InterActive Legal vs Wealth.com

InterActive Legal offers automated document drafting software for estate planning and elder law. Its product range covers wills, trusts, powers of attorney, health care documents, trust administration forms, agreements, and client communications. Essential Estate Planning is designed for clients of modest wealth, while Wealth Transfer Planning focuses on clients with significant wealth. Elder Law Planning addresses elder law and special needs planning. Firearms Trust Planning includes a single-grantor revocable NFA Trust and related ancillary documents. The online system runs in a browser and supports Chrome, Firefox, Safari, Chromium Edge, Brave, and Opera. It works in Windows, Mac, iOS, and Linux environments and has been tested on Android tablets. Documents are produced in .docx format, but the word-processing toolbar is supported only in Word for Windows. The Legacy installation requires a supported Windows version, Microsoft Word, and HotDocs Player. Online customer data is stored encrypted on AWS servers, and browser-to-server transfers use TLS 1.3 and SHA-256 encryption. Users may opt into multi-factor authentication using a third-party authenticator app. Pricing is available on request.

Wealth.com is an AI-powered estate and tax planning platform for financial advisors and institutions, with tools to create estate documents and assess client plans. Advisors can create revocable trusts, pour-over wills, last wills and testaments, financial powers of attorney, advance health care directives and guardianship nominations. Scenario Builder lets them examine tax implications, estate distributions and planning opportunities against a client’s current plan. Ester AI extracts, summarizes and visualizes estate plans and tax documents to surface client insights. Clients access the service through an advisor or wealth strategist, using a portal to view reports, upload documents and connect assets and liabilities. Listed integrations include Addepar, Advyzon, Carta, Charles Schwab, Coinbase, eMoney, Goldman Sachs Custody Solutions, Orion, Redtail, Salesforce, Black Diamond and Wealthbox; firms can also use the proprietary API and SFTP for custom connections. The company says data is stored in the U.S., encrypted in transit with TLS 1.2+ and at rest with AES 256-bit encryption, and not sold. It reports a completed SOC 2 Type 2 audit. Pricing is on request, with annual contracts payable in full or quarterly.