the plan is a one-time fee, and there are no hidden fees or recurring charges. This makes it an ideal option for individuals who are on a budget and do not require the additional features offered by WillMaker’s other subscription plans.

Additionally, the Individual Plan is easy to use, and it provides step-by-step guidance to help you create a will that meets your specific needs. You can also save your work and return to it later if you need to make changes or updates.

Overall, the Individual Plan is a great option for individuals who need to create a simple will and do not require the additional features offered by WillMaker’s other subscription plans.

Family Plan

WillMaker offers a subscription plan that allows multiple users to create their own wills, making it a suitable option for families. This plan is ideal for those who want to ensure that their loved ones are taken care of after their passing. The Family Plan is a cost-effective solution that enables family members to create and store their wills securely in one place.

The Family Plan offered by WillMaker is a flexible and affordable way for families to create and manage their wills. With this plan, you can create and store multiple wills, which means that each family member can have their own will without having to pay for multiple subscriptions. The plan also allows you to securely store important documents, such as insurance policies and funeral wishes, which can be accessed by designated beneficiaries in case of an emergency.

Additionally, the Family Plan offers the convenience of easy updates and revisions to your wills. As your family’s needs change over time, you can update your wills without having to start from scratch. This is particularly helpful for families with children, as they can update their wills to reflect changes in guardianship or inheritance wishes as their children grow older.

In summary, the Family Plan offered by WillMaker is a practical and affordable solution for families looking to create and manage their wills. It provides a secure platform for storing important documents and offers the flexibility to update and revise wills as needed.

Compare Plans

WillMaker offers a range of subscription plans to meet the diverse needs of its customers. Each plan is designed to provide users with different levels of access and features to create and manage their wills and other legal documents.

The three main subscription plans offered by WillMaker are:

• Basic Plan: This plan is the most affordable and provides users with access to basic features, including creating a simple will, a living will, and a power of attorney. This plan is suitable for individuals who have simple estate planning needs and do not require advanced features.
• Standard Plan: This plan offers a more comprehensive set of features, including creating a will with complex provisions, a living will, a power of attorney, and a health care proxy. It also provides users with access to additional resources, such as legal guides and templates, to help them navigate the estate planning process. This plan is suitable for individuals with more complex estate planning needs.
• Premium Plan: This plan provides users with the most advanced features and resources, including creating a will with unlimited provisions, a living will, a power of attorney, a health care proxy, and a trust. It also includes access to legal and financial experts for personalized advice and support. This plan is suitable for individuals with advanced estate planning needs and those who require more comprehensive support.

It is important to note that all subscription plans come with a 30-day money-back guarantee, allowing users to try the software risk-free before committing to a long-term subscription. Additionally, WillMaker offers discounts for customers who purchase an annual subscription instead of a monthly subscription, providing a more cost-effective option for those who require ongoing access to the software.

Frequently Asked Questions about WillMaker

Is WillMaker Right for Me?

If you’re considering using WillMaker to create your last will and testament, you might be wondering if it’s the right choice for you. Here are some factors to consider when deciding if WillMaker is the right tool for your estate planning needs.

• Ease of Use: One of the biggest advantages of WillMaker is its user-friendly interface. If you’re not familiar with legal terminology or estate planning concepts, WillMaker can help guide you through the process of creating a will that meets your needs.
• Customization: WillMaker allows you to customize your will to include specific wishes or instructions for your loved ones after your death. This can include details about funeral arrangements, guardianship for minor children, and distribution of assets.
• Affordability: WillMaker is a cost-effective option for estate planning, with prices starting at $39.99 for a single will and $79.99 for a bundle that includes a living will and power of attorney.
• Legal Validity: WillMaker has been designed to meet the legal requirements for creating a valid will in most states. However, it’s always a good idea to have your will reviewed by a lawyer to ensure that it meets the specific requirements of your state.

Overall, WillMaker can be a great option for individuals who want to create a simple will without the need for a lawyer. However, if your estate is complex or you have unique circumstances that require a more customized approach, you may want to consider working with an estate planning attorney.

