Nolo's Quicken WillMaker & Trust 2021 Book & Software Kit

Nolo's Quicken WillMaker & Trust 2021 Book & Software Kit

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Nolo's Quicken WillMaker & Trust 2021 Book & Software Kit

Nolo's #1 bestseller!

, 2021 Edition

Use this book and software kit to make a customized estate plan with these essential legal documents:

  • Will
  • Living Trust (requires product registration)
  • Health Care Directive
  • Durable Power of Attorney
  • Executor Documents
  • Final Arrangements
  • and more for you and each of your family members!

Quicken WillMaker & Trust also includes a Document Quiz that helps you learn which estate planning documents may be right for you based on your circumstances.

Product Details

Quicken WillMaker & Trust is the easiest way to create your estate plan, whether you're just getting started or you want to update your previous arrangements. This powerful software guides you through the process from beginning to end, giving you the practical and legal information you need to make the best decisions for you and your family.

The benefits of using Quicken WillMaker & Trust include:

  • A customized estate plan, including a will, living trust, health care directive, financial power of attorney, and other essential documents
  • An easy-to-use interview format that lets you complete documents at your own pace
  • A user-friendly legal manual to answer common questions
  • A team of lawyer-editors working to ensure each document reflects the laws of your state*

Quicken WillMaker & Trust is the original will-writing software, created and updated regularly by Nolo’s experts. Free legal updates will keep your program current through 2021. Technical support is also available.

Want to know more? Here’s a closer look at what you can do with Quicken WillMaker & Trust:

    • Will: The heart of every estate plan is a will, also known as a last will and testament. This legal document puts you in control of who inherits your property and who would take care of your children if it were ever necessary. Without a will, state law determines these issues. Your will also allows you to name an executor (sometimes called a “personal representative”) to carry out our wishes. And you can appoint a trusted person to manage property left to young people. With WillMaker, you can revise and update your will whenever you like.

      Also, use WillMaker to give your executor authority over your digital assets, including social media accounts, online banking and more.

    • Living Trust: Distribute your assets and provide property management while keeping your trust property out of lengthy and expensive probate proceedings after you die.
    • Health Care Directive: Spare your loved ones difficult decisions by laying out your wishes for medical care and naming someone to carry out your instructions:

      • Health Care Power of Attorney: Name a trusted person (your "health care agent") to make important medical decisions for you if necessary.
      • Living Will: State what types of medical treatment you do or do not want if you are too ill or injured to direct your own care. Your health care providers must do all they can to follow your wishes.
    • Durable Power of Attorney for Finances: A durable power of attorney ensures that someone you trust (called your "agent" or "attorney-in-fact") will be on hand to manage the many practical, financial tasks that will arise if you become incapacitated. For example, bills must be paid, bank deposits must be made and someone must handle insurance and benefits paperwork. In most cases, a durable power of attorney for finances is the best way to take care of tasks like these. You can also give your attorney-in-fact authority over your digital assets.

    • Documents for Your Executor: Make sure your executor has all the forms and instructions necessary to do the job: checklists, letters, notices and claim forms.

    • Final Arrangements: Plan a funeral or other ceremony and ease the burden on your loved ones. Describe your preferences for burial, cremation, memorials, obituaries and more.

    • Information for Caregivers and Survivors: Organize your information so that your survivors don't have to. Use these documents to give them details about everything from bank accounts, to passwords, to the names of people you'd like contacted in the event of your illness or death.

    • Letter to Survivors: Use the Letter to Survivors to leave your loved ones detailed explanations about your decisions. For example, you may want to let them know why you made certain gifts or named a particular person to be your executor. You can also use your letter to leave some general thoughts about your life.

    • Personal Finance Documents: Over a dozen forms let you handle common financial situations, such as lending or borrowing money between friends or family, creating a bill of sale, and closing a credit card account.

    • Home & Family Documents: Practical forms you can use every day to help run your home and keep your family safe, including authorizations and agreements, promissory notes, limited powers of attorney, and child and elder care forms.

