Get Your Estate Plan Forms and Documents

With the My LifeCard Plan platform, now you have access to the same information and documents used by Financial Planners and Lawyers to generate thousands of plans over the past 20+ years. With the simple questionnaire format, you quickly and easily determine what your wishes are and how your assets should be managed. This is a complete plan with everything that you should consider and do to make sure there are no missing pieces.

You are likely already aware of the use and importance of a Living Will and a Last Will & Testament. These are good documents, but they are not enough if you truly want to make sure your choices are followed and your family is properly protected. By answering a few questions, and supplying the names of the persons you trust to manage your affairs, you can take care of these very important documents in a matter of minutes.

Last Will & Testament – including Pour Over Wills. Document specifically what your wishes are and who you wish to share to your assets and posessions.
Dynamic Living Trust – Properly place your assets in a fully funded Trust with yourself as administrator.

 

Living Wills & Health Care Directives – Be prepared for unexpected injury or illness and know your choices can be properly followed.
Medical Power of Attorney and HIPAA statements – Make certain those you trust are empowered to make decisions on your behalf.

 

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Follow the easy step-by-step guide for creating your very own and very necessary documents as part of a complete Estate Plan powered by Integrated Trust Systems and over 25 years of estate planning experience. Take advantage of the completely free (no credit card required!) “Try Before You Buy” preview, as well as a complimentary 30-day no-charge account with membership and package purchase. Both options allow for unlimited updates and edits. Plus, with secure online access available 24⁄7, you, your family, even your lawyer and doctor can access the documents you allow whenever required. You may print your own copies at any time, or also order printed hard copies of all documents in a beautiful leather-bound portfolio.

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Features

Estate Plans are all about planning for the future. This can be tricky since no one knows just what the future holds. Relationships change, circumstances evolve, and life just “happens”. It is quite probable that the choices you decide upon today will not be the exact choices you make in the future. That reality, however, should not stop you from making a plan now. One of the key features of the My LifeCard Plan service is the ability to regularly, and continually, make updates and edits without requiring the drafting of a completely new Estate Plan. Not only can the changes be made effective almost immediately, this will save you both time and money.

FREE Changes, Amendments & Redrafts to Your Document Sets – Establishing your estate plan according to your terms is obviously the first important step. However, future unforeseen conditions may require revising your documents later. My Life Card Plan Memberships provide unlimited access to personally edit and change any merged beneficiary and/or agent-trustee appointee names in your document set at any time and without limit.


Emergency Physician Access (24/7) to Your Health Care Documents – As a current My LifeCard PlanSM subscriber, your entire Health Care document set – Medical Power of Attorney, Advanced (Health Care) Directives, Living Will, HIPAA Statement & Medical Agent Notices – will be viewable and downloadable online via the “Physician Login” button on the My LifeCard Plan homepage, by virtue of your Client ID Number and the “My LifeCard Plan” URL imprinted on your MyLifeCard.


Online Access to Your Personal “E-Vault Document Upload & Repository” – Using your Client Console’s e-Vault Repository system will enable you to upload and permanently store essentially any size document on our secure server (that you are able to scan). The e-Vault service also provides you with the convenience of designating online accessibility to your electronically stored documents to any person of your choice (such as your family attorney, accountant, insurance agent, mortgage broker etc.) with a limited term access to certain portals accordingly as you have designated.


Online Access to Your Personal “Trust Funding Kit” – For your living trust estate plan to be effective, it must be properly funded – i.e., your personal assets should either be transferred or made payable to your trust. Access to your online Funding Kit will help you to ascertain, facilitate, and maintain the suitable funding and implemented structure of your trust.


 

24 Hour Preview and 30-Day Free Trial

Once you complete the simple questionnaire your documents are ready to immediately review. My Life Card Plan offers an absolutely no-commitment 24 hour preview where you can review all your documents without even entering a credit card. And once you do purchase a package or membership, there is a free 30-day trial. And always, there are unlimited edits and changes for no additional charge. Get your free guide now!

