A will is a document that describes how your belongings should be distributed after you die. You can also use your will to nominate a guardian for your minor children. You can create a will online by using the Policygenius app, which helps you fill in all the necessary information.
A properly executed online will should be just as valid as one written by an attorney.
Like a will, a trust can also be used to distribute your belongings. However, the trust may allow you to have more control over how those belongings are distributed. You can create an online trust by using the Policygenius app to guide you through the process.
When the process is completed, you’ll have a valid legal document forming the trust.
No, anyone who wants future financial protection for their loved ones should start a will or trust. The law can get tricky, and you want to make sure your loved ones safely inherit your assets when you’re no longer around.
Probate is the legal process of deciding how your belongings are distributed. If you don’t have a will or trust, then the local court may decide how to distribute your stuff after you die. A will tells the court how you’d like your belongings to be distributed during probate, and assets in a trust may not need to go through probate at all.
A properly executed online will or trust should hold up in court. That means following all instructions after creating the will, including signing the will and having your witnesses sign your will.
Online wills are typically more affordable than a will you get from an attorney. Attorneys may charge between $1,000 and $3,000 on average to create your estate plan.
You can use the Policygenius app to create an online will for $120.
Like with wills, creating a trust online is typically more affordable than going to a lawyer. You can expect to pay thousands of dollars to have a lawyer write up your trust.
You can use the Policygenius app to create an online trust for $280 when you purchase our Plus package. The Plus package also includes a will.
To make your online will, start by downloading the Policygenius app, which will guide you through the process of creating a will. These are the steps you’ll need to follow to create your will using our app:
Decide who you want to inherit your belongings, who you want to administer your estate, and who you want to become guardian over your kids.
Fill out the will using the Policygenius app. You'll need to provide information like who's in your family, what types of your assets you have, and who’s going to inherit your estate.
Wait to receive the hard copy of your will in the mail.
You and your witnesses need to sign and date the will together. If you’re using a self-proving affidavit, you’ll need to do this in the presence of a notary public.
Keep your will safe. Find a secure location to store the will. Make sure your loved ones know where to find it.
You can use your will to give away virtually anything you own outright. Assets like community property or anything you’re not the sole owner of cannot be bequeathed if the other owners are still alive.
However, you may be able to bequeath just your portion of the items you jointly own.
Personal property includes most of your individual possessions, like cash and securities, personal items, and other “movable” things.
Real property includes land, houses, and other types of real estate — virtually anything where the right to own the item is covered by a title.
Any item you don’t explicitly name a beneficiary for becomes part of the “residue” of the estate. The residue will be divided up according to the terms of your will.
You’ll also use your will to nominate key people to handle your affairs after you’re gone, such as a personal representative (executor) to administer your estate, and a guardian to look after your dependents.
Although both trusts and wills allow your assets to be distributed after you die, trusts can sometimes be more complex than wills.
Some people may want one or the other and many people may need both, no matter how large or small their estate may be.
You might need a will if:
You might need a trust if:
Every state has different requirements for making a will. Learn your state’s requirements by clicking here.