BASIC ESTATE PLANNING BOOT CAMP ISBA Trusts & Estates Section 20 S. Clark Street Suite 900 Chicago, IL April 25, 2013

Size: px
Start display at page:

Download "BASIC ESTATE PLANNING BOOT CAMP ISBA Trusts & Estates Section 20 S. Clark Street Suite 900 Chicago, IL April 25, 2013"

Transcription

1 BASIC ESTATE PLANNING BOOT CAMP ISBA Trusts & Estates Section 20 S. Clark Street Suite 900 Chicago, IL April 25, 2013 A Country Lawyer s Approach To Information Gathering Presented By: Paul A. Meints, Esq., CLU, ChFC 2 Kenyon Court Bloomington, IL Telephone: 309-TAX-1040 [ ] Copyright by Paul A. Meints 2013 [Liberal permission given to each attendee to use in his/her practice] 1

2 Table of Contents Forms & Data Gathering Aids Page: 3 Questionnaire for the Parents of Minor Children 15 Estate Organizer With Farm Related Provisions 26 Non-Statutory Power of Attorney for Property & Health Care 41 Power of Attorney for temporary care of minors 46 Advance Medical Directives 58 Temporary Beneficiary Designation for Parents of Minor Children 2

3 PAUL A. MEINTS Attorney - CLU ChFC Please Reply to: 108 S.W. Arch Street - Box 310 #2 Kenyon Court Atlanta, IL Telephone: Bloomington, IL TAX-1040 [ ] Fax: MINOR CHILDREN'S TRUST & ESTATE PLANNING QUESTIONNAIRE A. Parental Information: 1. Name of FATHER: Social Security #: Born: / /19 Resides at: Address: Employed by: Telephone # at Home: Mobile Phone Number(s): Names of Father's Living Parents: at Work: Names of Father's Living Brother(s) and Sister(s): Are any inheritance(s) anticipated? [ ] Yes [ ] No When? Approx. Value: $ 2. Name of MOTHER: Maiden: Social Security #: Born: / /19 Resides at: Address: Employed by: Telephone # at Home: Mobile Phone Number(s): Names of Mother's Living Parents: at Work: Names of Mother's Living Brother(s) and Sister(s): Are any inheritance(s) anticipated? [ ] Yes [ ] No When? Approx. Value: $ B. Information Concerning Children: 1) 2) Full Name Date of Birth Address: Copyright 2013 Paul A. Meints Law Office 3

4 3) 4) 1. Do any of the children have mental or health related impairments/disabilities? [ ] Yes [ ] No If Yes, please request my outline on Estate Planning for the Parents of Handicapped Children and briefly describe the child s handicap here: 2. Are any of the children from a prior marriage? [ ] Yes [ ] No If yes, indicate on the last page of this questionnaire by (a) which parent, (b) whether they have been or intend to be legally adopted by the new spouse, (c) if they are in the custody of another person, (d) provide the name and address of the other parent, (e) describe your relationship with the parent, and (f) describe your relationship with the child s grandparents, etc. 3. If any children are adopted by you or by your children at some point in the future, shall the adopted child share equally with the natural (biological) children? [ ] Yes [ ] No [ ] Not Sure [ ] Open for Suggestions 4. Do you have any special wishes or requests concerning the raising and development of your children? E.g., raised in the Catholic faith; attend religious school(s); encourage participation in sports; visitation with grandparents and other close relatives encouraged, etc. C. Information Concerning Disposition of Personal Property: 1. Are personal effects and household goods to pass to the surviving spouse? [ ] Yes [ ] No If not, to whom? 2. At the death of the surviving spouse, are personal effects and household goods to pass to the surviving children? [ ] Yes [ ] No If not, then to whom? D. Information Concerning Specific Bequests: 1. Do you wish any individual or entity to receive property at the first death or at the survivor's death? E.g., Church, parent, etc. [ ] Yes [ ] No If so, what, when and to whom? 2. Do you (i) have income such as renewals and commissions that could be paid after your death or (ii) now own or plan to ac- 4

5 quire (a) property in another state and/or outside of the United States, (b) closely-held business interest(s) [businesses with a limited number of owners], (c) tax shelters, or (d) items of an unusual nature? Describe: E. Information Concerning Disposition of Remaining Property: 1. Do you want the balance of the estate to pass to the surviving spouse? [ ] Yes [ ] No [ ] Not Sure 2. Would you like money or property to be left to one or more CHARITIES? At the first death? Survivor s estate? Specific Amount? Percentage? Donor Advised Fund? Your wishes: 3. Upon the death of the surviving spouse, is the balance of the estate to pass into the Children's Trust? [ ] Yes [ ] No [ ] Not Sure 4. At what age(s) should the child(ren) be for the outright receipt of his or her share of the estate? _ Would you consider staggered distributions, e.g., 25, balance at age 30, having "act" together for 5 years income paid annually until trust ends? Providing incentives and rewards? [ ] Yes [ ] No [ ] Not Sure [Use asset protection planning ] 5. If both of your estates are liquidated, converted to cash, all life insurance and retirement benefits received, and all debts and mortgages paid, APPROXIMATELY HOW MUCH REMAINS FOR YOUR CHIL- DREN? $ (Please provide a good faith estimate) (Do you now have (i) an umbrella liability policy with limits that exceed this value? [ ] Yes [ ] No, (ii) auto and homeowner liability limits that exceed this value? [ ] Yes [ ] No [Bring Policy Declaration [statement of liability coverages] for your home and also for your auto with you when we meet]). If the primary wage earner died tomorrow approximately how much income would the surviving spouse and family need in the year that follows in order to continue the family s current standard of living? $ /Year for years. Approximately how much do you now owe to others (mortgages, car loans, credit cards, student loans, etc.) $ 6. If your children die (a) before you do (car accident, for example) or (b) prior to their receiving all of their property (the age selected for the final distribution from the Children s Trust) where would you like your property to go? (Example: 1/2 to Husband's relatives and 1/2 to Wife's relatives; to charity; etc.) F. Information Concerning Fiduciaries : 5

6 1. Who do you want to serve as EXECUTOR [Settles the estate pays the bills takes court action, if necessary]? a. First Choice: Address: Telephone #: home: Work: Mobile Phone Number(s): b. Second Choice: Telephone #: home: Work: Mobile Phone Number(s): c. Third Choice: Address: Telephone #: home: Work: Mobile Phone Number(s): [Note: I try very VERY hard to avoid Co-executors, coagents, and the like Sharing this job is not practical and not terribly efficient. Normally the Executor also serves as your agent for any power of attorney] 2. Who do you want to serve as GUARDIAN of your children's PROPERTY (also as the TRUSTEE(S) for the Children's/ Handicapped Child s Trust)? a. First Choice: Address: Telephone #: home: Work: Mobile Phone Number(s): b. Second Choice: Address: Telephone #: home: Work: Mobile Phone Number(s): c. Third Choice: Address: Telephone #: home: Work: Mobile Phone Number(s): 3. Who do you want to serve as GUARDIAN of your children's PERSON (provide day-to-day care/nurturing)? a. First Choice: Address: Telephone #: home: Work: Mobile Phone Number(s): b. Second Choice: Address: Telephone #: home: Work: Mobile Phone Number(s): c. Third Choice: Address: Telephone #: home: Work: Mobile Phone Number(s): 6

7 G. Names and Addresses of any INSURANCE COMPANY or Provider of RETIREMENT BENEFITS. (Please insert policy loans in the margin). Account/ Insured Policy Name Address Policy #: H/W Amount 1) [City, State, Zip] 2) [City, State, Zip] 3) [City, State, Zip] 4) [City, State, Zip] 5) [City, State, Zip] 6) [City, State, Zip] H. Additional Estate Planning Related Documents, Concepts, and Planning Issues: 1. Durable General Power of Attorney for PROPERTY: Assists in smooth management of property related matters in the event of your illness, injury, incapacity, disability, or absence. A MUST!! 2. Durable Power of Attorney for HEALTH CARE: Assists in obtaining good services and quality medical care if your health deteriorates. (I combine with #1 for fewer overall documents and direct access to the checking account). Often one of the first documents asked for by a hospital. Needs to expressly deal with the release of medical information [HIPAA medical privacy protected health information (PHI)]. Pre-printed fill-in-the blank / statutory / short-form power forms commonly available date back to September of 1987 [minor updates effective January 1, 2012] and can easily be improved upon. A MUST!! Helpful, too, for any child over age 18. Many colleges will not release any information, even serious medical issues, to a parent without something in writing from the student. 3. Power of Attorney for Minor's Care: Assists in obtaining medical services for a minor child should the parent(s) be absent. A MUST for nearly all families having minor children. Designating someone to help with the child s longer-term education and raising is done with different paperwork. In September of 2007 the designated time frame went from 60 days to 365 days. I normally 7