Not Sure Which Documents Do You Need? Take the Document Quiz

WillMaker’s Document Quiz helps you decide which estate planning documents to make. Just answer a few short questions about the circumstances of your life, and based on your answers, WillMaker explains which documents might be useful to you.

*Estate planning documents not valid in Louisiana, U.S. Territories or Canada.

Additional WillMaker FAQs

Additional Technical Support FAQs

ISBN
9781413327991
Number of Pages
496
Included Forms
  • Durable Power of Attorney for Finances
  • Final Arrangements
  • Health Care Directive (Living Will & Power of Attorney)
  • Information for Caregivers and Survivors
  • Revocation of Health Care Directive
  • Revocation of Power of Attorney
  • Revocable Living Trust
  • Will
  • Affidavit of Domicile
  • Employee Death Benefits Letter
  • Executor's Checklist
  • Executor's Letter to Financial Institution
  • General Notice of Death
  • Information for Caregivers and Survivors
  • Notice to Creditor of Death
  • Authorization for Foreign Travel With Minor
  • Authorization for Minor's Medical Treatment
  • Child Care Agreement
  • Child Care Instructions
  • Elder Care Agreement
  • Housekeeping Services Agreement
  • Housesitting Instructions
  • Notice to Put Name on Do Not Call List
  • Pet Care Agreement
  • Subscription or Membership Cancellation Form
  • Temporary Guardianship Authorization for Care of Minor
  • General Bill of Sale
  • Limited Power of Attorney for Finances
  • Notice to Terminate Joint Credit Card Account
  • Promissory Note
  • Revocation of Power of Attorney
  • Security Agreement for Borrowing Money 

About the Author

  • Editors of Nolo

    Nolo’s editorial department includes more than a dozen legal editors and a full-time legal researcher, who collectively have more than 100 years’ experience turning legal jargon into plain English. Most of our editors gave up careers as practicing lawyers in favor of furthering Nolo’s mission: Getting legal information into the hands of the people who really need it.

    All Nolo legal editors specialize in certain areas of the law, and many are recognized as national experts in their field. They write books, edit books by outside authors, and in their spare time write online articles and blogs, develop legal forms, and create the legal content of Nolo software.

Table of Contents

Quicken WillMaker & Trust Book & Software Kit

Your Legal Companion for Estate Planning

1. Planning Your Estate With WillMaker

  • Your Will
  • Living Trust
  • Durable Power of Attorney for Finances
  • Health Care Directives (Living Will and Power of Attorney)
  • Final Arrangements Document
  • Information for Caregivers and Survivors
  • Letter to Survivors
  • Documents for Executors
  • Forms for Home and Family
  • Personal Finance Forms

2. About Wills

  • Legal Requirements
  • Dying Without a Will
  • Making Basic Decisions About Your Will
  • Making Your Own Will
  • Helping Someone Else Make a Will

3. About WillMaker Wills

  • What You Can Do With a WillMaker Will
  • What You Cannot Do With a WillMaker Will
  • A Look at a WillMaker Will

4. About You and Yours

  • Your Name
  • Your State
  • Your County
  • Marital or Domestic Partnership Status
  • Your Children
  • Personal Guardians for Your Minor Children
  • Your Grandchildren
  • Pets

5. About Your Property

  • Inventory Your Valuable Property
  • Property You Should Not Include in Your Will
  • Property You Own With Others
  • Property on Which You Owe Money
  • Property Ownership Rules for Married People
  • Your Spouse’s Right to Inherit From You

6. How to Leave Your Property

  • If You Are Married or in a Registered Domestic Partnership and You Have Children
  • If You Are Married or in a Registered Domestic Partnership and You Do Not Have Children
  • If You Are Not Married or in a Domestic Partnership and You Have Children
  • If You Are Not Married or in a Domestic Partnership and You Do Not Have Children
  • Making Specific Bequests
  • Naming Residuary Beneficiaries
  • Naming a Trust as Beneficiary

