The document describes an estate planning portfolio that provides customizable legal documents to help people plan their estate. It includes a revocable living trust, will, medical directives, financial and healthcare powers of attorney, and tools to transfer assets into the trust. The portfolio aims to make estate planning easy, affordable and provides ongoing access to the documents and ability to update them over time through an online document vault. It promises to give users control over their estate plan and reduce stress in knowing their wishes will be followed after death.
This document discusses estate planning and the benefits of establishing an estate plan. It notes that an estate plan allows one to preserve and transfer assets to loved ones in the way they wish after death. It also avoids unnecessary taxes, expenses, and delays related to estate administration. The document then lists the typical documents included in an estate plan, such as a living trust, will, powers of attorney, healthcare directives, and deeds. It stresses the importance of establishing a plan now rather than delaying, as unexpected death could negatively impact one's estate and loved ones. Finally, it provides an example of how much money could be saved in probate fees by having a living trust rather than relying solely on a will.
This document provides information about wills, trusts, and estate planning services from Liberty Wills and Trusts. It discusses the importance of having a will and different types of trusts. Key services include drafting wills and trusts, safekeeping of wills, administering deceased estates, and managing assets on behalf of clients. Costs for various services such as online wills, comprehensive wills, trust registration, administration and safe custody are outlined. The document aims to help clients understand their options for estate planning and protecting their wealth and wishes.
This document discusses various estate planning tools including wills, trusts, powers of attorney, and advance directives. A will allows you to choose who inherits your property, cares for children, and manages your estate. A testamentary trust can protect and manage assets for children. Advance directives express wishes for end-of-life medical care. Powers of attorney designate someone to handle finances if disabled. Living trusts avoid probate but not taxes, and allow management of assets if disabled. Estate planning services are offered at a fixed fee.
The New York Life LifeFolio system will help you
organize your most important financial documents,
so they are easy to find when you need them. The checklist will help you and your family organize the key aspects of your
life in an easy-to-complete way that you can share with those close to you, as well as with your investment professional, attorney, accountant, and executor.
The document describes the Heritage Living Trust, which contains over 190 pages of documents to comprehensively manage assets and provide instructions. It includes free lifetime changes, support, and an asset organizer. The trust covers deeds, powers of attorney, healthcare directives, burial instructions, and more. It aims to avoid probate and provide clear instructions for beneficiaries and trustees.
Veronica Karas is a CERTIFIED FINANCIAL PLANNER, a professional who has been in the finance industry for over a decade. She began her career in life insurance then quickly moved into investment research before grabbing the opportunity to pursue her passion for financial planning.
This document discusses estate planning and the benefits of establishing an estate plan. It notes that an estate plan allows one to preserve and transfer assets to loved ones in the way they wish after death. It also avoids unnecessary taxes, expenses, and delays related to estate administration. The document then lists the typical documents included in an estate plan, such as a living trust, will, powers of attorney, healthcare directives, and deeds. It stresses the importance of establishing a plan now rather than delaying, as unexpected death could negatively impact one's estate and loved ones. Finally, it provides an example of how much money could be saved in probate fees by having a living trust rather than relying solely on a will.
This document provides information about wills, trusts, and estate planning services from Liberty Wills and Trusts. It discusses the importance of having a will and different types of trusts. Key services include drafting wills and trusts, safekeeping of wills, administering deceased estates, and managing assets on behalf of clients. Costs for various services such as online wills, comprehensive wills, trust registration, administration and safe custody are outlined. The document aims to help clients understand their options for estate planning and protecting their wealth and wishes.
This document discusses various estate planning tools including wills, trusts, powers of attorney, and advance directives. A will allows you to choose who inherits your property, cares for children, and manages your estate. A testamentary trust can protect and manage assets for children. Advance directives express wishes for end-of-life medical care. Powers of attorney designate someone to handle finances if disabled. Living trusts avoid probate but not taxes, and allow management of assets if disabled. Estate planning services are offered at a fixed fee.
