ESTATE PLANNING QUESTIONNAIRE
From the Law Office of Karen Kirkpatrick 16063 Hamilton Station Road, Waterford, VA 20197 (703) 909-0581
1) What is “Plan A” for your estate: you pass away, and your spouse and kids survive you?
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2) What is “Plan B” for your estate: either you and your spouse pass away simultaneously or you pass away after your spouse or otherwise are not married at the time of your passing?
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3) Who would you like to be the executor of your estate under each of the above “Plans?” Please give contact info as well as name.
Plan A Executor: _______________________________________________________
Plan B Executor: ________________________________________________________
4) Do you want to require that your executor post a bond, or will you waive that expense to your estate?
Plan A: ____________________
Plan B: ____________________
5) If you pass away leaving minor children with no parent, who do you want to serve as the guardian of your minor children? (Name and Contact Info)
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6) If you pass away leaving minor children who will inherit all or part of your estate, do you want to establish a trust for the minor children? If so, whom would you like to serve as Trustee?
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7) If you leave assets to minor children in Trust, at what age, and under what conditions or restrictions do you want the children, once adults, to be given the assets? (i.e. Do they have to graduate college and have no tattoos or rings in their body parts? Do they get control of the assets once they turn 25 or once the youngest turns 25?)
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8) If you leave assets to minor children in Trust, shall the trustee have plenary authority over what expenses are covered for the children, or do you want to specify what expenses the Trust assets shall be used to cover? (Only room, board, and basic maintenance? Monthly stipend to be used at child’s discretion? Tuition and books for private school or higher education?)
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9) If any of the heirs taking under your will predecease you, what will happen to their share? Do you want grandchildren to inherit their parent’s share if you have a child who predeceases you but has children during their lifetime?
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10) Do adopted children inherit under the Will? ________________________________
11) How are your assets currently titled, and what is the estimated current market value of each? (attach pages, as necessary).
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12) Do you have real assets outside the Commonwealth of Virginia? If so, please specify.
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13) Are there family heirlooms or any personal property you would like to bequeath to specific individuals?
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14) Do you have charitable goals in settling your estate?
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15) Thoughts or questions you may have regarding the estate planning process:
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Karen Kirkpatrick, VSB #40197
16063 Hamilton Station Road
Waterford, VA 20197-1104
(703) 909-0581 (c)
karenekirkpatrick@gmail.com
