Step 1: Get Your Profile
Congrats! You made it this far. Now comes the fun part. The Planning Profile Builder is super easy and as fun as these things can be because you will see optional “More Info” toggles you can click to learn more about this fascinating area of Law.
This is an understatement because a good sci fi movie is fascinating. This is impactful to so many people in vital ways.
Jump right in and go get your profile!
Heck yeah! The profile is absolutely free.
Here is the cool part. The Builder sits on an app that has several functions to include drafting complete legal plans. The interface you will use builds profiles. Another interface creates the legal plans. On the same tech chasis resides an interface for estate planning law firms to draft the same work product for their clients.
If you decide to create a plan, which is highly advisable, you will be able to revise your documents anytime because you will have access to yet another interface to “fine tune” your legal plan. Some profiles require fine tuning.
We are very proud of this accomplishment. More importantly, for the launch at least, we are less than half the price for Legal Zoom’s premium, super duper package and even less than their basic trust package for couples. We are also below Trust and Will trust package and thousands of dollars lower than every attorney in America.
The Planning Profile Builder is not a legal document. It is an easy way to determine what set of legal documents are best for you. Even if you chose to continue and create a legal plan with documents, you can make mistakes or add info later. We call this “fine-tuning.”
No. The Profile Builder does not ask for specific info. It is a profile builder based on your answer to specific metrics. If you choose to create a legal plan, you don’t need all the info right now beacause you will have a link to your answers and will be able to easily change or revise your answers or even your plan. You can make changes as you please. Some of our Family Leaders have made revisions and updated info five or six times.
When working on the Profile Builder, answer the questions for you and your spouse. If your spouse owns rental properties and you do not, answer “Yes” to the questions about rental property ownership.
If you create a full legal plan, the drafting app is sophisticated. It can determine if your legal plan is a “mirror” plan. That is, two sets of identical documents. If it is not a mirror plan because one spouse has different children and different beneficiaries, two different things, the app can figure that out, too.
No. The Profile Builder asks general questions like, “do you own a home?” It does not solicit any confidential, sensitive info about your accounts, income, investments, etc.
Even if you choose to purchase a plan, the app does not solicit that kind of info for plan creation.
There is a reason for this. If your profile is one of the “Estate Transfer” profiles, it does not matter what you own now. It only matters what you own when you die. We have a way to handle that.
In Asset Protection profiles, some plans require new beneficiary designations. The app drafts those, too. However, this some happens long after you have signed your documents.
We have a Planning Profile called “Estate Transfer Simple“.
The other six profiles are complicated. They speak to families with property in different states, disabled or struggling family members, mixed families, taxable estates, families with too much money, families with not enough money, on and on.
Remember, it is not only the fact patterns that differ. It is also the applicable law. That is why this app is used by lawyers to help them solve these complicated problems.
The Planning Profile Builder determines your profile by asking you a series of key questions about your personal, financial, and family situation. It’s designed to be quick and easy, taking only about five minutes. Here’s how it works:
Basic Information:
The tool starts by gathering essential details about you—your age, marital status, and whether you have children or other dependents, such as those with special needs.
Financial Overview:
It will then ask about your assets, like your home, retirement accounts, and other investments. This helps the tool assess the best way to protect and manage your wealth for the future.
Family Considerations:
Are you concerned about passing on wealth to a spouse, children, or grandchildren? The tool considers your family structure to determine if you need special provisions, such as a Spousal Protection Trust or Special Needs Trust.
Long-Term Care Needs:
Do you want to plan for long-term care costs like nursing home expenses? The tool helps identify whether you need trusts that protect assets from Medicaid “spend-downs” or other costly medical bills.
Tailored Results:
Based on your answers, the Planning Profile Builder will match you with one of seven specific profiles. These profiles range from simple wills to more advanced trusts, depending on your needs. Each profile has a set of documents and provisions that address your unique situation, such as estate transfer, asset protection, or family wealth building.
The Planning Profile Builder is designed to simplify the estate planning process, helping you quickly identify exactly which legal documents and protections you need. It’s like having a lawyer guide you through the process—without the lengthy consultation!
Step 2: Create Your Plan
The Family Leaders Bundle is a special offer designed to give you not only the essential legal documents you need but also access to exclusive premium features for 30 days. Here’s what’s included:
Full Set of Legal Documents: You’ll receive everything included in the basic bundle—Last Will and Testament, profile-specific Trusts, Financial Power of Attorney, and Health Care Documents.
30 Days Free Access to Courses: Get expert-led courses that guide you through key financial and legal planning topics, helping you make the most of your documents and future plans.
30 Days Free Access to Office Hours: Have questions? Join live office hours to get direct answers from our team of professionals, ensuring you’re never left in the dark.
30 Days Free Access to Exclusive Guides: Unlock in-depth guides that cover advanced topics, offering deeper insights into wealth building, asset protection, and estate planning.
Discount on Legal Documents: Benefit from a reduced price on your initial set of documents, making this bundle not only valuable but cost-effective.
After the 30-day period, you can continue your membership for just $44 per month, which keeps you connected to our premium resources, guidance, and support.
The Family Leaders Bundle is perfect for those who want to take their financial and legal planning to the next level while receiving ongoing support from industry experts.
Yes, you can customize the legal documents in the Planning Profile Builder. The tool is designed to create documents that fit your specific needs and situation. When you go through the process, the system asks you questions about your financial and family situation, which allows it to generate personalized documents, such as:
– Last Will and Testament
– Trusts that are tailored to your profile
– Financial Power of Attorney
– Health Care Documents like a Living Will and HIPAA release
Each profile you create dictates the type of sub-trusts and additional provisions that apply, ensuring your documents align perfectly with your goals, whether it’s estate transfer, asset protection, or family wealth building.
