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Drafting Scenarios

Drafting Scenarios are developed from drafting questions Subscribers have sent to InterActive Legal Content Support in which fact patterns are submitted in order to determine which InterActive LegalSuite documents and/or profiles would be most efficient to use for drafting.

If you do not find a fact pattern that is similar to your situation please email content@interactivelegal.com so that our Content Team may provide assistance and add to this database.

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Drafting Scenarios

4 Trust Plan

InterActive Legal Support Team Jul 19, 2024

In the 4-trust plan, GST planning is included, which involves keeping the GST exempt property in trust for as long as possible. So even if you send the residue to the descendants outright, the GST planning option will automatically create…

Drafting Scenarios

Comprehensive Revocable Trust- Trust for descendants, no tax planning

InterActive Legal Support Team Jul 19, 2024

Comprehensive Revocable Trust- Trust for descendants, no tax planning drafting scenario.

Drafting Scenarios

Create a GST-exempt trust for grandchildren only

InterActive Legal Support Team Jun 19, 2024

We do not have an option to create an ILIT that is just for grandchildren.

Drafting Scenarios

Draft Stand-Alone IRA trust

InterActive Legal Support Team Jun 7, 2024

The answer depends on which practice system you have.

Drafting Scenarios

Drafting Reciprocal Revocable Trusts, is there an option for assets to go outright to the spouse…

InterActive Legal Support Team Jun 7, 2024

You have the option of drafting a disclaimer plan two different ways.

Drafting Scenarios

Client’s wife does not have enough assets to fully utilize her exemption amount. He plans to…

InterActive Legal Support Team Jun 7, 2024

If you draft a comprehensive or contemporary revocable trust, this option will appear on the Tax Planning interview screen, in the Other Tax Issues section, as shown below.

Drafting Scenarios

Separate GST trusts for children, which will be distributed outright to grandchildren upon each…

InterActive Legal Support Team Jun 7, 2024

On the Residuary Disposition interview screen, choose to leave property to descendants outright.

Drafting Scenarios

Blended family want different actions to be taken depending on whether H passes first or W passes…

InterActive Legal Support Team Jun 7, 2024

For a blended family situation where different actions are desired depending on whether H or W passes first, we recommend against using the Joint Revocable Trust (JRT).

Drafting Scenarios

Create a credit shelter trust, then a GST reverse QTIP as to any difference between available GST…

InterActive Legal Support Team Jun 7, 2024

We would start with the profile that is referred to as the “Three trust plan”.

Drafting Scenarios

Client wishes to restate their trust agreement. They originally executed the trust when they were…

InterActive Legal Support Team Jun 6, 2024

It depends on how the client wants the assets to be distributed, but we recommend referencing the marriage even if nothing is left to the spouse.

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Content Support Notice

InterActive Legal Content Support is designed for drafting questions and explaining options within the program, and we cannot advise on legal matters or best practices.

For substantive questions, we recommend seeking input from other members of the InterActive Legal community by posting your question to our Estate Planning and Elder Law Discussion Forum. That will allow you to obtain other perspectives on the best structure of the plan, and it is possible that others more familiar with your state law will be able to provide additional guidance.

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Drafting Scenarios

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