The New York Life LifeFolio system will help you
organize your most important financial documents,
so they are easy to find when you need them. The checklist will help you and your family organize the key aspects of your
life in an easy-to-complete way that you can share with those close to you, as well as with your investment professional, attorney, accountant, and executor.
The document describes the Heritage Living Trust, which contains over 190 pages of documents to comprehensively manage assets and provide instructions. It includes free lifetime changes, support, and an asset organizer. The trust covers deeds, powers of attorney, healthcare directives, burial instructions, and more. It aims to avoid probate and provide clear instructions for beneficiaries and trustees.
Veronica Karas is a CERTIFIED FINANCIAL PLANNER, a professional who has been in the finance industry for over a decade. She began her career in life insurance then quickly moved into investment research before grabbing the opportunity to pursue her passion for financial planning.
Why Trusts may be of Value
Trusts have generally been used to help people who fall into two basic categories: people who need financial assistance and people who are unable to manage their own money properly. Hence, trusts have been used to benefit children, those over the age of majority who are immature and otherwise unable to manage large sums of money, those with disabilities who aren’t able to manage their own affairs, and those with substantial creditors.
"How to transfer your wealth to the next generation through estate planning" took place on April, 8th at the Tower Club, Vienna, VA. Our special guests were Mr. Milton Buffington and Mr. Saeid B. Amini, two well known experts that shared, for two hours, their experience on identifying legal issues and mechanisms that businesses and individuals can use to transfer their wealth and assets more efficiently, to the next generation.
This was a complimentary seminar hosted by Saeid B. Amini and Milton Buffington through the courtesy of Provanedge Financial and Richard B. Osmann, Ed.D.
The importance of estate planning. Dying without a will, probate court, power of attorney - these matters and more are addressed in this presentation. Don't delay, plan today!
Depending on the exact estate in question various different types of legal devices could be utilized. In this presentation we are going to look at the core components of a basic estate plan.
This pamphlet which is based on Wisconsin law is issued to inform and not to advise. No person should ever apply or interpret any law without the aid of a trained expert who knows the facts, because the facts may change the application of the law.
This document provides an overview of wills, trusts, and advanced directives. It defines key terms like gross estate, probate estate, and non-probate estate. It explains how assets outside of the will like life insurance and retirement accounts pass on. It also covers health care proxies, living wills, powers of attorney, and different types of trusts. The document emphasizes the importance of estate planning and working with an attorney to draft appropriate legal documents.
Explanation of a Revocable Living Trust Agreement.newSue Reid
A revocable living trust allows an individual to manage their property during their lifetime and designate how the property will be distributed after their death. The individual serves as the donor, beneficiary, and trustee during their lifetime. They can name successor trustees to take over management of the trust if they become incapacitated. A funded trust holds title to the individual's assets, while an unfunded trust relies on the individual's will to distribute assets after death. A revocable living trust does not avoid probate costs, taxes, or nursing home costs during the individual's lifetime but can speed distribution of assets after death.
Estate Planning Attorney will explain to you the importance of selecting the correct Executor to settle your estate. A majority of people make the mistake of appointing their loved one as the Executor without even knowing what type of duties and responsibilities the Executor will incur during the probate of the estate. An experienced estate attorney in Wisconsin can counsel you on all options and costs so you can make an educated decision about what is best.
The document describes the benefits of a living trust over a will. It explains that a living trust avoids probate, which can be an expensive and lengthy legal process after death. A living trust also maintains privacy and allows assets to pass directly to beneficiaries without delay. The document provides an overview of the contents and benefits of the Heritage Living Trust documents, which establish a revocable living trust and provide instructions for estate settlement.
Thinking of putting your property into a Property Protection Trust, we can help and offer advice with the process, our leaflet here can set you on the right path and advice if you can do this to avoid care home fees.
Complete Estate Plans for Non-Taxable EstatesJohn Tamboer
The document outlines three types of complete estate plans offered by John P. Tamboer PLC: the Primary Estate Plan, Probate Avoidance Plan, and Living Trust Plan. Each plan coordinates estate distribution methods with legal documents to achieve different objectives. The Primary Estate Plan relies on probate and a will. The Probate Avoidance Plan uses beneficiary designations to avoid probate. The Living Trust Plan transfers assets to a trust to be managed and distributed by a trustee. All of the firm's estate plans include customized legal documents and services to prepare for incapacity and distribute assets after death.
