Quicken Willmaker Plus: Estate Planning Essentials [With CDROM] Book

What You Can Do With Quicken WillMaker Plus
Using Quicken WillMaker Plus to Plan Your Estate     3
Documents for Executors     8
Forms for Home and Family     10
Personal Finance and Consumer Forms     11
About Wills
Legal Requirements     16
Dying Without a Will     17
Making Basic Decisions About Your Will     18
Other Ways to Leave Property     18
Making Your Own Will     18
About Quicken WillMaker Plus Wills
What You Can Do With a Quicken WillMaker Plus Will     22
What You Cannot Do With a Quicken WillMaker Plus Will     26
A Look at a Quicken WillMaker Plus Will     28
About You and Yours
Your Name     42
Your Gender     42
Your Social Security Number     42
Your State     42
Marital Status     44
Your Children     47
Grandchildren     48
Personal Guardians for Your Minor Children     49
About Your Property
Property You Should Not Include in Your Will     54
Property You Own With Others     58
Property on Which You Owe Money     58
Property Ownership Rules for Married People     59
Your Spouse's Right toInherit From You     64
How to Leave Your Property
If You Are Married With Children     68
If You Are Married With No Children     71
If You Are Unmarried With Children     73
If You Are Unmarried With No Children     76
Making Specific Bequests     77
Naming Residuary Beneficiaries     82
Providing Management for Children's Property
Property Management for Your Children     86
Property Management for Other Children     87
An Overview of Property Management     87
Property Management Under Quicken WillMaker Plus     88
Property Guardians     92
Naming a Custodian or Trustee     93
Choosing an Age to End Management     95
Examples of Property Management     95
Choosing an Executor
Duties of an Executor     98
Naming an Executor     100
Naming an Alternate     103
Debts, Expenses and Taxes
Forgiving Debts Others Owe You     106
Liabilities at Your Death     107
Types of Debts     107
Paying Debts and Expenses     109
Estate and Inheritance Taxes     112
Choosing How to Pay Taxes     113
Make It Legal: Final Steps
Checking Your Will     116
Signing and Witnessing Requirements     116
Changing Your Quicken WillMaker Plus Will     118
Storing Your Will     119
Making Copies of Your Will     119
Updating Your Will
When to Make a New Will     122
How to Make a New Will     124
Explanatory Letters
An Introduction for Your Letter     126
Expressing Sentiments and Explaining Choices     127
About Living Trusts
The Probate-Avoidance Basic Living Trust     132
The Tax-Saving AB Trust     138
What Living Trusts Cannot Do     141
Using a Back-Up Will     142
Drawbacks of a Living Trust     144
When Living Trusts Can Fail     146
What Kind of Living Trust Do You Need?
When to Use a Basic Probate-Avoidance Trust     150
When to Use a Regular Tax-Saving AB Trust     151
When to Use a Disclaimer AB Trust     154
If You're Married: One Trust or Two?     155
Creating an Individual Trust
How an Individual Trust Works: An Overview     161
Your Name     162
Trustees     162
The Original Trustee     162
The Successor Trustee     163
Property to Be Put in Trust      167
Inventory Your Valuable Property     167
Decide What Property to Hold in Trust     168
How to Describe Trust Property     173
Beneficiaries of Trust Property     175
How Do You Want Your Property Distributed?     176
Entering Beneficiaries' Names     177
Alternate Beneficiaries     177
Residuary Beneficiaries     178
Property Management for Young Beneficiaries     178
Should You Arrange for Management?     179
Which Is Better: Subtrust or Custodianship?     180
Custodianships     180
Children's Subtrusts     182
Creating a Shared Marital Trust
How a Shared Marital Trust Works: An Overview     193
Your Names     194
Trustees     195
The Original Trustees     195
The Trustee After One Spouse's Death or Incapacity     196
The Successor Trustee     196
Property to Be Put in Trust     200
Inventory Your Valuable Property     200
Decide What Property to Hold in Trust     202
How to Describe Trust Property     209
Beneficiaries of Trust Property     211
How Do You Want Your Property Distributed?      212
Entering Beneficiaries' Names     213
Beneficiaries for Co-Owned Trust Property     213
Alternate Beneficiaries     214
Residuary Beneficiaries     214
Property Management for Young Beneficiaries     215
Should You Arrange for Management?     215
Which Is Better: Subtrust or Custodianship?     216
Custodianships     217
Children's Subtrusts     218
Creating an AB Trust
How an AB Trust Works: An Overview     234
Your Names     236
Trustees     236
Your Duties as Trustees     236
The Successor Trustee     238
Property to Be Put in Trust     241
Taking Inventory of Your Valuable Property     241
Who Owns What?     242
How Much Property to Put in Your AB Trust     244
What Kinds of Property to Hold in Trust     247
How to Describe Trust Property     250
Specific Beneficiaries     252
Choosing Specific Beneficiaries     253
Alternate Beneficiaries     253
Common Concerns     254
Entering Beneficiaries' Names     254
Final Beneficiaries     255
How It Works      255
Choosing Final Beneficiaries     256
Final Beneficiaries' Rights     256
If You Change Your Mind     257
Property Management for Young Beneficiaries     257
Your Options     257
Should You Arrange for Management?     258
Which is Better: Subtrust or Custodianship?     258
Custodianships     259
Children's Subtrusts     260
Signing, Storing and Registering Your Trust