Can I Create a Will Without a Lawyer?

Is it Legal to Create a Will Without a Lawyer?

In most states, it is legal to create a will without a lawyer. However, the validity of a will created without a lawyer may be challenged in court if it does not meet certain legal requirements. Therefore, it is important to ensure that your will is properly executed and meets all legal requirements.

What are the Benefits of Creating a Will Without a Lawyer?

One of the main benefits of creating a will without a lawyer is cost savings. Hiring a lawyer to create a will can be expensive, and using WillMaker software can save you money. Additionally, creating a will without a lawyer gives you more control over the process and allows you to create a will that reflects your unique circumstances and wishes.

What are the Risks of Creating a Will Without a Lawyer?

One of the main risks of creating a will without a lawyer is the potential for errors or omissions. Without legal training, it can be easy to overlook important legal requirements or make mistakes that could invalidate your will. Additionally, without a lawyer’s guidance, you may not fully understand the legal implications of certain decisions or provisions in your will.

How Can WillMaker Help Me Create a Will Without a Lawyer?

WillMaker software is designed to help you create a legally valid will without a lawyer. The software provides guidance and advice on legal requirements and includes templates and forms that can be customized to meet your specific needs. Additionally, WillMaker offers a review service where a licensed attorney can review your will to ensure that it meets all legal requirements.

In summary, while it is legal to create a will without a lawyer, it is important to ensure that your will meets all legal requirements and accurately reflects your wishes. WillMaker software can help you create a legally valid will without the need for a lawyer, saving you time and money.

How Long Does a Will Last?

A will is a legally binding document that outlines how a person’s assets and property should be distributed after their death. The length of time a will lasts depends on several factors, including the jurisdiction in which it was created, any changes to the individual’s circumstances, and whether or not it has been revoked.

In general, a will can last for an indefinite period of time, provided it remains valid and up-to-date. This means that as long as the will has been properly executed and is not invalidated by a court of law, it will remain in effect until it is replaced by a new will or until the individual dies.

However, it is important to note that changes to an individual’s circumstances, such as marriage, divorce, or the birth of a child, can render a will invalid or outdated. In these cases, it may be necessary to create a new will to ensure that the individual’s wishes are carried out after their death.

Additionally, it is important to review and update a will periodically to ensure that it remains valid and up-to-date. This can help to prevent any potential legal challenges or disputes that may arise if the will is found to be invalid or outdated.

Overall, the length of time a will lasts depends on several factors, including the jurisdiction in which it was created, any changes to the individual’s circumstances, and whether or not it has been revoked. As long as the will remains valid and up-to-date, it can last for an indefinite period of time.

What Happens if I Die Without a Will?

Without a last will and testament, your assets will be distributed according to the laws of your state. This is known as intestate succession, and it may not necessarily reflect your wishes or provide for your loved ones as you would like.

If you die without a will, your estate will go through probate, which is the legal process of administering a deceased person’s assets. The court will appoint a personal representative to manage your estate, and your assets will be distributed according to a predetermined order of priority, which may vary depending on your state’s laws.

If you are married with children, the distribution of your assets may be different if you die without a will compared to if you had a will. For example, in some states, the surviving spouse may inherit all of the property, while in others, the property may be divided among the spouse and children. Without a will, there may be additional expenses and delays in the probate process, and your loved ones may not have the same control over your assets and your estate.

In addition to determining how your assets will be distributed, not having a will can create uncertainty and conflict among your loved ones, particularly if there are any disputes or disagreements about your wishes. It can also result in unnecessary legal fees and expenses, as the court may need to appoint a guardian for any minor children or a conservator for any incapacitated or disabled beneficiaries.

In summary, not having a will can have serious consequences for your loved ones and your estate. It is important to have a valid will in place to ensure that your assets are distributed according to your wishes and to avoid any potential conflicts or legal issues.

