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Quicken WillMaker & Trust Review

Quicken is already a popular personal finance company when it comes to tracking spending or getting a mortgage. However, the brand can also help you take care of your estate planning needs. Quicken WillMaker & Trust 2021 helps you put together and write your own will and trust easily and without having to consult a lawyer or get someone to draft the documents for you. You can also customize legal documents, such as health care directives. While Quicken WillMaker is a great option when it comes to writing a will, a financial advisor can offer you more comprehensive help. Try using SmartAsset’s free tool to find matches near you.

Quicken WillMaker & Trust Overview
Pros – Software vetted by qualified attorneys
– Covers a wide range of topics, including wills, trusts and medical directives
– Straightforward to use
Cons – Software must be installed on your device
– Costs $99
Best For – Those with a wide range of estate planning needs who don’t want to pay an attorney

Quicken WillMaker & Trust: Services & Features

Quicken WillMaker & Trust Review

Quicken WillMaker & Trust can take care of almost all of your estate planning needs. You can do all of the following in a relatively short amount of time using the software:

  • Name a guardian for your child or pet in case of an emergency
  • Make final arrangements for your resting place and funeral
  • Write a will to determine asset distribution
  • Create a trust
  • Specify how to handle debts that are owed upon your death
  • Name an executor of your will
  • Create a health care directive, which can be used in the event you become incapacitated

These options cover many basic estate planning services offered by Quicken’s competitors. But where this software stands above the competition is with its detailed trust writing options, including granting provisions for certain people and adding other executors and trustees.

There are certain things, however, that Quicken WillMaker & Trust doesn’t allow you to do. Digital assets, charitable donations and deed transfers for property are not included in its suite of services. As a result, you may need more comprehensive help with your estate, which is when a financial advisor can come in handy.

Quicken WillMaker & Trust: Pricing

Quicken WillMaker & Trust’s Fee Structure
Membership Tiers – $99 for all users
Extra Features – Write personalized letters to family and friends who survive you

Another positive feature of Quicken WillMaker & Trust is that all you’ll need to pay is a flat price of $99 for the software. From there, you can install the program on your personal computer and do with it what you please.

This differs from some other estate planning platforms that charge you based on the features you take advantage of, the membership tier you buy into or how many times you use it. While $99 for any program isn’t cheap, when you consider the range of materials that you’ll have access to, it may well be worth it if you have multiple estate planning documents to create.

Quicken WillMaker & Trust: User Support

Quicken WillMaker & Trust provides customer support up to the end of the edition year that you purchase. For example, if you buy the current edition, Quicken WillMaker & Trust 2021, you’ll have access to customer support through Dec. 31, 2021.

Interestingly, the software doesn’t provide the option to talk to an attorney or an estate planner, even during the current edition year. Nolo, the company that sells the software, does have a resource library to help you resolve common problems and answer basic questions, though.

Quicken WillMaker & Trust: Product Experience

Quicken WillMaker & Trust Review

The user experience of Quicken WillMaker & Trust leaves a little to be desired. First of all, you’ll need to download software onto your computer. You don’t actually need a physical copy of the software, but it’s still more antiquated than just using a platform that works directly on your web browser or through a mobile app. However, by saving your documents locally, you’ll ensure they’re accessible regardless of if you have internet or not.

This software is certainly broad and comprehensive. The screenshot above shows just how many features you’ll have access to, but the interface can also feel a little outdated and cluttered with many layers of information packed into a small area. That said, if you read through everything carefully, you should be able to figure out anything you might need to do.

Note that Quicken WillMaker & Trust isn’t a very demanding software. Just about any relatively young computer should be able to run it without a hitch. It’s also available for both Apple and Windows computers.

How Does Quicken WillMaker & Trust Stack Up?

The biggest difference between Quicken WillMaker & Trust and other estate planning services is the fact that it comes as a software program that you need to download to your computer. However, it does provide access to more estate planning options than some other services, so it’s a trade-off that you’ll need to decide on.

In addition, some competitors of Quicken boast features like the ability to talk to an actual estate planning lawyer. This could prove to be helpful if your situation is especially complex.

Comparing Quicken WillMaker & Trust to Other Services
Service Pricing Features Accessibility
Quicken WillMaker & Trust – $99 for all services – Final arrangements for your resting place
– Wills and trusts
– Specify how to handle debts
– Name an executor
– Health care directives
– Software
Trust & Will – Guardianship: $399 ($499 for couples)
– Will: $39 ($69 for couples)
– Trust: $89 ($159 for couples)
– Guardian membership
– Will membership
– Trust membership
– Web-based program
Rocket Lawyer – $39.99/month for membership
– With no membership, services available for a separate cost
– Free seven-day trial for will making
– Custom legal forms
– Sessions with a lawyer
– Online Q&A with lawyers
– Document defense
– Form an LLC, corporation or non-profit
– Registered agent service
– Web-based program

Bottom Line

Quicken WillMaker & Trust is a solid estate planning option if you’re looking for access to a lot of different estate planning documents. However, you’ll need to download the software directly to your computer in order to use it, and the user experience could potentially feel confusing and antiquated. You’ll also end up paying $99 for estate planning software that you can only receive support for in that given calendar year, and you’ll need to buy a new copy to update to a more current year. All in all, though, DIY estate planners will likely find this to be a helpful option.

Tips for Estate Planning

  • There are many facets to estate planning, and you don’t have to tackle them on your own. In fact, it can help to work with a financial advisor. Finding the right financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in 5 minutes. If you’re ready to be matched with local advisors, get started now.
  • When it comes to estate planning, it can be tempting to try and go at it alone. Between services like Quicken WillMaker & Trust and independent online research, there’s lots of info to help you. However, there are risks to DIY estate planning. Make sure you know what you’re getting into before you get started.
  • living will or another form of advance directive can help ensure that your doctors and loved ones comply with your choices. You might want to consider creating one for when you cannot communicate decisions on your own.

Photo credit: ©iStock.com/Ridofranz, newegg.com, ©iStock.com/steamdbinfo

Sam Lipscomb, CEPF® Sam Lipscomb is a writer for SmartAsset. His work spans a wide variety of personal finance topics with expertise including retirement, investing and savings. He is particularly well versed in credit cards. Sam has been featured in The Economist and on The Points Guy. He is a Certified Educator in Personal Finance (CEPF®). Sam graduated from Kenyon College with a degree in Economics and enjoys being a go-to resource for family and friends when it comes to personal finance. Originally from Washington, DC, Sam loves all things aviation and is a Cleveland sports fan. He currently lives in New York.
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