Find premium family and estate planning legal forms

DocStore » Legal Forms » Family and Estate Planning

Per Page: 15 25 50

«1...

Sprinkling Trust for Children during Grantor's Life, and for Surviving Spouse and Children after Grantor's Death (Crummey Trust Agreement)

$19.99

$19.99
From:William Glover

Document Overview:

A Crummey trust is a trust that takes advantage of the gift tax exclusion and also keeps money in trust by placing significant restrictions on the recipient’s right to withdraw. The trust allows a limited amount of withdrawals by the trust's beneficiary, during a limited window each year. In a Crummey trust, parents place gift money into a trust and give their child (or other recipient) the right to withdraw the amount of each gift for up to 30 days after each gift is made. Since the withdrawal right begins immediately after the gift is made, it is considered a present interest, thereby qualifying for the gift tax exclusion. If the child does not withdraw the gift within the 30 days period, the withdrawal right lapses and the money remains in the trust until the child reaches the designated distribution age. However, the parent must convince the child not to withdraw the money during the 30 days. If the child decides to withdraw the money, he/she can only withdraw the amount of the most recent gift, not the entire trust. The parent can eliminate all future withdrawal opportunities by ceasing to make any more gifts. The property in the trust will still remain intact and growing until it is ready to be distributed.
Separation and Property Settlement Agreement

$14.49

$14.49
From:William Glover

Document Overview:

An agreement between husband and wife that confirms a separation that has already occurred, or that provides for an immediate separation, is generally valid and enforceable. Consideration ordinarily is required to support a separation agreement; however, settlement of the affairs of the spouses, such as the mutual agreement to divide property, may provide the requisite consideration. Ordinarily, if the parties are represented by independent counsel, there is no confidential relationship between them and the contract cannot be avoided on the ground that one party made a bad bargain. To evidence the fact that the parties dealt at arm's length, it is recommended that the agreement be endorsed by the attorney for each party.
Asset Information Sheet for Preparation of Last Will and Testament - DOC

$14.49

$14.49
From:William Glover

Document Overview:

Before a will which accurately reflects the testator's testamentary plans for the disposition of the estate can be drafted and proposals for the minimization of estate and inheritance taxes formulated, detailed information concerning the testator's family, assets, liabilities, and personal and business affairs must be obtained and analyzed. A record of such matters should be prepared for use in drafting the will. The information in such a record is also extremely valuable for use in connection with the probate of the will and the administration of the testator's estate. Since the facts set forth in the record should reflect, as much as possible, the current status of the testator's personal and business affairs, the testator should be advised to periodically examine the record for the purpose of making any necessary adjustments. The testator should also be advised that changed conditions in the testator's personal or business affairs could have an adverse effect on the will provisions, and that a review of the will provisions in connection with any changed conditions would be a prudent procedure for the testator to follow.
Irrevocable Trust Agreement for Benefit of Trustor's Children and Grandchildren

$14.49

$14.49
From:William Glover

Document Overview:

A Trust is an entity which owns assets for the benefit of a third person (beneficiary). Trusts can be revocable or irrevocable. An irrevocable trust is an arrangement in which the grantor departs with ownership and control of property. Usually this involves a gift of the property to the trust. The trust then stands as a separate taxable entity and pays tax on its accumulated income. Trusts typically receive a deduction for income that is distributed on a current basis. Because the grantor must permanently depart with the ownership and control of the property being transferred to an irrevocable trust, such a device has limited appeal to most taxpayers.
Testamentary Trust of the Residue of an Estate for the Benefit of a Wife with the Trust to Continue for Benefit of Children after the Death of the Wife

$14.99

$14.99
From:William Glover

Document Overview:

A testamentary trust is a trust in which trust property is bequeathed or devised by will to a trustee for the benefit of the beneficiaries. The will creating the testamentary trust must show a clear intention to create a trust. The specific identity of the trust property, the beneficiaries, and the trust purposes may be determined from the will, from an existing document incorporated into the will by reference, or from facts which have independent legal significance. Statutes in effect in the various jurisdictions prescribe certain formalities which must be observed in connection with the execution of a will in order to for the will to be valid and eligible to probate. A valid testamentary trust is created only where the will attempting to create it complies with the formalities of the state’s statute of wills. An instrument will be denied probate where it fails to conform at least substantially to the controlling provisions governing the execution of wills. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Termination of Trust by Trustee

$14.99

$14.99
From:William Glover

Document Overview:

In the absence of a provision in a trust instrument giving the trustee power to terminate the trust, a trustee has no control over the continuance of the trust. If it is desired to give the trustee the power to terminate, such power should be exercisable in the trustee's absolute discretion, and should be reserved to any successor trustee.
Second Amendment of Trust Agreement

$14.99

$14.99
From:William Glover

Document Overview:

