Trust and Will Moduleadmin2020-09-09T21:57:36+00:00
Trust and Will templates for Individuals and Couples (including “Non-Traditional” Couples):
All documents are state specific based on the state of residence of the client; the one program has different templates which cover 49 states plus the District of Columbia (sorry Louisiana).
Revocable Living Trusts (including Restated Amendments)
Version for Individual Clients includes: Spousal distribution provisions if client is married (including trust options); an option for a Co-Trustee with client.
Versions for Couples include: a Joint Trust or Reciprocal Trusts; Options for simple, probate avoidance Trust, a Disclaimer Trust, a Modified “A/B” Trust, an “Intentionally defective” Marital Deduction Trust and a “QTIP” Trust (either pecuniary or fractional share; with “Clayton Election” or “QDOT” provisions for a non-citizen spouse)- a State QTIP option is available for states with a separate estate tax- All trusts have an option for only one spouse to be the Trustee.
Specific Distribution Provisions include: Gifts of Specific Sums (individual or class gift); Gifts of a Percentage (individual or class gift); Gifts of Specific Assets; Gifts of Real Property; Option to Purchase Real Property; Life Interest in Real Property and/or Assets; Gift of Business Interest; Forgiveness of Debt; “Special Needs” Trust (including a “stand-alone” revocable SNT); “Pet Trust”; Charitable Foundation.
“Per Stirpes” Residual Distribution Provisions include: Trusts for Grandchildren; Delay Trusts for Children (by age or years); “Family Pot” Trusts; Generation Protection Trusts (simple, GST and “Dynasty”).
Non “Per Stirpes” Residual Distribution Provisions include: Equal or Unequal Share Allocations between Beneficiaries; Per Capita; Single Beneficiary.
Modifiable Trustee Powers
Certificate of Trust
Declaration of Trust
Assignment of Personal Effects
Transfer documents: State specific Deeds for real property (including fee simple, partial interests, joint interests and mineral rights); Transfer on Death Deeds; “LadyBird” Deeds; Letters of Instruction for re-titling to banks, transfer agents, brokerage firms, mutual funds, etc.; Assignments of Deeds of Trust, limited and general partnership interests, LLC’s, business interests, etc.; Requests for change of beneficiary designations for life insurance, annuities, retirement benefits, etc.; Affidavits of death; Opinion letters.
Complete Summary of each paragraph in the living trust and of each document in the trust package
Miscellaneous Trust Documents including: Amendments; Codicils; Revocation of Trust; Appointment of a Co-Trustee; Resignation of Trustee; Removal of a Trustee [both uncontested and by Court petition]; Exercise of Limited Power of Appointment; Revocation of Power of Attorney; Limited Power of Attorney.
Additional Revocable Trusts including: IRA Beneficiary Trust with corresponding Beneficiary Designation form; NFA Firearms Trust (aka a “Gun Trust”) with documentation; Realty Trust (aka a “Land Trust”) with deed.
Stand-alone Wills (with the same testamentary trust options as above)
Marital Property Agreements (for married clients)
General Powers of Attorney (including “springing powers”)
Health Care Directives and/or “Living Will” (HIPAA compliant)
Summary of each document in the package
Summary sheet of Fiduciaries
Client Information Sheet
Checklists and Worksheets (keyed to the program)
Client Correspondence (incorporating your letterhead) including: Representation Letter (fee confirmation); Transmittal Letters (draft or originals); Sign and Return Letter; “FYI” Letter; Trust or Will Instruction Letter (“closing letter”); “CYA” letters for funding and holding original documents; Conflict Waiver for married clients.
Does not require extensive estate planning background (particularly for a single client).
Completely state specific; single program allows the production of state specific documents for all states (except Louisiana and including Washington, DC) based on the state of residence of the client.
Program allows different attorneys/support staff to prepare documents for same client using a common answer file.
Option to use “Settlor” or “Trustor”.
Option to use “familiar” or “traditional” language (i.e., “I” or “My” vs. “Settlor” or “Settlor’s”).
Option to use an “unitrust” distribution or the traditional “net income” for interests held in trust.
Includes all necessary transfer documents.
All templates are “keyed” to same variable language; input data only one time.
Fully formatted documents automatically sent to Microsoft Word for final review, editing and printing.
Fully context sensitive dialogs; answer only the questions needed (based on your responses to the previous questions).
Default answers are set to your specifics (e.g., state, county, etc.).
Templates can be edited to utilize your preferred language (requires upgraded HotDocs).
The price is a one-time charge; unlike our major competitors, we do not re-charge you each year for the software (to see a current Pricing Analysis of the major “complete” estate planning software, please click on the following link: Pricing Analysis).
One year free updates and revisions to templates (subsequent update subscriptions are only $250/year).
The Trusts & Wills template set is only $995.00. (no sales tax and no shipping costs)