This customization ensures that your legal plan reflects your unique situation, providing peace of mind that your wishes are fully represented.
Office Hours are a key feature of the Family Leaders Bundle, providing you with live access to legal and financial experts. During these sessions, you can get personalized advice and ask questions about various topics, such as:
1. Understanding Legal Documents: Experts can walk you through your documents, explaining the details of your Will, Trusts, Powers of Attorney, and Health Care Documents to ensure you know exactly what they cover.
2. Customizing Your Plan: Get advice on how to further tailor your legal plan based on changes in your family or financial situation.
3. Wealth Building and Asset Protection: Learn strategies for growing and protecting your wealth, including how to structure trusts or other legal instruments to safeguard your assets.
4. Estate Planning Tips: Get insights on long-term planning for transferring assets and minimizing taxes or complications for your heirs.
5. Guidance on Family Wealth Building: Discover ways to create a lasting financial legacy and ensure the future financial security of your family.
These sessions give you the opportunity to ask specific questions and receive expert support, helping you make the most of your planning profile.
Yes, Office Hours can absolutely help with the fine-tuning phase of your estate planning. Here’s how:
Clarifying Complex Asset Transfers:
Once your foundational documents—such as your will or trust—are created, you may need to fine-tune specific details related to real estate transfers, business interests, or other complex assets. During Office Hours, you can ask specific questions about how to best handle these assets, such as drafting the right deeds for property or properly structuring the transfer of a business.
Guidance on Adding a Community Property Agreement (CPA):
For those in community property states, fine-tuning may involve adding a Community Property Agreement (CPA) to your estate plan. Office Hours can provide clarity on when and how to incorporate a CPA to ensure your spouse’s share of the property is protected and accurately documented.
Tailoring Beneficiary Designations:
You may need to adjust your beneficiary designations for assets like IRAs or nonqualified accounts. This is a critical step that can ensure these accounts bypass probate and go directly to your chosen beneficiaries. Office Hours can guide you through the nuances of setting up or updating these designations.
Adjusting to Changes in Your Assets:
As your financial situation evolves—whether through acquiring new property, investments, or changes in retirement accounts—fine-tuning is necessary to keep your estate plan current. Office Hours provide a space where you can get advice on making these adjustments, ensuring your plan stays aligned with your assets and goals.
Personalized Support from Experts:
The fine-tuning phase can involve a lot of small but important details. During Office Hours, you can get real-time feedback from legal experts on how to best structure your documents. Whether you’re unsure about how to handle a specific asset or want to confirm that your legal documents reflect your intentions, this support ensures nothing is overlooked.
In summary, Office Hours are a valuable resource for answering your questions, providing guidance on complex issues, and ensuring your estate plan is finely tuned to fit your family’s unique needs. It’s your chance to make sure the details are handled correctly, so your plan is both comprehensive and effective.
During the fine-tuning phase of estate planning, the documents created are designed to address the specific, granular details of your assets and how they will be transferred. These documents go beyond the foundational will or trust and focus on optimizing your plan. Here are the key documents typically created during fine-tuning:
Real Estate Deeds:
If you own real estate, the fine-tuning phase involves drafting deeds to ensure the property is transferred according to your estate plan. This could include:
– Transfer-on-Death (TOD) Deeds: These allow your property to pass directly to a named beneficiary without going through probate.
– Quitclaim or Warranty Deeds: Used for transferring ownership or clarifying ownership structure, especially if there are multiple properties or complex ownership issues.
Community Property Agreement (CPA):
For those in community property states, a Community Property Agreement can be created during fine-tuning. This document formalizes how marital property is owned and ensures that your spouse automatically receives their share of the assets upon your death, avoiding any confusion or disputes.
Agreement as to Disposition of Assets:
This document details exactly how mixed assets (such as community and separate property) will be distributed. It provides clarity on how specific assets will be treated and ensures that your estate plan reflects your wishes for the division of assets between family members or other beneficiaries.
Schedule of Assets:
The Schedule of Assets lists all the properties and assets included in your estate. This document ensures that each asset is accounted for in your will or trust and that beneficiaries and trustees know exactly what is being transferred. It helps avoid any confusion or oversight, especially if you have a diverse portfolio of assets, including real estate, investments, or personal property.
Beneficiary Designations (for retirement accounts and nonqualified accounts):
During fine-tuning, you will also finalize the beneficiary designations for accounts like:
– IRAs
– 401(k)s
– Nonqualified accounts (such as brokerage accounts)
These designations allow these assets to pass directly to your chosen beneficiaries without going through probate, ensuring a smooth transfer of wealth.
Spousal Protection Trust Adjustments:
If you’re creating a Spousal Protection Trust, fine-tuning may involve ensuring this trust properly integrates with other assets like retirement accounts and real estate. This trust is designed to protect your spouse’s inheritance from creditors or Medicaid spend-downs, and the fine-tuning phase ensures the trust is correctly aligned with the rest of your estate plan.
Business Transfer Documents:
If you own a business, fine-tuning may include drafting specific documents that outline how your business will be transferred upon your death. This could involve:
– Business succession agreements
– Buy-sell agreements (if you have business partners)
Health Care and Power of Attorney Updates:
Fine-tuning also allows for updates to your Financial Power of Attorney and Health Care Directives. If your health care preferences have changed or if you want to assign a different person to handle your financial or medical decisions, this is the time to adjust those documents.
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In short, the fine-tuning phase focuses on refining your estate plan by creating documents that address the detailed transfer of your assets. These documents ensure that your estate plan works exactly as intended, aligning your will or trust with specific assets like real estate, retirement accounts, and business interests. Fine-tuning guarantees that every part of your estate is properly accounted for and distributed according to your wishes.