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Benefits

By taking a little bit of time now and following the simple questionnaire to create all the documents of a complete Estate Plan, you can be confident you’ve done a thorough and responsible job of planning for the future. The benefits of a complete and total Estate Plan are considerable. Not only do you ensure your choices and wishes are followed, but you protect your assets and your family in many ways.


Avoiding Probate – Probate will almost always take a lot of time and cost a lot of money. The general figures on cost can vary, but between 5% – 10% of the total estate is typical. As for time, this can also range from a few months to a few years.


Estate Tax Planning – When structured properly, a living trust can help maximize the full use and value of a married couple’s transfer tax credits (estate tax exemption equivalent amounts) to help avoid or even eliminate unnecessary taxation. Improper transfer tax planning can be very costly to an estate.


Privacy for the Estate – By inherent design, a living trust is a private arrangement. Generally, an estate owner utilizing a living trust can maintain privacy regarding the affairs of the family estate both during life and after death. Properly Fund your Trust to ensure effectiveness.


Maximum Control – A large sum of money suddenly acquired by a young and/or financially unsophisticated family member may cause more problems than it solves. An incremental, age-based allocation formula is an example of one of many methods that can be incorporated into a trust to exercise asset control.

And More!
A Living Trust can also cover situations and circumstances such as:

  • Recipients of Insurance Proceeds
  • Stretch IRA’s
  • Special Needs Children
  • Business Continuations
  • Joint-Tenant Survivorship issues


Get Your Free Guide Now!

Don’t delay any longer. See what My Life Card Plan can do for you and your family today. Take advantage of what had been exclusively guarded by lawyers and financial planners and get your plan started now with our free guide.
 
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Option Comparisons

The My LifeCard Plan and Integrated Trust Systems make it easy to get started with proper Estate Planning with three package choices.

Health Care Document Set – the most basic yet essential documents for while you are still alive, but possibly incapacitated due to injury or illness. Includes easy online 24⁄7 immediate access for your physician to access medical records and preferences chosen by you.


Last Will & Testament Package – Adds to the Health Care Document Set with critical paperwork such as Power of Attorney and your Last Will & Testament.


Dynamic Living Trust – the most complete option with everything included in the first two packages, plus the complete paperwork and process for properly funding your Trust and ensuring not only are your wishes executed as you choose, but without the cost, time, and stress of putting your family through probate.

Health Care Document Set
Last Will & Testament Package
Dynamic Trust Portfolio
Durable Power-of-Attorney for Health Care
Living Wills (Statutory & “Pro Life”)
Advance Medical Directives
HIPAA Privacy Statement
Durable Agent Notices for Health Care Durable Power of Attorney
Durable Power of Attorney Over Assets
 
Durable Agent Notices for Asset Durable Power of Attorney
 
Last Will & Testament ⁄ Stand Alone (Marital “I Love You” Wills)
 
Electronic Type-in-Text Dispositive Options
 
Portfolio Summary & Trustee Directives
 
 
Dynamic Family Living Trust including Marital w/A/B/QTIP
 
 
Certificate of Trust, Schedules & Property Agreements
 
 
Additional Trust Administrative Documents
 
 
State-Specific Quit-Claim Deed Templates w/Exhibit “A”
 
 
Retitlement & Beneficiary Change Letters
 
 

 

Get Your Free Guide Now!

The downloadable Free Guide covers all three packages. You can always start with the basics in the Health Care Documents set such as a Living Will, and add and edit as you choose in the future.

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FAQs


What is an estate plan?

Estate planning is simply an activity whereby the property/asset owner decides upon one or more methods of transferring all of his assets, real and personal, to chosen recipients at his death. A proper estate plan takes into account personal, administrative, and transfer tax matters in order to create the most efficient, cost-effective means of transferring a particular estate upon the owner’s death.

What happens if I don't plan my estate?

