When we are hired to prepare an estate plan with a revocable living trust we send our client an email that has a Word file attached that contains 13 pages of incentive and disincentive provisions our client has the option to include in his or her trust. The client can add, edit or delete provisions and add client created additional provisions. We take the client's revised document and include the client's provisions into the client's revocable living trust.
The following list are the section headings of the incentive/ disincentive provisions:
Section 1.01 Incentive Trust Provisions
(a) Monthly Stipend to age?
(b) Christian Ministry Activities
(c) Educational Provisions
(1) Primary and Secondary Education
(2) Provisions for First Bachelor’s Degree
(3) Provision for First Graduate Degree
(d) Additional Distributions to Offset Educational Expenses for Children of a Beneficiary
(e) Marriage Gifts
(f) Income Matching
(g) Vehicle Provisions
(h) Talent Development
(i) Business Opportunities
(j) Long Term Saving
(k) Health Insurance
(l) Stay at Home Mom
(m) Visiting and Caring for Aging Parents
(n) Special Incentives
Section 1.02 Disincentive Trust Provisions
(a) Provisions that Limit Distributions
(1) Alcohol, Drug Abuse and Sobriety
(2) Drug and Alcohol Free Requirement
(b) No Marriage
(c) No Faith/Religion
(d) Future Behaviors Detrimental to a Productive, Christian Lifestyle
Book a Free Estate Plan Consultation
Warning for Arizona Residents
The State of Arizona has a law that specifies who inherits the assets of Arizona residents who die without a will or a trust. This law may cause your assets to be inherited by the wrong person or people if you lack a will or trust. To learn who will inherit your assets if you die without a will or a trust see my article called "Who Inherits Your Property If You Die without a Will or a Trust" and take my short online quiz called "Who Inherits Your Property." If the wrong person or people would inherit your assets you need to hire us to prepare a will or a trust that leaves your assets to the person or people you want to inherit the assets, not to the people Arizona gives your property to.
Book a Free ConsultationThe first step to protect your assets and ensure they go to your desired heir(s) is to book a free office, phone or Zoom video consultation with one of our estate planning attorneys. During this no-obligation meeting, they will answer your questions and design your estate plan. Make a free appointment with:
- Richard Keyt (Rick, the father) text or call 24/7 at 480-664-7478 or go to his online calendar. See Rick's virtual business card.
- Richard C. Keyt (Ricky, the son) text or call at 480-664-7472 or go to his online calendar.
Steps to Hire Us
1. Have your free consultation with one of Keyts.
2. Complete our online estate plan questionnaire. When you submit the questionnaire our system will send an email message to you and to us that contains all the information you entered into the questionnaire.
3. Attend your free estate plan consultation.
4. Come to our office to sign your documents in front of two witnesses and a notary.
Total time from start to signed documents is one to two weeks.