Best living trust software for peace of mind [2020 Guide]

Milan Stanojevic
by Milan Stanojevic
Deputy Editor
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  • Planning ahead is always a good idea, and post-death assets' splitting is as important a task as any if not more.
  • For peace of mind, it is recommended to turn to a professional will and trust software and we have compiled a list of top picks.
  • While creating a financial plan, budget is the ultimate key to success. Check out these Top Software to track Net Worth.
  • Feel free to explore our Personal Finance Management Hub for more creative solutions.

 

living trust software options

A living trust is a very useful legal document that you can create during your lifetime. While it is very similar to a will, a living trust will only become applicable after you die.

That offers you peace of mind regarding the way your assets will be split up to your heirs, after your death.

You have two options regarding the type of living trust that you can choose:

  • Revocable living trust – you transfer your assets into the account of the trust, and you keep control over them. You have the option to change aspects and revoke it entirely, as needed.
  • Irrevocable living trust – this option allows you to give away all your assets to the beneficiary of the trust. You do not have the option to change or revoke it.

In this article, we will explore some of the best software options on the market that allow you to easily create professional-looking and efficient living trusts.

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6 software options to create professional living trusts

QuickBooks

Globally known for its impressive general ledger features, QuickBooks can just as well serve as a reliable living trust software for proper estate planning and family businesses.

Proper estate planning can help mitigate any risks following a business owner’s passing by determining how money and assets will be divided upon death.

With QuickBooks you can do more than just make sure the right people inherit your assets, but also minimize taxes during the transition process while avoiding legal impediments.

By creating a detailed estate plan or living trust for your family, you can rest assured knowing that your loved ones will be secure when you’re no longer around.

Let’s quickly look at its key features:

  • Ownership transfer assistance
  • Protection against unnecessary tax payments and debts
  • Safeguard the legacy of your business
  • Smooth succession of assets to loved ones
  • Avoid probate (your family will be able to access the funds faster and with minimal expenses)
QuickBooks

QuickBooks

Your trusted partner in financial planning for every task from bookkeeping to setting up a living trust!
Free trial Visit website

Rocket Lawyer

Rocket Lawyer - living trust creator

Rocket Lawyer is another great tool that allows you to create all documents needed for creating a professional and all-encompassing will. In order to make things easier for you, this app uses a very easy to understand interview format with guidance for every stage of the process.

You can create asset worksheets, progress reports, and it also provides you with will templates.

These templates can be very useful when you’re not sure how to start creating your documents.

Let’s quickly look at its key features:

  • You can easily export your living trust documents in a PDF file format or print it immediately
  • Create a schedule of assets, living will, assign a health care directive, or create documents relating to choosing the caregiver and the instructions for survivors
  • Legal reference guide so you always adhere easily to the known legal requirements
  • Easy to install and easy to use
  • Provides useful pre-made templates
Rocket Lawyer

Rocket Lawyer

Providing for your loved ones is simple once legal matters are made simple.
Free trial Visit website

Quicken WillMaker Plus by Nolo

Quicken WillMaker Plus is an incredibly useful software that allows you to create plans for your estates, living trusts, etc. You get step by step assistance, from the start till the end of the process, including all aspects of legal data that allow you to choose the best option.

This software can create a variety of documents for you – wills, living trust, living will, different financial arrangements, and also offer information regarding your chosen caregivers and manage the process of fund allocation.

With the Living Trust module, you can rest assured that all your property papers pass the probate easily and in a timely manner.

This module allows your family to be taken care of in the event of your death, by naming the person to carry out your instructions and also allowing them to make important decisions regarding your health care requirements.

Let’s quickly look at its key features:

  • Can create custom estate plans with a wide range of utilities – will, health care, etc.
  • Interview format of the software allows you to give concrete answers to complicated legal terms
  • Contains a user-friendly legal manual that can help you find answers to common questions
  • Your projects will be sent to a team of lawyer-editors that will customize the papers with the requirements of the laws in your country
  • Offers you a very useful checklist feature – this tool allows you to make sure that you have all the documents needed

Get Quicken WillMaker Plus

Legal Zoom

Legal Zoom - living trust creator

Legal Zoom is another great software option that allows you to follow step by step instructions to build a professional-looking will, complete with all the documents needed.

This software allows you and your family to rest assured that everything is planned accordingly, and all your needs at old age are satisfied, while also assuring yourself that your caregiver has the power to intervene in emergency situations and make critical decisions on your behalf.

Let’s quickly look at its key features:

  • Friendly and easily usable interface, offering you the possibility of adding detailed information regarding the care of your minor children, pets, etc.
  • Access to worksheets to keep an eye on all aspects of the data you’re typing in
  • Preview the entire list of documents before actually sending the papers out
  • Create wills, survivor instructions, executor documents, and many other formats
  • Assign someone that can handle your finances and all aspects of legal matters if for some reason you can not, and the power to create a living will

Get Legal Zoom


Interested in making responsible financial decisions? Check out these best tools to track your spending.


LawDepot

LawDepot - Living trust creators

LawDepot is a handy software option that offers you a user-friendly interface and help regarding creating your own living trust documents and other additional documents for your will.

Even though this app can’t compare with Quicken or Rocket Lawyer, it still has a great set of features that can make the will-making process easier.

It lacks the ability to create checklists, to spell check your documents, and also lacks asset worksheets, but it makes up for that because of its ease of use.

Let’s quickly look at its key features:

  • You can use great templates specifically designed for estate planning
  • Create your last will and testament, a living trust, or a Power of Attorney document.
  • Create documents that are part of the will, like choosing caregivers and executors in case something goes wrong
  • Similar to Quicken WillMaker, LawDepot allows you to also create revocation documents

Get LawDepot

Will Writer by Enodare

Will Writer is, as the name suggests, a program that helps you create your will with ease. This software has both downloadable and an online version, so you can access your information from anywhere in the world, with just an internet connection.

This software was designed to be easy to use, with crisp menus and very useful tabs.

Besides writing your will, you can use this software to create other important documents such as creating a living will, power of attorney and executor documents, among others.

Let’s quickly look at its key features:

  • The step-by-step structure of how Will Writer works helps you understand all aspects of the fields you’re completing and even offers you a set of will samples
  • After you completed the entire step by step guide and you have your final document, you can now export it into a Word file on your hard-drive, for safekeeping
  • You can also print your documents directly

One of the downsides of using Will Writer is the fact that it doesn’t offer you any spell check features, and for some reason, the text font in which all the information is completed is very hard to read.

If you want to check what you wrote you will have to click on Preview, otherwise, the font is too small.

Try Will Writer


Creating your own will, with an entire list of supporting documents isn’t as difficult as it used to be. You can now use specialized will creator software to help you through the entire process, in a step-by-step manner.

These software options encompass a large array of features that cover all your needs regarding the easy creation of a living will, executor documents, and other important documents of your estate plan.

We would love to find out what your experience with using this software was, and what option you chose to try. Feel free to share your opinion with us by using the comments section below.

FAQ: Learn more about living trust software

  • Is it better to have a will or a trust?

While both types of documents aim to ensure financial stability for remaining family members, a living trust only becomes applicable following one’s death and it can be revoked upon solicitation.

  • Can I create my own living trust?

In short, yes. However, if you are not hiring professional help for this task, we suggest you use a premium living trust software to help you.

  • What is the best living trust software?

Our recommendation goes to Rocket Lawyer. This tool allows you to create a schedule of assets, leave instructions for survivors, and choose your caregiver.

Editor’s Note: This post was originally published in November 2019 and has been since revamped and updated in July 2020 for freshness, accuracy, and comprehensiveness.