The document discusses the steps that loved ones should take when another family member becomes ill. It outlines a 10-step process for determining if the ill family member is disabled and unable to manage their financial affairs. This would involve a disability panel evaluation and transferring the person's assets to disability trustees to manage. It also reviews the various legal documents like health care powers of attorney that provide guidance for medical decision making and recommends coordinating with disability trustees and providing medical documents to healthcare providers.
Estate planning benefits everyone, not just the rich, by allowing people to maintain control over their property if they become incapacitated or die. An estate plan such as a living trust or will outlines wishes to avoid disputes and probate court. Without a plan, a court determines how assets are distributed, which may not be the person's wishes. A revocable living trust avoids probate by naming a trustee to manage assets, and is flexible to change over time. Lifetime gifting and estate tax considerations are important parts of a comprehensive estate plan.
This document discusses estate planning strategies using life insurance in light of recent tax law changes. It begins by outlining the key provisions of the American Taxpayer Relief Act of 2012 (ATRA) related to estate taxes, including permanently setting the federal estate tax exemption and making portability of the unused exemption between spouses permanent. It then provides questions for individuals to consider regarding their current estate planning and goals to determine which strategies may be most appropriate, such as using trusts, annual gifting, or life insurance to minimize taxes and achieve goals. The document provides an overview of various planning tools and strategies individuals can explore with their advisors based on the size and goals of their estate.
Discover the importance of estate planning for seniors in Toronto. Learn about wills, executors, and more. Contact Sharp Asset Management for expert advice.
Wealth Advisors Trust Company offers trust administration and fiduciary services to advisors and their clients in a custodian-neutral manner. They believe in challenging the traditional trust company model by putting advisors in primary control of the client relationship and ensuring trust portability. Their services include trustee and administrative functions for various personal and charitable trusts. They are based in South Dakota to take advantage of that state's favorable trust laws including no income or capital gains taxes and unlimited trust durations.
WILLS AND TRUSTS DIFFERENTIATING BETWEEN WILLS AND TRUSTSbilalpakweb
So what are wills and trusts, and what do they mean? Simply put, will and trusts are legal documents that enable people to distribute their assets and belongings as they see fit. Click on the "Expand" links in the boxes below to gain an understanding of how wills and trusts differ.
Brent and Connie Haden - Agricultural Estate & Succession PlanningJohn Blue
Agricultural Estate & Succession Planning - Brent and Connie Haden - Law Firm of Haden & Byrne, LLC, from the 2013 Missouri Pork Expo, February 13 - 14, 2013, Columbia, MO, USA.
More presentations at http://www.swinecast.com/2013-missouri-pork-expo
Why Trusts may be of Value
Trusts have generally been used to help people who fall into two basic categories: people who need financial assistance and people who are unable to manage their own money properly. Hence, trusts have been used to benefit children, those over the age of majority who are immature and otherwise unable to manage large sums of money, those with disabilities who aren’t able to manage their own affairs, and those with substantial creditors.
"How to transfer your wealth to the next generation through estate planning" took place on April, 8th at the Tower Club, Vienna, VA. Our special guests were Mr. Milton Buffington and Mr. Saeid B. Amini, two well known experts that shared, for two hours, their experience on identifying legal issues and mechanisms that businesses and individuals can use to transfer their wealth and assets more efficiently, to the next generation.
This was a complimentary seminar hosted by Saeid B. Amini and Milton Buffington through the courtesy of Provanedge Financial and Richard B. Osmann, Ed.D.
The importance of estate planning. Dying without a will, probate court, power of attorney - these matters and more are addressed in this presentation. Don't delay, plan today!
Depending on the exact estate in question various different types of legal devices could be utilized. In this presentation we are going to look at the core components of a basic estate plan.
This pamphlet which is based on Wisconsin law is issued to inform and not to advise. No person should ever apply or interpret any law without the aid of a trained expert who knows the facts, because the facts may change the application of the law.
