What is the difference between a will and a trust, and which one do I need?
A will is a legal document that specifies how you want your assets distributed and allows you to name guardians for minor children after your death. It is a cost-effective way to handle your affairs but must go through probate court, which can be time-consuming and public. A trust, on the other hand, allows you to manage and transfer your assets privately during your lifetime and after death, avoiding probate court. Trusts offer more control, can address complex situations, and are ideal for homeowners. The best choice depends on your personal circumstances; our AI assistant can help you determine which option suits you best.
What is probate?
Probate is the legal process of validating a will, settling debts, and distributing assets after someone’s death. It ensures your wishes are followed but can be time-consuming, public, and costly. Trusts help avoid probate, offering a faster, private way to transfer assets.
How does the AI-based interview process work?
Our AI-powered platform engages you in a personalized interview, asking questions relevant to your unique situation. Unlike generic forms, this interactive process allows you to provide detailed information about your circumstances and wishes. The AI then crafts a customized will or trust that reflects your specific needs. This ensures a comprehensive and personalized estate plan without the need for in-person appointments.
Is the will or trust created using this service legally valid?
Yes, all wills and trusts created through our service are legally valid and binding. Our AI interview process tailors the documents to comply with the specific laws of your state. Additionally, every document is reviewed by a licensed attorney in your state to ensure 100% legal compliance, giving you complete peace of mind.
Do I additionally need an attorney when using BetterEstate?
No, you don’t need an additional attorney. Our service includes legal review by licensed attorneys to ensure your documents are legally binding
Can I update my will or trust in the future?
Absolutely! Life changes, and so should your estate plan. Our platform allows you to easily modify your will or trust anytime. Simply log in to your account, and our AI assistant will guide you through the updates. Each revision will also be reviewed by a licensed attorney to maintain its legal validity.
Is my personal and financial information secure?
Yes, we prioritize your privacy and security. All your personal and financial data is encrypted and securely stored using industry-leading security measures. We adhere to strict confidentiality protocols and do not share your information with third parties without your consent. You can trust that your sensitive information is protected throughout the entire process.
