In conclusion, as you prepare to say “I do,” remember that love is not just about the grand gestures and romantic moments. Just like with your wedding preparations, take it one step at a time. After all, this is all about ensuring a secure and happy future for both of you! Save Time, Money, and Stress with Online Estate Planning If you need additional guidance or support, you can add on Attorney Support via Trust & Will for more customized solutions for an additional $200. Have open and honest discussions with your partner, and don’t be afraid to seek professional advice if needed. Plus, the process is straightforward and user-friendly, making it accessible even if you’re not familiar with legal jargon. You don’t need to make appointments or travel to a lawyer’s office. With an online platform, you can create your estate plan from the comfort of your home, on your own schedule. Plus, they offer unlimited updates for one year, and then a low annual fee for continued updates after that.Īnother advantage of Trust & Will is convenience. Their packages start at just $259 for a customized will for couples, and $699 for a revocable living trust. The platform provides the necessary legal documents for estate planning at a fraction of the cost of traditional estate planning attorneys. In contrast, Trust & Will offers a more budget-friendly solution. On top of that, keeping your documents updated with an attorney can add extra fees over time. According to recent data, the average cost of hiring an estate planning attorney can range from $1,000 to $3,000. While hiring an estate planning attorney can provide expert guidance and ensure legal compliance, it can also be quite costly. Why Trust & Will is a Savvy Alternative to Expensive Estate Planning Attorneys There are resources available online that can help guide you through the process, such as Trust & Will! But remember, it doesn’t have to be a stressful process. We understand that estate planning can feel overwhelming, especially when you’re in the midst of wedding planning. As you’re about to start a new life together, it’s essential to revisit (or create) your will and trust to reflect your new reality. These documents outline how you want your assets to be distributed after your death. It’s a sobering thought, but it’s better to have these plans in place and not need them than the other way around. These documents allow you to designate who will make financial and health decisions on your behalf should you become incapacitated. Powers of Attorney and Healthcare Directives This can be especially important if either of you has children from previous relationships or significant assets you want to protect. They’re about understanding and clearly defining financial expectations and responsibilities within your marriage. Often misunderstood, prenuptial agreements aren’t about mistrust or anticipating divorce. Hence, it becomes crucial to consider your joint estate planning. Estate Planning Matters for Engaged Couplesīeing engaged is a critical period in your life, where you and your partner start to merge not only your lives but also your finances. Just like with budgeting and saving for your wedding, it’s all about being prepared and making sure you and your future spouse are on the same page. We know it sounds a bit dreary amidst all the excitement of choosing flowers and tasting cakes, but it’s an important part of preparing for your life together.īut trust us when we say that it’s never too early to start thinking about these things. It’s about more than just finances and property it’s about planning for the unexpected and ensuring that your wishes are respected, even if you’re unable to communicate them. When we talk about estate planning, we’re not just referring to who gets what after you’re gone. Every couple, regardless of age or financial status, can benefit from having a plan in place that outlines their wishes for their assets and healthcare decisions. It’s important to note that estate planning is not only for the wealthy or the elderly. Now, we know what you might be thinking: “Estate planning? Isn’t that for older people?” or “We don’t have a lot of assets, so why would we need to worry about this?” While this is undoubtedly an exciting time full of love and joy, there are also some practical matters to consider as you prepare to begin your life together. If you’re reading this, there’s a good chance that you’re currently basking in the glow of engagement and eagerly planning for your upcoming wedding.
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