7. Providing Management for Children's Property

  • Property Management for Property That Passes Under Your Will
  • Property Management for Property That Does Not Pass Under Your Will
  • Naming a Property Manager
  • Examples of Property Management

8. Choosing an Executor

  • Duties of an Executor
  • Naming an Executor
  • Naming an Alternate

9. Debts, Expenses and Taxes

  • Debts Others Owe to You
  • Debts and Taxes You Owe

10. Make It Legal: Final Steps

  • Checking Your Will
  • Signing and Witnessing Requirements
  • Changing Your WillMaker Will
  • Storing Your Will
  • Making Copies of Your Will

11. Updating Your Will

  • When to Make a New Will
  • How to Make a New Will

12. Letter to Survivors

  • An Introduction for Your Letter
  • Explaining Your Gifts
  • Offering Suggestions for Shared Gifts
  • Explaining Decisions About Your Pets
  • Instructions for Your Digital Assets
  • Writing About a Relationship
  • Thoughts About Life

13. When You May Need More Than a Will

  • Avoiding Probate
  • Reducing Estate Taxes
  • Using Trusts to Control Property

14. Durable Power of Attorney for Finances

  • About Durable Powers of Attorney for Finances
  • About Your Attorney-in-Fact
  • The Basics of Your Durable Power of Attorney
  • When Your Document Takes Effect
  • Choosing Your Attorney-in-Fact
  • Specific Financial Powers
  • Additional Duties and Responsibilities
  • Paying Your Attorney-in-Fact
  • Nominating a Conservator or Guardian
  • Making It Legal
  • What to Do With the Signed Document
  • Making and Distributing Copies
  • Keeping Your Document Up to Date
  • Revoking Your Durable Power of Attorney
  • When the Power of Attorney Ends
  • Possible Challenges to Your Document

15. Health Care Directives

  • What Happens If You Don't Make Documents
  • What You Can Do With This Program
  • The Basics of Health Care Directives
  • Entering Your Personal Information
  • Naming Your Primary Physician
  • Naming Your Health Care Agent
  • Specifying Your Health Care Wishes
  • In an Emergency:  DNR Orders and POLST Forms
  • How Pregnancy May Affect Your Wishes
  • Stating Your Wishes for Organ Donation
  • Making It Legal
  • Storing and Sharing Your Documents
  • Keeping Your Documents Up to Date
  • Revoking Your Documents

16. Final Arrangements

  • Making Final Arrangements in Advance
  • The Legal Effect of Your Document
  • Getting Started
  • Burial or Cremation
  • Mortuaries and Cremation Facilities
  • Embalming
  • Caskets and Urns
  • Pallbearers
  • Transportation to Burial Site
  • Headstones, Monuments and Burial Markers
  • Epitaphs
  • Ceremonies
  • Your Obituary
  • Paying for Final Arrangements
  • What to Do With Your Finished Document
  • Changing or Revoking Your Document

17. If You Need More Help

  • Learning More
  • What Kind of Expert Do You Need?
  • Different Ways to Get Advice From a Lawyer
  • Finding a Lawyer
  • Working With a Lawyer
  • Doing Your Own Legal Research

Index

Sample Chapter

Chapter 1:
Planning Your Estate With WillMaker

Estate planning is the process of arrang­ing for what will happen to your property when you die. (Whatever you own at your death is called your estate.) It can also include:

  • making arrangements for the care of your young children in the event of your death
  • planning for your own care and the care of your property in case someday you can’t make decisions on your own
  • taking steps so that your inheritors can avoid probate court proceed­ings after your death, and
  • if you own a very large amount of property, planning to avoid federal or state estate tax.

We can help you with all of these issues, and a few others as well. What follows is a discussion of the legal documents you can create with WillMaker, so you can see what they accomplish and decide whether or not they fit your situation.

Your Will

Perhaps the most essential reason to make an estate plan is to have a say about who gets your property when you die. A will is the easiest way to do this.

