Which document I should use either from the Contemporary or Comprehensive versions to include…
All drafting options are available in both the “comprehensive” and the “contemporary” documents; the interviews for those are exactly the same.
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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.
SECURE ACT / Last Will & Testament
Our recommendation is to name individual testamentary trusts as the beneficiaries of retirement assets, because if you simply name “the estate” of the participant, then the default 5-year payment rule will apply, and the addition of conduit…
Help with defining compensation for the trustees in the contemporary version of the living trust…
There is an option on the Trustee Powers interview screen for family member fiduciaries to be compensated.
I was wondering if there is an option to create a joint revocable trust for the benefit of…
We do not have an option in the Joint Revocable Trust (or any other trust) to limit distributions just to the class of “grandchildren,” but our content attorneys think there are a few different ways you can get that result.
Trying to create a joint revocable trust that will become irrevocable on the death of the first…
In the Joint Revocable Trust, there is not a way to make the entire trust irrevocable at the first spouse’s death.
Looking for a revocable trust where at the death of spouse, everything goes outright to spouse; but,…
We do not have an automatic option that would send the GST exemption amount to trusts for descendants and the balance to a Wholly Charitable Trust (if there is no surviving spouse), but our content attorneys do think you can get there with…
Is there a option that will provide, upon the death of surviving spouse, the funding of DSTs for…
Our documents do not have the option of creating separate trusts for children only, with one set of terms, and separate trusts for grandchildren only, with separate terms.
Client is concerned that the essentials will does not include a provision stating that his residue…
The executor can only distribute property in the course of administering the estate, after paying all debts/expenses/claims, so unlike a revocable trust (where we define the “residue” to be what’s left after any required payments,) we don’t…
Can I insert the right of occupancy provision in the Bypass trust section or specific gifts before…
We do not have specific language for a right of occupancy, so this would be a provision you would have to draft and add into the document manually, after assembling.
SPAT Drafting Questions
On the question of giving the power of appointment to the trustee, we really not sure about that, and would suggest posting the question to the discussion forum, since it is a substantive question (and our content support is geared…
