With estate tax exemptions high – except in a few select states – planning for estate taxation is not a priority for most clients at the moment. How property will pass to one’s spouse and descendants, however, remains the driving force behind client estate planning decisions. Understanding the wide variety of options that are available automatically in InterActive Legal will help you draft client documents more efficiently. In this webinar, we will review all ways in which property can pass to a spouse in each practice system, including leaving property in various types of trusts. We will also examine the options for leaving property in trust for descendants (or other beneficiaries), and the various ways in which those continuing trusts can be structured.
As part of this presentation, we will take a closer look at the Joint Revocable Trust document, available in all practice systems and often used to simplify estate planning for a married couple. We will review the structure of the Joint Revocable Trust interview and discuss how the available options differ from a revocable trust with only one grantor.
Most of the drafting options presented are available in all practice systems, and options that appear only in certain systems will be noted during the presentation.
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