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      March 26, 2019

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Nolo vs Tops

To help you find the Best Living Trusts, TopConsumerReviews.com provides you with an in-depth comparison of Nolo and Tops.

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Get Your Living Trust with Legal Zoom Today! A living trust is a term that we hear now and then, related to a person's assets and how they will be divided should that person pass away. A person can create a living trust at any adult age, and know that should the inevitable occur, their home, bank accounts and investments will be pass on to their loved ones without the intervention and delays associated with a court proceeding.

A living trust is a legal document that is often created by a trust lawyer. Involving a traditional attorney can cost thousands of dollars and take months to finalize. However, a number of online legal document companies exist today that allow people to create their own living trusts for just a fraction of the cost of hiring an expensive attorney.

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Best Reviews

2019

Living Trust Reviews

2.5 stars
Nolo

NOLO Visit Site

Cost:

$59.95 one-time fee

Nolo is a do-it-yourself legal website that offers consumers a way to process legal documents without the expense of hiring a lawyer to write them. With Nolo you can create your own trademark, file for a patent, and create bankruptcy paperwork among many other legal documents. This review will focus on the living trust service.

The living trust page on the Nolo website is very simple,but perhaps a little too simple. There is a brief statement encouraging folks to create a living trust, and then a section outlining what you get with the service. The problem is, the list is very short and just says "name beneficiaries, avoid probate, and much more."It also indicates that you trust have access to the living trust for one year.

Below that is a FAQ section that outlines what a living trust is and contains a whole list of information about living trusts. There is a lot of information here, and much of it is very helpful. But we weren't too keen on the way it was presented and thought it could be confusing for someone who didn't have any knowledge of living trusts at all.

Moving on to the creation of the living trust itself, we navigated to the "get started" page and were disappointed to find that there is only an option to purchase the online form. With Nolo you must purchase the form for $59.95 in order to even get started. This is in contrast to other Living Trust providers who allow the user to create the living trust first, and then choose to pay for it based on a list of prices for various options.

Regarding the cost, Nolo offers only one option; it is $59.95 to complete the trust and have access for it for one year. This is a lot more costly than some of the other online living trust providers we have reviewed, particularly if someone wanted to renew for more than one year, the cost would be prohibitive.

Nolo is a well-known legal document provider with an A+ rating from the Better Business Bureau. It's entirely possible that many of their services are top notch, we just don't feel their living trust service is up to par with what other companies have to offer.

Visit Site

2 stars
Tops

TOPS Visit Site

Cost:

$29.95 one-time fee

The TOPS Company (Trade Offset Printing Service) has been around since 1953 providing standardized business forms and are one of the leading manufacturers of office supplies in the United States. This review will focus on their living trust kit they offer to customers who wish to complete their own living trust document.

The TOPS website is a like a big online store featuring all of the various product TOPS has to offer. Browsing through you can find a dizzying number of binders, folders, labels and other office supplies that make up the bulk of TOPS business. Finding the living trust offering is a bit of a chore. You have to select the 'forms' heading and then search for 'legal forms' and then 'personal legal forms' and eventually you get down to a page that has a bunch of options to purchase legal form kits. To narrow it down we did a search for living trusts and the website returned a list of 21 various kits, including some specific to certain states, some for single people only, and separate products for the amendment of and revocation of living trusts.

Choosing one of these products brings you to a screen with a very brief description of what you receive with your purchase. Most kits include an instruction manual on how to complete the form, and the form itself which can be saved on a personal computer, filled out according to the instructions, and printed locally. Most of the kits we saw were $29.95, which is inexpensive compared to some of the other living trust providers, but includes very little for the money.

There are no links to any information on what living trusts are, why someone might need one, or even guidance on which of the many various living trust kits would be right for which customers. There are no links to additional resources, no FAQ, nothing other than the option to purchase the kit. A living trust is an important legal document that is complex and there are many issues to consider when creating one for yourself. TOPS is selling living trusts in the same way they sell notepaper and file cabinets; with very little guidance or attention to detail. We don't feel this is the best way for a consumer to go about the business of creating a living trust.

Visit Site

Continued from above

Before choosing a do-it-yourself living trust provider, you should consider the following important elements:

  • Information. Does the website thoroughly explain a living trust?
  • Website Functionality. Is the website professional and helpful in walking you through creating a living trust?
  • Guarantee. Does the living trust company back the accuracy of their forms and the information they provide?
  • Cost. How does the cost of creating a living trust compare to similar companies?

TopConsumerReviews.com has reviewed and ranked the best Living Trust services available today. We hope these reviews help you create a living trust that you can feel confident with!

Can an irrevocable trust be revoked

A. Let's go over how trusts work. A trust can be revocable or irrevocable. A revocable trust is a living trust that is established pursuant to a written agreement between the person creating the trust ...

Published:  Mon, 25 Mar 2019 06:33:00 GMT



Support for Bill Shorten's living wage plan depends on trust

Bill Shorten is picking a fight with employers and risking a clash with the unions over his plan to lift wages. His change to the Fair Work Act will frustrate business because it makes bigger wage ...

Published:  Mon, 25 Mar 2019 06:00:00 GMT



5 reasons parents need to set up a will or living trust now

As a mom, I'd do anything to protect my kids and keep them happy. I make sure they have food, clothing and shelter. I take them to their activities and go buy princess Band-Aids when we are out (even ...

Published:  Sat, 16 Mar 2019 01:00:00 GMT



Irrevocable trust provides protection

Like revocable living trusts, irrevocable trusts also offer significant opportunities to leave assets to beneficiaries in specific ways. For example, a grantor with a child who receives SSI or ...

Published:  Sun, 24 Mar 2019 20:13:00 GMT



Estate Planning: Land trusts can still be cost-effective

Although land trusts have largely been replaced by living trusts and Transfer on Death deeds, I still like them. I think under the right circumstances, land trusts are a cost-effective way to enhance ...

Published:  Sun, 24 Mar 2019 02:30:00 GMT



The pros and cons of wills vs. trusts

However, a will can be a backup to a living trust, in which case these things are usually already taken care of. The other option besides a will to distribute your assets is a trust. A trust is a ...

Published:  Thu, 21 Mar 2019 11:52:00 GMT



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