8 address these issues based on an as needed basis, most often triggered because of being a single parent with declining health issues. 4. Living Will: Helps avoid artificially sustained life support when there is essentially no hope of recovery. Husband: [ ] Yes [ ] No Wife: [ ] Yes [ ] No (Does not seem to be essential IF (i) Health Care Power of Attorney and (ii) Advance Medical Directives, items #2 and #5, exist). 5. Advance Medical Directives: Gives the person who is responsible for actually making medical decisions greater information, specificity, and insight as to your specific health care related decisions, wishes, and objectives. Often confused with a living will. Keeps your personal wishes and situation from being covered by national TV and the news media and reduces much of the stress on the person who has the unfortunate responsibility for making these difficult end-of-life decisions. Religious beliefs can be incorporated but only with some difficulty and with additional issues raised. Please remind me if you wish to incorporate faith based beliefs into this document. A MUST FOR NEARLY EVERY- ONE, including any living parent(s) of yours. 6. Organ & Tissue Donations: Noting your wishes on your Driver's License is a simple, inexpensive, and helpful way to carry out special wishes concerning donation of your (i) body, (ii) organs, and/or (iii) tissue/skin. In the past this was done by signing on the back of your driver s license. Now days it is coded on the front of your license. Adding this to your Will is not practical. Noting your desire to be cremated in your will is also not practical. Separate card and registration with the Secretary of State or other organization are used by some individuals to note their wishes. Registration for the new Illinois First-Person Consent Organ & Tissue Donor Registry is done easiest at a driver s license facility rather than on-line. If you wish to donate your organs then another close family member/friend should also be informed of your wishes. Reminders about this should also be included with your Health Care Power of Attorney and any Advance Medical Directives which you complete. A very very serious shortage of donors exists. Not without controversy, however. 7. Emergency Contact Database Registration. The Illinois Secretary of State has developed a wonderful program for helping people make emergency contact with selected family members or friends designated emergency contact. Anyone wishing to utilize this service should start by going to the Illinois Secretary of State s website: https://www.ilsos.gov/eci/. Look for Emergency Contact Database someplace on home page, click, and follow the instructions. A maximum of two names and telephone numbers can be added. Highly suggested for your parents and other single family members if they spend time in an automobile. 8. Final Wishes Form: A simplified way to let someone know your wishes for the funeral. Difficult to discuss with others. 8

9 The funeral industries pre-paid arrangements are having some difficulties. Until those issues are resolved I m not in favor of pre-paying for any funeral-like arrangements. 9. Spousal Consent Form: Generally required when completing new retirement benefit beneficiary designations of any kind company pension plan, 401(k), IRA s of all types. Some difficulty may be encountered if you are under 35. Also, there is not universal recognition among retirement plan providers of what rules actually apply to what. 10. Life Insurance Beneficiary Designation Change Form: A new beneficiary designation is nearly always required to coordinate the payment of life insurance proceeds with the overall estate plan. Same is true for any retirement related plans and benefits, perhaps even commissions, renewals and other income which may be paid after death. (An irrevocable life insurance trust is helpful for some families having (a) potential estate tax issues [generally for estates that exceed $5,250,000 [2013] in value] and (b) significant amounts of life insurance, most often limited to only term life insurance for families having young children). NEVER NEVER NEVER EVER NAME MINOR CHILDREN AS A BENEFICIARY FOR INSURANCE OR RETIREMENT BENEFITS, not primary not secondary not anything. [Please ask me for a temporary beneficiary designation if you anticipate that you will not complete your new estate plan in the near future]. This beneficiary designation concept can also be helpful when dealing with renewals, commissions, overrides, unpaid salary, and other income which is owed and payable after the earner's death called income in respect of a decedent ( IRD ) under Section 691 of the Internal Revenue Service Tax Code. 11. Joint Tenancy Personal Property Declaration: Helps establish title to assets normally having no generally recognized title. Minimizes probate expenses and unintended heirs of such. Does not seem to be essential for persons whose income comes from salary associated with working for another entity or person. Helpful for some second/third marriage situations - for farmers and small business owners -- helpful in dealing with the lack of ownership/title to such items as machinery, livestock, chemicals, prepaids, growing crops, tools and equipment, tenant matters, inventory, office equipment, receivables, and the like these being the most common examples that come up. Some form of recognition/ declaration is also helpful in second marriage/blended family situations involving children from a prior marriage. 12. Revocable Living Trust (Inter Vivos Trust): MAY minimize probate expenses, shorten time before distribution, reduce public disclosure or personal affairs, and provide some protection during lifetime. Having a revocable trust done correctly is more expensive than a will with trust provisions - final cost depending upon (i) the complexity of the estate plan and the number of the documents needed and (ii) the funding of the trust. Using a Revocable Living Trust as the basic document requires a serious long-term post-signing client commitment to and through the time of death for 9

10 greatest benefit. Revocable Living Trusts are NOT everyone's estate planning answer!!! It is my belief that revocable living trusts are generally better suited for (i) older adults (sixty and over), (ii) persons who own real estate outside the state of their domicile, and/or (iii) those who have been convinced revocable trusts are the answer by going to an estate planning seminar - second/third/fourth marriages (at any age) being another area where they are often useful. Common Law trusts and Offshore planning almost always benefit the seller of the services more than you. Trusts provided by your insurance agent or financial adviser should be avoided. Irrevocable trusts should be limited to only life insurance, preferably term insurance, and here only if some ability to be flexible in the future exists within the document. Residential and Charitable trusts are seldom beneficial for persons with young children. Stay away from lettered trusts : DAPTS, CLATS, CLUTS, GRATS, GRUTS, DIGITS, etc. Avoid free or almost-free estate planning from LegalZoom, Oprah, and others on TV. 13. Wrongful Death Settlement Election: Wrongful death litigation may involve a large sum which can cause problems if not considered ahead of time. Rarely happens but, when it does, there are often large dollar amounts involved. Generally left to you to decide if you want to deal with this. Typically adds approximately one hour of time to try and deal with this issue. Husband: [ ] Yes [ ] No [ ] Not Sure Wife: [ ] Yes [ ] No [ ] Not Sure 14. Tenancy By The Entirety for Your Residence. It is now possible in Illinois to provide additional creditor protection ( asset protection being another term that I use from time to time) for your home through use of tenancy by the entirety rather than joint tenants with rights of survivorship ownership. Tenancy by the entirety is the same as joint tenancy but with additional creditor/asset protection [total protection versus $15,000 homestead protection for joint tenancy] and is my standard /preferred form of ownership for the marital residence. Typically adds slightly less than one hour to address this change. Find your deed and see what form of ownership you currently have. Cost of recording this new deed is approximately $51.00 in most counties. Average legal fees are around $100 for the deed preparation. Advisable to request lender's permission before completing and recording the new deed. [ ] Yes [ ] No [ ] Already have it 15. Asset Protection Planning. This simply means keeping your property out of the hands of people you or your heirs don t think should have it. Filing a law suit ranks as the perceived second quickest way to get rich ahead of inheritance and behind winning the lottery. In the business world, corporations and LLC s (limited, if any, asset protection for the one-man LLC) are common asset protection devices, big estates often go offshore, domestic asset protection trusts [DAPTs] now permitted in a handful of states. I like Family Limited Liability Limited Partnerships (FLLLP), permitted in Illinois since about It is my belief that the philosophy of some people to sue everyone for anything will continue through my lifetime and yours if you own it, it can 10

11 be taken away. Problems can arise simply from a person, old or young, being in the wrong place at the wrong time, poor selection of spouses/ friends/acquaintances, failure to have adequate liability insurance coverage to cover judgments, etc. I like asset protection planning! Asset protection plans and strategies range from being very simple ( cheap ) to very complex (mucho expensive), tenants by the entirety being an example of a very simple but highly effective approach. [Often more important for your parents as their estate is typically larger than yours]. Related issues involve [ ] an umbrella liability policy for personal matters, [ ] appropriate liability limits/umbrella policy for any business, [ ] protecting property and business with a corporation, limited liability company (LLC), limited partnership, LLLP, etc. Very very rare for me to create a business entity in another state, e.g., Delaware, Nevada, Texas, Alaska, Iowa. If you own or share ownership in a business then these issues need to be discussed and made a part of your overall estate plan buy-sell agreement/ business continuation planning covering (i) death, (ii) disagreement, (iii) deadlock, (iv) divorce, (v) disability, etc. [ ] Yes [ ] No [ ] Already have it [ ] Maybe let s talk. 16. Conflict of Interest Matters. It is generally easiest (and cheapest) for one attorney to help both the husband and the wife develop a common family estate plan. Marital relationships, however, can change over time. Happy couples can become very unhappy couples. Couples who agree today may disagree in the future. Sometimes these changes are minor. Sometimes they are or become major and serious. The general rule in Illinois is for each person to have his and her own attorney. This may be helpful in some respects but not in other respects. Two approaches are common among lawyers, either (i) tell nothing or (ii) tell everything. My practice is to keep no secrets, information being shared with both parties. Please check the appropriate box as to whether or not you want one attorney to help you with your estate planning matters. Husband: [ ] Yes [ ] No [ ] Not Sure Wife: [ ] Yes [ ] No [ ] Not Sure For more than thirty-nine years my policy on client confidentiality has been, is, and will remain pretty simple: nothing gets shared with others unless you tell me to do so. 17. Family Related Issues. Some families have very good relationships. Other families do not. Some families have unique circumstances, some do not. Most families have a little bit of both. Do any difficulties exist which may cause potential problems in the future? Husband: [ ] Yes [ ] No [ ] Not Sure Wife: [ ] Yes [ ] No [ ] Not Sure 18. Estate & Gift Tax Laws for 2013 and Later. On January 2, 2013, President Obama extended the 2012 estate exemption of $5,120,000 to 2013 and future years, the amount now being indexed for inflation. The estate and gift tax free amount for Illinois is $4,000,000 with no automatic increase now being in place. Annual 2012 gifting of $13,000 has risen to $14,000 per person in While you may not need a lot of tax planning, please remember that the need for people protection and property protection occurs 11

