The Modern Way to Build and Maintain a Living Estate Plan™
Attorney-grade Estate Plans and ILITs, done in hours. Our services include all foundational estate planning documents, plus Irrevocable Life Insurance Trusts (ILITs). With Legata, you can complete a Living Estate Plan™ in hours instead of weeks or months, and ILITs can be created even faster.
Living Estate Plan
Living Estate Plan™
You can create all of your core documents at a fraction of the price of traditional estate planning, with clear steps, helpful explanations, and secure storage built in.
Easy Document Creation
Guided online steps help you create essential documents in under two hours. Tooltips and FAQs explain each part as you go.
Secure Digital Vault
Store and organize all documents in one place with bank-level security and advanced encryption. Everything stays confidential and accessible whenever you need it.
Advisor Access
Easily share your documents with your attorney, CPA, financial advisor, or insurer. If you need additional support, you can connect with licensed estate planning professionals through Legata’s network.
Automatic Updates
Legata monitors for legal changes and personal life events that may affect your plan. We provide alerts when a review or update is recommended.
Personalized Dashboard
See your assets, liabilities, tasks, critical documents, and alerts in one clear dashboard. Your entire estate plan stays organized and easy to manage.
Legata Living
Estate Plan Documents
Your plan includes one year of professional monitoring and updates for a one-time fee of $1,800. After the first year, you can keep your plan current with an annual $195 subscription fee.
Proper ILIT document creation
Revocable Living Trust
Financial Power of Attorney
Health Care Power of Attorney
HIPAA Release and Authorization
Additional core documents
Irrevocable Life Insurance Trusts
Legata ILITs offer great benefits, with or without a Legata Living Estate Plan™, including:
- Removing life insurance benefits from your taxable estate
- Providing fast, tax-free liquidity for loved ones
- Covering future expenses like mortgages, education, or estate taxes
Legata offers a focused process that creates an ILIT, ready to contain a policy you acquire. Ideally, the trust should be fully formed and funded before the policy is purchased to ensure the proceeds will not be included in your estate. If needed, we can provide you with referrals to insurance companies and brokers to assist in the acquisition or transfer process.
7 simple steps to complete your ILIT in minutes:
- Provide names of policy holder, spouse, trustees (initial and successor), and children
- Select age-based distribution schedule
- Declare distribution preferences (for trustee to consider)
- Name contingent beneficiaries
- Select Powers of Appointment (for spouse and beneficiaries)
- Make decision about trustee powers
- Procure tax ID # from IRS
