Estate Planning Worksheet Married Have a Look at Our Estate Planning Worksheet Estate Planning Worksheet Married Step 1 of 15 6% Part I Personal Information Client’s Full Legal Name (name most often used to title property and accounts) Also Known As (other names used to title property and accounts) Prefer to be called Birth Date MM slash DD slash YYYY SS# US Citizen ? Home Address City State Zip Home TelephoneCounty of Residence Business TelephoneEmployer Position Business Address City State Zip E-mail Address It is okay to communicate with me via my E-mail address. Date of Marriage MM slash DD slash YYYY Client's Spouse or Second Grantor’s Legal Name (name most often used to title property and accounts)Also Known As (other names used to title property and accounts)Prefer to be called Date of Marriage MM slash DD slash YYYY SS# US Citizen ? Home Address City State Zip Home TelephoneCounty of Residence Business TelephoneCounty of Residence Position Business Address City State Zip E-mail Address It is okay to communicate with me via my E-mail address. Children and Other Family Members (Use full legal name. Use “JT” if both spouses are the parents, “1” if client or first listed grantor is the parent, “2” if spouse or second listed grantor is the parent, “S” if a single parent.) Name Birth Date MM slash DD slash YYYY Parent or Relationship Comments :Name Birth Date MM slash DD slash YYYY Parent or Relationship Comments :Name Birth Date MM slash DD slash YYYY Parent or Relationship Comments :Name Birth Date MM slash DD slash YYYY Parent or Relationship Comments :Name Birth Date MM slash DD slash YYYY Parent or Relationship Comments :Name Birth Date MM slash DD slash YYYY Parent or Relationship Comments : Advisors Name TelephonePersonal Attorney TelephoneAccountant TelephoneFinancial Advisor TelephoneLife Insurance Agent Telephone Your Concerns Please rate the following as to how important they are to you: (H high concern, S some concerned, L low concern, N/A no concern or not applicable) Description Level of Concern Desire to get affairs in order and create a comprehensive plan to manage affairs in case of death or disability.Client Spouse Providing for and protecting a spouse.Client Spouse Providing for and protecting children.Client Spouse Providing for and protecting grandchildren.Client Spouse Disinheriting a family member.Client Spouse Providing for charities at the time of death.Client Spouse Plan for the transfer and survival of a family business.Client Spouse Avoiding or reducing your estate taxes.Client Spouse Avoiding probate.Client Spouse Reduce administration costs at time of your death.Client Spouse Avoiding a conservatorship (“living probate”) in case of a disability.Client Spouse Avoiding will contests or other disputes upon death.Client Spouse Protecting assets from lawsuits or creditors.Client Spouse Preserving the privacy of affairs in case of disability or at time of death from business competitors, predators, dishonest persons and curiosity seekers.Client Spouse Plan for a child with disabilities or special needs, such as medical or learning disabilities.Client Spouse Protecting children’s inheritance from the possibility of failed marriages.Client Spouse Protect children’s inheritance in the event of a surviving spouse’s remarriage.Client Spouse Provide that your death shall not be unnecessarily prolonged by artificial means or measures.Client Spouse Other Concerns (Please list below): Important Family Questions (Please check “Yes” or “No” for your answer)Are you (or your spouse) receiving Social Security, disability, or other governmental benefits? Describe Yes No Are you (or your spouse) making payments pursuant to a divorce or property settlement order? Please furnish a copy Yes No If married, have you and your spouse signed a pre- or post-marriage contract? Please furnish a copy Yes No Have you (or your spouse) been widowed? If a federal estate tax return or a state death tax return was filed, please furnish a copy Yes No Have you (or your spouse) ever filed federal or state gift tax returns? Please furnish copies of these returns Yes No Have you (or your spouse) completed previous will, trust, or estate planning? Please furnish copies of these documents Yes No Do you support any charitable organizations now that you wish to make provisions for at the time of your death? If so, please explain below. Yes No Are there any other charitable organizations you wish to make provisions for at the time of your death? If so, please explain below. Yes No If married, have you lived in any of the following states while married to each other? Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, or Wisconsin Yes No Are you (or your spouse) currently the beneficiary of anyone else’s trust? If so, please explain below. Yes No Do any of your children have special educational, medical, or physical needs? Yes No Do any of your children receive governmental support or benefits? Yes No Do you provide primary or other major financial support to adult children or others ? Yes No Additional Information Part II Property Information Instructions for Completing the Property Information checklist : General Headings This Property Information checklist helps you list all the property you own and what it is worth. If you do not own property under a particular heading, just leave that section blank. Under certain headings, you may own more property than can be listed on this checklist. If so, attach extra sheets of paper to list your additional property. Type Immediately after the heading for each kind of property is a brief explanation of what property you should list under that heading. “Owner” of Property How you own your property is extremely important for purposes of properly designing and implementing your estate plan. For each property, please indicate how the property is titled. When doing so, please use the following abbreviations: Owner of Property Use If married, Client’s name alone, with no other person C If married, Spouse’s name alone, with no other person S If married, Joint Tenancy with spouse JTS Joint Tenancy with someone other than a spouse, i.e. a child, parent, etc. JTO If you cannot determine how the property is owned ? Real Property TYPE: Any interest in real estate including your family residence, vacation home, time share, vacant land, etc.General Description and/or AddressOwner Market ValueLoan BalanceGeneral Description and/or AddressOwner Market ValueLoan BalanceGeneral Description and/or AddressOwner Market ValueLoan Balance TotalTotal Market ValueTotal Loan Balance Bank Accounts TYPE: Checking Account “CA”, Savings Account “SA”, Certificates of Deposit “CD”, Money Market “MM” (indicate type below). Do not include IRAs or 401(k)s hereName of Institution and account number Type Owner AmountName of Institution and account number Type Owner AmountName of Institution and account number Type Owner AmountName of Institution and account number Type Owner AmountName of Institution and account number Type Owner AmountName of Institution and account number Type Owner Amount Total Total Amount Note: If Account is in your name (or your spouse’s name) for the benefit of a minor, please specify and give minor’s name. Stocks, Bonds, Mutual Funds TYPE : List any and all stocks and bonds you own. If held in a brokerage account, lump them together under each account. (indicate type below) Note: If Account is in your name (or your spouse’s name) for the benefit of a minor, please specify and give minor’s name.Stocks, Bonds or Investment Accounts Type Acct. NumberOwner AmountStocks, Bonds or Investment Accounts Type Acct. NumberOwner AmountStocks, Bonds or Investment Accounts Type Acct. NumberOwner AmountStocks, Bonds or Investment Accounts Type Acct. NumberOwner AmountStocks, Bonds or Investment Accounts Type Acct. NumberOwner AmountStocks, Bonds or Investment Accounts Type Acct. NumberOwner AmountStocks, Bonds or Investment Accounts Type Acct. NumberOwner Amount TotalTotal Amount Business InterestsTYPE: General and Limited Partnerships, Sole Proprietorships, privately-owned corporations, professional corporations, oil interests, farm, and ranch interests.ADDITIONAL INFORMATION: Give a description of the interests, who has the interest, your ownership in the interests, and the estimated value of the interests.Total Life Insurance Policies and AnnuitiesTYPE: Term, whole life, split dollar, group life, annuity.ADDITIONAL INFORMATION: Insurance company, type, face amount (death benefit), whose life is insured, who owns the policy, the current beneficiaries, who pays the premium, and who is the life insurance agent.TotalRetirement PlansTYPE: Pension (P), Profit Sharing (PS), H.R. 10, IRA, SEP, 401(K).ADDITIONAL INFORMATION: Describe the type of plan, the plan name, the current value of the plan, and any other pertinent information.Total Automobiles, Boats, and RVsTYPE: For each motor vehicle, boat, RV, etc. please list the following: description, how titled, market value and encumbrance:Money Owed to YouTYPE: Mortgages or promissory notes payable to you, or other moneys owed to you.Name of Debtor Date Of Note MM slash DD slash YYYY Maturity Date MM slash DD slash YYYY Owed To Current BalanceName of Debtor Date Of Note MM slash DD slash YYYY Maturity Date MM slash DD slash YYYY Owed To Current BalanceName of Debtor Date Of Note MM slash DD slash YYYY Maturity Date MM slash DD slash YYYY Owed To Current BalanceName of Debtor Date Of Note MM slash DD slash YYYY Maturity