A trust may be modified or terminated by the consent of all interested parties. Also, the trustor may reserve a power to amend or revoke the trust without the consent of the beneficiaries. If the trust instrument provides that such power is to be exercised in a particular manner or under particular circumstances, it may be exercised only in such manner or under such circumstances. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Revocable Trust Agreement with Corporate Trustee

$9.99

$9.99
From:William Glover

Document Overview:

A revocable trust establishes legal authority over the distribution of specified assets while the original owner is still alive. The revocable aspect of the trust allows the owner to change the trust or to cancel it while he is still alive. Once the owner dies, then the trust automatically become irrevocable and the assets transfer to the beneficiaries named in the legal document. The revocable trust is so named because it stays in place legally until the owner dies or changes it. Because it is revocable, the owner can cancel the trust at will without any timing restriction. Additional terms and asset details can also be added, modified or removed through trust amendments. The irrevocable trust, once finalized, is a done deal, even if the owner is alive. No changes can be made legally after the fact by the owner or anyone else except a court.
Cohabitation Termination Agreement

$9.99

$9.99
From:William Glover

Document Overview:

A cohabitation agreement is a contract that clearly defines the financial arrangement and property matters between cohabitants or people living together. This Termination of Cohabitation may be used to terminate such an agreement. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Prenuptial Property Agreement - DOC - DOC

$9.99

$9.99
From:William Glover

Document Overview:

Matters that should be in Drafting Prenuptial Property Agreement: • Name in full and address of each party. • Status of parties and their capacity to contract. • Amounts and kinds of real and personal property owned by each party. • Consideration. • Descriptions of property to be transferred under agreement. • Provisions in event of death of either party during marriage. • Payment from estate for support and maintenance of spouse. • Payment from estate for maintenance, support, and education of children and stepchildren. • Provisions for benefit of children of prior marriages. • Payments for maintenance, support, and education of children, in event of death of parent. • Home and support for children. • Provisions relating to change of beneficiary of life insurance policies and acquisition of new policy or policies with spouse as beneficiary. • Liability for prenuptial debts of parties. • Effective date of agreement. • Stipulation as to representation by counsel. • Date of execution of agreement. • Acknowledgments, where required. • Certification by attorneys, where desired or appropriate. • Recordation of agreement, where required.
Unrestricted Charitable Donation of Cash

$14.99

$14.99
From:William Glover

Document Overview:

A gift involves transferring title by voluntary action of the owner without receiving anything in exchange. A gift of property is a: 1. passing of title; 2. made with the intent to pass title; 3. without receiving money or value in consideration for the passing of title. The donor is the person making the gift, and the donee is the person receiving the gift. A gift may be made as a result of something the donee has done, but this is not consideration unless receiving the "gift" is a condition of doing something - then it is not a gift.
Asset Information Sheet for Preparation of Last Will and Testament

$14.99

$14.99
From:William Glover

Document Overview:

This form may be used in obtaining the initial information needed for a relatively simple last will and testament. Wherever appropriate, the status or nature of, or the testator's interest in, the property, such as separate property, community property, and the like, should be specified. Also, documents or information for use in establishing the cost basis of the property or the value of testator's interest in the property, should be attached to or kept with the record of the testator's personal and business affairs. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only.
Amendment of Inter Vivos Trust Agreement to Add Property

$9.99

$9.99
From:William Glover

Document Overview:

An amendment to a trust instrument should be in writing, and should be executed with the same formalities as the trust instrument itself. The drafter should clearly refer to the original trust provision which is to be amended. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Amendment of Inter Vivos Trust Agreement for Withdrawal of Property from Trust

$9.99

$9.99
From:William Glover

Document Overview:

An inter vivos trust is created by a declaration of trust which commences at that time, while the trustor (the creator) is alive. The property is then placed in trust with a trustee and distribution will take place according to the terms of the trust -- possibly both during the lifetime of the trustor and then upon the death of the trustor. This is different from a testamentary trust, which is created by the terms of a will and places some assets from the estate of the decedent in a trust to exist from the date of death and until fully distributed.
Irrevocable Funded Life Insurance Trust

$9.99

$9.99
From:William Glover

Document Overview:

An Irrevocable Trust is a trust that can't be modified or terminated without the permission of the beneficiary. The trustor, having transferred assets into the trust, effectively removes all of his or her rights of ownership to the assets and the trust. After the insured’s death, the death benefit proceeds can be used to support the surviving spouse. The trustee may pay income or principal to the extent necessary for the health, maintenance and comfortable support of the spouse. The trust might also provide that the trustee may pay the trust income and principal to the insured’s children and/or grandchildren. This allows the trustee to spread the trust income among several taxpayers who may be taxed at lower tax brackets than the insured’s spouse. (It is important to note that distributions for the benefit of grandchildren may be subject to an additional tax, the generation-skipping tax, and must be appropriately planned for.) Upon the death of both the insured and the insured’s spouse, the trust can be divided into shares for the children, and distributed according to the terms of the trust.