|
|
Waiving Bond for Administrators with Will Annexed |
 |
 |
How many times have you heard an Administrator complain about having to pay a bond? We try to avoid bonds by writing Wills that waive bond for the executors named. But what if the executors named are unavailable?
At Estate Plan Express, we recently updated our Will form by adding a sentence that waives bond for an Administrator with Will Annexed. While you might not run into this situation often, it will save your client money if the situation occurs. As practicing Ohio lawyers, we constantly work to keep our forms in top shape. |
|
|
Keeping Your Forms Updated |
|
|
-
Have you updated your Living Will and Health Care Power of Attorney forms to reflect the changes made in September 2009? Did you even know the forms had changed?
With Estate Plan Express, we’ll help you keep your forms up-to-date. Wouldn’t you like one less thing to worry about? |
|
His, Hers and Theirs (Estate Planning for Blended Families) |
|
|
|
These days, many estate planning clients have blended families that include his children, her children, and their children. Sometimes, clients desire to include all of the children in their estate plan, even though some came from a prior marriage. Other times, clients want to specifically exclude some or all of the step-children from their plan.
When crafting estate plans for clients with blended families, do you end up re-drafting your forms? Estate Plan Express provides an answer page for each child, and you simply (i) check the box identifying the child’s parent (his/hers/both) and then (ii) indicate whether or not you want to include that child in the step-parent’s plan. Once you make these choices, Estate Plan Express automatically generates customized estate planning documents that reflect your clients’ objectives. |
|
Estate Plan Express Smart Tip - Complying With Ohio's New Recording Requirements |
|
|
|
Have you updated your forms to comply with Ohio’s new recording requirements? If not, the next document you send to the Recorder’s Office will cost you an extra fee. Worse, it may be rejected entirely by the Recorder. With Estate Plan Express, we will help you keep your forms updated so you will have fewer sleepless nights. |
|
Estate Plan Express Smart Tip - A Parent's Death Need Not Kill His Child's College Dreams |
|
|
|
When the ages of your client's children are widely spaced, does your Revocable Trust form give you the option of creating a temporary "pot trust" upon the client's death? A pot trust is used to hold the trust assets as one fund until the youngest beneficiary reaches a particular age. While the pot trust is in effect, the trustee can distribute trust assets among the beneficiaries as needed, without any requirement to make equal distributions. For example, the trustee could make distributions to pay college expenses for the youngest beneficiary, while making little or no distributions to the older beneficiaries. Once the youngest child/beneficiary reaches the prescribed age, the funds in the pot trust are divided equally among all the beneficiaries. When interviewing your clients, do you remember to discuss the pot trust option with them?
With Estate Plan Express, you can quickly and easily incorporate a pot trust into your client's Revocable Trust. Just click "yes" at the pot trust question, and insert the desired age. Then the pertinent language automatically appears in the Trust document. |
|
Estate Plan Express Smart Tip - Exercising Powers of Appointment |
|
|
|
When a client wants to exercise a power of appointment, does your Will form allow you to easily incorporate the necessary language? When interviewing clients, do you remember to ask them whether they hold any powers of appointment that they need to exercise?
With Estate Plan Express, you will be prompted to indicate whether any powers of appointment will be exercised, and you can quickly make the easy selections to incorporate appropriate language. |
|
|
|
|
<< Start < Prev 1 2 Next > End >>
|