Date MM slash DD slash YYYY Owed To Current BalanceTotalTotal Current BalanceAnticipated Inheritance, Gift, or Lawsuit JudgmentTYPE: Gifts or inheritances that you expect to receive at some time in the future; or moneys that you anticipate receiving through a judgment in a lawsuit. Describe in appropriate detail.DescriptionTotal estimated valueFarm Equipment/CattleDescription Owner Market ValueDescription Owner Market ValueDescription Owner Market ValueDescription Owner Market ValueDescription Owner Market ValueDescription Owner Market ValueDescription Owner Market ValueDescription Owner Market ValueTotalTotal Market Value Other Assets, Furniture and Personal Effects TYPE: List separately only major personal effects such as jewelry, collections, antiques, furs, and all other valuable non-business personal property (indicate type below and give a lump sum value for miscellaneous, less valuable items.).Type or Description Owner Market ValueType or Description Owner Market ValueType or Description Owner Market ValueType or Description Owner Market ValueType or Description Owner Market ValueType or Description Owner Market ValueType or Description Owner Market ValueType or Description Owner Market ValueType or Description Owner Market ValueType or Description Owner Market ValueType or Description Owner Market ValueType or Description Owner Market ValueTotalTotal Market Value Summary of ValuesAssetsReal PropertyClient Amount*Spouse Amount*Total ValueAmount*Furniture and Personal EffectsClient Amount*Spouse Amount*Total ValueAmount*Automobiles, Boats and RV’sClient Amount*Spouse Amount*Total ValueAmount*Bank and Savings AccountsClient Amount*Spouse Amount*Total ValueAmount*Stocks and BondsClient Amount*Spouse Amount*Total ValueAmount*Life Insurance and AnnuitiesClient Amount*Spouse Amount*Total ValueAmount*Retirement PlansClient Amount*Spouse Amount*Total ValueAmount*Business InterestsClient Amount*Spouse Amount*Total ValueAmount*Money owed to youClient Amount*Spouse Amount*Total ValueAmount*Anticipated Inheritance, Etc.Client Amount*Spouse Amount*Total ValueAmount*Other AssetsClient Amount*Spouse Amount*Total ValueAmount*Total Assets:Client Amount*Spouse Amount*Total ValueAmount**Joint Property values enter 1/2 in client’s column and 1/2 in spouse’s column. Part III Design InformationPERSONS TO ACT FOR YOU:GUARDIAN FOR MINOR CHILDREN: If you have any children under the age of 18, list in order of preference who you wish to be guardian.Name and Address Name Address City State / Province / Region ZIP / Postal Code Relationship Name and Address Name Address City State / Province / Region ZIP / Postal Code Relationship INITIAL TRUSTEE(S): Usually the Maker will be the Trustee of his or her own trust. Often, both spouses, jointly. Allows you to continue to jointly control your assets as before.Name and Address Name Address City State / Province / Region ZIP / Postal Code Relationship Name and Address Name Address City State / Province / Region ZIP / Postal Code Relationship DISABILITY TRUSTEE: If you were unable to make decisions for yourself, who would you want to make decisions for you with regard to your property and assets?Name and Address Name Address City State / Province / Region ZIP / Postal Code Relationship Name and Address Name Address City State / Province / Region ZIP / Postal Code Relationship Name and Address Name Address City State / Province / Region ZIP / Postal Code Relationship FOR SPOUSEName and Address Name Address City State / Province / Region ZIP / Postal Code Relationship Name and Address Name Address City State / Province / Region ZIP / Postal Code Relationship Name and Address Name Address City State / Province / Region ZIP / Postal Code Relationship DEATH TRUSTEE: After your death, who do you want carrying out your instructions, for distribution to and, if desired, management of property for your beneficiaries?Name and Address Name Address City State / Province / Region ZIP / Postal Code Relationship Name and Address Name Address City State / Province / Region ZIP / Postal Code Relationship Name and Address Name Address City State / Province / Region ZIP / Postal Code Relationship Name and Address Name Address City State / Province / Region ZIP / Postal Code Relationship FOR SPOUSEName and Address Name Address City State / Province / Region ZIP / Postal Code Relationship Name and Address Name Address City State / Province / Region ZIP / Postal Code Relationship Name and Address Name Address City State / Province / Region ZIP / Postal Code Relationship Name and Address Name Address City State / Province / Region ZIP / Postal Code Relationship POWER OF ATTORNEY: If you were unable to make financial decisions for yourself, who would you want to make those decisions for