How It Works

Our best-in-class estate planning document offering includes:

• Individual and Joint Revocable Trusts (i.e., Living Trusts): Includes a Pour-Over Will, Tangible Personal Property List (if applicable), General Assignment, Certificate of Trust, Schedule of Property, and Wealth’s proprietary Trust Owner’s Manual
• Last Will & Testament: Includes a Nomination of Guardianship, Tangible Personal Property List (if applicable), and Wealth’s proprietary Will Manual
• Advance Health Care Directive: Includes HIPAA Authorization
• Financial Power of Attorney
• Nomination of Guardianship

Each document includes state-specific signing instructions to make it easy to validate documents once drafting is complete.

No action is needed prior to getting started. Each step has guidance to help coach you through the process and decisions. It may be helpful to first think about the important people in your life - those who are financially responsible, share your values, and even extended family members or charities you might want to consider in your estate plan. Hear from our Chief Legal Officer, Anne Rhodes, about considerations for naming trusted decision makers in your documents. > Watch video

Our Wills and Trusts generally take members under 30 minutes to complete, and our Financial Power of Attorney and Advance Health Care Directives take under 15 minutes each.

The workflows are flexible — you can go through the full experience, save your selections and return easily to make changes, and finalize details at your convenience. Compared to the antiquated process of an estate attorney, this allows you to think about important decisions and make revisions from the comfort of your home, without the hassle or costs of making revisions through an attorney or additional charge.

People often assume that they should wait until after their child is born to create an estate plan, but with Wealth.com there is no reason to wait, and we encourage you to make a plan in advance to ensure your child is provided for in case something happens to you. Your membership allows you to easily update your plan once the baby arrives, along with any other changes that you need to make.

Our document creation also includes an option to “future-proof” your document so that distributions of assets to your children will automatically include “after-born” children (i.e. children born or adopted after you sign your document and it is legally valid).

Both a Will and a Trust allow you to designate what your beneficiaries will receive from your estate. That said, there are pros and cons to each, and a benefit to employing both documents in your estate plan. Read this article to learn more about what to consider when choosing to use a Will or a Revocable Trust.

When you draft your Revocable Trust with Wealth.com, we will include for you a shortened Last Will & Testament, known as a Pour-Over Will so your estate plan will be coordinated and comprehensive and no additional drafting is required.

You can also watch Anne Rhodes, our Chief Legal Officer, break down the differences between a Trust and a Will here. > Watch Video

Deciding who should serve in key roles in your estate planning documents might feel like a tough decision. To help you determine who might be a good fit, at each question in your workflow where you are prompted to select an individual to serve in a key role, you will be able to access suggestions about key traits to look for in the person you name.

To learn more, watch Anne Rhodes, our Chief Legal Officer, walk through factors to consider when naming trusted decision makers in your estate plan. > Watch

First, we recommend that you store your estate plan in your Vault to ensure your trusted contacts have access to those documents when the time comes.

You may also want to make updates to your estate planning documents. To learn more about reasons to keep an updated estate plan, watch this video from our Chief Legal Officer, Anne Rhodes. Updating your existing estate plan with Wealth.com is simple, and you can make unlimited updates to your documents so that your plan always reflects your current circumstances.

Trust Restatement / Modification

• If you have a revocable Trust-based estate plan, you will need to do a restatement of your Trust by entering the Trust workflow and selecting to “Restate your Trust”. You are able to keep the name of your existing trust, but change other terms and inputs when adopting the Wealth form.
• A restatement of your Trust completely replaces and supersedes all of the provisions of the original trust agreement. Once you sign the “restatement” you draft using the Wealth.com workflow, you will be completely replacing the existing trust agreement; you will not be able to keep any part of the old trust agreement.
• If you have an Irrevocable Trust, the Trust becomes more difficult to update given that by nature, it cannot be easily modified. For this reason, you can consult with an attorney in our network for guidance.

Last Will & Testament, Advance Health Care Directive including HIPAA Authorization, and Financial Power of Attorney Modification

• These documents generally revoke existing versions as soon as they are executed. You can begin your workflow by selecting the Document Center from the top navigation and selecting the corresponding document from your Checklist.
• We offer a guided document creation workflow to help you with each decision. Once you have completed your draft document, follow the state specific signing instructions provided to validate the document. Once signed, your new document will replace the existing version.

If you have an existing Will, it will be revoked automatically when you validate the Pour-Over Will that accompanies your new Revocable Trust. Your Revocable Trust output will include a shortened Last Will & Testament known as a Pour-Over Will. The Pour-Over Will ensures that your estate plan is coordinated between your Will and your Trust, so that your next of kin are clear on how you want your estate to be administered. Once your Trust and new Pour-Over Will are signed, you can destroy your old Will or write "superseded" across the front of it to avoid any confusion when it comes time to settle your estate.