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Quicken WillMaker & Trust 2020 review

The latest update of Quicken WillMaker & Trust 2020 makes it one of the most fully-featured examples of will-preparation software around.

5 Star Rating
Quicken WillMaker & Trust 2020 Review
(Image: © Quicken)

Our Verdict

Quicken may be mostly known for financial planning software, but this collaboration with legal company Nolo makes for an impressive will-preparation software package. It’s comprehensive, and the 2020 edition comes with some neat additional features.

For

  • Up to date and fully featured
  • Useful ebooks available

Against

  • Not the cheapest

Quicken as a company started in the computing/personal finance field, releasing its first programs in 1983. Quicken sought to replace the tasks that people would typically do on paper, and quickly extended beyond personal banking and finances to other areas, such as healthcare, tax returns, property rental and home businesses. It remains one of the most popular and successful brands in this field in North America, and all over the world. 

Nolo is a countrywide leader in the publishing of self-help legal books and software, and has collaborated with Quicken to produce an online will maker software since 2001. Nolo has been publishing books since 1971 and started to produce its own will-writing software in 1985. 

Together, the companies have produced a functional and comprehensive home will-preparation program, combining Quicken’s software experience with Nolo’s legal expertise. The software uses a straightforward interview-style process and customisable plans to help users best prepare their wills, living trusts, healthcare directives, power of attorney and much more. 

How much does Quicken WillMaker & Trust cost?

  • Quicken WillMaker and Trust comes in two versions, costing $89.99 and $109.99 respectively. 

The software isn’t the cheapest on the market, though these prices are still very competitive compared to hiring a legal professional. Indeed, there are some free products on the marketplace but users will probably come to the conclusion that the wealth of resources that Quicken WillMaker & Trust offers is worth the outlay given it can cost up to $500 to have an attorney draw up a will. 

Quicken WillMaker & Trust review: Products

Quicken WillMaker & Trust 2020 is the very latest version of the software, retailing at $89.99. For this, users get a comprehensive program that can help create legal paperwork for a wide range of situations. The will-making wizard helps users arrange their affairs and leave property and money to family, friends or charities. The program allows for multiple wills to be made for all family members, and additional roles such as guardians and executors can be listed. 

WillMaker & Trust 2020 also allows for legal paperwork to be prepared that will be of use while the user is still alive, including living trusts, enacting a durable financial power of attorney and healthcare directives. End-of-life documents such as plans for funerals and letters to family members or survivors to explain decisions are also included in the package.  

All in all, it’s a comprehensive list of documents that can easily be prepared, printed and witnessed to make them 100% legal, and they cover finances, property, children and pets. There isn’t much in the regular pattern of things that isn’t covered, and the vast majority of people will find it that the software has everything they need. 

Quicken WillMaker & Trust 2020 Premium comes with access to 20 e-books from legal publishers Nolo. This is a slightly more in-depth package and would likely suit anyone with a basic legal background or someone looking to dig a little deeper into their legal options. The books also include information about marriage and fiancée visas, neighbour law and small-claims courts documents. The Premium version also allows for revisions to a last will and testament.

The 2020 version includes updated legal manuals, updates for various state laws, newly formatted interviews and updated documents across the legal field.

Quicken WillMaker & Trust review: Creating a will

The software helps users produce a legal document that puts them in control of who inherits property and money, as well as who assumes guardianship of children, pets, etc. The documents reflect the laws of the state that the user lives in, and is fully customisable while remaining 100% legally binding. 

Quicken WillMaker & Trust review: Living Trust software

A Living Trust is a document that helps users avoid probate procedures when leaving property to their loved ones. It is not a complete replacement for a full will and testament, but it is a more efficient way to transfer property at death. 

Quicken WillMaker & Trust review: Durable financial power of attorney

Many degenerative illnesses mean that people are not in a mental state that lets them make sensible decisions about their own finances. The software helps create a power of attorney, handing this power over to a trusted relative or friend.

(Image credit: Nolo)

Quicken WillMaker & Trust review: Usability and user reviews

The Quicken Willmaker & Trust software is designed for ease of use, no matter the legal background of the user. The menu screen lists a number of Essential Documents (will, living trust, power of attorney, etc). As users click on each one, they are then taken to a series of interview questions that help design the final look of the form that they will use. 

It’s a very clean and accessible look – the answers are quickly collated and inserted into the final, legally binding document. Anything beyond the ordinary is usually addressed in a separate worksheet, but the program also directs users to these should they be needed. Legal terms are very clearly highlighted and defined. Progress can be saved and the fields for inputting property, possessions, etc, give a lot of leeway for different situations. The software, for example, is one of the few on the market that allow for the naming of different legal guardians for individual children or pets. 

Additional help is available – there’s an FAQ section, some (limited) support options and, for Premium users, access to the Nolo e-books. In all the available processes, documents and letters are automatically created and are ready to save and sign upon completion. Quicken Inc is not accredited to the Better Business Bureau, although the organization do award them a good ‘B’ rating. Nolo receives a comparable ‘A-’ rating. 

Should you choose Quicken WillMaker & Trust 2020?

The Quicken/Nolo collaboration has produced one of the most comprehensive and detailed products on the market for will preparation, as well as a multitude of other legal procedures. The companies have also managed to provide a commendable level of accessibility and intuitiveness in the software, and most users should be able to produce legal documents at home without any extra research or the need to pay for the services of an attorney. The price point is acceptable compared to employing a legal professional and it’s an impressive all-round product.