Actually, everyone who owns any asset(s) whatsoever already has an estate plan.  If the asset owner does not establish his own plan during his lifetime, and he therefore dies “intestate”, then the state’s probate code will prescribe a statutory Last Will & Testament for him at his death.

What is a Last Will & Testament?

A Last Will & Testament is simply a statement or “testimonial” of one’s intent regarding the disposition of his assets after death. It is not a contract, and it therefore cannot be binding on anyone – only those parties “interested” in the estate of the decedent. A will can also create a “trust,” and it can appoint a trustee to hold (probated) assets for the benefit of another. This type of trust is called a “testamentary trust” and it is always funded only with probate assets.

How are the terms of a will enforced?

The probate court generally enforces the intent of the decedent unless evidence is submitted (through due diligence, lawsuits, or other litigation, obvious impropriety etc.) that causes a determination that the decedent’s intent cannot be carried out as stated in his will.  Because a will is not a contract (and is therefore not binding), a court of law has jurisdiction over its administration.

Why is it necessary to probate a will?

First of all, the court has to procedurally determine that the decedent’s will is valid and that it is, in fact, his/her will. This is called proving the will. Moreover, when an asset-owner dies, he becomes a deceased asset-owner. A deceased person is unable to transfer ownership of his assets to anyone. The result is that only a court of law has the legal authority and ability to appoint (and transfer) ownership of the decedent’s assets, even if it is only to the decedent’s own family members. The role of the decedent’s personal representative (as executor, administrator, trustee, or other fiduciary) is to first have title to all of the decedent’s assets vested to him/her by the probate court. Then, after gathering all of the decedent’s assets and accounting to the court the personal representative eventually transfers title of the decedent’s property to the decedent’s intended heirs (or those heirs that the state’s legislature, through the state’s probate code, have decided should be the natural recipients of the decedent’s bounty). All of this can happen only through either “formal” or “informal” statutory probate court procedures.

So, what's so bad about probate?

Probate tends to (i) be relatively costly to the estate, (ii) take several months or even years to complete, (iii) be a source of frustration to the heirs, (iv) effect a disclosure all pertinent family and financial matters – by a public file – for even unscrupulous people to discover, and (v) be more prone to disputes (and even court litigation) among family members, including attracting the unwanted services of corporate entities who do not have altruistic motives.

Is there a positive side to probate?

Before the major tax law changes of 2001, there were a few obscure, minor tax benefits to certain estates with certain conditions. Now, those separate advantages are all but gone. However, some probate attorneys take the position that the formal supervision provided by a court in settling an estate is worth the expense, time-lapse, undesirable publicity, vulnerability, and frustration that can be experienced by the heirs while waiting to get their inheritance.

How can probate be avoided?

There are several ways. Outright gifting during life is one such method that, if used correctly, can be very effective. The most common method of probate avoidance, however, is to hold real property as joint-tenants-with-rights-of-survivorship (JTWROS). Another method is by deeding realty property to someone with a life estate retention clause in the deed. A third well known strategy of avoiding probate of bank accounts, life insurance, IRA’s and other assets normally held in accounts is to make those accounts payable-on-death (POD) directly to a named beneficiary. All of these methods, however, can create potentially undesirable outcomes ranging from loss of control and unnecessary lawsuit exposure during lifetime to the forfeiture of a thoughtfully structured disposition of one’s estate at death.

What is a Trust?

A Trust is a legal agreement allowing for a property conveyance to occur whereby the property owner divides title to the property into legal and equitable interests and imposes fiduciary duties on the holder of the legal title (the trustee) to deal with the property for the benefit of the holder of the equitable title (the beneficiary).

What is a Trustee?

A Trustee is the person who holds legal title to trust property received from the settlor with a fiduciary duty to divide and manage that property according to the settlor’s instructions and applicable trust law.

What is a Settlor?

A Settlor is a person who creates a trust by transferring the property to the trustee (fiduciary of the trust) and imposing duties on the same. The settlor may also be referred to as a trustor, grantor, creator, or donor.

