Willing.com, an online will creation, and estate planning service, has been in operation since 2015. Run by a company officially known as Bequest, Inc., they attracted more than 7 million USD in Venture Series A funding. In November 2019, insurance giant MetLife acquired the company.
They offer their services in all states, with adjusted forms for each jurisdiction. However, other than an A+ BBB rating, Willing.com isn’t widely reviewed online. So, can you trust them? In this guide, we’ll review the services they offer, their pros & cons, their price structure, and more.
According to Wlling.com, these are the services they offer:
- Last Will & Testament – Expresses your wishes after your passing. In it, you can name an executor, divide your estate in any manner you choose, and decide custody for any dependants.
- Living Will – Expresses your wishes in the event of your incapacitation. This document lays out preferred treatment options, and the person responsible for carrying out your wishes.
- Durable Power of Attorney – Names the person responsible for making financial decisions on your behalf in the event of your incapacitation.
- Revocable Living Trust – A document that puts your property into a trust. In this structure, you can avoid the time and capital-consuming probate process.
- Transfer on Death Deed –A simpler version of a revocable living trust. This deed moves property to a named individual on your passing, thereby avoiding probate.
Willing.com: Strong Points
- Comprehensive coverage – Their Individual plan, priced at $69, offers Last Will & Testament, Living Will, and Durable Power of Attorney documents. Compare that what a lawyer would charge for all three, and you have a steal of a deal.
- State-specific laws covered – Estate planning law varies greatly from one state to the next. Consequently, this reality hamstrings many free will creation services. Willing.com does not suffer from this issue, as they thoroughly research state laws concerning estate planning.
- They study the outcomes of estate planning court cases – Complicated estate planning issues wind up before the courts every single year. The outcome of these cases can set legal precedents that can affect estate planning decisions. As a result, Willing.com protects its users from negative repercussions, and they can also benefit from loopholes.
- User experience is top-notch – Prompts are easy-to-understand. Because of this, users can complete their will and other documents in as little as 15 minutes.
Willing.com: Weak Points
- Cost can be a barrier –Life is expensive these days. Whenever possible, most of us look for the cheapest deal. In the estate planning space, market forces have pushed minimum costs to zero. These solutions don’t have the complexity that Willing.com offers. However, if money is tight, paying $69 for the base plan may be a tough sell.
- Base plan has limited scope –Willing.com offers different tiers of service. The base plan offers Last Will & Testament, a living will, and power of attorney documents. However, to access other documents, you must upgrade. Doing so, however, can require paying upwards of $399.
- Lack of Specifics – We’ll preface this by praising Willing.com for staying on top of state laws. However, for a paid product, it lacks the attention to detail we expected to see. For instance, it’s possible to list minors as a beneficiary of the property. This is a problem, as they can’t inherit property above a certain amount. As a result, you can end up with an invalid will, despite having paid good money for its creation.
Ease of Use
Willing.com takes the hassle out of creating a will with its clean and easy-to-navigate interface. Customers can answer most questions by clicking buttons. When it comes to open-ended questions, Willing explains them in plain English, further speeding along the process.
In all, you can complete your Last Will & Testament in 15 minutes or less. Don’t worry about a sub-par end product, though – using your answers, they whip up a lawyer-approved document, complete with legalese.
Unique Functions Offered by Willing.com
Willing.com offers more than just estate planning documents. They also offer:
- Willing Stories – This is Willing.com’s business blog. Here, you’ll find posts covering estate planning issues, family planning issues, and lifestyle tips.
- Learning Center – Estate planning, like all legal issues, can get really complicated, really fast. The Learning Center allows you to educate yourself on estate planning, will creation, and probate issues.
Willing.com offers three different tiers of service. Below, we outline the cost of each, and what they offer:
- Individual: $69. Offers Last Will & Testament, Living Will, and Durable Power of Attorney documents.
- Homeowner: $299. Offers everything in the Individual plan, plus Revocable Living Trust, and Transfer on Death Deed documents.
- Ultimate Care: $399. Offers everything in the Homeowner plan, plus overnight shipping of documents and top-tier customer support.
It’s become tougher to offer paid will creation services these days. Free options have emerged, putting pressure on existing solutions. Despite that, Willing.com continues to do well.
For now, their paid product delivers decent value on the low end. For $69, you can get three very important estate planning documents that pay attention to local laws. However, their price jump is a bit steep for the higher tiers. Overall, we think Willing.com is a good option for most people.
Estate Planning Documents8.2/10
Home & Family Documents7.6/10
Personal Finance Documents7.7/10
- Provides state-specific estate planing documents.
- You can start for free and only pay when print and sign a document.
- Step by step checklist and personal guidance.
- Not the cheapest option ont he market.
- If you want to have access to all its services, it will cost you $399.