If you don’t use a will or some other legal method to transfer your property when you die, state law determines what happens to your possessions. (See “Dying Without a Will” in Chapter 2.)

In addition to specifying who will inherit your property, you can also use your will to:

  • name alternates, in case your first choices die before you do
  • choose an executor—someone you trust to oversee the distribution of your property after your death
  • name a guardian to raise your young children if you can’t, and
  • name a trusted adult to manage the property that a child or young adult inherits from you. (We give you several ways to handle this; they’re explained in Chapter 7.)

Property That Doesn’t Pass Through a Will

Usually, you cannot use a will to leave certain kinds of assets, including:

  • property you leave through a living trust
  • bank accounts for which you have named a pay-on-death beneficiary
  • stocks and bonds or vehicles for which you have named a transfer-on-death beneficiary
  • real estate left through a transfer-on-death deed
  • property owned as “community property with right of survivorship,” which automatically goes to the survivor when one co-owner dies
  • property owned in joint tenancy or tenancy by the entirety, which
    auto­matically goes to the surviving owners at your death, and
  • retirement accounts (IRAs and 401(k) plans) and some pension
    funds that go to the beneficiary you named in forms provided by
    the account custodian.

 

Other Ways to Leave Property

A will is not the only way—and, in some cases, not the best way—to transfer ownership of your property when you die. Especially if you are older and own a fair amount of property, you should consider whether it makes sense to plan now to help your inheritors avoid time-consuming and expensive probate court proceedings after your death. If you have a very large estate, you may also want to think about avoiding federal or state estate tax. To learn more about using a will as part of a larger estate plan, see Chapter 13.

 

Living Trust

Consider using a living trust if you want your property to avoid probate after you die. Any property that passes through a living trust can be transferred directly to beneficiaries without going through probate court, often saving time and money. But not everyone needs a living trust. Those with simple or small estates may find that the benefits of keeping property out of probate do not justify the hassle of creating a living trust, transferring property and maintaining the trust. And it’s possible that a large amount of your property will pass to your beneficiaries without the need for a trust­—for example, your retirement accounts and proceeds from your life insurance.

Your decision about whether to make a living trust depends on your personal circumstances and preferences. Read Chapter 13 to help you make this decision, and then read the last section of Chapter 6 to learn about the pros and cons of using your will to “pour-over” property from your will into your living trust.

You can start an individual or shared living trust on the Your Documents screen. To learn more about living trusts or about how
to use WillMaker’s living trust, select Living Trust Legal Manual from the Help menu.

Durable Power of Attorney for Finances

It’s a good idea for almost everyone with property or an income to make a durable power of attorney for finances. It’s particularly important, however, if you fear that health problems may make it impossible for you to handle your financial matters.

Making a durable financial power of attorney ensures that someone you trust will be on hand to manage the many practical, financial tasks that will arise if you become incapacitated. For example, bills must be paid, bank deposits must be made and someone must handle insurance and benefits paperwork. Many other matters may need attention as well, from property repairs to managing investments or a small business. In most cases, a durable power of attorney for finances is the best way to take care of tasks like these. If you ever need to revoke your power of attorney, use the revocation form that prints with your document. Or, if you want to revoke a previously made power of attorney, you can use the Revocation of Power of Attorney accessible from the All Documents screen. See Chapter 14 for more information.

Health Care Directives
(Living Will and Power of Attorney)

It’s vitally important that those close to you understand the kind of medical treatment you would—or would not—want if you were unable to speak for yourself. You can use a WillMaker health care directive to describe your health care wishes and name a trusted person to oversee them. The person you name can also make other necessary health care decisions for you if you are too ill or injured to direct your own care.

The program helps you prepare documents that are legal in your state. Depending on where you live, you may get a single document (often called an advance health care directive) or two separate documents (typically called a living will and a durable power of attorney for health care). If you ever need to revoke your health care directive, use the revocation form that prints with your document. Or, if you want to revoke a previously made health care directive, you can use the Revocation of Health Care Directive accessible from the All Documents screen.