This document provides an overview of wills, trusts, and advanced directives. It defines key terms like gross estate, probate estate, and non-probate estate. It explains how assets outside of the will like life insurance and retirement accounts pass on. It also covers health care proxies, living wills, powers of attorney, and different types of trusts. The document emphasizes the importance of estate planning and working with an attorney to draft appropriate legal documents.
Explanation of a Revocable Living Trust Agreement.newSue Reid
A revocable living trust allows an individual to manage their property during their lifetime and designate how the property will be distributed after their death. The individual serves as the donor, beneficiary, and trustee during their lifetime. They can name successor trustees to take over management of the trust if they become incapacitated. A funded trust holds title to the individual's assets, while an unfunded trust relies on the individual's will to distribute assets after death. A revocable living trust does not avoid probate costs, taxes, or nursing home costs during the individual's lifetime but can speed distribution of assets after death.
Estate Planning Attorney will explain to you the importance of selecting the correct Executor to settle your estate. A majority of people make the mistake of appointing their loved one as the Executor without even knowing what type of duties and responsibilities the Executor will incur during the probate of the estate. An experienced estate attorney in Wisconsin can counsel you on all options and costs so you can make an educated decision about what is best.
The document describes the benefits of a living trust over a will. It explains that a living trust avoids probate, which can be an expensive and lengthy legal process after death. A living trust also maintains privacy and allows assets to pass directly to beneficiaries without delay. The document provides an overview of the contents and benefits of the Heritage Living Trust documents, which establish a revocable living trust and provide instructions for estate settlement.
Thinking of putting your property into a Property Protection Trust, we can help and offer advice with the process, our leaflet here can set you on the right path and advice if you can do this to avoid care home fees.
Complete Estate Plans for Non-Taxable EstatesJohn Tamboer
The document outlines three types of complete estate plans offered by John P. Tamboer PLC: the Primary Estate Plan, Probate Avoidance Plan, and Living Trust Plan. Each plan coordinates estate distribution methods with legal documents to achieve different objectives. The Primary Estate Plan relies on probate and a will. The Probate Avoidance Plan uses beneficiary designations to avoid probate. The Living Trust Plan transfers assets to a trust to be managed and distributed by a trustee. All of the firm's estate plans include customized legal documents and services to prepare for incapacity and distribute assets after death.
The document discusses the steps that loved ones should take when another family member becomes ill. It outlines a 10-step process for determining if the ill family member is disabled and unable to manage their financial affairs. This would involve a disability panel evaluation and transferring the person's assets to disability trustees to manage. It also reviews the various legal documents like health care powers of attorney that provide guidance for medical decision making and recommends coordinating with disability trustees and providing medical documents to healthcare providers.
Estate planning benefits everyone, not just the rich, by allowing people to maintain control over their property if they become incapacitated or die. An estate plan such as a living trust or will outlines wishes to avoid disputes and probate court. Without a plan, a court determines how assets are distributed, which may not be the person's wishes. A revocable living trust avoids probate by naming a trustee to manage assets, and is flexible to change over time. Lifetime gifting and estate tax considerations are important parts of a comprehensive estate plan.
This document discusses estate planning strategies using life insurance in light of recent tax law changes. It begins by outlining the key provisions of the American Taxpayer Relief Act of 2012 (ATRA) related to estate taxes, including permanently setting the federal estate tax exemption and making portability of the unused exemption between spouses permanent. It then provides questions for individuals to consider regarding their current estate planning and goals to determine which strategies may be most appropriate, such as using trusts, annual gifting, or life insurance to minimize taxes and achieve goals. The document provides an overview of various planning tools and strategies individuals can explore with their advisors based on the size and goals of their estate.
Discover the importance of estate planning for seniors in Toronto. Learn about wills, executors, and more. Contact Sharp Asset Management for expert advice.
Wealth Advisors Trust Company offers trust administration and fiduciary services to advisors and their clients in a custodian-neutral manner. They believe in challenging the traditional trust company model by putting advisors in primary control of the client relationship and ensuring trust portability. Their services include trustee and administrative functions for various personal and charitable trusts. They are based in South Dakota to take advantage of that state's favorable trust laws including no income or capital gains taxes and unlimited trust durations.