Is there a singular way to address problems inherent in estate transfers?

Yes. A properly drafted, properly funded, properly implemented Revocable Living Trust is a proven foundational plan for almost any estate, and has the structure to remedy almost all of the problems that can be associated with transferring an estate, regardless of the size. Wealthy estates may require more sophisticated planning in order to minimize the estate tax consequences of transferring great wealth. There are, thankfully, a whole range of options available for this purpose, including, but not limited to, irrevocable trusts, limited family partnerships, charitable trusts etc. Even for large estates, however, a living trust will still comprise the centerpiece of the estate plan because of its flexibility, portability, and ease of administration.

How does a living trust avoid probate?

When the creator of a living trust transfers assets to the trust, actually to himself as the trustee, he has already conveyed legal title to his assets to a “party” that does not cease to exist when he dies. That party is the office of the trustee – which he may occupy during his lifetime. He is also the beneficiary of his own trust during his lifetime. Probate is no longer necessary because the (successor) trustee already holds legal title to the decedent’s assets by operation of law.  A trust is a contractual agreement between the creator and trustee of the trust.

What does it mean to “fund” a trust?

Funding a trust simply means to transfer one’s assets to the trust – actually to the trustee of the trust. This is generally accomplished by such means as (a) assignment deeds for realty interests, (b) specific assignment/conveyance documents for contractual interests or other non-account assets, (c) request-for-retitlement letters (and beneficiary-change letters), (d) assignment of stock & bond powers, or even by (e) an entry in a corporate ledger.

Why must a living trust get funded during the creator's lifetime?

A living trust must be funded during the lifetime of the creator in order to take advantage of the full benefit of the trust. That is why it is referred to as a “living” trust: it is designed to be funded and functional during the creator’s life, in addition to facilitating the transfer of his assets to his beneficiaries upon death. Any (non-funded) assets still owned by the decedent outside of the trust at his death will have to be probated in order to be transferred to the trust through a “pour-over will” – a will that “pours” the assets into the trust – after they have been probated.

How does a Marital A/B Trust work?

A Marital A/B Trust is a trust format designed for legally married spouses (husband & wife) who establish a trust together as co-creators (note: spouses can also establish a “Marital Simple Trust” which has no A/B format). When the first spouse dies, Trust “B,” called a Credit Shelter Trust because it takes advantage of the amount allowed to be sheltered from estate tax, is to be funded with that part of the entire trust estate which is deemed to belong to him (assuming husband dies first). This means that his sole and separate property (if any) and his interest in any property owned jointly by the spouses (community property and/or tenants-in-common or tenants-by-the-entirety property) is transferred to Trust “B,” which then utilizes his unified credit by not having the decedent spouse’s estate go directly to the surviving spouse under her full control.

The assets of Trust “B” are maintained IN TRUST for the benefit of the surviving spouse for the remainder of her lifetime (unless a prior arrangement is agreed upon). Although she has no ownership interest in Trust “B”, it can be set up so that she can receive all distributable net income from it as well as distributions from the principal for her health, education, maintenance and support. Trust “B” provides legitimate protection of the decedent spouse’s estate from the surviving spouse’s potential creditors, or a new predatory spouse, or even possible spendthrift tendencies of the surviving spouse because it becomes irrevocable upon the death of the first spouse to die. Upon the surviving spouse’s death, the assets of Trust “B”, along with the assets of Trust “A” (the surviving spouse’s estate) are then distributed according to the decrees of the trust.

If a living trust works so well, why hasn’t my attorney mentioned it?

