Marital Estate Planning

Download Printable Marital Estate Planning Workbook

Estate Planning Workbook – Individual Trust

Step 1 of 5 – Family

20%

A. Family Facts

Your Full Legal Name:(Required)

Name as it will appear on your Trust documents: (Should match most commonly used signature, i.e. with or without middle initial or middle name.)

First Middle Last

US Citizen(Required)

Yes

Date of Birth:(Required)

MM slash DD slash YYYY

Social Security Number

Home Address(Required)

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code

Mailing Address (if different)

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code

Your Email(Required)

Phone Numbers(Required)

Home Phone

Cell Phone

Work Phone

Marital Status

Are You Currently Married?(Required)

Yes

Do you have previous marriage(s)?(Required)

Yes

Do You Have Children?(Required)

Yes

Do any of your children have special needs or circumstances?

Yes

Spouse

First Middle Last

Marriage Date

MM slash DD slash YYYY

Does your spouse have previous marriage(s)?

Yes

Your Previous Marriage(s)

To add additional rows click plus sign on right of the rows.

Spouse Name

Date of wedding:

Date marriage ended:

Divorced or Widowed?

Spouse's Previous Marriage(s)

To add additional rows click plus sign on right of the rows.

Spouse Name

Date of wedding:

Date marriage ended:

Divorced or Widowed?

List Your Children:

To add additional rows click plus sign on right of the rows.

First Name

Middle Name

Last Name

Date of Birth

Do you have any children who are now deceased?

Yes

Please list your children who are deceased

To add additional rows click plus sign on right of the rows.

First Name

Middle Name

Last Name

Date of Birth

Please list your children with special needs.

To add additional rows click plus sign on right of the rows.

Name

Nature of special circumstance

Medical

Physical

Psychological

Substance abuse/addiction

Not Financially Responsible

Other

Please explain special need or diagnosis:

Family Members

Living Parents:(Required)

Father

Mother

Living Brothers

Click plus sign to add additional rows.

Living Sisters

Click plus sign to add additional rows.

Grandchildren:

Click plus sign to add additional rows.

Do you have a Will or Trust now?(Required)

If yes, please provide us with a copy.

Yes

Do you have any written marital agreements?(Required)

Yes

Do you have any adopted children?

Yes

Do you have any step-children?

Yes

Do any of your beneficiaries owe you money?

Yes

Do you want your adopted children treated as your natural children?

Yes

Do you want your step-children treated as your natural children?

Yes

If any of your beneficiaries owe you money, and money is still owed at the time of your death, do you want to:

Forgive the loan

Forgive part of the loan

Offset the amount due from that beneficiary’s inheritance

Number If you want to forgive part of the loan, enter amount:

B. Your Assets

The purpose of this section is to determine the approximate total value of what you own, that is, the size of your estate. We do not need exact numbers, and we understand asset values can change with time. Remember, we are not financial planners.

REAL ESTATE:

This includes your home and any rental property, timeshares, lots, etc. We will need a copy of the Grant Deed for any property we will be transferring to your Trust. (If you cannot locate your Grant Deed(s), we may be able to obtain a copy for you at additional cost.)

Your Home(Required)

Do you own your home?

Yes

Your Home's APN (Assessor's Parcel Number):

(This number can be found on your property tax bill.)

How much could you sell this property for:

How much do you owe on this property?

Your Equity

Do you own other property?(Required)

Yes

Property List

Click plus sign to add additional rows.

Address

APN (Assessor's Parcel Number):

If this property in California, which county?

Equity (selling Value minus amount owed)

Total Value Of Equity In Your Real Property:

Section IRA's, 401-K's AND THE LIKE:Break

In this section we are asking about the value of your IRA’s, 401-K’s and other retirement accounts that are tax deferred until you start taking distributions when you reach a certain age.

Do you have retirement accounts?(Required)

Yes

IRA(s) with a total value of:

Roth IRA(s) with a total value of:

401-K(s) with a total value of:

Keogh Plan with a total value of:

Other plan(s) with a total value of:

Total value of these accounts:

Stocks, Bonds, Mutual Funds, Etc.:

We know stocks, bonds and mutual funds go up and down in value; all we need is an estimate. Do not include retirement funds (IRA ‘s or 401K’s, etc.)

Do you have Stocks, Bonds, Mutual Funds, Etc.?(Required)

Yes

Total Value Of Stocks, Bonds And Mutual Funds

How do you hold your stocks and bonds?

We have the certificates for each stock and/or bond at home or in our safe deposit box.

We have an account/s, with a broker/s, and all of our stocks, bonds and mutual funds are in these accounts.

We have certificates in our possession and account/s with a broker/s

Do you have money in Certificates Of Deposits?(Required)

Yes

How many Certificates of Deposit do you have?

Total value of your certificates of deposit:

Checking, Savings And Money Market Accounts:

We understand that the balances in checking, savings and money market accounts fluctuate. What we are looking for here is your best estimate of the average balances in these accounts. Do not include business or commercial accounts.