12 at all levels of wealth. Wealth redistribution was one of the essential differences in the 2012 Presidential election makers versus the takers, the takers now out numbering the makers in Illinois. 19. Liability Coverages for Auto and Home; Umbrella Policy. Please request a current print-out from your insurance agent of the details concerning your auto and homeowner s insurance. When you do this give him or her written permission to talk directly to me. BRING THE PRINT-OUT(S) TO OUR MEETING. It is crucial that you have realistic liability limits. Having low amounts involved helps the insurance company s profitability but may complicate your life in the event of a serious accident. Remember that accidents are not always the other person s fault. Judgments last for 10 years and can be renewed indefinitely to take advantage of greater future income, inheritances, good fortune, and the like. 20. Other: I. My Estate Planning Philosophy and Fees for Services: My fees for estate planning are based on the amount of time involved. Nothing more and nothing less. [See Item J for approximating this cost]. It is my goal to provide a flexible, comprehensive, quality, timely, professional service that meets your needs now and in the future. I will not sacrifice quality to match advertisements or another firm's price nor will I do work which is not consistent with my personal standards for doing the best work that I know how to. A copy of my professional resume is available upon request. J. ESTIMATE of Total Fees for Estate Plan: 1. Meeting(s) and discussion(s) -- hour(s) (Varies from client to client); 2. Tax analysis, calculations, recommendations, and preparation of alternative approaches for saving estate taxes: hours (generally not done if the need to save taxes is not perceived by all parties to be an important issue - $5,250,000, indexed for inflation, is exempt from federal death tax for 2013 and futures years nothing is permanent as long as Congress is in session - and $4,000,000, not indexed, is exempt from Illinois death tax beginning The odds of a permanent total estate tax repeal movement has slowed considerably with substantial tax deficits or shortages that exist at both the federal and the state levels, remember that significant amounts are needed to pay the interest, pay for increasing governmental services and regulations, business bail-outs, high salaries, health care for everyone, extended unemployment benefits, the war effort, natural disasters, Medicaid, etc.; 12

13 3. Drafting of Documents - hours; 4. Re-drafting of documents - hours (generally unknown at the time of the first meeting); 5. Preparation and organization for signing of documents -- hour(s) (one hour is most common); 6. Normal Signing of Documents -- hour(s) a little over one hour is most common for typical families witnesses need to know you reasonably well generally signed at a location of your choice to make your supplying of two witnesses easier for everyone if you have a dysfunctional family then think about having three witnesses; 7. Post-signing Matters - changing ownerships and/or beneficiary designations, new deed for tenancy by the entirety's creditor protection, dealing with service providers, insurance companies, and retirement benefit providers are the most common examples of this -- hour(s) (actual amount of time for this is never known until the job is done); 8. Travel Time Billing varies according to the circumstances typically no charge for short distances. 9. s and Telephone Calls typically no charge if short and relatively infrequent. 10. Other matters known now: -- hours 11. ESTIMATED time for items 1 through 10: hours 12. Current hourly rate: $ /Hour 13. Estimated Photocopying Expenses -- $ 14. Other Expenses $ Estimated Total for items 11 14: $ We hereby acknowledge that (i) we have had the opportunity to ask questions concerning our estate and its distribution and (ii) we wish Paul A. Meints to proceed with the implementation of an estate plan for each of us. We further acknowledge that our estate planning needs change over time and that it is our responsibility to monitor and periodically evaluate our current estate plan, scheduling reviews with the attorney of our choice no less often than once every five (5) years. We also understand that some documents, such as powers of attorney for property or health care, become less effective over time ( stale ) and that best acceptance occurs when the documents are fresh, less than five years old sixty (60) days for most powers of attorney dealing with stocks, bonds, and securities, 120 days for some dealings with the IRS, some hospitals now wanting nothing older than one year. We understand the manner in which Paul will calculate his fees for the work he does. We agree to promptly pay for any work done, whether or not we finally sign such. If Paul's bill is not paid within thirty (30) days after his statement is provided to us then interest shall accrue at the rate of one percent per month until Paul's bill has been paid in full. If such charges are not fully paid within ninety (90) days then we will pay any legal expenses and other costs of collecting the amount(s) outstanding. We further promise that neither of us will make any copies of the documents he gives us, sign the documents without his knowl- 13

14 edge, nor will we share or provide such information to other person(s) without Paul's written consent. Dated:, 201 Dated:, 201 Father - Signature Mother - Signature Member of: McLean County, Logan County, Illinois, Indiana, and American Bar Associations since Licensed to Practice before the Indiana, Illinois, and United States Supreme Court, Federal District Court, and the United States Tax Court since Selected by peers in 1996 to be among the first twenty-five (25) lawyers in Illinois to be designated as a "Leading Illinois Attorney" in (1) Trusts and Estate Planning, (2) Agricultural Law, (3) Agricultural and Natural Resources (Real Estate), and (4) Individual Income Tax. Chairperson of the Agricultural Law Section Council of the Illinois State Bar Association for

15 Information Needed Please Bring: [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] Latest 1040 and Any Business Income Tax Return [1041/1065/1120/1120-S] including the depreciation schedules/worksheet/breakdown/summary utilized in calculating taxes; Deed for each parcel/legal Descriptions (From Deed, Mortgage, or Title Commitment) Real Estate Tax Bill(s) Existing Wills/Trusts/Estate Planning Documents Business Entity Papers, Record Books, and Agreements (Corp./LLC/FLP/FLLLP, etc.) Declaration of liability insurance coverages, options, and limits for auto-home-farmbusiness insurance [also bring a photocopy of all vehicle titles] Names, addresses, and telephone numbers for close family members (Children, Parents, brothers, sisters [close friends if there are no close family members]) Describe pending/potential inheritances Names, addresses, and telephone numbers of trusted financial advisers Information and documents for loan(s) to children; current outstanding balance(s) Choice for Person to be Agent for Medical and Property Power of Attorney*: 1) Spouse 2) 3) 4) * Include names, addresses, and telephone numbers (home, work, and mobile/cell) FAMILY ESTATE PLANNING ORGANIZER FAMILY INFORMATION Date, Name of FATHER/CLIENT: Social Security #: Born: / /19 Resides at: Address: Employed by: at Telephone # at Home: Mobile Phone Number: Names of Father's Living Parents: Work: Names of Father's Living Brother(s) and Sister(s): Are any inheritance(s) anticipated? [ ] Yes [ ] No When? Approx. Value: $ Date of this Marriage: / / Any prior marriage(s)? [ ] Yes / No [ ] 2. Name of MOTHER/CLIENT: Maiden: Social Security #: Born: / /19 Resides at: 15

16 Address: Employed by: at Telephone # at Home: Mobile Phone Number: Names of Father's Living Parents: Work: Names of Father's Living Brother(s) and Sister(s): Are any inheritance(s) anticipated? [ ] Yes [ ] No When? Approx. Value: $ Any prior marriage(s)? [ ] Yes / No [ ] Any outstanding obligations by either party? CHILDREN** (if married give married names note any children with multiple marriages) 1. Name: Spouse s Name: Address: Telephone #: home: Work: Mobile Phone Number: Birthdate: Grandchildren: 2. Name: Spouse s Name: Address: Telephone #: home: Work: Mobile Phone Number: Birthdate: Grandchildren: 3. Name: Spouse s Name: Address: Telephone #: home: Work: Mobile Phone Number: Birthdate: Grandchildren: 4. Name: Spouse s Name: Address: Telephone #: home: Work: Mobile Phone Number: Birthdate: Grandchildren: 5. Name: Spouse s Name: Address: Telephone #: home: Work: Mobile Phone Number: Birthdate: Grandchildren: Are any children or grandchildren handicapped? Under Financial Stress? Drugs or alcohol? Marital Difficulties? [ ] Yes [describe at the end] [ ] No Are any of the children from a prior marriage? [ ] Yes [ ] No Do any of your children/child s spouse have difficulty managing money? [ ] Yes [ ] No ** If you have no children please list/describe the persons, charities, or friends you wish to leave property to. 16

17 ASSETS SCHEDULE A LIQUID FUNDS 1. Checking Accounts or Money Market Funds Name of Institution In Whose Name(s) Ave. Amt. $ In Whose Name(s) Ave. Amt. $ In Whose Name(s) Ave. Amt. $ In Whose Name(s) Ave. Amt. $ 2. Savings, Certificates of Deposit, and similar interest-bearing investments Name of Institution In Whose Name(s) Ave. Amt. $ In Whose Name(s) Ave. Amt. $ In Whose Name(s) Ave. Amt. $ In Whose Name(s) Ave. Amt. $ In Whose Name(s) Ave. Amt. $ TOTAL $ SCHEDULE B -- U.S. SAVINGS BONDS, TREASURY BILLS, or AGENCY BONDS Type Maturity Date Owner(s)* Maturity Value TOTAL $ *Names of owners should be taken from the face of the stocks and notes. Show such language as and/or to indicate how title is held. [If you don t have access to the latest software on US Savings bond values, then it is helpful to just make a copy of the bonds and bring with you. Individual values can be found by going to If multiple bonds are involved the US Savings Bond Wizard is a better choice: Also suggested that you have a photocopy of the bonds at another location. SCHEDULE C -- CORPORATE or MUNICIPAL BONDS or BOND FUNDS Face Amount Issuer Owner(s)* Amount Paid 17