For more information about health care directives, see Chapter 15.

Final Arrangements Document

As you create your estate planning documents, your thoughts may turn to how you want your body to be handled after your death.

With our final arrangements document, you can let your loved ones know whether you wish to be buried or cremated, what kind of memorial ceremonies you have in mind and other details related to the final disposition of your body. During a difficult time, this document can provide much needed guidance for your survivors.

To learn more about the final arrangements document, see Chapter 16.

Information for Caregivers and Survivors

With our Information for Caregivers and Survivors form, you can create a compre­hensive guide to the details of your life, from information about your bank accounts to people you’d like contacted in the event of your illness or death.

When you prepare this form, the program will walk you through the particulars of your life, asking you to provide details on many topics, including things your loved ones may not know—such as the names of your doctors, whether you have life insurance, or how to access your online accounts. The result of this interview will be a document that will greatly aid those who need to care for you or manage your estate.

Letter to Survivors

When working on your estate plan, you may find that you want to explain certain things to your loved ones. For example, you may want to let them know why you left a large gift to charity, why you named your sister (and not your brother) to look after your child’s finances, or where you keep important papers or passwords. Or maybe you simply want to leave some thoughts about your life.

One way to convey these things is to write a letter that will be passed on to your loved ones when you die. The letter can be in any format you like, from a handwritten note to a more formal typed letter. If you’d like some help, try WillMaker’s Letter to Survivors. It prompts you about many types of information—you pick and choose the topics that you want to write about. Type in your thoughts and ideas, and WillMaker will compile them into a letter for you. Learn more in Chapter 12. If you want to make a Letter to Survivors, you’ll find it on the All Documents screen.

Documents for Executors

WillMaker offers a number of documents that you can use if you are named as someone’s executor—and you can let your own executor know that these forms are available on your computer when they’re needed.

An executor, called a personal representative in some states, is the person you name in your will to handle your affairs after you die. Your executor will pay your debts and taxes and then distribute your property to your beneficiaries, as your will directs. If someone dies without naming an executor, a court will appoint someone to take the job.

Here is a brief description of each of the documents for executors that you can make with WillMaker.

Executor’s Checklist

If you have been named the executor of an estate, you’ll want to know what kind of tasks you are expected to perform. The Executor’s Checklist is a good introduction.

Of course, every estate (and state) is different. An executor’s tasks depend on the size of the estate, the kinds of property the deceased person owned and other factors, such as the needs and expectations of the family. State laws governing the administration of estates also vary.

RESOURCE
Help with the executor’s job. For a more thorough guide to an executor’s duties, see The Executor’s Guide: Settling a Loved One’s Estate or Trust, by Mary Randolph (Nolo).

Executor’s Letter to Financial Institution

As the executor or administrator of someone’s estate, your tasks include locating and making an inventory of all of the deceased person’s property. One category of property you must investigate is bank and other financial accounts held by the deceased. You can use this form to write to financial institutions to find out what accounts or loans the deceased had with that institution, as well as to learn what those accounts were worth at the time of death.

Requesting Birth or Death Certificates

As you fulfill your duties as executor, you may need to obtain copies of a death or birth certificate. The most convenient way to get copies of a death certificate is to request them from the funeral home or mortuary at the time of the death. Otherwise, you can find forms and instructions on the Internet. Many county websites offer birth and death certificate request forms that you can print out and send; others allow you to submit your request online and pay by credit card.

To find out your options, go to the official website of the county where the birth or death occurred. The easiest way to find this on a county’s website is usually to Google it. For example, you could do a Google search for “Yolo county death certificate.”

You may also be able to order death certificates through your state’s department of health or through a private online service such as www.vitalchek.com.

