Name co-guardians in the Will
Co-guardians would have to be added/edited after assembly in Word.
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Frequently Asked Questions
Frequently Asked Questions (FAQs) describe several issues that subscribers might face. Choose a category to browse or search for answers to your questions.
If you don’t find the answer to your question in our FAQs, please choose from one of our other support options.
Toggle between grantor trust status and no grantor trust status
We have language in each of the grantor trust powers (the "swap power" of substitution, the power to add to the class of beneficiaries, and the power to direct loans to the grantor for inadequate security) that gives the powerholder the…
ILIT for the benefit of the client’s grandchildren
We do not have an option to create an ILIT that is just for grandchildren.
Create a GST-exempt trust for grandchildren only
We do not have an option to create an ILIT that is just for grandchildren.
Language on embryos
We do not have any language about devising embryos. This is currently still a topic we are researching.
When does the “Payments to Minors” article take effect if there is a Descendant’s…
The “Payments to Minors” article is a fall-back provision for any property that in the future needs to be distributed to a minor.
Can a trust lend money to the grantor for adequate security/interest?
This provision is designed to provide liquidity to the grantor’s estate, if necessary, by allowing loans as long as specific terms are met, particularly since the fiduciaries may be the same and there may be the appearance of self-dealing.
Which screen discusses lifetime provisions in a Joint Revocable Trust
There is an option on the Trust Details screen that will bring in a reference to jointly-owned property.
Make an outright distribution to descendants while including a provision that if any beneficiary is…
In our documents, outright gifts do not have the contingent SNT option, and that’s because our advisors have concerns about such an SNT being respected.
Can you advise on the best way to limit or eliminate the spendthrift restriction provisions in the…
In the interview for the Charitable Lead Trust, you should have the ability to un-check the box for the spendthrift provision.