you?CLIENT’S AGENTName Relationship Instructions or Guidelines Name Relationship Instructions or Guidelines Name Relationship Instructions or Guidelines SPOUSE’S AGENTName Relationship Instructions or Guidelines Name Relationship Instructions or Guidelines Name Relationship Instructions or Guidelines Do you want to authorize your Financial Agent to make gifts on your behalf during any period of time you are incapacitated?Client: Yes No Spouse: Yes No Gifting Power Details:LIVING WILL:Do you want to provide that the moment of your death not be unnecessarily prolonged by artificial means or measures?Do you want to provide that your organs and tissues should be made available for transplant purposes?HEALTH CARE:If you were unable to make decisions for yourself, who would you want to make decisions for you with regard to your medical treatment?CLIENT’S AGENTName Relationship Instructions or Guidelines Name Relationship Instructions or Guidelines Name Relationship Instructions or Guidelines SPOUSE’S AGENTName Relationship Instructions or Guidelines Name Relationship Instructions or Guidelines Name Relationship Instructions or Guidelines Do you want to authorize your Medical Agent to take whatever steps are necessary to keep you in a personal residence rather than nursing home?Client: Yes No Spouse: Yes No Do you want to provide that upon certification by 2 physicians of need for psychological or substance treatment, Agent may arrange for voluntary admission?Client: Yes No Spouse: Yes No In making distributions during any period of time the client is incapacitated, the successor Trustee shall give primary consideration to: Disabled spouse, the needs of others. Disabled spouse and other spouse, and then needs of others Disabled spouse needs and the needs of others equally. DISTRIBUTIONS OF PERSONAL PROPERTY AND SPECIFIC GIFTSUSE OF PERSONAL PROPERTY MEMORANDUM: Do you want to provide that your personal property will be distributed pursuant to a written list you may prepare later? Yes No Any property not listed on the memorandum should be distributed to:FOR CLIENT: Spouse, then children equally. Spouse, then to balance of trust. Spouse, then other named individuals. Children To the balance of the trust. Other named individuals. List on next line. FOR SPOUSE: Spouse, then children equally. Spouse, then to balance of trust. Spouse, then other named individuals. Children To the balance of the trust. Other named individuals. List on next line. FOR CLIENT: Spouse, then children equally. Spouse, then to balance of trust. Spouse, then other named individuals. Children To the balance of the trust. Other named individuals. List on next line. SPECIFIC GIFTS: List any specific gifts of real estate or cash gifts you wish to make to either individuals or charities. Indicate whether these gifts are to be made even if the other spouse is alive.FOR CLIENT:Individual or Charity Amount or PropertyContingent on Spouse predeceasing? Individual or Charity Amount or PropertyContingent on Spouse predeceasing? Individual or Charity Amount or PropertyContingent on Spouse predeceasing? Individual or Charity Amount or PropertyContingent on Spouse predeceasing? Individual or Charity Amount or PropertyContingent on Spouse predeceasing? Individual or Charity Amount or PropertyContingent on Spouse predeceasing? Individual or Charity Amount or PropertyContingent on Spouse predeceasing? Individual or Charity Amount or PropertyContingent on Spouse predeceasing? Individual or Charity Amount or PropertyContingent on Spouse predeceasing? Individual or Charity Amount or PropertyContingent on Spouse predeceasing? FOR SPOUSE:Individual or Charity Amount or PropertyContingent on Spouse predeceasing? Individual or Charity Amount or PropertyContingent on Spouse predeceasing? Individual or Charity Amount or PropertyContingent on Spouse predeceasing? Individual or Charity Amount or PropertyContingent on Spouse predeceasing? Individual or Charity Amount or PropertyContingent on Spouse predeceasing? Individual or Charity Amount or PropertyContingent on Spouse predeceasing? Individual or Charity Amount or PropertyContingent on Spouse predeceasing? Individual or Charity Amount or PropertyContingent on Spouse predeceasing? Individual or Charity Amount or PropertyContingent on Spouse predeceasing? Individual or Charity Amount or PropertyContingent on Spouse predeceasing? PROVIDING FOR THE SURVIVING SPOUSE UPON DEATH OF FIRST SPOUSE TO DIE TO SURVIVING SPOUSE WITHOUT TAX PLANNING: We recognize this does not provide any tax planning which may result in our beneficiaries paying significant optional estate taxes. All to surviving spouse. Minimum allowed by law to surviving spouse. _________% to surviving spouse. DIVIDE INTO MARITAL AND FAMILY TRUSTS: