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The best living trust software will be structured enough to guide you through the process and at the same time allow you to create a highly personalized document. There are several things you should consider when trying to choose software for a living. Considerations include your legal history, if any; how well the software lets you customize your living confidence; the customer support offered; and whether the software will help you create a living trust that meets all legal requirements in your area.
Consider your level of expertise first before choosing your software. Legal professionals often use live trust software to save time. People without legal training tend to use the software to save money on legal fees.
If you are using the software to save money, make sure you need a living trust. Living trusts are used to designate a trustee to distribute or administer property upon a person’s death. The main difference between a will and a living trust is how the estate is managed after death. Also, a living trust usually does not need to go through a court process, such as a will.
Once you’ve decided that a living trust is right for you, make sure the software you select will allow you to create the document you need. If in doubt, speak with a customer service representative for the software company. Also ask about any return policies if the software is defective or does not function as intended.
Make sure the software you choose meets all legal requirements, which may vary depending on where you live. You can also check online to compare some sample documents produced by various live trust software programs. You should do this to verify consistency in how documents are designed and the language that is used. The software you choose must provide the correct legal terminology so that it can be considered in court if necessary.
It’s also a good idea to choose software that offers some form of email or online technical support. Some software even includes tutorials and tips on how to use the software. Make sure you choose live trust software that is easy to understand if you don’t have a legal background.