Please reach us at legal@adeleunderwood.com if you cannot find an answer to your question.
Wills By You, LLC is a DIY estate planning company that provides affordable legal services related to estate planning and asset protection.
Wills By You offers a range of legal services related to estate planning, including Wills, Powers of Attorney, HIPAA Authorizations, and Healthcare Directives. We also provide assistance with asset protection services, insurance, tax strategies, wealth management and financial planning.
Estate planning is important because it allows you to have control over your assets and how they are distributed after your death. It also helps to minimize taxes and avoid probate, which can be time-consuming and expensive.
Probate is a legal process that occurs after someone dies, in which their assets are distributed according to their will or state law. Probate can be time-consuming and expensive, and it can also be a public process that exposes your assets and beneficiaries to scrutiny. By creating an estate plan that avoids probate, you can help ensure that your assets are distributed quickly, efficiently, and privately.
An estate plan can typically includes a will, trust, power of attorney, hipaa authorization and healthcare directive. Depending on your situation, other documents such as a living will or a special needs trust may also be necessary.
It is recommended that you review your estate plan every three to five years, or whenever you experience a major life change such as marriage, divorce, or the birth of a child. Updating your estate plan can help ensure that it continues to meet your needs and reflects your current wishes.
A will is a legal document that outlines how your assets will be distributed after your death. A trust, on the other hand, is a legal arrangement in which you transfer ownership of your assets to a trustee, who manages them on behalf of your beneficiaries. A trust can help you avoid probate and may offer tax benefits.
A Power of Attorney is a legal document that grants someone else the authority to act on your behalf in certain legal and financial matters. This can include managing your finances, paying bills, and making medical decisions if you are unable to do so. By creating a Power of Attorney, you can ensure that your affairs are managed according to your wishes even if you are unable to manage them yourself.
A living will is a legal document that outlines your wishes regarding end-of-life medical treatment, such as whether you want life-sustaining treatment if you are in a terminal condition. A healthcare directive, on the other hand, is a broader document that appoints someone to make medical decisions on your behalf if you are unable to do so. It can also include instructions for your medical care if you are unable to communicate your wishes.
A living trust is a legal document that allows you to transfer your assets into a trust during your lifetime. The trust is managed by a trustee, who is responsible for distributing the assets to your beneficiaries according to your wishes.
A living trust can help you avoid probate, which can be a lengthy and expensive process. It also provides more privacy than a will, which becomes a matter of public record after your death. Additionally, a living trust can be used to protect assets from creditors and provide for minor or disabled beneficiaries.
Yes and No. Wills By You is a DIY legal software company. We do not offer DIY trust services. However, all documents are created by licensed attorneys. As such, our attorney partners are available to we offer trust administration services to help clients manage their trusts and ensure that their assets are distributed according to their wishes. Our experienced attorneys can guide you through the process and help ensure that your trust is administered properly and efficiently.
Currently we offer estate planning services to clients in Alabama, Michigan, Texas, New York, Illinois, and New Jersey. We are actively adding more states. If your state is not covered, please email us at legal@adeleunderwood.com to add your state to our waitlist.
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