Trust APPs Extend Your
Ability to Customize
Your Estate Plan
Today, people like the positive aspects of online document planning - lower costs, quicker document completion and in general it's a much easier process. However, some see online documents as being simplistic, offering limited choices to customize the documents, therefore making their application limited to those with simple needs. MLCP offers an alternative - Specific Trust Directive APPs.
APPs are similar to those on your smartphone or tablet, where you have a number of apps that provide different types of information applications. The MLCP APPs allow you to add additional data to your estate plan to accomplish a variety of different objectives. A number of APPs will be familiar, some will not. We will answer any questions you may have about APP application when you do your initial 15 minute Q&A session or when we assist you to complete your plan.
Specific Trust Directive APPs Customize Your Plan:
▷ Age Based Options (Age 21 is Trust Default [TD] language):
◇ Single Age Choice
◇ Two Age Choice
◇ Three Age Choice
◇ Four Age Choice
▷ Contingent Distribution Clauses to other combinations
◇ Eight Different Relative Combination Choices
▷ Beneficiary Debt Forgiveness
◇ Debt of a Beneficiary Shall Be Forgiven
▷ Charitable Beneficiary Distribution Terms
◇ % of Assets Set Aside, % Annually Given To Charity for Period of Time,
◇ % of Assets Set Aside, % Annually Given To Beneficiary for Time Period
▷ Generational Holding Sub-Trust
◇ Ten Different Choices to Leave Assets to a Beneficiary in Trust
▷ Inherited IRA Controlled Distribution Terms
◇Two Choices to Have IRA Distributed to a Beneficiary(ies) Through the Trust
▷ Marital Trust "B" Non-Approtionment Clause
▷ Pet Trust Addendum Supplement
▷ Successor Trustee Appointment(s) / Modification
◇ Additional Successor Trustee Appointment(s)
◇ Successor Trustees Serve Together
▷ Trust Protector & Investment Advisor
◇ Trust Protector
◇ Trust Investment Advisor
▷ Trust / Supplemental Administrative Provisions
◇ Separate Allocation of Life Insurance Policy(s)
◇ Business Entity Continuation Language
