23 topics
Who Can Witness & Notarize
Execution
Witnesses must be competent adults who are not beneficiaries…
AB Trust Option
Trust Structure
Splits into Trust A (survivor) and Trust B (deceased)…
Community or Trust Property
Property & Ownership
Marital assets owned equally in community property states. Retains character in a trust…
Contingent Beneficiary
Beneficiaries
Receives assets only if the primary beneficiary cannot…
Do I Need A Living Will
Advance Directives
Documents end-of-life medical wishes for when you cannot speak…
Maximum Amount To Inherit
Tax Planning
Most estates pass tax-free federally, but state taxes vary…
Resuscitation & Life Support
Advance Directives
Clients specify wishes for CPR, ventilation, and feeding tubes…
Standard Trust
Trust Basics
Created during lifetime, avoids probate, amendable at any time…
Surviving Spouse Rights
Spousal Planning
Most states provide a spousal elective share regardless of what the will states…
Titled Property
Asset Titling
Property in the trust's name passes directly to beneficiaries…
Trust Changes
Trust Management
Can be amended or fully restated at any time while grantor is competent…
Trustee — Committee vs. Individual
Trustee Selection
Individual, co-trustee, or corporate — each offers different levels of oversight…
Void Trust Upon Divorce
Life Events
Many states automatically revoke spousal provisions upon divorce…
What Are Specific Bequests
Distribution
A gift of a specific named asset to a beneficiary…
What Are Spendthrift Provisions
Asset Protection
Protects a beneficiary's share from creditors and transfers…
What Is A Bequest
Definitions
A gift of property through a will or trust…
What Is A Financial Agent
Definitions
Named in a Financial POA to manage finances when the principal cannot…
What Is A Healthcare Agent
Definitions
Named in a Healthcare POA to make medical decisions…
What Is A Successor Trustee
Trustee Roles
Steps in when the original trustee dies or is incapacitated…
What Is A Trust Name
Trust Basics
Typically "The [Name] Revocable Living Trust dated [Date]"…
What Is Emergency Transport
Advance Directives
Covers whether the client wants hospital transport in an emergency…
What Is Personal Property
Definitions
All movable possessions — furniture, jewelry, and digital assets…
What Is A Trust Date
Trust Basics
The official date the trust was signed and notarized…
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