Do you have personal checking account(s)?

Yes

What is the total average monthly balance in your checking accounts?

Do you have personal savings account(s)?

Yes

What is the total average monthly balance in your saving accounts?

Do you have money market account(s)?

Yes

What is the total average monthly balance in your money market accounts?

Total Checking, Savings, Money Market Accounts:

Do you have life insurance?(Required)

Yes

Life Insurance:

Life insurance is a part of your estate for Estate Tax (Death Tax) purposes, so we need to know what type of life insurance you have so that we can minimize the Death Tax consequences to your estate. (Remember you may have life insurance as part of your benefits at work.) Please supply the following information on each policy.

1. Name of Insurance Company

1. Death Benefit Amount

2. Name of Insurance Company

2. Death Benefit Amount

3. Name of Insurance Company

3. Death Benefit Amount

4. Name of Insurance Company

4. Death Benefit Amount

5. Name of Insurance Company

5. Death Benefit Amount

Total Value Of Life Insurance Death Benefits:

Businesses, Etc…:

In this part we need some information on any businesses you own. How you are doing business, and how much the business would be worth if you died? We realize that the value may be difficult to determine, but do your best. If you have a CPA, he/she may be able to help you.

Do you own an interest in a business/es?(Required)

Yes

Your Businesses

1. Name of Business

1. Business Type

Sole Proprietorship

General Partnership

California Corporation

California Ltd. Partnership

California LLC

California LLP

1. Non-California Corporation located in:

1. Non-Cal. Ltd. Partnership located in:

1. Non-California LLC located in:

1. Non-California LLP located in:

1. Percentage of ownership: %

1. Estimated value of your interest: $

2. Name of Business

2. Business Type

Sole Proprietorship

California Corporation

California Ltd. Partnership

California LLC

California LLP

General Partnership

2. Non-California Corporation located in:

2. Non-Cal. Ltd. Partnership located in:

2. Non-California LLC located in:

2. Non-California LLP located in:

2. Percentage of ownership: %

2. Estimated value of your interest: $

Total Est. Value Of All Your Business Interests:

Other Assets Of Value:

Do NOT include things like collectibles, stamp or coin collections, the family car(s) or RV’s; but rather other valuables such as boats, antique cars, rare and/or very expensive items, oil or mineral rights, inheritance or expected inheritance, etc. (Again you may have to estimate the value of these assets.)

Assets List

Click the plus sign to add additional rows

Item

Value

Total Estimated Value Of The Above Listed Assets:

Add up the values of these assets and enter here:

Summary Of Your Estate:

This is just a summary of the values you have indicated in each of the previous asset categories. Numbers will be calculated automatically.

Real Property

IRA's, 401K's, etc

Stocks, Bonds & Mutual Funds

Certificates Of Deposit

Checking, Savings & Money Market Accounts

Life Insurance Benefits

Business Interests

Other Assets Of Value

Estimated Total Value Of Your Estate:

C. Your Living Trust

WHO DO YOU TRUST? If you were not able to manage your financial affairs due to illness or disability, who would you trust to manage your affairs? Those you list below will be your Agents (after each other) with Power of Attorney for Financial Purposes (able to sign for you if you can’t) and the Conservators of your Estate, if that becomes necessary. When you have died, who would you trust to distribute your assets? Those you name here will become your Successor Trustees and the Executors of your Will.

(NOTE: Remember that you will be acting as Primary Trustee; those you list below will only take over as Successor Trustees when you can no longer act as Trustee due to disability or death.

You may designate up to three alternates here. We recommend that you name at least two.)

Successor Trustees / Executors / Agents(Required)

List at least 2. A third is optional.

Name

Address

Phone

Age

Relationship

General Distribution

Your child/ren in equal shares

Other instructions (see chart below)

Beneficiaries

Who do you want to receive your estate (your money and property) after your death?

Beneficiary's Name

Address

Phone

Relationship

Share: (Percentage)

At what age would you like your beneficiaries to receive their share of your estate?

All at once when you die?

Other

at what age:

18 (not advised)

Other

If one of your beneficiaries should die before you, who would you want to receive the deceased's share?

The deceased’s children

The surviving named beneficiaries

Other

If all of your beneficiaries should die before you, who would you want to receive your estate?

Your brothers and sisters

Your nieces and nephews

Your “heirs-at-law”

Your favorite charity:

Name of Charity

Specific Distributions

List all beneficiaries of specific gifts. Click the plus sign to add additional rows.

Name

Address

Phone

Relationship

Gift $

Specific Gifts

Before the general distribution of your estate is made, as you designated in the previous section, would you like to make any Specific Distributions? For instance, a gift of cash or real property to a charity, an institution, or a specific person?

Yes: (Complete the following)

Disinheritance

Are there any of your heirs you plan to specifically omit? If yes, please list here:

Name

Relationship

Please Explain

D. Your Will

Guardianship Of Your Child/ren:(Required)

If you have a minor child or children, who would you want to care for them? If you would like to use the same people you selected as SUCCESSOR TRUSTEES/ EXECUTORS/ AGENTS on this form, check the box “Same as Successor Trustees” and skip to the next section. You do not need to list them again. Only if you check the “Other” box below, is it necessary to fill in the Name, Address, Telephone Number and Relationship for each.