 

Affidavit of Domicile

An Affidavit of Domicile (sometimes called an Affidavit of Residence) is one of the documents used by an executor to transfer ownership of stock or other securities from the name of the deceased person to the new owner. The purpose of the Affidavit of Domicile is to establish the state of residence of the stockholder (in this case, the deceased person).

Employee Death Benefits Letter

An executor must contact each of the deceased person’s former employers to find out whether the estate or survivors are entitled to any death benefits. You can use the Employee Death Benefits Letter to request the information you need.

Notice to Creditor of Death

Use this form to notify each of the deceased person’s creditors of the death and to close the deceased person’s credit accounts.

General Notice of Death

An executor may want to notify businesses and organizations of the death. For example, you might want to notify charities to which the deceased person made regular donations. You can use this letter to inform anyone who might need to know of the death.

Forms for Home and Family

We provide a range of forms you can use to take care of your loved ones, pets and property. For example, there are authorizations you can use to give someone else permission to take care of your child and agreements you can complete to arrange for pet care. Here’s some information about each of the forms for your home and family.

Child Care Agreement

If you want to hire someone to care for your children in your home, you should prepare a child care agreement.

WillMaker’s Child Care Agreement allows you to spell out the exact responsibilities of the position and to specify the child care provider’s hours, amount and schedule of payment, benefits and other important aspects of the job.

Child Care Instructions

Use this form to provide important information for babysitters and child care providers, such as names and phone numbers of doctors and emergency contacts and instructions about meals, naps and other details of your child’s care.

Authorization for Minor’s Medical Treatment

Creating a medical care authorization allows another adult to authorize necessary medical or dental treatment if your child is injured or becomes ill while not with you—for example, while playing on a sports team or staying with a babysitter.

Authorization for International Travel With Minor

If your young child will be traveling outside the United States with another adult, you should prepare an authorization for international travel. The form provides necessary proof that you have consented to the travel.

Temporary Guardianship Authorization

If you leave your child in the care of another adult for a few days, weeks or months, you should authorize the caretaker to make any necessary decisions about your child’s medical, educational and other care. You can do this by preparing a temporary guardianship authorization.

Elder Care Agreement

WillMaker’s elder care agree­ment is for people who wish to sign an agree­ment with an elder care provider who will take care of an older parent or other elderly relative at home. The agreement allows you to spell out the exact responsibilities of the position and to specify the worker’s hours, amount and schedule of payment, benefits and other important aspects of the job.

Pet Care Agreement

If you’re going on a trip or will otherwise be unable to care for your pet for a period of time, you might leave your animal in the care of a friend, relative, neighbor or professional pet sitter. If you do, it’s a good idea to prepare this written agreement that sets out clear instructions for your pet’s care and clarifies each party’s responsibilities and expectations.

Housekeeping Services Agreement

If you hire someone to clean or take care of your house on a regular basis, you can use our housekeeping services agreement. It allows you to spell out the exact responsibilities of the position and to specify the housekeeper’s hours, benefits and other details.

Housesitting Instructions

Use this form to provide detailed housesitting instructions for a person who will care for your home while you are away. You can specify your wishes about your plants and garden, newspapers and mail, telephone calls, appliances, computers, lights and security, tools and supplies, vehicles and other matters. You can also include important information, such as how you can be reached while you are away and whom the housesitter can contact for help in your absence.

Authorization to Drive a Motor Vehicle

Lending your vehicle to someone isn’t always as simple as handing over the keys. If the person who borrows your car is pulled over by the police or is involved in an accident, the borrower will want to quickly prove that you agreed to the use. Otherwise, the driver may be detained while police investigate whether the car is stolen.

This simple authorization takes just a few minutes to complete, and it provides important legal proof that you’ve given someone else permission to drive your vehicle. The form is designed for a car, but it will work fine for a motorcycle, truck or other motor vehicle, such as a motorboat.

Notice to Put Name on Do Not Call List

The best way to stop telemarketers from calling you is to enter your telephone number in the National Do Not Call Registry, available at www.donotcall.gov. Telemarketers are prohibited from calling numbers listed in the registry. Those who violate the law are subject to stiff fines—up to $42,530 for each offending phone call. A number of states have do not call lists as well. You may want to add your number to your state’s registry, if it offers one.

