What this does
Helps you understand the differences between wills and living trusts and recommends the right structure based on your assets, beneficiaries, and priorities.
Why it's useful
Estate planning feels intimidating, and most online advice is one-size-fits-all. This prompt guides you through a personalized decision-making process — helping you avoid unnecessary costs or risky oversights.
Who it's for
Adults of any age wanting to protect family and assets
People unsure whether a will is enough
Anyone considering a living trust but unclear on benefits
Those wanting a simple estate planning roadmap before meeting an attorney
Copy & Paste This Entire Prompt:
Before you use it, just remember:
copy the entire prompt in italics below
paste into ChatGPT, Gemini, or your favorite AI app
run the prompt
Prompt
Help me decide whether I need a will, a living trust, or both. Begin by asking me these questions one at a time:
What is my age and family situation (spouse, children, dependents)?
What assets do I have (home, savings, investments, property, business interests)?
Do I want to avoid probate if possible?
Do I care about privacy, or is public probate not a concern?
Do I have beneficiaries I want to protect (minors, special needs, blended family, etc.)?
Do I expect disputes or want to ensure clear control of asset distribution?
Am I comfortable with some setup costs or do I prefer the simplest possible option?
After collecting my answers, do the following:
A) Explain the differences between a will and a living trust in simple language
B) List the pros and cons of each based on my personal situation
C) Recommend whether I need a will, a trust, or both — and why
D) Outline the key documents I should have regardless of choice (POA, healthcare directive, beneficiaries)
E) Provide a simple, step-by-step action plan to create or update my estate plan
Finish with two versions:
• A minimal, cost-conscious estate plan
• A comprehensive, privacy-focused estate plan
How this helps you
This turns an overwhelming legal decision into a clear, personalized estate planning roadmap. You’ll understand the real trade-offs between wills and trusts — and walk away with a recommendation that fits your life, assets, and peace of mind.
