Category: Guides

• by Darol Tuttle
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Planning Profile:Asset Protection Medicaid

Introduction The Asset Protection Medicaid profile is designed for single clients or surviving spouses who have accumulated discretionary wealth and are concerned about the potential impact of long-term care costs on their estate. This profile aims to protect assets from being depleted by Medicaid spend-down requirements, ensuring that clients can preserve their financial legacy for…

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• by Darol Tuttle
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Planning Profile: Asset Protection Tax

Introduction The Asset Protection Tax profile is tailored for individuals and couples with a net worth exceeding the relevant estate tax exemption thresholds. This profile is particularly relevant for clients who seek to mitigate estate tax liabilities while protecting their assets from potential creditors and other claims. It is also suitable for situations where spouses…

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• by Darol Tuttle
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Planning Profile: Spousal Protection

Introduction The Spousal Protection profile is designed for married couples with a net worth ranging between $500,000 and $4 million, who aim to safeguard the surviving spouse’s inheritance from Medicaid spend-downs, liens, transfer penalties, and look-back periods. This profile emphasizes the importance of protecting the surviving spouse’s financial security while ensuring that assets are efficiently…

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• by Darol Tuttle
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Planning Profile: Complex Estate Transfer

Introduction The Estate Transfer – Complex profile is tailored for clients with more intricate estate planning needs compared to the Simple Estate Transfer profile. This profile is particularly suitable for individuals with real estate holdings in multiple jurisdictions or those whose estate complexity demands more sophisticated legal strategies. The goal is to ensure a seamless…

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• by Darol Tuttle
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Planning Profile: Simple Estate Transfer

Introduction The Estate Transfer – Simple profile is designed for clients with straightforward estate planning needs. This profile is particularly suitable for individuals with low net worth or single clients who do not require asset protection from Medicaid. The focus here is on creating a clear and efficient plan to transfer assets upon death, without…

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• by Darol Tuttle
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Planning Profiles: an Overview

Introduction The planning profiles in the EPIC framework are designed to address the diverse needs and circumstances of clients. These profiles are based on Money Models, which categorize clients according to their financial situations and estate planning goals. Each profile guides the creation of a tailored estate plan that meets the client’s specific needs. Seventy…

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• by Darol Tuttle
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Continuity

Introduction The Continuity phase of the EPIC framework addresses one of the most significant challenges in estate planning: plan failure. Despite meticulous drafting and thoughtful implementation, many estate plans fail because future fiduciaries are either unaware of the plan’s existence or do not know how to execute it effectively. Traditional legal plans, written on paper,…

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• by Darol Tuttle
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Implementation

Introduction The Implementation phase of the EPIC framework is a crucial step in ensuring that an estate plan is not only created but also effectively put into action. This phase focuses on disseminating the plan, educating younger family members who will act as fiduciaries, and establishing a robust family governance system. It bridges the gap…

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• by Darol Tuttle
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Property and Investic Provisions

Introduction LegalEdge Innovators recognizes the limitations of traditional estate planning in providing adequate guidance to fiduciaries, particularly those chosen from within the family who may lack legal or financial expertise. Traditional estate planning documents often rely on outdated, boilerplate trustee powers and administrative provisions that fail to reflect innovations in financial services, new investment products,…

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• by Darol Tuttle
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Essential Documents

Introduction Welcome to the Essential Documents guide. This section explains how our drafting app simplifies the creation of vital legal documents by leveraging client input through an online form. With our proprietary legal algorithm, these inputs are transformed into variables that determine one of seven planning profiles. Each profile dictates the necessary legal documents and…

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