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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

I have a client whose wife does not have enough assets to fund her exemption amount. He wants to…

InterActive Legal Support Team Apr 29, 2021

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.

Drafting Scenarios

I have the Essentials practice system, can I draft a credit shelter trust for NY?

InterActive Legal Support Team Apr 29, 2021

Yes, you can create a Will or a Revocable Trust with a credit-shelter trust that is funded with the New York Exemption Amount, if desired.

Drafting Scenarios

Do you have a template for a NY appointed trust to decant an irrevocable trust into the appointed…

InterActive Legal Support Team Apr 29, 2021

The decanting provision (allowing it to happen) is triggered in the interview by the "Trustees can create trusts" option in the document interview. However, the actual act of decanting is separate, and can happen either via a new trust…

Drafting Scenarios

I am seeking a realty trust template. I want to set up a trust for my married clients that will own…

InterActive Legal Support Team Apr 29, 2021

We do not have a trust in any practice system that is specifically designated as a “realty trust,” and we do not have a nominee trust.

Drafting Scenarios

I’m drafting a BDIT. My client’s sister is the settlor of the BDIT and my client is the primary…

InterActive Legal Support Team Apr 28, 2021

BDIT Drafting Options.

Drafting Scenarios

The client does not want a one pot trust for his three children. He wants 3 separate trust shares,…

InterActive Legal Support Team Apr 28, 2021

If you create our standard "Irrevocable Trust," it is set up with a "Lifetime Trust" during the grantor's lifetime, which is a pot trust that lasts until the grantor dies. Another option would be to instead create three identical trusts,…

Drafting Scenarios

Drafting a revocable trust for a widow, with 2 children (1 and 2) from a previous marriage, and a…

InterActive Legal Support Team Apr 2, 2021

We think the unmarried beneficiaries profile is probably the best way to go.

Drafting Scenarios

Clayton QTIP Question

InterActive Legal Support Team Mar 26, 2021

There is not an option that automatically brings in a co-fiduciary to make the QTIP election, if necessary.

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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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