Recap of Key Features and Benefits of WillMaker

When it comes to estate planning, WillMaker is a software that has been widely used by individuals and families. The software is designed to simplify the process of creating a will, and it offers a range of features that make it an attractive option for those who want to plan for their assets and family after they pass away. In this section, we will provide a recap of the key features and benefits of WillMaker to help you understand what it can offer.

• Easy-to-use interface: WillMaker has a user-friendly interface that is easy to navigate, even for those who are not tech-savvy. The software provides step-by-step guidance, making it simple for users to create a will that meets their needs.
• Customizable templates: WillMaker offers customizable templates that can be tailored to meet the specific needs of individuals and families. The templates cover a range of scenarios, including simple wills, complex estates, and trusts.
• Secure storage: Once a will is created using WillMaker, it can be securely stored in the cloud or on a user’s computer. This ensures that the will is easily accessible and can be updated as needed.
• Collaboration tools: WillMaker allows users to invite family members or trusted friends to collaborate on the creation of a will. This can help ensure that everyone is on the same page and can avoid misunderstandings or disputes after the individual’s death.
• Legal guidance: WillMaker provides legal guidance throughout the process of creating a will. This can help users make informed decisions and ensure that their wishes are accurately reflected in their will.
• Affordable: WillMaker is an affordable option for estate planning, especially compared to hiring an attorney to create a will. The software is available for a one-time fee, and there are no ongoing costs or fees.

Overall, WillMaker is a comprehensive estate planning tool that offers a range of features and benefits. Whether you are creating a simple will or a more complex estate plan, WillMaker can provide the guidance and support you need to ensure that your assets and family are taken care of after your death.

Final Thoughts on Estate Planning with WillMaker Software

After reviewing the various features and capabilities of WillMaker, it is clear that this software offers a comprehensive solution for estate planning. With the ability to create multiple wills, a living trust, and other important documents, WillMaker provides a convenient and cost-effective way to plan for the future.

However, it is important to note that estate planning is a complex process that requires careful consideration of many factors. While WillMaker can help simplify some aspects of the process, it is still essential to work with a qualified estate planning attorney to ensure that all of your needs are met.

Additionally, it is important to regularly review and update your estate plan to reflect changes in your personal circumstances or the law. WillMaker can help make this process easier by allowing you to quickly and easily update your documents as needed.

Overall, WillMaker is a valuable tool for anyone looking to take control of their estate planning needs. By providing a user-friendly platform for creating important legal documents, WillMaker can help simplify the estate planning process and give you peace of mind knowing that your wishes will be carried out in the event of your death.

FAQs

1. How many wills can I create with WillMaker?

With WillMaker, you can create one primary will and unlimited codicils. A primary will is a legal document that outlines how you want your assets distributed after your death, and who you want to be the guardian of any minor children. A codicil is a supplement to your primary will that updates or modifies specific provisions in the event of a significant life change, such as a divorce or the birth of a child.

2. Can I create a living will with WillMaker?

Yes, you can create a living will, also known as an advance directive, with WillMaker. A living will outlines your end-of-life medical treatment preferences, such as whether you want to be kept on life support or receive palliative care only. It is important to note that a living will is separate from a primary will and does not involve the distribution of assets after your death.

3. Is there a limit to the number of beneficiaries I can name in my will with WillMaker?

No, there is no limit to the number of beneficiaries you can name in your will with WillMaker. You can name individual beneficiaries, such as family members or friends, as well as charitable organizations or other non-profit entities. You can also name contingent beneficiaries, who will receive your assets if your primary beneficiaries are no longer alive.

4. Can I create a will for my pet with WillMaker?

Yes, you can create a will for your pet with WillMaker. This is known as a pet trust, and it outlines how you want your pet cared for after your death, including who you want to be the trustee responsible for managing the trust and how you want your pet’s care to be funded.

5. Is WillMaker only for US residents?

WillMaker is designed for use by US residents only. However, if you are a non-US resident with assets in the US, you may still be able to use WillMaker to create a will for your US assets. It is important to consult with an estate planning attorney or financial advisor to ensure that your will meets all legal requirements and complies with US tax laws.

How To Make a Valid Will In Less Than Four Minutes