How would you draft the following: Wills for a married couple, residuary estate passes outright to…
We do not have an option in the program for a contingent SNT for beneficiaries (spouse or non-spouse) when the underlying gift is outright.
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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.
I am looking to set up a Will – 1/3 in QTIP to spouse, 2/3 to children in lifetime trusts…
We do not have an automatic option for dividing the estate between a QTIP trust for the spouse and trusts for descendants, based on percentages.
Drafting question regarding revocable trusts for husband and wife.
Our cash gift options in separate revocable trusts allow cash gifts to be made either automatically, regardless of whether there is a surviving spouse, or conditionally, where the gifts are made only if there is no surviving spouse.
I chose Outright to Spouse and Disclaimer option for one of my clients. However, I would like to…
The disclaimer option will include a family trust to take the marital gift in the event of disclaimer. The retirement benefit options are located on the Insurance and Benefits dialog.
I am creating an Irrevocable Trust for multiple generations where the Grantor will be using Crummey…
Yes there is a provision that will allow the grantor or the trustee to exclude individuals from having Crummey withdrawal rights with respect to future contributions.
Which Joint Revocable Trust would work best for my clients’ goals and objectives?
Our content attorneys think the your best approach to drafting this as a Joint Revocable Trust is to include two separate provisions applicable on the death of the First Decedent: One that applies if Husband is the First Decedent, and one…
How could I draft a trust that could receive assets from an UGTMA account now that the grandchild is…
This is a question that comes up from time to time, and it can be a challenge, because the child owns the property at the age of majority.
I’m a subscriber to the elder law package. Are there any options to do a gap or “c” trust in my…
In the Elder Law Practice System, there is a way to do it but it is not as “clean” as that offered in Wealth Transfer Planning.
I have a client who died, in their trust agreement her children were to inherit the assets at…
In our content attorneys experience, the trust agreement that specifies that the children are to inherit at specific ages would have the trust provisions built into it.
How can I create the following: GST exemption amount to continuing exempt descendants separate…
Yes, you can create a plan where the GST exempt amount passes to perpetual trusts, and the non-exempt portion is in trusts that terminate at specified ages. How to do this will depend on whether the grantor/testator is married.