Designed to maximize estate tax savings. To accomplish this, an amount up to the applicable exclusion amount (currently $5,000,000) will be transferred to the Family Trust and the balance, if any, to the Marital Trust. This is sometimes referred to as “A/B Trust Planning”. The Marital Trust is sometimes referred to as the “A Trust” or “QTIP Trust”. The Family Trust is sometimes referred to as the “B Trust”, “By-Pass Trust” or “Credit Shelter Trust”. Also provides protection for surviving spouse from creditors and predators. You decide how much control you want the surviving spouse to have. In the event of remarriage protects property for your heirs from a new spouse in case of death or divorce. MARITAL DEDUCTION FORMULA (OFFICE USE ONLY): Disclaimer Provision Marital Pecuniary Credit Shelter Pecuniary Clayton Election Marital Fractional DESIGN OF MARITAL SHARE: OUTRIGHT: We want to leave property outright to the surviving spouse. We recognize that this offers no protection from creditors or predators. Allows surviving spouse to leave property to whomever surviving spouse wants. Also allows a new spouse to possibly make claim on property in case of death or divorce GENERAL APPOINTMENT TRUST: All income and principal are available to the surviving spouse upon demand. The surviving spouse is free to do as he or she pleases. This would include the ability to remove all property in the Marital Share from the trust. ALL INCOME – PRINCIPAL FOR NEEDS: All income is distributed to surviving spouse; principal is available for his or her needs (health, education, and maintenance). ONLY INCOME: Only income is distributed to surviving spouse. Principal is not available to the surviving spouse. DESIGN OF FAMILY SHARE: ALL INCOME – PRINCIPAL FOR NEEDS: All income is distributed to surviving spouse; principal is available for needs (health, education, and maintenance). Are descendants permissible beneficiaries of principal? DESIGN OF FAMILY SHARE: INCOME AND PRINCIPAL FOR NEEDS: All income and principal is available for needs. Income may be accumulated and not distributed. Are descendants permissible beneficiaries of income and/or principal? DESIGN OF FAMILY SHARE: ONLY INCOME: Only income is distributed to surviving spouse. Principal is not available to the surviving spouse. WHO IS RESPONSIBLE FOR DETERMINING LIFETIME DISTRIBUTIONS: Is surviving spouse the sole trustee with a right to appoint cotrustees (surviving spouse then determines the management and distributions for his or her needs)? Do you wish to name someone to be the cotrustee with the surviving spouse? LIMITED POWER OF APPOINTMENT: Do you want the surviving spouse to be able to modify the way property is distributed upon the surviving spouse’s death? If so, to whom may the surviving spouse distribute your property : Your descendants Your descendants and their spouses Your descendants and charities Your descendants, their spouses and charities Anyone, no limitations DIVISION OF PROPERTY UPON DEATH OF SECOND SPOUSE TO DIE DIVIDE EQUALLY BETWEEN OUR CHILDREN AND THE DESCENDANTS OF ANY DECEASED CHILDREN DIVIDE AMONG NAMED INDIVIDUALS and/or CHARITIES HOW AND WHEN TO DISTRIBUTE MY PROPERTY: DISTRIBUTE OUTRIGHT TO OUR BENEFICIARIES: Provides no protection from creditors, predators, or from themselves. STRUCTURED TRUST: You determine how long the property is to remain in trust. During the period of time the property is held in trust it is available to the beneficiary for needs (health, education and maintenance). You may give written instructions to the trustee outlining guidelines to follow in determining the beneficiary’s needs. You may provide for a staggered distribution of principal. For example:. 1/3 at age 30 and balance at age 40. You decide who will manage the property and to carry out your distribution instructions. Does the beneficiary have a right to be a cotrustee and/or choose his or her own cotrustee? You decide how the trust is designed. List your desires REMOTE CONTINGENT BENEFICIARY: Who do you want to receive your property in the remote event that no one listed above is alive to receive your property? Determining the remote contingent beneficiary is not so important that it should cause you to delay completion of your entire estate plan. It can always be changed at a later date.In the remote event no one listed above is alive to receive my property I want my property distributed as follows: To each spouse’s heirs-at-law. One-half to Client’s heirs-at-law and one-half to Spouse’s heirs at law. To the following named individuals and/or charities OTHER ITEMS TO INCLUDE OR DISCUSS: Obviously your estate plan should address all your hopes, fears, and wishes. Please list any other items you want included or want to discuss : Δ
