Estate planning does not have to be expensive or complicated to get started. Learn which documents every freelancer needs, online services that make it affordable, and freelancer-specific considerations.
A basic estate plan can be created for $100-500 using online tools. Complex situations with significant assets, business interests, or international connections warrant a professional attorney.
Simple Will: Specifies who gets your assets, who handles your estate (executor), and if applicable, who raises your children (guardian).
POD and TOD designations: Payable on Death (bank accounts) and Transfer on Death (investment accounts) designations transfer assets directly to named beneficiaries without going through your will or probate. Add these to every account immediately.
Beneficiary designations: Retirement accounts and life insurance transfer through beneficiary designations, not your will. Review and update after every major life event.
Durable Power of Attorney: Who handles your finances if you are incapacitated?
Healthcare Proxy: Who makes medical decisions if you cannot?
Trust & Will (US): Starts at $199 for a simple will. Legally valid in all US states.
Farewill (UK): Simple wills from 90 GBP.
Pandadoc / LegalZoom: Template-based wills, generally affordable.
Digital asset access: Leave a trusted person access to your password manager and instructions for your business accounts, domain names, and digital platforms.
Business continuity: Name someone responsible for notifying your clients and handling outstanding invoices if something happens to you.
Free to start. No bank connection needed. 150+ currencies, tax estimates for 20 countries.
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