WILLS AND TRUSTS DIFFERENTIATING BETWEEN WILLS AND TRUSTSbilalpakweb
So what are wills and trusts, and what do they mean? Simply put, will and trusts are legal documents that enable people to distribute their assets and belongings as they see fit. Click on the "Expand" links in the boxes below to gain an understanding of how wills and trusts differ.
Brent and Connie Haden - Agricultural Estate & Succession PlanningJohn Blue
Agricultural Estate & Succession Planning - Brent and Connie Haden - Law Firm of Haden & Byrne, LLC, from the 2013 Missouri Pork Expo, February 13 - 14, 2013, Columbia, MO, USA.
More presentations at http://www.swinecast.com/2013-missouri-pork-expo
1. !1
The Estate Docs Pro technology
is specifically developed to make
estate planning quick, easy, and
affordable. Our Revocable Living
Trust is part of a package with
dozens of customization features
we to create a Comprehensive
Estate Plan Portfolio designed by
you to fit your needs.
No more waiting weeks for your
completed Estate Plan
documents. Our unique
technology allows you to complete
your documents quickly and easily
in the comfort of your home at
your computer. You can download
your complete plan including your
Will and Revocable Living Trust in
a matter of minutes after you
finish. Your Estate Plan Portfolio
also includes an encrypted
document vault "in the cloud"
which serves as a secure online
document safety deposit box.
Your vault provides convenient
24/7 access to a repository for
your important documents. You
can remove or add documents,
and share documents with
important advisors and loved
ones.
The Estate Plan Portfolio will give
you peace of mind knowing that
you are in control of the important
decisions at life’s end. Decisions
that without adequate planning
will be left to chance, lead to
unnecessary expenses, and
unfortunate hardship on those
you leave behind.
The Estate Plan Portfolio gives
you a 21st Century solution for
your estate planning needs. The
peace of mind you will
experience after you have
completed the process is
priceless. Don’t delay, take
charge of your life today!
copyright 2016
16-3-v1
Estate Document Portfolio
2. !1
Documents & Features
Included:
Revocable Living Trust
• The Revocable Living Trust is the centerpiece of your Estate Planning Portfolio.
• The trust is completely under your control. As the name implies, your trust is fully
revocable while you are alive. You may alter, amend (in whole or in part), or even
revoke your trust at any time. You can transfer your assets back out of your trust just
as easily as you can transfer your assets into your Trust.
• The person who manages the Trust is called the Trustee (in most cases you are the
Trustee initially). After your passing, the successor Trustee you appointed can
manage and distribute assets to the beneficiaries of the Trust.
• If you have children (even grown kids) you have the option of creating a sub-trust to
hold their assets until they reach a certain age or split distributions over time at three
different ages. This prevents a potentially immature young adult from receiving a
windfall that might cause more damage than good. You can even allow early
withdrawal for educational expenses, first home, wedding or even a business.
• You can even stipulate certain beneficiaries as "income only", and prevent them from
getting a "lump sum" distribution and allow them only to draw and income for
education, maintenance and support.
Living Will & Advanced Medical Directives
• Living Will and Advanced Health Care Directives allow you to determine how you
want medical care administered if you have a terminal illness or are in a comatose
state.
• If such a condition should happen to you, these instruments will serve to give notice
to medical professionals your wishes (such as if you desire whether or not to be kept
alive by artificial means).
• Your Living Will agents are also considered to be the guardian of your person. In
most cases, your Advanced Health Care Directive can take the place of a Living Will.
• Many healthcare providers require a Durable Power of Attorney for Healthcare in
conjunction with a Living Will to carry out the decrees of a Living Will. It is important
that your agents for your Durable Power of Attorney for Healthcare are the same as
your Living Will. (Both documents are included in your comprehensive estate plan.)
Durable HIPPA Statement
• The Durable HIPPA Statement grants an exception to the privacy restrictions of the
HIPPA law to allow for personal information to be provided to the Agents you have
appointed so they can make an informed decision regarding your medical care.
