Revocable Living Dynasty Trust – Legal Services

Basic Documents
Basic Documents – Legal Services
December 2, 2017
Irrevocable Family Fortress Dynasty Trust
Irrevocable Family Fortress Dynasty Trust – Legal Services
December 2, 2017
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Revocable Living Dynasty Trust – Legal Services

Revocable Dynasty Trust

Revocable Living Dynasty Trust

Revocable Living Dynasty Trust – Legal Services look beyond merely avoiding probate and/or reducing estate taxes.  It is all about what your estate planning is going to do to your family or designated beneficiaries over time.  Not every family needs multi-generation planning.  However, it is often impossible to determine up front which families will or will not benefit from such long term perspective.  The better part of wisdom is to leave the next generation a complete set of tools that they can employ or not as needed.  We call that the “Full Tool Box” approach.

Preparing a Revocable Living Dynasty Trust – Legal Services, whether a new entity or amending and re-stating an existing one, will generally include the following:

  • Attorney time for Consultation and Selection of material option
  • Multi-generation Dynasty Trust provisionsRevocable Dynasty Trust - Legal Services
  • Customization as detailed on client specific diagram
  • “ABQD” Provisions as applicable for married couples
  • One original Trust document
  • Two original Certificates of Trust Power and Authority
  • Schedule of Assets Transferred to Revocable Trust
  • One Bill of Sale for household goods
  • One Omnibus Transfer (a general catch all transfer to the Trust)
  • One Assignment of Employment Benefits
  • “Loose Ends” Letter describing operation, use and funding of Trust
  • Action Items List for follow through action to fund and implement Trust
  • Letters of Instruction for Funding Trust
  • Applicable Schedules and attachments including Schedule of Trustees, Schedule of Special beneficiary, Schedule of Primary Beneficiary, Schedule of Secondary Beneficiary, Schedule of Protector, Schedule of Advisors, Schedule of Wishes, and associated articles explaining use and operation
  • Basic Documents
  • Educational and instructional articles and support documents
  • The “Harmony Documents” including Integrity Agreement and Confidentiality Agreement
  • Letters of Instruction and educational articles
  • Client Original Estate Planning Notebook with Copies of Basic Documents
  • Electronic Copies of Documents in pdf format
  • First Year Safe File Inventory Fee
  • Other assets, properties or business entities may also need to be conveyed to the Trust, and may result in an additional legal investment

Revocable Living Dynasty Trust – Legal Services

This list is subject to change without notice, and the specific details in any client communications related to the particular planning will control over this list.  The Legal Investment for Revocable Living Dynasty Trust – Legal Services will be as stated in a written Invoice or Quote.  Other documents or services beyond this list may result in additional legal investment.

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