LegalZoom vs Nolo
Today, a growing number of people opt to make their wills and other estate planning documents online instead of visiting a lawyer. For one thing, it’s significantly cheaper. For instance, you can easily create an online will for under $50, while a will drafted by a lawyer will cost at least $200. Secondly, online wills take 30 minutes or less to create and you can do it without leaving your home, which is both convenient and health-conscious during the pandemic. Plus, online will making services have become very sophisticated in recent years and unless you have a very complex estate, a will you create online is no worse than an expensive document created by a lawyer. Nowadays, there are over a dozen online will-making websites on the market, so how do you know which one to choose? In this article, we will compare Nolo and LegalZoom, which are two of the most popular services, but you can read detailed reviews of all online will makers on our website.
LegalZoom vs Nolo: an Overview
LegalZoom and Nolo are two of the largest and oldest online will-making services that are active today. LegalZoom was founded in 2001 and the company now generates over $200 million in revenue every year. Nolo was established in 1971 by two legal aid lawyers and has sold over 1.7 million products over the last fifty years. LegalZoom and Nolo are both accredited by the Better Business Bureau with an A+ rating. Both companies provide basic estate planning products, including a living will, a last will and testament, a living trust, and medical and financial powers of attorney. In addition to helping people create legal documents online, both Nolo and LegalZoom also connect their customers with a wide network of lawyers who can check documents that they created using online services or help with other legal matters.
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Nolo vs LegalZoom Cost Comparison
The main product sold by Nolo is their estate planning software called Nolo’s Quicken WillMaker & Trust. This software costs $99 and it includes over 30 estate planning forms, checklists, and forms. This software can be used by several people in the same household, which can help save you money. For example, if you and your spouse both need to make a will, you will only need to pay once. Nolo also sells Online Wills separately at $59.99 apiece. For this price, you get the opportunity to amend your will as many times as necessary for the duration of one year.
LegalZoom charges a fee for each estate planning document users create on their website. For example, a LegalZoom will costs $89. After creating your will, you will be able to make changes to the document free of charge for 30 days. Customers who need to make several documents can purchase a will or trust-based package that includes multiple documents at a reduced price.
Advantages of Nolo Over LegalZoom
Nolo is the only will maker that offers will-making software – all other online services are cloud-based. If you don’t like using cloud-based services and instead prefer to download and install software to your computer, Nolo’s product will work for you. When you purchase and install the software, you will get access to over 30 documents, including a living trust, as well as 2 books. This is ideal if you need to create several documents, since you will get lots of value out of this product for less than $100. LegalZoom’s documents and packages are priced significantly higher.
In addition to providing basic estate planning forms, Nolo’s software includes checklists, forms for providing instructions to the will executor, legal notices, claim documents, and much more. For just $99 you can get access to all the documents you need to make sure your assets, children, and pets are well taken care of after you pass away.
Nolo’s software can be used by several people under different accounts, which means you can get even more value if several people in your household need estate planning services.
Advantages of LegalZoom Over Nolo
Unlike Nolo, LegalZoom is a cloud-based service, so you don’t need to download or install any programs to your computer. You can also access your account from different devices, which can be very convenient for some people.
LegalZoom sells both individual documents and document packages. If you buy a will-based or trust-based estate planning document package, you will get free attorney support for one year. You can also choose to purchase individual estate planning documents that come with a 14-day subscription to attorney consultations. Keep in mind that you’ll have to cancel the subscription when you no longer need it; otherwise, your card will be charged at the end of the subscription period and the subscription will be renewed. If you’re not happy with the service you’ve received from LegalZoom, you can request a refund and get your money back within 60 days of making the purchase.
LegalZoom’s website features a live chat that you can use to ask questions as you’re filling out your will. This feature allows you to contact customer support staff to get instant answers to all the questions you may have. Once you complete the payment process, you will also be able to get in touch with licensed lawyers for questions on legal specifics.
Concluding Words About Nolo vs LegalZoom
When selecting any type of service or product, each person has their own priorities. While both Nolo and LegalZoom offer excellent products, if you want to create a reliable estate planning package that will contain several documents on a budget, we recommend choosing Nolo. For just $99, you will be able to make a last will and testament, living will, financial and healthcare POAs, and numerous other documents. Plus, you will get an even better deal if your family members also use the software to create an estate planning package.
However, if it’s important for you to be able to consult an attorney about questions you may have while making a will or another estate planning document, opt for LegalZoom.