Before You Sign     276
Consulting a Lawyer     276
Signing Your Trust Document in Front of a Notary     276
Making Copies     277
Registering the Trust     277
Storing the Trust Document     278
Transferring Property to the Trust
Making a Certification or Abstract of Trust     280
Property Without Title Documents     281
Real Estate     281
Bank Accounts and Safe Deposit Boxes     287
Vehicles     287
Securities     287
Mutual Fund Accounts     288
Business Interests     288
Limited Partnerships     290
Copyrights     290
Patents     290
Property That Names the Trust as Beneficiary      290
Living With Your Living Trust
What to Do If     292
Amending Your Living Trust Document     297
Revoking Your Living Trust     308
After a Grantor Dies
What Happens When a Grantor Dies: An Overview     312
Who Serves as Trustee     315
Getting an Appraisal     316
Preparing an Affidavit of Assumption of Duties     317
Notifying Beneficiaries     317
Splitting the Trust Into Trusts A and B (AB Trust Only)     318
The Surviving Spouse's Duties and Rights (AB Trust Only)     319
Transferring Property to the Surviving Spouse (Basic Trust Only)     320
Transferring Property to Beneficiaries     320
Preparing and Filing Tax Returns     321
Administering a Child's Subtrust     321
Administering a Custodianship     322
Durable Powers of Attorney for Finances
What Quicken WillMaker Plus Can Do     327
What This Document Can Do     327
What This Document Cannot Do     330
About Your Attorney-in-Fact     331
The Basics of Your Durable Power of Attorney     334
When Your Document Takes Effect     335
Choosing Your Attorney-in-Fact     336
Specific Financial Powers     340
Additional Duties and Responsibilities     350
Paying Your Attorney-in-Fact     354
Nominating a Conservator or Guardian     355
Making It Legal     356
What to Do With the Signed Document     361
Making and Distributing Copies     361
Keeping Your Document Up to Date     363
Revoking Your Durable Power of Attorney     363
When the Power of Attorney Ends     367
Possible Challenges to Your Document     368
Health Care Directives
What Happens If You Don't Make Documents     373
What You Can Do With This Program     374
The Basics of Health Care Directives     374
Entering Your Personal Information     379
Naming Your Primary Physician     380
Naming Your Health Care Agent     381
Specifying Your Health Care Wishes     396
How Pregnancy May Affect Your Wishes     408
Stating Your Wishes for Organ Donation     409
Making It Legal     412
Making and Distributing Copies     414
Keeping Your Documents Up to Date     426
Revoking Your Documents     426
Final Arrangements
Making Final Arrangements in Advance      429
The Basics of Your Final Arrangements     430
Help With Your Final Arrangements     431
Body and Organ Donations     433
Burial or Cremation     436
Embalming     437
Caskets     438
Ceremonies     439
Final Disposition of Your Body     442
Markers and Headstones     443
Epitaphs     443
Choosing Someone to Oversee Your Wishes     444
If You Need More Help
Learning More     446
What Kind of Expert Do You Need?     446
Different Ways to Get Legal Advice From a Lawyer     446
Finding a Lawyer     447
Working With a Lawyer     448
Doing Your Own Legal Research     449
Users' Manual
Introduction     453
How Quicken WillMaker Plus Works     453
Information for Users of Previous Versions     454
System Requirements     455
Typeface Conventions     456
Register Your Copy     456
Customer Service     456
Technical Support     457
Getting Started     458
Installing Quicken WillMaker Plus     458
Starting Quicken WillMaker Plus      458
Updating Quicken WillMaker Plus From the Internet     460
Quitting the Program     460
Working With Quicken WillMaker Plus Documents Files     461
Creating and Using Documents Files     461
The Documents in Your Documents File     464
Using the Document List     465
The "Document List" Screen     465
Selecting a Document Category     466
Creating a New Document     467
Opening a Document You've Already Created     467
Creating New Versions of Documents You've Already Created     468
Getting Help From Quicken WillMaker Plus     470
The Guide     470
The Quicken WillMaker Manual in the Help Menu     471
The Glossary     474
Online Resources     474
Creating Documents: The Quicken WillMaker Plus Interview     475
Document Interview Screens     475
Special Characteristics of Estate Planning Document Interviews     477
Navigating Through a Document Interview     479
Answering Interview Questions     481
Adding to and Revising the Contact List     486
When You Complete an Interview     489
Creating a Living Trust      490
Choosing the Type of Trust You Want to Create     490
Issues in the Living Trust Interview     490
Amending and Revoking Your Living Trust     492
Creating a Certification or Abstract of Trust     496
Displaying and Printing Your Completed Documents     497
Displaying Your Final Documents     497
Changing How Your Document Looks     499
Reviewing or Changing Your Answers     500
Printing Your Documents     501
Exporting Your Documents     502
Troubleshooting     504
Displaying the "Welcome to Quicken WillMaker Plus Installation" Screen     504
Finding the Setup File on the Quicken WillMaker Plus CD     504
Error Messages     504
Printing Problems     504
Problems Updating From the Web     504
Contacting Nolo Technical Support     508
Menus     509
Keyboard Commands     512
Creating Identical Wills for Married Couples     514
Index