18 TOTAL $ SCHEDULE D STOCKS or STOCK MUTUAL FUNDS # of Shares Company Common or Owner(s)* Current Fair Preferred Market Value $ $ $ $ $ $ $ $ TOTAL $ SCHEDULE E NOTES AND MORTGAGES HELD FOR LOANS YOU MADE TO OTHERS Name of Person Name of Person the Original Current in Debt to You Note Is Made Out To* Date Due Amount Balance Due $ $ $ $ $ $ TOTAL $ SCHEDULE F RETIREMENT ACCOUNTS [Pension, Profit Sharing, HR-10, IRA, ROTH, 401(k), 457, 419, Etc.] Type of Account Name on Primary Current Account Held By/With Account Number Account Beneficiary* Value $ $ $ $ * Most beneficiary designations now require social security numbers and birth dates of the beneficiaries, even secondary. SCHEDULE G AUTOMOBILES, TRUCKS, BOATS, OR RECREATIONAL VEHICLES 1. Make & Year Registered owner(s) 2. Make & Year Registered owner(s) 3. Make & Year Registered owner(s) 4. Make & Year Registered owner(s) Any missing titles? [ ] Yes / [ ] No TOTAL $ [Bring Declaration of Liability Coverages with you] SCHEDULE H MAJOR HOUSEHOLD GOODS, ANTIQUES, & SPECIAL COLLECTIONS 18

19 Brief Description: TOTAL $ SCHEDULE I RESIDENTIAL - URBAN - VACATION - INVESTMENT REAL ESTATE Parcel 1. Legal Description: County State Owned in name(s) of If more than one owner, please indicate how title is held: [ ] Joint Tenancy (right of survivorship) [ ] Tenancy in Common [ ] Tenants by the Entirety [ ] Trust [ ] Unknown Date of acquisition How acquired: [ ] Gift [ ] Purchase [ ] Inheritance Mortgage With Current Mortgage Balance: $ Price paid or value when acquired $ PRESENT VALUE $ [Bring Homeowner s Summary of Liability Coverages with you] Parcel 2. Legal Description: County State Owned in name(s) of If more than one owner, please indicate how title is held: [ ] Joint Tenancy (right of survivorship) [ ] Tenancy in Common [ ] Tenants by the Entirety [ ] Trust [ ] Unknown Date of acquisition How acquired: [ ] Gift [ ] Purchase [ ] Inheritance Mortgage With Current Mortgage Balance: $ Price paid or value when acquired $ PRESENT VALUE $ TOTAL VALUE OF ALL PARCELS $ FARM SCHEDULE (if applicable) SCHEDULE J FARM MACHINERY and EQUIPMENT* Brief Description: * Bring Farmowner s Policy/Farm Net Worth Statement TOTAL VALUE $ SCHEDULE K LIVESTOCK Kind and Number: TOTAL VALUE $ SCHEDULE L GRAIN INVENTORY [Field (Growing)/Bins/Elevator/Futures] 19

20 Kind and Amount: TOTAL VALUE $ SCHEDULE M FARM REAL ESTATE Tract 1. Farm Known as: No. of Acres: Tillable Acres: Section: Township: County: USDA No. Real Estate Tax No. (PIN): Owned in name(s) of If more than one owner, please indicate how title is held: [ ] Joint Tenancy (right of survivorship) [ ] Tenancy in Common [ ] Tenants by the Entirety [ ] Trust [ ] Unknown Date of acquisition How acquired: [ ] Gift [ ] Purchase [ ] Inheritance Current Lender/Mortgagor: Balance Remaining: $ Describe Lease Terms: Price paid or value when acquired $ PRESENT VALUE $ Tract 2. Farm Known as: No. of Acres: Tillable Acres: Section: Township: County: USDA No. Real Estate Tax No. (PIN): Owned in name(s) of If more than one owner, please indicate how title is held: [ ] Joint Tenancy (right of survivorship) [ ] Tenancy in Common [ ] Tenants by the Entirety [ ] Trust [ ] Unknown Date of acquisition How acquired: [ ] Gift [ ] Purchase [ ] Inheritance Current Lender/Mortgagor: Balance Remaining: $ Describe Lease Terms: Price paid or value when acquired $ PRESENT VALUE $ Tract 3. Farm Known as: No. of Acres: Tillable Acres: Section: Township: County: USDA No. Real Estate Tax No. (PIN): Owned in name(s) of If more than one owner, please indicate how title is held: [ ] Joint Tenancy (right of survivorship) [ ] Tenancy in Common [ ] Tenants by the Entirety [ ] Trust [ ] Unknown Date of acquisition How acquired: [ ] Gift [ ] Purchase [ ] Inheritance Current Lender/Mortgagor: Balance Remaining: $ Describe Lease Terms: Price paid or value when acquired $ PRESENT VALUE $ Tract 4. Farm Known as: No. of Acres: Tillable Acres: Section: Township: County: USDA No. Real Estate Tax No. (PIN): Owned in name(s) of If more than one owner, please indicate how title is held: [ ] Joint Tenancy (right of survivorship) [ ] Tenancy in Common [ ] Tenants by the Entirety [ ] Trust [ ] Unknown Date of acquisition How acquired: [ ] Gift [ ] Purchase [ ] Inheritance Current Lender/Mortgagor: Balance Remaining: $ Describe Lease Terms: Price paid or value when acquired $ PRESENT VALUE $ 20

TEXAS GENERAL DURABLE POWER OF ATTORNEY THE POWERS YOU GRANT BELOW ARE EFFECTIVE EVEN IF YOU BECOME DISABLED OR INCOMPETENT

TEXAS GENERAL DURABLE POWER OF ATTORNEY THE POWERS YOU GRANT BELOW ARE EFFECTIVE EVEN IF YOU BECOME DISABLED OR INCOMPETENT TEXAS GENERAL DURABLE POWER OF ATTORNEY THE POWERS YOU GRANT BELOW ARE EFFECTIVE EVEN IF YOU BECOME DISABLED OR INCOMPETENT NOTICE: THE POWERS GRANTED BY THIS DOCUMENT ARE BROAD AND SWEEPING. THEY ARE

More information

CALIFORNIA GENERAL DURABLE POWER OF ATTORNEY THE POWERS YOU GRANT BELOW ARE EFFECTIVE EVEN IF YOU BECOME DISABLED OR INCOMPETENT

CALIFORNIA GENERAL DURABLE POWER OF ATTORNEY THE POWERS YOU GRANT BELOW ARE EFFECTIVE EVEN IF YOU BECOME DISABLED OR INCOMPETENT CALIFORNIA GENERAL DURABLE POWER OF ATTORNEY THE POWERS YOU GRANT BELOW ARE EFFECTIVE EVEN IF YOU BECOME DISABLED OR INCOMPETENT CAUTION: A DURABLE POWER OF ATTORNEY IS AN IMPORTANT LEGAL DOCUMENT. BY

More information

DURABLE POWER OF ATTORNEY

DURABLE POWER OF ATTORNEY This document was prepared by: John Doe 100 Main Street Miami, Florida 33109 Return To: John Doe 100 Main Street Miami, Florida 33109 DURABLE POWER OF ATTORNEY OF John Doe I. PRINCIPAL AND ATTORNEY-IN-FACT

More information

Power of Attorney for Property

Power of Attorney for Property State of Illinois Illinois Department on Aging Power of Attorney for Property Please NOTE: Power of Attorney for Property refers to the legal delegation of decision-making authority to an agent concerning

More information

GEORGIA S STATUTORY FINANCIAL POWER OF ATTORNEY

GEORGIA S STATUTORY FINANCIAL POWER OF ATTORNEY GEORGIA S STATUTORY FINANCIAL POWER OF ATTORNEY During the 1995 Georgia General Assembly, the Legislature voted to establish within the Official Code of Georgia Annotated, at 10-6-140, a statutory form

More information

UTAH 75-5 DURABLE POWER OF ATTORNEY FORM

UTAH 75-5 DURABLE POWER OF ATTORNEY FORM UTAH 75-5 DURABLE POWER OF ATTORNEY FORM I. NOTICE - This legal document grants you (Hereinafter referred to as the Principal ) the right to transfer unlimited financial powers to someone else (Hereinafter

More information

DURABLE POWER OF ATTORNEY. John Doe

DURABLE POWER OF ATTORNEY. John Doe This document was prepared by: John Doe 100 Main Street Atlanta, Georgia 33034 Return To: John Doe 100 Main Street Atlanta, Georgia 33034 DURABLE POWER OF ATTORNEY OF John Doe I. PRINCIPAL AND ATTORNEY-IN-FACT

More information

ESTATE PLANNING WORKBOOK

ESTATE PLANNING WORKBOOK Mortel Law, PLLC 7825 3 rd Street N, Suite 204 St. Paul, MN 55128 Tel 651.288.2843 Fax 651.731.5496 jmortel@mortellaw.com ESTATE PLANNING WORKBOOK This packet is provided as part of the Estate Planning

