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Estate Plan Express Smart Tip - Estate Tax Apportionment for Specific Bequests |
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When a client wants to make a specific bequest in his Will or Trust, does your form easily allow you to specify whether that specific bequest should be subject to estate tax? Do you remember to ask your client who should pay the estate tax on the specific bequest - the recipient of the bequest or the residuary takers?
With Estate Plan Express, you will be reminded to indicate whether each specific bequest is subject to estate tax. With the click of a button, you can make the appropriate selection for each specific bequest, and you haven't forgotten to address this important issue. |
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Estate Plan Express Smart Tip - Co-Guardians and Other Co-Fiduciaries |
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When a client wants to name co-guardians in his Will, does your form easily allow you to specify whether either or both of the co-guardians can serve alone? Often, our client wants to name a family member and the family member's spouse as co-guardians. What if one of those people dies or they get divorced? When we ask our client that question, sometimes the client wants them to serve as co-guardians only if they are acting together, sometimes the client says one can serve alone and the other can't, and sometimes the client says neither can serve alone. Each of these answers takes some special drafting.
With Estate Plan Express, you will be reminded to specify which co-guardians can serve alone, and with the click of a button, you can easily customize your client's co-guardians selection. The same is true for co-executors and co-trustees - just the click of a button and your document is automatically customized. |
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Estate Plan Express Smart Tip - POA Gifting: |
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Unless your power of attorney form specifically states that the attorney-in-fact ("AIF") has gifting powers, Ohio law prohibits the AIF from making gifts. Gifting powers can be written in many different ways -- e.g., to include gifts to the AIF, to exclude gifts to the AIF, to limit gifts to the greater of $5,000 or 5% of the estate, or to limit gifts to only those made with another person's consent.
With Estate Plan Express, you'll never forget to include gifting powers in a power of attorney. With the click of a button, you pick the gifting power you want, and voilà -- you've automatically customized your client's document.
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