Estate Planning Worksheet

MacGeorge Law Firm, PLLC

Estate Planning and Administration

USING THIS ORGANIZER WILL ASSIST US IN DESIGNING AN ESTATE PLAN THAT MEETS YOUR GOALS. ALL INFORMATION PROVIDED IS STRICTLY CONFIDENTIAL.

IF POSSIBLE, PLEASE RETURN THE COMPLETED WORKSHEET TO OUR OFFICE PRIOR TO YOUR APPOINTMENT VIA MAIL OR FAX.

Part I

Personal Information

(name most often used to title property and accounts)

(other names used to title property and accounts)

Children and Other Family Members

(Use full legal name. Use “JT” if both spouses are the parents, “1” if client or first listed grantor is the parent, “2” if spouse or second listed grantor is the parent, “S” if a single parent.)

Advisors

Name

Your Concerns

Please rate the following as to how important they are to you:

( high concern, some concerned, low concern, N/A no concern or not applicable)

Description

Level of Concern

Desire to get affairs in order and create a comprehensive plan to manage affairs in case of death or disability.

Providing for and protecting a spouse. 

Providing for and protecting children. 

Providing for and protecting grandchildren. 

Disinheriting a family member.

Providing for charities at the time of death.

Plan for the transfer and survival of a family business. 

Avoiding or reducing your estate taxes.

Avoiding probate.

Reduce administration costs at time of your death.

Avoiding a conservatorship (“living probate”) in case of a disability. 

Avoiding will contests or other disputes upon death.

Protecting assets from lawsuits or creditors.

Preserving the privacy of affairs in case of disability or at time of death from business competitors, predators, dishonest persons and curiosity seekers.

Plan for a child with disabilities or special needs, such as medical or learning disabilities. 

Protecting children’s inheritance from the possibility of failed marriages.

Protect children’s inheritance in the event of a surviving spouse’s remarriage.

Provide that your death shall not be unnecessarily prolonged by artificial means or measures.

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Part II

Property Information

Instructions for completing the Property Information checklist:

General Headings                                      This Property Information checklist helps you list all the property you own and what it is worth. If you do not own property under a particular heading, just leave that section blank. Under certain headings, you may own more property than can be listed on this checklist. If so, attach extra sheets of paper to list your additional property.

Type                                                             Immediately after the heading for each kind of property is a brief explanation of what property you should list under that heading.

“Owner”of Property                                How you own your property is extremely important for purposes of properly designing and implementing your estate plan. For each property, please indicate how the property is titled. When doing so, please use the following abbreviations:

Owner of Property

Use

If married, Client’s name alone, with no other personC
If married, Spouse’s name alone, with no other personS
If married, Joint Tenancy with spouseJTS
Joint Tenancy with someone other than a spouse, i.e. a child, parent, etc.JTO
If you cannot determine how the property is owned?

Real Property

TYPE: Any interest in real estate including your family residence, vacation home, timeshare, vacant land, etc.

Furniture and Personal Effects

TYPE: List separately only major personal effects such as jewelry, collections, antiques, furs, and all other valuable non-business personal property (indicate type below and give a lump sum value for miscellaneous, less valuable items.).

Automobiles, Boats, and RVs

Bank Accounts

TYPE: Checking Account “CA”, Savings Account “SA”, Certificates of Deposit “CD”, Money Market “MM” (indicate type below). Do not include IRAs or 401(k)s here

Note: If Account is in your name (or your spouse’s name) for the benefit of a minor, please specify and give minor’s name.

Stocks and Bonds

TYPE: List any and all stocks and bonds you own. If held in a brokerage account, lump them together under each account. (indicate type below)

Life Insurance Policies and Annuities

Retirement Plans

Business Interests

Money Owed To You

TYPE: Mortgages or promissory notes payable to you, or other moneys owed to you.

Anticipated Inheritance, Gift, or Lawsuit Judgment

TYPE: Gifts or inheritances that you expect to receive at some time in the future; or moneys that you anticipate receiving through a judgment in a lawsuit. Describe in appropriate detail.

Other Assets

TYPE: Other property is any property that you have that does not fit into any listed category.

Summary of Values

Assets

Amount*

Real Property

Furniture and Personal Effects

Automobiles, Boats and RV’s

Bank and Savings Accounts

Stocks and Bonds

Life Insurance and Annuities

Retirement Plans

Business Interests

Money owed to you

Anticipated Inheritance, Etc. 

* Joint Property values enter 1/2 in client’s column and 1/2 in spouse’s column.

Part III

Design Information

PERSONS TO ACT FOR YOU:

GUARDIAN FOR MINOR CHILDREN: If you have any children under the age of 18, list in order of preference who you wish to be guardian.

INITIAL TRUSTEE(S): Usually the Maker will be the Trustee of his or her own trust. Often, both spouses, jointly. Allows you to continue to jointly control your assets as before

DISABILITY TRUSTEE:  If you were unable to make decisions for yourself, who would you want to make decisions for you with regard to your property and assets?

FOR CLIENT

FOR SPOUSE

DEATH TRUSTEE: After your death, who do you want carrying out your instructions, for distribution to and, if desired, management of property for your beneficiaries?

FOR CLIENT

FOR SPOUSE

POWER OF ATTORNEY: If you were unable to make financial decisions for yourself, who would you want to make those decisions for you?

CLIENT’S AGENT

SPOUSE’S AGENT

Do you want to authorize your Financial Agent to make gifts on your behalf during any period of time you are incapacitated?

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LIVING WILL

HEALTH CARE

If you were unable to make decisions for yourself, who would you want to make decisions for you with regard to your medical treatment?

CLIENT’S AGENT

SPOUSE’S AGENT

Do you want to authorize your Medical Agent to take whatever steps are necessary to keep you in a personal residence rather thannursinghome?

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Do you want to provide that upon certification by 2 physicians of need for psychological or substance treatment, Agent may arrange for voluntary admission?

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DISTRIBUTIONS OF PERSONAL PROPERTY AND SPECIFIC GIFTS

 

 

USE OF PERSONAL PROPERTY MEMORANDUM:

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Any property not listed on the memorandum should be distributed to:

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SPECIFIC GIFTS: List any specific gifts of real estate or cash gifts you wish to make to either individuals or charities. Indicate whether these gifts are to be made even if the other spouse is alive.

 

 

FOR CLIENT:

FOR SPOUSE:

PROVIDING FOR THE SURVIVING SPOUSE UPON DEATH OF FIRST SPOUSE TO DIE

MARITAL DEDUCTION FORMULA (OFFICE USE ONLY):

DESIGN OF MARITAL SHARE:

DESIGN OF FAMILY SHARE:

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DIVISION OF PROPERTY UPON DEATH OF SECOND SPOUSE TO DIE

HOW AND WHEN TO DISTRIBUTE MY PROPERTY:

REMOTE CONTINGENT BENEFICIARY: Who do you want to receive your property in the remote event that no one listed above is alive to receive your property? Determining the remote contingent beneficiary is not so important that it should cause you to delay completion of your entire estate plan. It can always be changed at a later date.

In the remote event no one listed above is alive to receive my property I want my property distributed as follows:

MacGeorge Law Firm, PLLC 

2921 E. 17th St. Bldg. D Ste #6, 
Austin, TX 78702

Phone:  (512) 215-4129 Fax:  (713) 583-9686