From the
Archives: Watching the Web
Several Web Sites Can Help You
Prepare a Will Without a Lawyer
By ALEX FRANGOS
Staff Reporter of THE WALL STREET JOURNAL
Wills & Estates
LegalZoom
Most Americans don't have a will, but the terrorist attacks have
prompted more people to consider drawing one. The Internet offers
several low-cost, do-it-yourself sites.
This one provides a standard last will and testament for $55. To
get started, fill out a form that includes your personal information,
your heirs, an executor and any instructions for funeral arrangements.
You can also make a bequest of sentimental items to specific people.
Once you complete the form and pay the fee, the site mails you
the will on acid-free bond paper. Each will is reviewed by a legally
trained staff member to make sure it complies with the law. The
will becomes official when you and three witnesses sign the document.
www.legalzoom.com
DoYourOwnWill
A cheaper alternative is DoYourOwnWill, which will draft a will
for only $8.95. The site is a little less flexible in terms of what
sorts of provisions you can put in your will. It also won't review
the document.
To draft a will, you need to supply your marital status, number
of children, name of executor, main beneficiary and any specific
bequests.
Within 24 hours of completing the process, you'll receive via e-mail
a final copy and instructions on how to sign the will. You'll have
to print out the will yourself. www.doyourownwill.com
Nolo
If you aren't ready to draft a will online, you might consider
this site. It has a helpful estate-planning section where you can
review subjects such as introduction to wills, probates and executors,
living trusts, estate and gift taxes, life insurance, funeral planning
and other final arrangements, health-care directives and power of
attorney.
The site doesn't offer online will drafting, though you can buy
Nolo's CD-ROM suite of legal applications called Lawyer 2002, which
includes do-it-yourself wills along with other personal legal documents
that you can fill out on your computer. Lawyer 2002 costs $41.97
plus shipping. www.nolo.com
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