Some companies are exempt from the federal registry’s rules. These include long-distance telephone companies, airlines, banks and credit unions. Organizations soliciting money for political organizations or charities are also exempt. But even these businesses and organizations are required to keep their own lists of consumers who say that they do not want to be called again. If you ask a company not to call you, but you get another call within 12 months, you can sue for up to $500 for each violation.

To stop unwanted calls, first put your number in the National Do Not Call Registry, described above. Keep a log to keep track of the date and time of each unwanted call, as well as the name of the company and product or service it was selling. Every time you receive an unwanted call, end the conversation by saying “Put me on your ‘do not call’ list.” Then follow up with that company by sending it our form “Notice to Put Name on Do Not Call List,” which states the date of the phone call and the fact that you asked to be put on the do not call list. If the company calls again, you can use your log and this form to show that the company violated the law.

Cancel Membership or Subscription

Use this form to cancel a magazine subscription or your membership in an organization. The form allows you to state the reason for the cancellation—perhaps you have moved or are no longer interested in the subject—although you do not have to provide a reason. You can also use this form to request a refund of your membership or subscription fee, if you believe it is warranted.

Personal Finance Forms

Finally, we offer some forms to help you with basic financial matters. There are forms to use if you need to borrow or lend money, a few other useful documents—such as a power of attorney you can use to have someone take care of a specific financial transaction if you’re unavailable. Here’s a little more information about each form.

General Bill of Sale

Use this form to record the terms of the sale of an item of personal property, such as a car, computer or guitar. When you sell an item with a written bill of sale, you reduce the chance of a dispute arising after the sale.

Limited Power of Attorney for Finances

A limited power of attorney for finances lets you appoint someone (called your “attorney-in-fact”) to help you with one or more clearly defined tasks involving your finances or property. For example, you may want to name someone to monitor certain investments for you while you are on vacation—and sell them if necessary. Or you may need someone to sign business or legal papers for you while you are unavailable. This form lets you temporarily delegate authority to someone you trust.

Revocation of Power of Attorney

If you’ve made a power of attorney, you can change your mind and cancel it at any time. Use this notice of revocation to put an end to any power of attorney, including a durable power of attorney (one that is designed to remain in effect even after you become incapacitated).

Promissory Notes

If you are borrowing or lending money, you should create a promissory note. Like an IOU, a promissory note records the terms of the loan, including the period of repayment and the interest rate (if interest will be charged), as well as the borrower’s promise to pay back the loan. The promissory note you make with WillMaker offers a choice of three payment plans.

Installment payments. This type of promis­sory note requires the borrower to make the same monthly payment for a specified number of months. You can choose whether or not the borrower will pay interest
on the loan.

One lump-sum payment. As the name indicates, this note requires the borrower to make just one payment on a specified date. You can choose whether the borrower will pay interest on the loan.

Payments of interest only. With this type of note, the borrower pays only the interest on the loan each month for a specified number of months, with a balloon payment of the principal and any remaining interest at the end of the loan term.

Security Agreement for Borrowing Money

Use this form if you are borrowing or lending money and the borrower agrees to provide the lender with a security interest as collateral for the loan. This security agreement allows the borrower to offer tangible personal property as collateral—that is, physical items of property other than real estate, such as a car, jewelry or furniture.

System Requirements

COMPUTER: 1 GHz or higher

Operating System: Windows 7/ 8/ 8.1/10 or Mac 10.12 and higher

Memory: Minimum 2GB

Hard Disk Space: 54 MB free space. For Windows, up to 1.5 GB if .NET not installed

Monitor: Any supported monitor

CD-ROM Drive: if installing from CD

Internet Connection: Broadband recommended to receive web updates and access online features

Printer: Any supported printer

Software: Adobe Reader and Internet Browser

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