An estate plan is a set of legal documents that protect you, your loved ones, and your belongings in the event of an emergency or when you pass away. Unfortunately, the government has a rigid set of rules that apply when you neglect to create an estate plan, leaving you without a voice and increased expenses for your family. That’s why we believe all Americans should have an estate plan.
According to information sourced from SSRN’s COVID-19 and Formal Wills study, roughly 68% of Americans do not have a will:
“Most Americans do not have a will. The reasons are easy to understand. Thinking about death is unpleasant, and hiring a lawyer is expensive.”
MyAdvocate specializes in technology that helps people build wills and trusts to “provide every American with the tools, knowledge, and support to build their legacy and take care of those they love.”
Creating legal documents that cover the basic concerns, such as investments, personal items, and who will be in charge of distributing your assets is both inconvenient and costly to many Americans due to the lack of knowledge, costs of an attorney, and time.
MyAdvocate estate planning offers affordable and convenient solutions.
With over four decades of legal experience, MyAdvocate’s team is comprised of leading estate planning experts and professionals that have helped thousands of Americans set up comprehensive wills and trusts for every State.
Here are of MyAdvocates verified customer testimonials:
“As a small business owner, I wanted to make sure I was doing everything I could to protect the future of my business. MyAdvocate made it easy to plan ahead,” said Brent.
Nancy emphasized that “Building our estate plan with MyAdvocate was so helpful! The process was easy, and now I feel like my family is protected!”
MyAdvocate offers three plans: Simple Will, Custom Will, and Living Trust.
The Simple Will plan is great for young couples and new families with basic needs and for those planning to distribute everything they own equally across beneficiaries. It includes beneficiary and guardianship designation, selecting executors, as well as financial and health care power of attorney.
The Custom Will plan offers substantially more flexibility. MyAdvocate usually sees this plan selected by those who want to be specific in who gets what and when. This plan allows will-makers to include specific individuals as beneficiaries of particular assets, customize the percentage beneficiaries will receive from the estate, spousal trusts, pet trusts, special needs trusts, time-based beneficiary trusts, proportional beneficiary allocations, inheritance divorce protection, and option for a no-contest clause.
The Living Trust plan is really a great way to remove the emotional and financial burden your family has to deal with after you pass away. It has all the features of the Custom Will plan and provides advantages of faster estate settlements saving months or years, streamlined communication with advocates, avoiding probate court, and the elimination of probate legal expenses.
MyAdvocate lets you build a full estate plan and review it for free. You only pay once you are ready to sign it. Americans can learn more about estate planning in MyAdvocate’s Learn Center, or by simply taking the assessment and building a plan on MyAdvocate’s official website.
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