3. Durable Powers of Attorney (DPA)
• "Durable" means that the appointment of the power will "endure" even after your
incapacitation.
• A Power of Attorney will give your appointed agent the power to make certain
decisions on your behalf when you are unable to do so.
Durable Financial Power of Attorney
• This document appoints an agent(s) to perform financial decisions regarding any
assets not funded into your Trust at the time of your legal incapacitation. (For assets
already funded into the Trust, the Trustee already has this authority.)
• Not only do you get to decide who makes financial decisions on your behalf, you
also protect your privacy and save money by avoiding expensive court and legal
fees.
• Having a Durable Financial Power of Attorney will help help avoid a court-supervised
guardianship/conservatorship in the event of legal incapacitation where all finances
become a matter of public record.
Durable Power of Attorney for Healthcare
• This document allows your appointed agent(s) to make important health care
decisions for you in the event of your incapacitation.
• In conjunction with your Living Will, your agent can make all important healthcare
decisions, including the continuation of life support systems
Durable Agent Notice
• The Durable Agent Notice serves to notify, in writing "to whom it concern" that your
agent has accepted the appointment and will carry out such duties.
Last Will & Testament “Pour Over Will”
• The Last Will and Testament included in your document set is better described as a
"Pour-Over Will". It is used in conjunction with a Revocable Living Trust and its
primary function is to convey everything you have forgotten to fund into the trust prior
to your death (hence "pour-over").
• Please note that unless your remaining assets are minimal in value, all non-trust (un-
funded) assets must go through probate first. So be sure to use the Comprehensive
Funding Kit (below) to keep your asset funding up-to-date.
• In addition you may appoint guardians for your minor or disabled adult dependents
so you can be assured who will take custody.
4. !1
Comprehensive Asset Funding Kit
• Your Trust is like an empty basket. You must fill this basket with your assets by transferring
them into the Trust. This process is called "Funding".
• To avoid probate, its vital to fully fund your trust once completed, so we have developed our
exclusive Funding Kit to help you through the process of moving your assets into the Trust,
(called "Funding").
• The Funding Kit provides detailed instructions on nearly every possible type of asset and how
you can fund it into your Trust.
• Transmittal Letters (for Funding, Retitlement & Beneficiary Changes)
• Our system will generate funding letters for each of your assets for you, just follow the guide.
• Retitlement letters can be mailed to respective agencies (transfer agents) for transfer of title.
• Beneficiary letters allow you to mail to respective agencies a change of beneficiary of your
various assets.
• There are other documents also included for other functions.
• 24/7 access to the Comprehensive Funding Kit: The key is to get organized, and make a list of
your assets. Don't worry if you do not have everything ready at once. You can login at any time
to continue the process and continue where you left off!
• Keep your trust up-to-date at no additional charge. When new assets are sold or acquired; log
back in to update your funding. Unlike other solutions there is no "change fees", as long as
your account is active you can log in and access all the features.
Certificate of Trust
• The Certificate of Trust is primarily for providing evidence to a transfer agent (brokers, bankers,
account managers etc.) about certain facts concerning your trust.
• This document helps protect your privacy by not disclosing the full details of your trust when
funding assets into your trust.
• Maintain Your Property's "Character"
• Asset Schedules are provided to list your titled assets.
• Your property will retain its "character", whether it is jointly owned or separately owned, asset
schedules are provided so you can identify each asset and classify it properly.
• The Asset Accounting Ledgers are to be used by the Trustee (usually the surviving spouse) to
designate assets as portioned or held on account to each respective sub trust for record
keeping.
Personal Password Protected Web Account
• Provides 24/7 access to ALL of your documents and all the following on-line functions:
Document Vault
• The Document Vault provides an easy-to-use resource for yourself, your family, and
beneficiaries to find your important documents.
• Secure online storage of important documents that you, your family, and trusted individuals can
access anywhere in the world in case of emergency.
• Quickly access your documents when traveling or on weekends to make them available to
emergency healthcare workers (such as your Health Care DPA, Living Will, and vital personal