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 If you have children and/or beneficiaries, you will be provided with the option to establish a testamentary trust for their benefit. A testamentary trust is a trust created after your passing. The trust is held for the benefit of your children until they reach a certain age. This allows for a trustee to manage a child’s inheritance until they reach 18 years of age or otherwise age/circumstance of your selection. Please remember that if your children are over the age of 18, you are not required to leave them anything. Please ask to discuss disinheritance with our team.
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) 611-9511 for more planning.
Children Information Please provide the full legal name, date of birth, and parental status for each child and step-child. Please remember, if you are married, this estate planning tool will leave your estate to your spouse. This division of property will only happen if your spouse predeceases you. Your Last Will and Testament will distribute assets in your estate at the time of your death. Any assets that have named beneficiaries will follow those instructions rather than your Last Will and Testament. It is important to consider both types of assets when deciding how your estate will be divided. If you do not intend to leave everything to your spouse first and then your children, you will need additional planning beyond the scope of this online estate planning tool, and we recommend you call our office at 888-611-9511 for a free consultation.
Guardians for Your Minor Children
Last Will (Pour over Will)/ Executor Last Will (Pour over Will)/ Executor
Last Will (Pour over Will)/ Executor-Spouse/Partner Last Will (Pour over Will)/ Executor-Spouse/Partner
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.
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 - Spouse/Partner Your Health Care Agent will make medical decisions for you if you are incapacitated and unable to do so yourself. When picking a Health Care Agent, pick someone who would be comfortable serving in this role. Also, consider whether that person would have similar ideas as to you regarding medical care. If your doctors ever need to say that there is nothing further they can do except to keep you “hooked up” to machines, and you would not want that, don’t pick someone who would feel the opposite or too burdened to have to make those kind of decisions. If you choose to have your Health Care Agent serve jointly, your Health Care Agents will have to make decisions together by majority decision. In choosing whether your Health Care Agents should serve jointly, you should consider whether your Health Care Agents would be able to get along and make decisions together. If you select that you would like your Health Care Agents to serve jointly, you will want to select the “serve jointly” button next to each Health Care Agent who you wish to have serve jointly. If you wish to have only two Health Care Agents serve jointly and another Health Care Agent serve individually, please only select the box next to the two joint Health Care Agents and leave the box unselected next to the Health Care Agent you wish to serve individually.
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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