ESTATE PLANNING WORKSHEET
Prepared on February 20, 2018
for _
- PERSONAL INFORMATION: The person preparing the Will needs to know some personal information about you, including your marital status and whether you have children.
Will writer _
Address _________________
_________________, CA _
Phone _________________
SSN – –
Birthdate _________________
Employer _
Phone _________________ Ext. _________________
Marital Status: I am married.
Spouse _
SSN – –
Birthdate _________________
Employer _
Phone _________________ Ext. _________________
Prior Marriages: I have previously been married.
Children: I have no children, but want my Will to cover the possibility that I will have children after the signing date of my Will.
- THE VALUE OF YOUR ESTATE: The value of estate assets is needed to determine whether “estate taxes” may be an important consideration in the preparation of a will (or living trust). Although federal estate taxes are not usually a factor in estates of less than $5,120,000 as of 2012, it may become important to consider more complex estate planning techniques in estates of $4,000,000 which could grow to those levels. The manner in which assets are held (e.g., “jointly” or “in one name only”) is also important in determining who will receive certain property (i.e., generally, “joint” property goes to the “surviving” joint tenant regardless of what the will may provide).
The combined estimated “net estate value” for you and your spouse is $0.00, based on your estimated value for each asset and liability category.
Joint with
YouYour SpouseSpouse Total
____________________________________ ____________
Total Assets$0.00 $0.00 $0.00 $0.00
____________________________________ ____________
Total Liabilities$0.00 $0.00 $0.00 $0.00
Net Estate Value$0.00 $0.00 $0.00 $0.00
- DISTRIBUTION OF THE ESTATE ASSETS: The persons or organizations (beneficiaries) who will receive the assets of the estate must be identified.
Distribution Summary: In general terms, I would like to have the residuary assets of my estate distributed to my spouse if alive, otherwise to my children (in a trust if they are minors).
- PROVIDING FOR MINOR CHILDREN: I wish to include Will provisions that will create a “trust for minor children”. This trust should be activated only if my spouse does not survive my death.
I understand that this type of trust manages all or a portion of my assets for the benefit of my children, until the youngest child attains age 0. When the youngest child reaches the target age, the Trustee begins an outright distribution of the trust assets to the children.
The trust assets should be distributed outright to my children when my youngest living child has reached the age of 0 years.
Trustee: A trustee is the person or organization named in a Will who has the responsibility to manage the trust assets and to make distributions as required by the terms of the trust.
- GUARDIAN: A guardian is a person named in a Will who has the legal responsibility to take care of minor children until the children reach the age of “majority”, usually age 18 years. (The Guardian cares for the “person,” while the Trustee manages the property of the minor.)
First Choice:
Name _
City, State _________________, CA
Second Choice:
Name _
City, State _________________, CA
- EXECUTOR: An executor is the person or organization named in a Will who has the responsibility to carry out the terms of the Will (i.e., collect the assets, pay the debts, and distribute the remaining assets to the beneficiaries). In some states, the executor is also known as a “personal representative”.
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My Estate Planning Worksheet – Married CA