Conventional wisdom says that the family lawyer, because of familiarity and the fact that he or she is a lawyer, is best qualified to help a family set up an estate plan (usually a will).  Unfortunately, this is a misconception. Law schools require only one course in the mechanics of wills, trusts, and estates, and only a fraction of practicing lawyers have the knowledge and skill to claim to be legitimate estate planners. This is because the law is vast; probate and trust law can be a complicated subject. In addition to the legal aspects of estate planning, a lawyer must be able to implement the plan once it is set up. This often requires the skills of a financial management professional, so the lawyer must either acquire those skills him/herself or find financial experts to do the work for him/her – all for just one small area of his/her law practice a function that he/she performs only occasionally for a valued client or friend.  Unless a lawyer is actively involved with proper estate planning as a full-time practice or devotes a large percentage of his time to it (as do our network attorneys), it becomes a comparative loss for him or her to get involved in any form of estate planning beyond will preparation.  Without question, on a client-per-client basis, it is much more profitable for a lawyer to probate the estate of a deceased client after death than it is to spend the time and effort it takes to help an occasional estate-planning client meet their real planning goals and objectives while they are still alive. So, in defense of the family attorney (like everything else), it all boils down to the indisputable laws of “Economics – 101.”

What is a conservatorship?

A conservatorship is a legal guardianship established by a probate court for a person who has become mentally and/or physically debilitated to the extent that he is no longer able to perform financial decisions or responsibilities on his own behalf. It allows the conservator to use the incapacitated person’s assets on his behalf under the supervision of the court. Therefore, someone must petition the court for an adjudication of his incompetency – a public matter.

How can a potential conservatorship be avoided?

A Financial Durable Power of Attorney (DPA) can be used in some cases to help avoid issues with conservatorship. But a transfer agent (one who acts as a custodian over private accounts held in an institution such as a bank, etc.) is not under any legal requirement to transact with the agent appointed under the DPA. The reason is that a DPA is not a contract, only a valid statement of an agency relationship. Because it is not in contract form, the transfer agent is taking a “risk” in agreeing to honor the DPA, especially if there is later any question about the honesty of the DPA agent’s handling of the principal’s finances.

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[ppmtoggle title="What is the best way to avoid a conservatorship?"]

A funded revocable living trust is the most effective way to prepare for a potential conservatorship. A living trust is a contract. Therefore, when a transfer agent who is representing the institution where the account is held honors the trust creator’s request to have the account retitled into his trust, the transfer agent assents to the terms of the trust/contract and agrees to transact with the trustee who is now serving as a trustee over the trust assets of the incapacitated creator.

What are estate taxes?

The estate tax is a transfer tax imposed upon the estate (not the heirs) belonging to the decedent at the time of (and because of) his death. It is imposed on the decedent’s entire estate. However, the unified credit can shelter the estate from estate taxes up to the exemption equivalent amount – then in effect at the year of the decedent’s death. Estate taxes are generally not deemed as an “inheritance tax”. Inheritance taxes are imposed only in a small number of certain states upon the beneficiaries of the estate (the heirs) and usually at lower rates than the federal (and state) estate tax.




Special Offer


 

Free Living Will and Health Care Document Set!

To get you started with your Estate Plan, My LifeCard Plan is pleased to offer the completely free, no obligation Health Care Document Set.

The fundamental beginning of any complete Estate Plan starts with the basic Health Care Documents. Free copies of a Living Will are readily available on the Internet, but only My LifeCard Plan offers you the total set of documents you really need, all with no cost and no obligation.

More than just a Living Will, you will get:

  • A Living Will document, both Statutory & Pro Life, for you and your spouse if married
  • Advance Health Care Directives
  • Durable Power of Attorney for Health Care
  • Durable Agent Notices for Health Care Durable Power of Attorney
  • HIPAA Privacy Statement

Learn More About This Special Offer!

Use the Access Code included in the Guide to get your complementary Health Care Document Set. Normally sold for $195, it is still the same and complete Health Care Document Set. No Credit Card required, and no obligations. Free Support is always available to answer your questions.

 

Get Your Free Guide Now!

Don’t delay any longer. See what My Life Card Plan can do for you and your family today. Take advantage of what had been exclusively guarded by lawyers and financial planners and get your plan started now with our free guide.

Get Guide Now

 

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