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Texas Lipman's Wills & Trusts Volume

The 460+ automated forms in this volume are designed to be the cornerstone of an estate planning practice. Lipman's Wills & Trusts is sophisticated enough for any high-end estate planning project, yet simple and flexible enough to handle smaller estates as well.

The forms in this volume cover all aspects of estate planning, including the preparation of wills, living trusts, powers of attorney, medical powers of attorney, HIPAA releases, directives to physicians, irrevocable trusts, buy-sell agreements, and even pre- & post-marital property agreements.


While this volume is extremely popular and easy to use for large estates, attorneys tell us it's invaluable for smaller estates as well. For instance, when preparing simple wills, you can easily add many different types of specific bequests as well as contingent trusts, no-contest clauses, and trusts for pets. Additionally, you can quickly draft language leaving property to multiple beneficiaries in equal shares or in various percentages, with contingent beneficiaries if any of the named beneficiaries are not living.

With Lipman’s Wills and Trusts, it’s easy to simultaneously draft many different kinds of documents. A single drafting session can include generation-skipping, tax-planned wills or revocable trusts, a family limited partnership, financial powers of attorney, medical powers of attorney, HIPAA releases, directives to physicians, life insurance trusts, etc.

If you are an experienced attorney specializing in estate planning, you'll value the breadth of our system. Or, if you are newer to estate planning, you'll appreciate how the automated system prompts you to consider facets of a client’s estate plan that you might ordinarily overlook.

This comprehensive estate planning system contains more than 460 automated forms, including:

 
Will Forms
35 will forms that range from simple wills to pour-over wills to tax-planned wills, which can be drafted with:
   
Marital Trusts,
   
Clayton Marital Trusts,
   
One-Lung Marital Trusts,
   
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Bypass Trusts,
   
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Disclaimer Bypass Trusts,
   
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Supplemental Needs Trusts,
   
Retirement Benefits Trusts, and
   
Generation Skipping Trusts.
 
 
 
Revocable Trusts
As with the wills, 27 different types of revocable trusts can be drafted, ranging from simple revocable trusts with no tax planning to tax-planned revocable trusts with:
   
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Marital Trusts,
   
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Clayton Marital Trusts,
   
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One-Lung Marital Trusts,
   
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Bypass Trusts,
   
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Disclaimer Bypass Trusts,
   
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Supplemental Needs Trusts,
   
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Retirement Benefits Trusts, and
   
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Generation Skipping Trusts.
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  Same-Sex/Domestic Partner Forms
The Same-Sex Spouse/Domestic Partner forms are designed to allow you to draft forms for clients who married in a state that allows same-sex marriages and for clients who are registered domestic partners. In addition, these forms are flexible enough to use in each of the following situations:

   
Unmarried man or woman,
   
Two men,
   
Two women,
   
One man (who has either a male or female partner), and
   
One woman (who has either a male or female partner).
 
   
 
Supporting Documents
More than 100 ancillary supporting documents can be drafted as well, including:
   
Powers of attorney,
   
Medical Powers of Attorney,
   
Directives to Physicians,
   
HIPAA releases,
   
Codicils, and
   
Revocations of powers of attorney.
    Various supporting documents are available for the revocable trust forms as well, including:
   
Memoranda explaining operations of trust,
   
Deeds transferring property to trust, and
   
Certifications of trust.
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Family Limited Partnerships
You can quickly create limited partnerships for your wealthier clients or your clients who are seeking asset protection work.
 
 
 
Marital Property Agreements
A number of Marital Property Agreements can be drafted, including:
 
Pre-Marital Agreements,
   
Post-Marital Agreements, and
   
Agreements to convert separate property to community property.
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Irrevocable Trusts
Irrevocable trusts, including the much sought after Qualified Income Trust (also known as a “Miller Trust”) are included, enabling you to create:
   
Life insurance trusts,
   
Investment trusts,
   
QPRTs,
   
CRTs,
   
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CLTs,
   
GRATs,
   
GRUTs,
   
Section 142 trusts,
   
Section 867 management trusts,
   
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2503(c) Trusts,
   
Supplemental needs trusts, and
   
QITs ("Miller Trusts").
    Along with each trust, you can draft a memorandum explaining the funding and operation of the trust. When necessary, you can also draft Crummey letters.
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Buy-Sell Agreements
Three different types of buy-sell agreements can be drafted for your corporate clients.
 
 
 
Customized Transmittal Letters
A unique feature of this system is the ability to draft customized transmittal letters to be sent to your clients. One of the letters is designed to be mailed along with the drafts of the documents, while the other letter is designed to be mailed with the documents after they have been signed and copied. ProDoc drafts these letters based on the selections you make while drafting the documents.
 
 
 
Miscellaneous Letters and Forms
A wide range of other forms are available, including forms your client can complete prior to meeting with you, forms you can fill out during a meeting, fee agreements, and checklists.

From simple wills to the most complex trusts, ProDoc and Lipman’s Wills & Trusts (authored by Ronald L. Lipman) provide an exceptional estate planning package.


Order this volume online in one of the following library:

Texas Estate Planning Library

Additionally, it can be added to other ProDoc libraries. Visit here for more information about this option:

Texas Lipman's Wills and Trusts Module >>

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