A Complete Estate Plan for Your Entire Family Quicken WillMaker & Trust 2024: Book & Online Software Kit is the easiest way to create your estate plan, whether you're just getting started or want to update your previous arrangements. With this book, you get access to powerful software that guides you through the process from beginning to end, giving you the practical and legal information you need to make the best decisions for you and your family. Quicken
WillMaker is the original estate planning software created and updated regularly by Nolo's experts. Buying this book gives you access to the software. You can choose to make your estate plan online or using software downloaded to your computer. As you're making your estate plan, you'll use the book as a guide and legal manual. Included Documents:
Wills. The heart of every
estate plan is a will, also known as a last will and testament. This legal
document puts you in control of who inherits your property and who would
take care of your children if it were ever necessary. Without a will,
state law determines these issues. Making a will rarely involves
complicated legal rules. If you're like most people, you won't need a
lawyer. With good do-it-yourself materials, it's simple and easy to make a
will that takes care of basic concerns, such as leaving a home,
investments, a small business, and personal items to your loved ones.
Living Trusts. A revocable
living trust, unlike a will, offers a fast, private, probate-free way to
transfer one's property after death. Although a living trust is not a
complete substitute for a will (it doesn't allow you to name a guardian
for a child, for example), it can be a more efficient way to transfer
property at death, especially large-ticket items such as a house.
Transfer on Death Deeds. Transfer
on death (TOD) deeds transfer property to your beneficiary when you die,
without probate. Before your death, you still own the property, and you
can revoke the deed (or make a new one) at any time. TOD deeds provide
some of the best features of both wills and living trusts. Like living
trusts, TOD deeds keep the property out of probate. Like wills, they are
simple to make, revise, and revoke. So for many people, particularly those
whose largest asset is their house, TOD deeds can replace the need for a
living trust. (You'll still almost certainly need a will.)
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