Final Review
7 min
How to Revise Your Documents and Keep Them Current
What to Do with Your Documents
How to Sign Your Documents
Reviewing Your Documents
The Digital Diary
Guardianship Designation for Minors
Special Circumstances–Special Document: The Dementia Directive
Cutting Through the Confusion: Different Names, Same Document
The Living Will
The HIPAA Authorization
The Health Care Power of Attorney
Three Health Documents Every Adult Needs: An Introduction
The Problem with Adding an Adult Child to Your Bank Account
The Durable Power of Attorney Document
Other “Non-Legal” Things That Can Help Your Loved Ones
The Disposition of Remains Document
Other Taxes and How They Relate to Your Estate Plan
How to Reduce or Avoid Estate Taxes
What Are Estate Taxes and Will Your Estate Have to Pay Them?
Planning for Loved Ones with Special Needs
Subsequent Marriages and Blended Families
Disinheriting Someone
Property in a Marriage: Community Property, Separate Property, and Property Agreements
What Is a Bond and Should Your Executor or Trustee Have One?
Property That’s Not Easily Dividable, or Has a Loan on It
Distributing Property ‘Per Stirpes’, ‘By Representation’ or ‘Per Capita’
Taking Care of Pets
Other Ways to Avoid Probate
Things People Think Are Covered by Their Will or Trust, but May Not Be
How Safe Is Your Money?... It’s All About the Trustee
What Is the Tax ID Number for Your Trust?
Can a Married Couple Share a Will or Trust?
Other Documents That Work with Your Trust
Understanding Your Trust Document
What Happens if Something Gets Left Out of a Trust?
How to Get Property Into a Trust
Testamentary Trusts
Recap: Will vs. Trust — A Comparison
What Is a Trust and Do You Need One?
What Is Probate and Should You Avoid It?
Understanding Your Will
How the Rest of This Course Is Organized: A Bird’s Eye View
Eight (or Nine) Estate Planning Documents Every Adult Needs
What Is Estate Planning and Why Is It Important?
Estate Planning: A Few Things to Know Before We Get Started
Trust Administration: A Final Word
Terminating the Trust
Getting Receipts From Beneficiaries
Keeping Some Money in Reserve
How to Distribute Specific Types of Property
Disabled Beneficiaries
Minor Beneficiaries
Everything Else
Personal Property
Distributing Property
A Word About Businesses
Taxes Beneficiaries May Pay After Receiving Their Inheritance
Taxes You May Pay as Trustee
Paying Taxes
Providing Accountings
Investing Trust Assets
Wrap Up
Pay Debts and Creditor Claims
A Few Other Things to Know
Pay-on-Death Assets
Roth IRAs
Tax Deferred Retirement Plans
Pensions
Annuities
Life Insurance
Collect Payables: Beneficiary & Pay-on-Death Proceeds
Use a Probate Short-Cut (If the Estate Qualifies)
Open Probate (If Necessary)
Determine What Happens to Property Outside the Trust
Get Property Titled in Your Name as Trustee
Send Notifications of Death
Notify the Beneficiaries
Let the IRS Know You’re in Charge
Establish a Bank Account
Get a Taxpayer ID Number for the Trust
Secure and Protect the Trust Property
Value the Assets
Find and Inventory the Trust Property
Register the Trust (Where Required)
Study the Trust Document
Find the Documents That Dispose Property
Order Copies of the Death Certificate
Getting to Work: A Checklist
Getting Organized
Conclusion
Real Property (Real Estate) Professionals
Appraiser
Estate Organizer/Liquidator
Investment Advisor
Tax Professional
Attorney
Getting Help: Assembling Your Team
Errors and Omissions Insurance
Trustee Quicksand: Common Traps and How to Avoid Them
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