Simple Estate needs. Designate heirs evenly, name an executor, and appoint a guardian for minor children. Includes Power of Attorney and Health Documents.
Everything in the Simple Will plus the ability to customize how and when your assets and possessions are inherited. Enhanced trust options for beneficiaries, pets, and favorite charities.
Maximize protection of your estate by avoiding probate. Get everything included in the Custom Will Plan, plus designate a successor trustee to manage and distribute your assets without government interference.
*Origin will determine, based on your state of residence, whether your health care legal documents include an Advance Health Care Directive, or a Health Care Power of Attorney and a Living Will.
**Some States do not recognize a TPPM. In this case, this document is something your Executor and Beneficiaries can use as guidance.
No. Generating the documents is a one time fee. MyAdvocate includes an initial period of free support and maintenance based on the product. You will be sent a reminder email prior to your free period expiring about renewing your support another year.
A Revocable Living Trust is easy and straightforward. Once setup, if you do nothing more, it’s a complete plan that will handle your estate as you specified in a more private way. To gain the additional benefits of avoiding Probate for certain assets, existing assets will need to be either retitled in the name of the Trust or the Trust set as the beneficiary. As you purchase new assets, buy them in the name of the trust. You can buy or sell assets into or out of your trust at any time. You don’t need a bank account or EIN/TIN for the trust as it’s considered a disregarded entity with the IRS, everything flows to your tax return.
There is no additional cost from MyAdvocate to have legally valid documents. For some documents, you will need to notarize the final page with a Notary. Many people can get notary services for free from their employer or bank. There are many low-cost notary services such as The UPS Store, AAA stores, etc..
Pet Trust allows you to specify an amount of money, designate who will be in charge of the money and who will be the caretaker of your pet. (along with backups for each role and note they can be the same person)
Your plan is good for your lifetime. If you want to make changes and you don’t have a support plan, you can come back to MyAdvocate anytime in the future and purchase a plan with a 20% discount.
Yes, it's completely legal to create an estate plan online. MyAdvocate provides step-by-step instructions to help you "make it official" without the help of an attorney.
An estate plan is a set of legal documents that protect you, your loved ones, and your belongings in the event of an emergency or when you pass away.
The government has a rigid set of rules that apply when you neglect to create your own estate plan, leaving you without a voice. That’s why we believe all Americans should have an estate plan.
Although the terms Will and Living Will sound alike, they are different parts of an overall estate plan. A Will, formally known as a Last Will and Testament, is a document where people leave their assets to their desired beneficiaries. A Living Will is a document in which you specify what treatment you would want or not want to be used to keep you alive.
Yes. While estate planning is often associated with the wealthy, most people, and their loved ones, can benefit from putting legal affairs in order - even if they’re not wealthy. Without an estate plan, your state legislature decides who gets your assets and, if you have minor children, who will care for them. Typically, without estate planning, the state courts will pass on any assets you own at your death to your closest relatives, even if that would not have been your choice.
Estate planning gives your family a roadmap to follow when you pass away or become incapacitated, making sure your belongings are passed on to those you select, and designating who will have the authority to oversee that your wishes are honored. Failing to address your estate may result in wishes not being followed along with those closest to you having to deal with an administrative mess.
An arrangement where a person (the trustee) holds assets for the good of one or more beneficiaries.
One of the main benefits of setting up a Living Trust is to keep your estate out of probate. Probate publicizes your wishes and requires attorney involvement, which can not only get costly and take months to years to finalize, but also increases the likelihood of estate settlement conflict.