More information

CALIFORNIA GENERAL DURABLE POWER OF ATTORNEY THE POWERS YOU GRANT BELOW ARE EFFECTIVE ONLY IF YOU BECOME DISABLED OR INCOMPETENT

CALIFORNIA GENERAL DURABLE POWER OF ATTORNEY THE POWERS YOU GRANT BELOW ARE EFFECTIVE ONLY IF YOU BECOME DISABLED OR INCOMPETENT CALIFORNIA GENERAL DURABLE POWER OF ATTORNEY THE POWERS YOU GRANT BELOW ARE EFFECTIVE ONLY IF YOU BECOME DISABLED OR INCOMPETENT CAUTION: A DURABLE POWER OF ATTORNEY IS AN IMPORTANT LEGAL DOCUMENT. BY

More information

Article Estates and Trusts MARYLAND STATUTORY FORM PERSONAL FINANCIAL POWER OF ATTORNEY IMPORTANT INFORMATION AND WARNING

Article Estates and Trusts MARYLAND STATUTORY FORM PERSONAL FINANCIAL POWER OF ATTORNEY IMPORTANT INFORMATION AND WARNING [Previous][Next][Another Article] 17 202. Article Estates and Trusts MARYLAND STATUTORY FORM PERSONAL FINANCIAL POWER OF ATTORNEY IMPORTANT INFORMATION AND WARNING You should be very careful in deciding

More information

SAMPLE DURABLE POWER OF ATTORNEY. John Doe

SAMPLE DURABLE POWER OF ATTORNEY. John Doe This document was prepared by: John Doe 100 Main Street Austin, Texas 80201 Return To: John Doe 555 Simple Street Austin, Texas 80201 DURABLE POWER OF ATTORNEY OF John Doe NOTICE: THE POWERS GRANTED BY

More information

Durable Power of Attorney For Finances

Durable Power of Attorney For Finances Durable Power of Attorney For Finances Choosing Someone to Handle Your Property And Finances in Case of Disability Washtenaw County Probate Court Shared/Social/Resources/DPOA for Finances FOREWORD We all

More information

Provide for the future. Mount St. Mary s Estate Planning Kit

Provide for the future. Mount St. Mary s Estate Planning Kit Provide for the future. Mount St. Mary s Estate Planning Kit Estate Planning Kit Estate Planning has a lasting effect on you and your family. However, many people do not have a current plan and it can

More information

What is a Joint Tenancy? What is a Tenancy in Common? How is a Joint Tenancy Created, and What Property Can Be So Held?

What is a Joint Tenancy? What is a Tenancy in Common? How is a Joint Tenancy Created, and What Property Can Be So Held? joint tenancy What is a Joint Tenancy? Joint tenancy is a form of ownership by two or more individuals together. It differs from other types of co-ownership in that the surviving joint tenant immediately

More information

NC General Statutes - Chapter 28A Article 13 1

NC General Statutes - Chapter 28A Article 13 1 Article 13. Representative s Powers, Duties and Liabilities. 28A-13-1. Time of accrual of duties and powers. The duties and powers of a personal representative commence upon the personal representative's

More information

It is always best to consult an attorney when preparing a document such as this. GENERAL POWER OF ATTORNEY

It is always best to consult an attorney when preparing a document such as this. GENERAL POWER OF ATTORNEY It is always best to consult an attorney when preparing a document such as this. GENERAL POWER OF ATTORNEY I, of of Ohio, appoint of Ohio as my Attorney-in-Fact or if he cannot serve or continue to serve

More information

ESTATE PLANNING BOOKLET

ESTATE PLANNING BOOKLET ESTATE PLANNING BOOKLET (Information about Wills, Trusts, Estate Taxes, and more...) P P P SUSSMAN+PARKHURST ATTORNEYS AT LAW ROSS A. SUSSMAN (612) 465-0099 CAMERON M. PARKHURST (612) 465-0097 222 NORTH

More information

YOUR INSURED FUNDS. National Credit Union Administration Office of Consumer Protection

YOUR INSURED FUNDS. National Credit Union Administration Office of Consumer Protection YOUR INSURED FUNDS National Credit Union Administration Office of Consumer Protection The National Credit Union Administration (NCUA) operates the National Credit Union Share Insurance Fund (NCUSIF) to

More information

MARYLAND STATUTORY FORM LIMITED POWER OF ATTORNEY PLEASE READ CAREFULLY

MARYLAND STATUTORY FORM LIMITED POWER OF ATTORNEY PLEASE READ CAREFULLY MARYLAND STATUTORY FORM LIMITED POWER OF ATTORNEY PLEASE READ CAREFULLY This power of attorney authorizes another person (your agent) to make decisions concerning your property for you (the principal).

More information

DURABLE SPECIAL POWER OF ATTORNEY FOR ATTORNEY AT LAW REGARDING LAW PRACTICE PREPARED BY, ATTORNEY AT LAW STREET, CITY, STATE, ZIP CODE

DURABLE SPECIAL POWER OF ATTORNEY FOR ATTORNEY AT LAW REGARDING LAW PRACTICE PREPARED BY, ATTORNEY AT LAW STREET, CITY, STATE, ZIP CODE DURABLE SPECIAL POWER OF ATTORNEY FOR ATTORNEY AT LAW REGARDING LAW PRACTICE PREPARED BY, ATTORNEY AT LAW STREET, CITY, STATE, ZIP CODE KNOW ALL MEN BY THESE PRESENTS: That I,, a Georgia licensed attorney-at-law

More information

KURT D. PANOUSES, P.A. ATTORNEYS AND COUNSELORS AT LAW 310 Fifth Avenue Indialantic, FL 32903 (321) 729-9455 FAX: (321) 768-2655

KURT D. PANOUSES, P.A. ATTORNEYS AND COUNSELORS AT LAW 310 Fifth Avenue Indialantic, FL 32903 (321) 729-9455 FAX: (321) 768-2655 KURT D. PANOUSES, P.A. ATTORNEYS AND COUNSELORS AT LAW 310 Fifth Avenue Indialantic, FL 32903 (321) 729-9455 FAX: (321) 768-2655 Kurt D. Panouses is Board Certified by the Florida Bar as a Specialist in

More information

The Kreager Law Firm 7373 Broadway, Suite 500 San Antonio, Texas 78209 (210) 829-7722. Estate Planning Information

The Kreager Law Firm 7373 Broadway, Suite 500 San Antonio, Texas 78209 (210) 829-7722. Estate Planning Information Estate Planning Information Please complete this questionnaire and bring it with you for your initial consultation with us. Of course, this information will be kept in strictest confidence. A. Husband

More information

Estate Planning. And The Second To Die Program. www.infarmbureau.com

Estate Planning. And The Second To Die Program. www.infarmbureau.com Estate Planning And The Second To Die Program www.infarmbureau.com Estate Planning and the Second to Die Program from Indiana Farm Bureau Insurance A source of satisfaction for most married couples is

More information

Robert J. Ross 1622 W. Colonial Parkway, Suite 201 (847) 358-5757 Inverness, Illinois 60067 Fax (847) 358-7088 Bob@RobertJRoss.com

Robert J. Ross 1622 W. Colonial Parkway, Suite 201 (847) 358-5757 Inverness, Illinois 60067 Fax (847) 358-7088 Bob@RobertJRoss.com Law Offices of Robert J. Ross 1622 W. Colonial Parkway, Suite 201 (847) 358-5757 Inverness, Illinois 60067 Fax (847) 358-7088 Bob@RobertJRoss.com ESTATE PLANNING Estate planning is more than simply signing

More information

ALABAMA DURABLE POWER OF ATTORNEY FORM IMPORTANT INFORMATION

ALABAMA DURABLE POWER OF ATTORNEY FORM IMPORTANT INFORMATION ALABAMA DURABLE POWER OF ATTORNEY FORM IMPORTANT INFORMATION This power of attorney authorizes another person (your agent) to make decisions concerning your property for you (the principal). Your agent

More information

Wisconsin Probate. A Client's Guide to the Language and Procedure of Probate inn Wisconsin BAKKE NORMAN L A W O F F I C E S

Wisconsin Probate. A Client's Guide to the Language and Procedure of Probate inn Wisconsin BAKKE NORMAN L A W O F F I C E S Wisconsin Probate A Client's Guide to the Language and Procedure of Probate inn Wisconsin BAKKE NORMAN L A W O F F I C E S Welcome Thank you for considering Bakke Norman, S.C. to represent your interests.