N/A (no minor child/ren)

Same as Successor Trustees

Other: (complete the following)

Guardians

List who would you want to care for your child/ren

Name

Address

Phone

Age

Relationship

Burial Instructions

Executor will choose

Will leave a letter for executor

Prior Arrangements have been made. Please explain briefly:

Prior Arrangements

Please explain prior arrangements briefly:

Burial Preferences(Required)

Cremation

Burial

With deceased spouse

Religious services:

Military services:

Other instructions

Cremation

Scattered at sea

Scattered at other location:

Interred at – Enter location in Internment Location field

Internment Location

Instructions: Religious Services

Specify your wishes

Military Services Details

(note: only available to those who were members of the armed forces.)

Other Instructions

E. Power of Attorney for Asset Management:

A power of attorney authorizes an individual other than yourself to act as your attorney-in-fact, making decisions on your behalf if you become incapacitated. A power of attorney generally gives the attorney-in-fact access to your financial accounts, and the right to make day-to-day financial decisions for you. Two types are available. A limited power of attorney is effective for a set time period and/or a specific transaction, while the more common durable power of attorney gives an attorney-in-fact authorization to continue making decisions about your finances as long as you are incapacitated.

(select one)

Springing Power of Attorney

A Springing Power of Attorney is an important legal designation giving someone the power to make financial [or medical] decisions on behalf of another person, but only once certain conditions are met, such as the certification of your incapacity by 1 or 2 physicians or providing the proof of your absence from the area or jurisdiction. Many individuals nominate their spouse, sibling, other trusted relative or friend to be their Springing Attorney in Fact.

Durable Power of Attorney (Effective Immediately)

A Durable Power of Attorney is exactly as the name says. It is durable which means that it becomes effective immediately upon you creating the document and survives and stays effective even if you were to become incapacitated. Many individuals nominate their spouse as their primary Attorney in Fact with the authority to act immediately but any alternate designee(s) (siblings, children, other trusted relative or friend) is only authorized based upon the incapacity (as certified by 1 or 2 physicians) of the primary Attorney In Fact (spouse).

Who do you want to elect as your power of attorney?(Required)

Same as Successor Trustees

Other: (complete the following)

Nominate Power of Attorneys

Click the plus sign to add additional rows.

Name

Address

Phone

Driver’s License Number

Relationship

F. Health Care Power Of Attorney

If you were so ill you could not make health care decisions for yourself, who would you want to make those decisions for you?

Healthcare Advocate(Required)

If you would like to use the same people you selected as SUCCESSOR TRUSTEES/EXECUTORS/AGENTS on this form, check the box “Same as Successor Trustees”. You do not need to list them again. Only if you check the “Other” box below, is it necessary to fill in the Name, Address, Telephone Number and Relationship for each alternate agent.

Same as Successor Trustee

Other: (complete the following)

Healthcare Agents

Enter the Name, Address, Telephone Number and Relationship for each alternate agent. Click plus sign to add additional rows.

Name

Address

Phone

Age

Relationship

At your death, would you be willing to donate your organs?(Required)

Yes

G. Certification

I hereby certify that the information provided herein is true and correct to the best of my knowledge.

Signature(Required)

Your Full Name(Required)

Date

MM slash DD slash YYYY

Next Steps

Please bring your driver’s license and social security number when you come for your appointment.

Phone

This field is for validation purposes and should be left unchanged.

Note from Bruce D. Gleit, Attorney at Law

You are to be commended for educating yourself about the importance of estate planning. The information you have listed in this Workbook will be used as a guide in preparing your estate planning documents.

When you come in for your scheduled appointment you will need to bring: the Grant Deed (not a Deed of Trust or Deed of Reconveyance) to any real estate you own in California, any Pre-Nuptial or Post-Nuptial Agreements, any existing Estate Planning Documents (Will, Trust, etc.) and your Address Book.
Please remember that Bruce D. Gleit, Attorney at Law never charges to speak with an attorney (or anyone else in our office). So don’t hesitate to call us if you have any questions or concerns. We look forward to seeing you at our office soon

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Marital Estate Planning

Estate Planning Workbook – Individual Trust

A. Family Facts

Marital Status

Family Members

B. Your Assets

REAL ESTATE:

Section IRA's, 401-K's AND THE LIKE:Break

Stocks, Bonds, Mutual Funds, Etc.:

Checking, Savings And Money Market Accounts:

Life Insurance:

Businesses, Etc…:

Your Businesses

Other Assets Of Value:

Summary Of Your Estate:

C. Your Living Trust

D. Your Will

E. Power of Attorney for Asset Management:

(select one)

F. Health Care Power Of Attorney

G. Certification

Next Steps

Note from Bruce D. Gleit, Attorney at Law

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