Everything written in this article is correct as of August 29th 2018. Prices, services and review ratings change. We will attempt to update this post if there are material differences to the information presented here.
Comparing LegalZoom with USLegalWills.com – Executive Summary
Looking for an alternative to LegalZoom for writing your Will?
You may not have time to read this complete article, so here are the key points;
- Both LegalZoom and USLegalWills.com have been offering Will writing services for nearly 20 years now. The longevity of both companies is an important consideration when choosing an online Will service provider.
- In terms of the core Will writing service, USLegalWills.com has more options and more flexibility. It includes features like Pet Trusts, Lifetime interests trusts, a specific section on charitable bequests and Mirror Wills. There are no features in the LegalZoom service not available at USLegalWills.com
- USLegalWills.com is AT LEAST half the price of LegalZoom. When you take into consideration additional features like updates over time, USLegalWills.com is a fraction of the cost of LegalZoom (unlimited updates to all of your documents for 10 years is $34.95 at USLegalWills.com, at LegalZoom updates cost you $29.95 every single time you want to make a change!). There are also no ongoing subscriptions at USLegalWills.com and never any need to cancel a recurring payment.
- USLegalWills.com specializes in estate planning documents which means that customer service know estate planning, and the additional tools on the website are all geared towards estate planning. LegalZoom also specialize in business incorporation, trademarks and intellectual property service.
- USLegalWills.com have created a suite of services to support your Will. These include naming a keyholder to access your documents after you are gone, documenting your assets for your Executor through the MyLifeLocker service, uploading files to a digital vault for your loved ones, even writing messages to be distributed after you have passed away. LegalZoom only offer the downloaded documents and nothing else.
- Why is LegalZoom bigger? because they took a different corporate strategy in raising $800M of venture capital investment over the last few years. This gives the company a massive advertising budget. USLegalWills.com is privately held. This means that it is not driven by profitability and returns to investors, so we offer a fair service for a fair price. But this also means that we do not have $800M to spend on marketing!
Last year, we commissioned an independent study which showed that only 28% of Americans had a legal, up-to-date Will in place. Even if we took out the under 35’s from this survey, it showed that around two thirds of Americans did not have an up-to-date Will in place. The results clearly showed that most people don’t know when to write a Will, and that there is a common misconception that the best time to write one is later on in life.
When we looked specifically at under 35 year olds, nearly 90 percent of young American adults did not have an up-to-date Will in place!
Why are so many people woefully underprepared for their own death? Well, on a daily basis not many of us like to think about our inevitable demise. Frankly, Its just morbid and something that most of us don’t want to think about. Like going to the dentist or sitting an exam, there are some uncomfortable scenarios that we put off for as long as possible. Writing a Will should not be one of them, but it seems that the thought of going over your possessions and paying a lawyer is just too much effort for most people. Granted, writing a Will isn’t fun and when you’re young there are a million and one exciting things you would rather do but it’s really not such a long and laborious process as you might think. To help you see the benefits of having a Will we have outlined the reasons why you’re (almost) never too young to write one.
When to write a Will? Death comes to us all
You shouldn’t think of writing a Will as a once-in-a-lifetime activity. You do not have to wait for the perfect time when your family and financial situation has permanently settled down. We encourage everybody to write their Will today, and then update it throughout your life as your circumstances change. Continue reading
Why you should name guardians for children
Many people think the time to make a Will is when they’re old and two steps from the grave. That is not the case. Whenever anyone begins to acquire assets or income, they should think about a Will. On the personal side, whenever anyone becomes a parent, they need to anticipate that they may not survive until the child becomes an adult. It may be unlikely, but having a Will in place provides some insurance, and allows you to name guardians for children.
These are some of the main advantages of having a Will if you have children. If you have children, a Will is a must.
Naming guardians for children.
A guardian of is someone who takes the place of the parent and assumes the responsibility of raising the child until the child reaches the age of majority, typically 18 years of age. Raising the child means caring for their education, attending to all the child’s health issues, Continue reading
“A note on Privacy: the protection and security of the documents created on our web site are of critical importance. In particular, we cannot access any information contained in a specific Will, nor can we read a person’s Will. However, we are able to access aggregated data on planned giving from an encrypted database folder that summarizes the number of times particular choices have been made within our service. We cannot connect this information to individual accounts. It is this data that has been mined to provide the information in this post”
Background to our study
At USlegalWills.com, we help thousands of Americans create their Last Will and Testament. A Will contains a lot of important information, such as who will be the guardians of your children and who will receive your house after you pass on, and it can also serve as a great way to give back to the community upon your death. Leaving money or assets to a charity is called “planned giving,” which USlegalWills.com offers for all its Wills. According to the National Center for Charitable Statistics, in 2015, individual giving, which makes up the vast majority of contributions received by non-profit organizations, “amounted to $258.51 billion in 2014, an increase of 7.1 percent in current dollars from 2013.” Ever since the Great Recession in 2008, “individual giving has been increasing in both current and inflation-adjusted dollars for the last couple years, although it has not recovered to pre-recession levels.”
Actual word cloud from bequests made at USLegalWills.com
With this charitable giving trend on the rise, we were interested in the level of “planned giving” going on in the United States. According to Russell James, the number of people aged 55+ with a charitable estate beneficiary hovers between 5% an 6%.
How much should you be paying for a Will? Why should you pay anything when just a few clicks away, you can find a free Last Will and Testament service? How can the exact same document cost $800 from an attorney, and absolutely nothing from a website? how do you choose how much to pay for your Will?
All interesting questions which we will answer in this article.
What is a Will?
To understand the variation in the cost of a Will, you have to understand what makes a document a Last Will and Testament.
A Will declares itself to be your Will. It typically appoints an Executor who is responsible for following the instructions laid out in the document. It then goes on to describe how you would like to distribute your things after you are gone.
To make this a legal document you must print it on a piece of paper, date it, and sign it in the presence of two witnesses, who both in turn sign the document. Continue reading