More information

GENERAL POWER OF ATTORNEY! BEFORE ME, a Notary Public, duly qualified in and for the aforesaid State and

GENERAL POWER OF ATTORNEY! BEFORE ME, a Notary Public, duly qualified in and for the aforesaid State and STATE OF LOUISIANA GENERAL POWER OF ATTORNEY PARISH OF NATCHITOCHES BEFORE ME, a Notary Public, duly qualified in and for the aforesaid State and Parish, and in the presence of the undersigned competent

More information

Wills & Estate Planning Information requested and/or things to consider for the drafting of your Last Will & Testament

Wills & Estate Planning Information requested and/or things to consider for the drafting of your Last Will & Testament ESTATE PLANNING WORKSHEET Wills & Estate Planning Information requested and/or things to consider for the drafting of your Last Will & Testament LEGAL NAME Date of Conference ADDRESS ZIP CODE TOWNSHIP

More information

Will and Living Trust information Packet

Will and Living Trust information Packet Will and Living Trust information Packet University of the Nations Gift Planning Services 75-5851 Kuakini Hwy, #433 Kailua-Kona, Hawaii 96740-2199 Phone 808-326-4453 Dear Friend of YWAM Kona, Many people

More information

Estate. Settlement. In Utah

Estate. Settlement. In Utah Estate Settlement In Utah Marc A. Austin, P.C. All rights reserved. No portion of this booklet may be reproduced without written permission. Marc A. Austin, P.C. Attorney at Law 3521 North University Avenue

More information

DURABLE POWER OF ATTORNEY. John Doe NOTICE TO PERSON EXECUTING POWER OF ATTORNEY

DURABLE POWER OF ATTORNEY. John Doe NOTICE TO PERSON EXECUTING POWER OF ATTORNEY This document was prepared by: John Doe 100 Main Street Pittsburgh, Pennsylvania 15222 Return To: John Doe 100 Main Street Pittsburgh, Pennsylvania 15222 DURABLE POWER OF ATTORNEY OF John Doe NOTICE TO

More information

WISCONSIN BASIC POWER OF ATTORNEY FOR FINANCES AND PROPERTY SECTION 243.10

WISCONSIN BASIC POWER OF ATTORNEY FOR FINANCES AND PROPERTY SECTION 243.10 WISCONSIN BASIC POWER OF ATTORNEY FOR FINANCES AND PROPERTY SECTION 243.10 NOTICE: THIS IS AN IMPORTANT DOCUMENT. BEFORE SIGNING THIS DOCUMENT, YOU SHOULD KNOW THESE IMPORTANT FACTS. BY SIGNING THIS DOCUMENT,

More information

NEVADA STATUTORY POWER OF ATTORNEY NRS 162A.620

NEVADA STATUTORY POWER OF ATTORNEY NRS 162A.620 RECORDING REQUESTED BY: SPACE ABOVE THIS LINE FOR RECORDER'S USE NEVADA STATUTORY POWER OF ATTORNEY NRS 162A.620 THIS IS AN IMPORTANT LEGAL DOCUMENT. IT CREATES A DURABLE POWER OF ATTORNEY FOR FINANCIAL

More information

Florida Wills, Trusts & Probate Questions and Answers

Florida Wills, Trusts & Probate Questions and Answers STEVEN W. LEDBETTER ATTORNEY AT LAW LICENSED IN FLORIDA, OREGON, AND TEXAS 4140 WOODMERE PARK BLVD., STE. 4 TEL: (941) 256-3965 34293 WWW.SWLLAW.COM FAX: (941) 866-7514 Florida Wills, Trusts & Probate

More information

REVOCABLE LIVING TRUST

REVOCABLE LIVING TRUST CHERRY CREEK CORPORATE CENTER 4500 CHERRY CREEK DRIVE SOUTH, SUITE 600 DENVER, CO 80246-1500 303.322.8943 WWW.WADEASH.COM DISCLAIMER Material presented on the Wade Ash Woods Hill & Farley, P.C., website

More information

IRREVOCABLE LIVING TRUST

IRREVOCABLE LIVING TRUST Legal Note: The Documents here are provided for your information and that of your immediate family only. You are not permitted to copy any document provided to you. Each of these Documents provided are

More information

Living Trust Agreement

Living Trust Agreement Living Trust Agreement This Living Trust Agreement ("Agreement"), dated, between ("Grantor" or "Beneficiary") of and ("Trustee"). In consideration of the mutual covenants and promises set forth in this

More information

USAA Power of Attorney

USAA Power of Attorney USAA Power of Attorney Important Information. Please Read. General. This USAA POWER OF ATTORNEY is intended to be used by you, to permit another person to conduct most transactions on personal USAA accounts

More information

Estate Planning For Everyone

Estate Planning For Everyone Estate Planning For Everyone Boston College Shaw Society Boston College Alumni Association November 20, 2013 Michael J. Puzo, Esq. Hemenway & Barnes LLP 60 State Street Boston, Massachusetts 02109 617-557-9721

More information

Consumer Legal Guide. Your Guide to a Living Trust

Consumer Legal Guide. Your Guide to a Living Trust Consumer Legal Guide Your Guide to a Living Trust WHAT IS A LIVING TRUST? Most of us share the same objectives for our estate plan: 1) Provide for our spouse or dependent children; 2) distribute our property;

More information

INHERITANCE & ESTATE PLANNING

INHERITANCE & ESTATE PLANNING Chapter Seven INHERITANCE & ESTATE PLANNING Estate planning is the process of determining how the assets you own at the time of your death your estate will be distributed after your death. The distribution

More information

County of Ocean, New Jersey. Jeffrey W. Moran, Surrogate 118 Washington Street, P. O. Box 2191 Toms River, NJ 08754-2191 - Phone: 732-929-2011

County of Ocean, New Jersey. Jeffrey W. Moran, Surrogate 118 Washington Street, P. O. Box 2191 Toms River, NJ 08754-2191 - Phone: 732-929-2011 County of Ocean, New Jersey Jeffrey W. Moran, Surrogate 118 Washington Street, P. O. Box 2191 Toms River, NJ 08754-2191 - Phone: 732-929-2011 A PLANNING GUIDE TO THE PROBATE PROCESS The Probate Process

More information

LAW OFFICES OF BRADLEY J. FRIGON, LLC PROBATE INTAKE FORM PERSONAL INFORMATION

LAW OFFICES OF BRADLEY J. FRIGON, LLC PROBATE INTAKE FORM PERSONAL INFORMATION Member National Academy of Elder Law Attorneys Member Special Needs Trust Alliance ** Certified Elder Law Attorney by the National Elder Law Foundation www.specialneedsalliance.com LAW OFFICES OF BRADLEY

More information

AMERICAN JOURNAL OF FAMILY LAWYERS PRE & POST NUPTIAL AGREEMENTS GENERAL ESTATE PLANNING ISSUES

AMERICAN JOURNAL OF FAMILY LAWYERS PRE & POST NUPTIAL AGREEMENTS GENERAL ESTATE PLANNING ISSUES AMERICAN JOURNAL OF FAMILY LAWYERS PRE & POST NUPTIAL AGREEMENTS GENERAL ESTATE PLANNING ISSUES BETH S. COHN, ESQ. JABURG & WILK, P.C. 3200 N. Central Avenue, Suite 2000 Phoenix, Arizona 85012 Direct Dial

More information

Title 18-A: PROBATE CODE

Title 18-A: PROBATE CODE Title 18-A: PROBATE CODE Article 6: NONPROBATE TRANSFERS Table of Contents Part 1. MULTIPLE-PARTY ACCOUNTS... 3 Section 6-101. DEFINITIONS... 3 Section 6-102. OWNERSHIP AS BETWEEN PARTIES, AND OTHERS;

More information

HERMENZE & MARCANTONIO LLC ESTATE PLANNING PRIMER FOR MARRIED COUPLES 2015 (New York)

HERMENZE & MARCANTONIO LLC ESTATE PLANNING PRIMER FOR MARRIED COUPLES 2015 (New York) HERMENZE & MARCANTONIO LLC ESTATE PLANNING PRIMER FOR MARRIED COUPLES 2015 (New York) I. Purposes of Estate Planning. II. A. Providing for the distribution and management of your assets after your death.

More information

Estate Planning. Some common tools used to help meet those particular needs include:

Estate Planning. Some common tools used to help meet those particular needs include: Estate Planning The Importance of Having an Estate Plan Having an estate plan is one of the most important things you can do for your family. It's not just about planning for estate taxes; it's about developing

More information

I. Personal and Family Information... 2. II. Current Estate Plan Information... 5. III. Advanced Directives... 6. IV. Assets... 7. a. Real Estate...

I. Personal and Family Information... 2. II. Current Estate Plan Information... 5. III. Advanced Directives... 6. IV. Assets... 7. a. Real Estate... Evaluating Your Estate Plan: Ag Decision Maker Estate Planning Questionnaire File C4-57 Table of Contents * I. Personal and Family Information... 2 II. Current Estate Plan Information... 5 III. Advanced

More information

Property Ownership, real Property Transfers, and Taxes

Property Ownership, real Property Transfers, and Taxes Property Ownership, real Property Transfers, and Taxes In This Chapter Section -1 Section -2 Section -3 types of Property ownership transferring Property basic tax Matters Chapter Find definitions for

More information

IS A TRUST RIGHT FOR YOU?

