Registration Info Begin Your Trust Plan: Enter your personal details to start setting up your trust.
Total Estate Value The value of your total estate includes all assets held either in your individual name, jointly, or that you control. Assets can include but are not limited to real estate, your retirement accounts, any bank accounts, brokerage accounts, stocks, bonds, life insurance, business interests, automobiles, and valuable jewelry and collectibles. The value of the assets goes by either the amount of money held in the account or the fair market value of any real estate, tangible property, or intangible asset (e.g. business interest). This is a rough estimate and does not need to be exact in any way. It just helps us to identify if an inheritance tax may apply and you would be best suited for a living trust.
Your Contact Details Your Contact Details
Your Spouse Information Please use your legal name as it appears on your license or government-issue ID
Revocable Trust (1) We need spouses and last 4 of SSN (2) Spouse sub-title should reflect, Spouse/Partner (3) As it releates to creating a trust; addition cost of $800.00 A revocable trust is a document (the “trust agreement”) created by you to manage your assets during your lifetime and distribute the remaining assets after your death. The person who creates a trust is called the “grantor” or “settlor.” The person responsible for the management of the trust assets is the “trustee.” You can serve as trustee, or you may appoint another person, bank or trust company to serve as your trustee. The trust is “revocable” since you may modify or terminate the trust during your lifetime, as long as you are not incapacitated. During your lifetime the trustee invests and manages the trust property. Most trust agreements allow the grantor to withdraw money or assets from the trust at any time, and in any amount. If you become incapacitated, the trustee is authorized to continue to manage your trust assets, pay your bills, and make investment decisions. This may avoid the need for a court-appointed guardian of your property. This is one of the advantages of a revocable trust. Upon your death, the trustee (or your successor if you were the initial trustee) is responsible for paying all claims and taxes, and then distributing the assets to your beneficiaries as described in the trust agreement. The trustee’s responsibilities at your death are discussed below. Your assets, such as bank accounts, real estate and investments, must be formally transferred to the trust before your death to get the maximum benefit from the trust. This process is called “funding” the trust and requires changing the ownership of the assets to the trust. Assets that are not properly transferred to the trust may be subject to probate. However, certain assets should not be transferred to a trust because income tax problems may result. You should consult with your attorney, tax advisor and investment advisor to determine if your assets are appropriate for trust ownership.
Children and Beneficiaries What is a testamentary trust? A testamentary trust is a trust that is created after your death. It allows a trustee to manage and hold a beneficiary’s inheritance until the beneficiary reaches an age you choose, such as 18 or an older age.
For example, you may choose to have a child’s inheritance held in trust until they reach age 25, rather than having them receive the inheritance outright at age 18.
If your child is over 18, you are not required to leave them an inheritance. If you are considering disinheriting a child or beneficiary, please contact our team to discuss your options.
Beneficiary Information Name beneficiaries if you have no children.
Children When answering these questions, please answer the questions based on all your children including any step-children that you may want to include. For children under the age of 18, you will be required to name a guardian. We want to ensure that the Guardian is informed of selection, they are capable of accepting the role, and that it is a recommendation to the courts of the state in which the child resides. By setting up a testamentary trust for your children, you will be able to appoint a “trustee” to manage your children’s inheritance. Your trustee will be responsible for investing, handling, and providing distributions to your child as they see fit. Once your child reaches an age that you predetermine, your child will then have full access to their inheritance. If you do not choose to set up a trust for your child's inheritance will go to them outright, meaning they have full access and control once they reach the age of majority. Please note that a child under the age of 18 years old, will automatically have their inheritance go into a trust to be managed by an adult. If you would like BLUE LINE LAW FIRM PLLC to assist in management, please just add our name to the field and we can address it later. Finally, note that because this trust is created under a Will, court proceedings will be necessary to create these trusts. If you wish to do more comprehensive planning so that court proceedings are not necessary, please call our team at (888) 711-9488 for more planning.
Children Information About Your Children and Their Inheritance Please provide the requested information for each child and/or stepchild, including their full legal name, date of birth, and parent(s). How your children's inheritance is divided: You can choose to divide the inheritance equally among your children or specify different shares for each child. When your children receive their inheritance: If you choose to establish a trust for your children, you can select the age at which they receive the trust principal. Until that time, a trustee can manage the assets held in the trust according to the terms of your estate plan. For example: You may choose for a child's inheritance to remain in trust until age 25 rather than having the child receive the full inheritance at age 18. Important: If you are married, your estate plan may provide for your spouse first, with your children inheriting under the terms of your plan if your spouse does not survive you. Assets that have their own beneficiary designation, such as certain retirement accounts and life insurance policies, generally pass according to those beneficiary designations rather than your Will. Consider both your estate-plan provisions and your beneficiary designations when planning how your assets will be distributed. If you do not intend for your spouse to receive your estate first, or if you want to disinherit a child or beneficiary, please contact the attorney or law firm before completing your plan. Additional planning may be necessary.
Guardians for Your Minor Children What is a legal guardian? A legal guardian is a person appointed to care for a minor child and make decisions for the child when the child's parents are no longer able to do so. A guardian is generally responsible for the child's day-to-day care, including their physical and personal needs, until the child reaches adulthood.
Choosing a guardian You can name one or more people you would like to serve as guardians for your minor children. Consider choosing someone you trust who is able and willing to care for your children. If your chosen guardian is married and you would like their spouse to serve with them, use “Add” to include the spouse.