IS A TRUST RIGHT FOR YOU? : IS A TRUST RIGHT FOR YOU? You take care of your family and work hard for the things you ve acquired. You take the necessary steps during life to ensure your family s security and well-being and to avoid

More information

Instructions for Completing Indiana Inheritance Tax Return

Instructions for Completing Indiana Inheritance Tax Return Instructions for Completing Indiana Return This form does not need to be completed for those individuals dying after Dec. 31, 2012. For those individuals dying before Jan. 1, 2013, this form may need to

More information

ESTATE PLANNING QUESTIONNAIRE

ESTATE PLANNING QUESTIONNAIRE ESTATE PLANNING QUESTIONNAIRE Please bring a piece of photo ID to the meeting, as the Law Society requires us to take a copy of photo identification of all of our clients. COMMUNICATION: How do you wish

More information

ESTATE PLANNING QUESTIONNAIRE Date:

ESTATE PLANNING QUESTIONNAIRE Date: I. Client Information ESTATE PLANNING QUESTIONNAIRE Date: : Yes No First Middle Last U.S. Citizen? How would you like your name to read on your estate planning documents? Other s Known By Date of Birth

More information

ESTATE PLANNING QUESTIONNAIRE

ESTATE PLANNING QUESTIONNAIRE DATE: _ ESTATE PLANNING QUESTIONNAIRE I. FAMILY AND OCCUPATIONAL DATA: Name: Date of Birth: Address: Citizenship: SS#: Telephone # Home: Work: Cell: Email: Occupation: Name of Employer: Business Address:

More information

Estate Planning Checklist

Estate Planning Checklist Estate Planning Checklist BASIC DOCUMENTS THAT SHOULD BE PART OF EVERY PLAN Last Will and Testament Living Will Durable Power of Attorney For Healthcare Durable Power of Attorney For Finances and Property

More information

ESTATE PLANNING OUTLINE

ESTATE PLANNING OUTLINE ESTATE PLANNING OUTLINE By LEONARD S. ROTH Attorney and Counselor at Law The Law Offices of Leonard S. Roth, P.C. 4265 San Felipe, Fifth Floor Houston, Texas 77027 (713) 622-4222 Board Certified in Tax

More information

Estate Planning. Farm Credit East, ACA Stephen Makarevich

Estate Planning. Farm Credit East, ACA Stephen Makarevich Estate Planning Farm Credit East, ACA Stephen Makarevich Farm Business Consultant 9 County Road 618 Lebanon, NJ 08833 1.800.787.3276 stephen.makarevich@farmcrediteast.com 1 What is Estate Planning? 2 Estate

More information

A. PRACTICAL PROCEDURES FOR OPENING ESTATE ACCOUNTS

A. PRACTICAL PROCEDURES FOR OPENING ESTATE ACCOUNTS CONSIDERATIONS FOR COLLECTING THE ASSETS, PREPARING THE INVENTORY AND HANDLING CLAIMS AGAINST THE ESTATE Jill M. Scherff Dinsmore & Shohl LLP 255 E. Fifth Street, Suite 1900 Cincinnati, OH 45202 (513)

More information

PERSONAL ESTATE PLANNING WORKSHEET PERSONAL AND FAMILY INFORMATION. Name. Address. City State Zip. Phone. Email

PERSONAL ESTATE PLANNING WORKSHEET PERSONAL AND FAMILY INFORMATION. Name. Address. City State Zip. Phone. Email PERSONAL ESTATE PLANNING WORKSHEET Name Address City State Zip Phone Email PERSONAL AND FAMILY INFORMATION Date of Birth Social Security Number Marital Status: q Single q Married q Domestic Partners /

More information

ESTATE PLANNING QUESTIONNAIRE

ESTATE PLANNING QUESTIONNAIRE THE LAW OFFICES OF MICHAEL L. HANKS J.D., M.S. TAXATION 11211 GOLD COUNTRY BLVD. #107 PHONE (916)635-0302 GOLD RIVER, CA 95670 FAX (916)635-4113 Toll Free: 1-888-225-5259 E-mail: michael@hankslaw.com http://www.hankslaw.com

More information

What is Estate Planning?

What is Estate Planning? What is Estate Planning? Estate planning is one of the most important steps any person can take to make sure that their final property and health care wishes are honored, and that loved ones are provided

More information

Instructions for Completion and Use of the Maryland Limited Power of Attorney Form.

Instructions for Completion and Use of the Maryland Limited Power of Attorney Form. Instructions for Completion and Use of the Maryland Limited Power of Attorney Form. Federal Title & Escrow Company discourages the use of a Power of Attorney. However, in those instances when an individual

More information

UNDERSTANDING PROBATE. The Family Guide PREPARED BY ROBERT L. FERRIS

UNDERSTANDING PROBATE. The Family Guide PREPARED BY ROBERT L. FERRIS UNDERSTANDING PROBATE The Family Guide PREPARED BY ROBERT L. FERRIS I FIRST STEPS: WHAT TO DO 1. Obtain certified copies of the Death Certificate. When a person dies in California, an official Death Certificate

More information

ESTATE PLANNING WORKSHEET

ESTATE PLANNING WORKSHEET ESTATE PLANNING WORKSHEET Please complete the following worksheet and mail it to my office prior to our initial meeting, or e-mail it, or bring it with you. At the end of the worksheet is a list of documents

More information

Terms & Conditions of Janney Montgomery Scott LLC Transfer on Death ( TOD ) Account Registration

Terms & Conditions of Janney Montgomery Scott LLC Transfer on Death ( TOD ) Account Registration Terms & Conditions of Janney Montgomery Scott LLC Transfer on Death ( TOD ) Account Registration Instructions: Carefully read the Terms & Conditions below and complete all applicable sections of the attached

More information

LLC Operating Agreement With Corporate Structure (Delaware)

LLC Operating Agreement With Corporate Structure (Delaware) LLC Operating Agreement With Corporate Structure (Delaware) Document 1080B www.leaplaw.com Access to this document and the LeapLaw web site is provided with the understanding that neither LeapLaw Inc.

More information

The Basics of Estate Planning

The Basics of Estate Planning The Basics of Estate Planning A White Paper by Manning & Napier www.manning-napier.com Unless otherwise noted, all fi gures are based in USD. 1 The Basics of Estate Planning A White Paper by Manning &

More information

STATE OF COLORADO STATUTORY FORM POWER OF ATTORNEY IMPORTANT INFORMATION

STATE OF COLORADO STATUTORY FORM POWER OF ATTORNEY IMPORTANT INFORMATION On April 9, 2009, Colorado enacted the Uniform Power of Attorney Act, C.R.S. 15-14-701, et seq., effective January 1, 2010. The Act significantly changes the laws concerning the use of powers of attorney

More information

Form CT-706 NT Instructions Connecticut Estate Tax Return (for Nontaxable Estates)

Form CT-706 NT Instructions Connecticut Estate Tax Return (for Nontaxable Estates) (Rev. 06/11) Form CT-706 NT Instructions Connecticut Estate Tax Return (for Nontaxable Estates) General Information For decedents dying on or after January 1, 2011, the Connecticut estate tax exemption

More information

ESTATE PLANNING WORKSHEET Single Individuals

ESTATE PLANNING WORKSHEET Single Individuals ESTATE PLANNING WORKSHEET Single Individuals Information provided is held in complete confidence, and is used for the sole purpose of analyzing estate planning needs and designing estate planning documents.

More information

An estate plan must be done correctly by a team that has your best interest in mind.

An estate plan must be done correctly by a team that has your best interest in mind. Estate planning is about easing the burden of your death on your family and ensuring the future of your wealth is determined by you. Your family s future may depend on it. Authors: Alan Beugg, Brian Sullivan,

More information

ALABAMA POWER OF ATTORNEY FORM (in accordance to Alabama Code Section 26-1A-301)

ALABAMA POWER OF ATTORNEY FORM (in accordance to Alabama Code Section 26-1A-301) ALABAMA POWER OF ATTORNEY FORM (in accordance to Alabama Code Section 26-1A-301) IMPORTANT INFORMATION This power of attorney authorizes another person (your agent) to make decisions concerning your property

More information

Living Trust Overview

Living Trust Overview Living Trust Overview TABLE OF CONTENTS WHAT IS PROBATE AND WHY DO YOU WANT TO AVOID IT? 2 THE HIGH COST OF DYING 2 A REVOCABLE LIVING TRUST ELIMINATES PROBATE 3 HOW A LIVING TRUST WORKS 3 REVOCABLE LIVING

More information

BUY-SELL AGREEMENT. AGREEMENT, made this _(1)_ day of (2), 19_(3)_, by and between. (4), (5), (6), hereinafter separately referred to as

BUY-SELL AGREEMENT. AGREEMENT, made this _(1)_ day of (2), 19_(3)_, by and between. (4), (5), (6), hereinafter separately referred to as BUY-SELL AGREEMENT The sample buy-sell agreement below is for information purposes only. Neither MEG Financial, Inc. nor any of its representatives offers legal or tax advice. Please consult your tax and

More information

TAX, RETIREMENT & ESTATE PLANNING SERVICES. Your Will Planning Workbook

TAX, RETIREMENT & ESTATE PLANNING SERVICES. Your Will Planning Workbook TAX, RETIREMENT & ESTATE PLANNING SERVICES Your Will Planning Workbook Preparing your Will Glossary of terms... 1 Introduction... 2 Your estate... 2 Beneficiaries of your estate Your spouse... 3 Your children...

More information

LIFE INSURANCE TRUST AGREEMENT

LIFE INSURANCE TRUST AGREEMENT LIFE INSURANCE TRUST AGREEMENT This Trust Agreement is made and entered into this June 12th 2005, by and between Harry Miller, (hereinafter referred to as "Grantor"), and Peter Stuart (hereinafter referred

More information

PEPCO HOLDINGS, INC. EXECUTIVE PERFORMANCE SUPPLEMENTAL RETIREMENT PLAN

PEPCO HOLDINGS, INC. EXECUTIVE PERFORMANCE SUPPLEMENTAL RETIREMENT PLAN PEPCO HOLDINGS, INC. EXECUTIVE PERFORMANCE SUPPLEMENTAL RETIREMENT PLAN The Potomac Electric Power Company Executive Performance Supplemental Retirement Plan (the "Pepco plan") was established, effective

More information

LIVING TRUSTS AND AVOIDING PROBATE

LIVING TRUSTS AND AVOIDING PROBATE SIUC Legal Clinic 104 Lesar Law Building Southern Illinois University at Carbondale Carbondale, Illinois 62901-6821 618-536-4423 618-536-7723 (FAX) 618-453-8727 LIVING TRUSTS AND AVOIDING PROBATE INTRODUCTION

More information

Administrator. Any person to whom letters of administration have been issued to administer an intestate estate.

Administrator. Any person to whom letters of administration have been issued to administer an intestate estate. An Estate Planning Glossary The estate planning process is a complex one. During the course of your research into the firm to choose to handle your needs in administering your assets you will hear numerous

More information

The person to whom you give this power is known as your "attorney-in-fact" or "agent." You are known as the "principal."

The person to whom you give this power is known as your attorney-in-fact or agent. You are known as the principal. Durable Power of Attorney for Finances Question & Answers State Bar of Michigan What is a power of attorney? You may, by written document, voluntarily choose another person to handle some or all your property

More information

Law Office Of Angela Harvey. ESTATE PLANNING WORKSHEET Revocable Living Trust (CHECK ONE)

Law Office Of Angela Harvey. ESTATE PLANNING WORKSHEET Revocable Living Trust (CHECK ONE) Law Office Of Angela Harvey Today s Date: WILL ESTATE PLANNING WORKSHEET Revocable Living Trust (CHECK ONE) SECTION A. - GENERAL INFORMATION Your (Date of Birth) (Social Security Number) 1. Name: D.O.B.:

More information

Family Protection Worksheet

Family Protection Worksheet Family Protection Worksheet The information requested on this worksheet helps me understand your situation and wishes for the future. Your time investment in this worksheet ensures that your goals are

More information

MORELLA & ASSOCIATES A Professional Corporation 706 Rochester Road Pittsburgh, PA 15237 (412) 369-9696 Fax (412) 369-9990 http://www.morellalaw.

MORELLA & ASSOCIATES A Professional Corporation 706 Rochester Road Pittsburgh, PA 15237 (412) 369-9696 Fax (412) 369-9990 http://www.morellalaw. MORELLA & ASSOCIATES A Professional Corporation 706 Rochester Road Pittsburgh, PA 15237 (412) 369-9696 Fax (412) 369-9990 http://www.morellalaw.com ESTATE PLANNING What is Estate Planning? Estate Planning

More information

INFORMATION FOR MY EXECUTOR. The information in this booklet will be helpful in settling my estate.

INFORMATION FOR MY EXECUTOR. The information in this booklet will be helpful in settling my estate. INFORMATION FOR MY EXECUTOR The information in this booklet will be helpful in settling my estate. Cowan & Kelly 402 Middletown Blvd. Suite 202 Langhorne, PA 19047 215-741-1100 FAX 215-741-4029 My Full

More information

Community Legal Information Association of PEI. Wills. 902-892-0853 or 1-800-240-9798 www.cliapei.ca clia@cliapei.ca

Community Legal Information Association of PEI. Wills. 902-892-0853 or 1-800-240-9798 www.cliapei.ca clia@cliapei.ca Community Legal Information Association of PEI Wills 902-892-0853 or 1-800-240-9798 www.cliapei.ca clia@cliapei.ca This booklet is part of a series called Putting Your Affairs in Order At Any Age. Publications

More information

Your agent is entitled to reasonable compensation unless you state otherwise in the special instructions.

Your agent is entitled to reasonable compensation unless you state otherwise in the special instructions. STATE OF COLORADO STATUTORY FORM POWER OF ATTORNEY (effective January 1, 2010) IMPORTANT INFORMATION This power of attorney authorizes another person (your agent) to make decisions concerning your property

More information

WILLS, POWERS OF ATTORNEY, AND HEALTH CARE DIRECTIVES

WILLS, POWERS OF ATTORNEY, AND HEALTH CARE DIRECTIVES WILLS, POWERS OF ATTORNEY, AND HEALTH CARE DIRECTIVES Glossary Administrator Alternate Bequest Capable Codicil Consent Devise Estate Executor A person appointed by the courts to distribute the property

More information

Estate Planning Toolkit

Estate Planning Toolkit Estate Planning Toolkit Rebecca E.P. Wade Meyer Capel, A Professional Corporation 306 West Church Street Champaign, Illinois 61820 phone: 217-352-1800 fax: 217-352-1083 rwade@meyercapel.com Thank you for

More information

Estate Planning. Chapter. In This Chapter. Survivorship Interests Payment on Death Accounts. Life Insurance

Estate Planning. Chapter. In This Chapter. Survivorship Interests Payment on Death Accounts. Life Insurance Estate Planning Your estate includes the assets and liabilities you will leave after you pass away. It is important to plan for how you want to pass your estate, including what you want to give away and

More information

ILLINOIS STATUTORY SHORT FORM POWER OF ATTORNEY FOR PROPERTY

ILLINOIS STATUTORY SHORT FORM POWER OF ATTORNEY FOR PROPERTY ILLINOIS STATUTORY SHORT FORM POWER OF ATTORNEY FOR PROPERTY (NOTICE: THE PURPOSE OF THIS POWER OF ATTORNEY IS TO GIVE THE PERSON YOU DESIGNATE (YOUR "AGENT") BROAD POWERS TO HANDLE YOUR PROPERTY, WHICH

More information

IOWA STATUTORY POWER OF ATTORNEY

IOWA STATUTORY POWER OF ATTORNEY THE IOWA STATE BAR ASSOCIATION Official Form No. 120 FOR THE LEGAL EFFECT OF THE USE OF THIS FORM, CONSULT YOUR LAWYER IOWA STATUTORY POWER OF ATTORNEY 1. POWER OF ATTORNEY This power of attorney authorizes

More information

AGREEMENT FOR ATTORNEY AT LAW REGARDING LAW PRACTICE (PREPARED BY JOHN DOE, ATTORNEY AT LAW, 345 BARRISTER LANE, RICHMOND, VIRGINIA 23228)

AGREEMENT FOR ATTORNEY AT LAW REGARDING LAW PRACTICE (PREPARED BY JOHN DOE, ATTORNEY AT LAW, 345 BARRISTER LANE, RICHMOND, VIRGINIA 23228) [NOTE TO USER:THIS AGREEMENT SHOULD BE USED IN CONJUNCTION WITH A LAST WILL AND TESTAMENT WHICH CONTAINS APPROPRIATE INCORPORATION BY REFERENCE LANGUAGE. SEE EXAMPLE IN ATTORNEY RESOURCES SECTION AT WWW.VSB.ORG/SLC]

More information

Organizing Your Assets: Estate Planning

Organizing Your Assets: Estate Planning Estate Planning Chapter 8 Organizing Your Assets: Estate Planning In This Chapter, Learn: Whether You Should Have a Will or Trust What Happens if You Don t Have a Will Whether You Need an Attorney to Create

More information

STATUTORY SHORT FORM POWER OF ATTORNEY FOR PROPERTY. Includes Amendments Required By Public Act 96-1195 Form Valid July 1, 2011

STATUTORY SHORT FORM POWER OF ATTORNEY FOR PROPERTY. Includes Amendments Required By Public Act 96-1195 Form Valid July 1, 2011 STATUTORY SHORT FORM POWER OF ATTORNEY FOR PROPERTY Includes Amendments Required By Public Act 96-1195 Form Valid July 1, 2011 NOTICE TO THE INDIVIDUAL SIGNING THE ILLINOIS STATUTORY SHORT FORM POWER OF

More information

TOP 20 TITLE ISSUES In no particular order, here are brief summaries of the top 20 title issues that can arise in a real estate transaction: 1. Trusts 2. Power of Attorney 3. Death 4. Divorce 5. Foreclosure

More information

Preparing a Federal Estate Tax Return Form 706, By Yahne Miorini, LL.M.

Preparing a Federal Estate Tax Return Form 706, By Yahne Miorini, LL.M. You must attach to the return a certified copy There are 5 parts in the Form 706, 9 schedules to determine the gross estate, and 7 schedules for deductions. It is a good practice to include all of the

More information

SWIFT DATOO & COMPANY LAW CORPORATION

SWIFT DATOO & COMPANY LAW CORPORATION SWIFT DATOO & COMPANY LAW CORPORATION Suite 201-467 Cumberland Road Courtenay, British Columbia V9N 2C5 Phone: (250) 334-4461 Fax: (250) 334-2335 The information requested in this questionnaire is required

More information

Basics of Estate Planning

Basics of Estate Planning Basics of Estate Planning THE CORNERSTONE OF ANY ESTATE PLAN ARE THE DOCUMENTS THAT SET FORTH YOUR WISHES FOR THE DISPOSITION AND OVERSIGHT OF YOUR ASSETS AT YOUR DEATH. IN ADDITION TO PROVIDING GUIDELINES

More information

Minnesota Laws -Wills

Minnesota Laws -Wills Minnesota Laws -Wills A will is the most common document used to specify how an estate should be handled after death. Anyone designated to receive property under a will (or trust) is called a beneficiary.

More information