Stepchildren If you have a stepchild, the child's surviving biological parent may have legal parental rights and may remain the child's guardian unless those rights have been legally terminated or otherwise changed by a court. Your selection in this questionnaire does not automatically override existing parental rights.
Alternate guardians You may also name alternate guardian(s) to serve if your primary guardian cannot or will not serve. If you name more than one alternate guardian, you will be asked whether you want them to serve jointly or according to the arrangement provided in your estate plan.
Trustee A Trustee is the person who manages the assets held in trust for your children. Your Spouse will be your default trustee. You can name an alternative trustee should you spouse or primary trustee not survive. The Executor is the person who administers the estate. Its common to have the same person be the Executor and Trustee.
Spouse Trustee A Trustee is the person who manages the assets held in trust for your children. Your Spouse will be your default trustee. You can name an alternative trustee should you spouse or primary trustee not survive. The Executor is the person who administers the estate. Its common to have the same person be the Executor and Trustee.
Personal Representative What is a Personal Representative? A Personal Representative, also known as an Executor, is responsible for handling your estate after your death. This may include managing your assets, paying debts, expenses and taxes, and distributing your remaining assets according to your Will or applicable state law. Choose someone you trust who is responsible, organized, and comfortable handling financial matters or working with professional advisors. Choosing More Than One Personal Representative You may choose more than one person to serve as your Personal Representatives. If they serve jointly, they will generally need to work together when making decisions. Consider whether your chosen representatives can communicate and work well together. Law Firm as Personal Representative If probate is required, your estate plan may provide for the law firm preparing your documents to assist with or administer the probate process. If you have questions about this option, please discuss it with the attorney.
Personal Representative - Spouse/Partner What is a Personal Representative? A Personal Representative, also known as an Executor, is responsible for handling your estate after your death. This may include managing your assets, paying debts, expenses and taxes, and distributing your remaining assets according to your Will or applicable state law. Choose someone you trust who is responsible, organized, and comfortable handling financial matters or working with professional advisors. Choosing More Than One Personal Representative You may choose more than one person to serve as your Personal Representatives. If they serve jointly, they will generally need to work together when making decisions. Consider whether your chosen representatives can communicate and work well together. Law Firm as Personal Representative If probate is required, your estate plan may provide for the law firm preparing your documents to assist with or administer the probate process. If you have questions about this option, please discuss it with the attorney.
Financial Power of Attorney About Your Financial Power of Attorney A Power of Attorney Agent is the person you name to handle financial matters on your behalf during your lifetime. When authorized to act, your Agent can carry out the duties provided in your Power of Attorney without court involvement. When choosing an Agent, consider someone you trust who is responsible and comfortable handling financial matters. Your Agent may be the same person you choose as your Executor, but the roles are different: Power of Attorney Agent: Acts on your behalf during your lifetime. Executor/Personal Representative: Handles your estate after your death, when appointed through the probate process. You may choose more than one Agent. If you choose for Agents to serve jointly, they will generally need to make decisions together according to the terms of your Power of Attorney. Consider whether the people you choose can work well together.
Financial POA-Spouse/Partner A Power of Attorney Agent is the person you name in your Power of Attorney to step into your shoes to handle (financial matters for you) .When the Power of Attorney Agent has power to act, they then have legal authority to carry out what is authorized in the document without the need of court involvement. A Power of Attorney Agent can only act in their capacity as agent for you. When picking a Power of Attorney Agent, since this is a financial role, your analysis of who it should be is very similar to how you chose who should serve as your Executor . In a way, they can be similar roles – it’s just that the Power of Attorney Agent can only act on your behalf during your life and the Executor can only act when appointed by the Probate Court after your death. Because of this, it’s not uncommon to have the same helper serving in both roles. If you choose to have your agents serve jointly, your agents will have to make decisions together by majority decision. In choosing whether your agents should serve jointly, you should consider whether your agents would be able to get along and make decisions together. If you select that you would like your agents to serve jointly, you will want to select the “serve jointly” button next to each agent who you wish to have serve jointly. If you wish to have only two agents serve jointly and another agent serve individually, please only select the box next to the two joint agents and leave the box unselected next to the agent you wish to serve individually.
Health Care POA Your Health Care Agent can make medical decisions for you if you become incapacitated and are unable to make or communicate your own decisions. When choosing a Health Care Agent, consider someone you trust who would be comfortable making medical decisions on your behalf and who understands your wishes regarding medical care and end-of-life decisions. You may choose more than one Health Care Agent. If you choose for Agents to serve jointly, they will generally need to make decisions together according to the terms of your Health Care Power of Attorney. Consider whether the people you choose can communicate well and work together when making important medical decisions.
Health Care POA - Spouse/Partner Your Health Care Agent can make medical decisions for you if you become incapacitated and are unable to make or communicate your own decisions. When choosing a Health Care Agent, consider someone you trust who would be comfortable making medical decisions on your behalf and who understands your wishes regarding medical care and end-of-life decisions. You may choose more than one Health Care Agent. If you choose for Agents to serve jointly, they will generally need to make decisions together according to the terms of your Health Care Power of Attorney. Consider whether the people you choose can communicate well and work together when making important medical decisions.
Disclaimer and Privacy Policy Disclaimer and Privacy Policy Document
Additional Information Additional facts may be any additional questions you may have, it may be just general synopsis or the general direction of your will, e.g. I want everything to go to my wife, then my kids.
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