VEPS Overview

hand-on-mouse-150x115Our online Virtual Estate Planning System (VEPS) is your portal to securely create, store, update, and share an estate plan that will help protect your legacy and your family for generations to come.

The first step of the legacy planning process is to create the traditional set of estate plan documents that will cover the legal and financial aspects of your plan. In this article, we will take a step-by-step look at how to use the VEPS software.
 


Prepare Your Estate Plan Online for Free

Prepare Your Estate Plan Online for Free

Our FREE online estate planning software is an easy, efficient, flexible, and secure method of creating your estate plan.

You can see exactly what your documents will look like, if you answered all of the questions properly and no customization is needed. Then, consult with your estate planning attorney before you finalize and execute your documents.

 
 
 
 


Before You Create Your Estate Plan

Before you create your estate plan, you should complete the Estate Transition Checklist and the Estate Planning Priorities Survey, to understand your current foundation for success upon which to build your lasting legacy.

When you are ready to start the online estate plan creation process, click on the button below.

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But before you begin, we also recommend that you read Estate Planning 101: Benefits of an Estate Plan, which provides an overview of the elements that comprise a comprehensive estate plan, including:

  • Advance Health Care Directives
  • Powers of Attorney
  • Last Wills
  • Trusts
  • Probate documentation, if applicable

You may also want to gather the information and documents you will need to complete the VEPS process as quickly and easily as possible, which includes:

  • The full legal name of anyone to be listed as beneficiary, trustee or guardian
  • Bank account information: Bank names, addresses and account numbers
  • Investment account information: account or company name, address, and account number(s)
  • Life Insurance policies
  • IRAs or other qualified plans
  • Information about monies owed to you
  • Sole proprietorship information
  • Information about any Business-type entities to include in the trust, i.e., Limited Partnerships, General Partnership, LLCs, and closely-held Corporations
  • Real Property Deeds

Create Your Legacy Estate Plan Now, to Protect Your Heirs Forever

  • You are about to produce documents on software that lawyers use to create documents. By proceeding, you understand and agree that these documents are for your illustration only and you agree not to use them without first consulting a lawyer. You agree that lawyers may see issues and facts that would change your answers.
  • A considerable percentage of estate plans fail to meet all of their goals for non-legal, non-financial reasons. Help us to help you enjoy the appreciation of those your plan involves by sharing any concerns or questions.

Free Estate Plan Options

Our Virtual Estate Planning System (VEPS) is your portal to securely create, store, update, and share an estate plan that will help protect your legacy and your family for generations to come. The online system provides you with a fully-automated process for the drafting and assembly of completely state-specific estate planning documents.

Our process does not utilize “canned forms” but uses highly intuitive, context sensitive “question and answer” dialogs for the preparation of quality documents custom created for you in a matter of minutes. The Trusts and Wills module provides:

  • All Trust and Will versions with extensive distribution options (both specific and residual)
  • Specialized “stand alone” Trusts (e.g., an “IRA Benefitiary Trust)
  • All supporting documents including:
    • Pour-over wills
    • Powers of Attorney
    • HIPPA compliant Health-care Powers
    • Trust Certification
    • Tranfer documents, including the deeds, correspondance and worksheets.

All dialogs have detailed help screens. Documents are created, fully formatted, in Microsoft Word. All documents are frequently updated to ensure you are always compliant with current state and federal laws.


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Documents included with a Trust Package:

  1. Living Trusts (including Restated Amendments)
    1. “Non-Traditional Couple” Trust option
    2. Joint or Reciprocal Trust Versions for Married Clients include:
      1. Simple, probate avoidance Trust
      2. Disclaimer Trust
      3. “A/B” Trust
      4. “Intentionally defective” Marital Deduction Trust (to protect the “step-up” at the 2nd death)
      5. “QTIP” Trust (either pecuniary or fractional share) with optional “Clayton Election”
      6. “QDOT” provisions for a non-citizen spouse
    3. Specific Distribution Provisions include:
      1. Specific Sum and /or Percentage (individual or class gift)
      2. Gift of Real Property
      3. Option to Purchase Real Property
      4. Life Interest in Real Property
      5. Life Interest in Cash or Percentage
      6. Gift of Business Interest
      7. Forgiveness of Debt
      8. “Special Needs Trust”
      9. Pet Trust
      10. Charitable Foundation
    4. Residual Distribution Provisions include:
      1. “Per Stirpes” with trusts for grandchildren
      2. Allocations between specified beneficiaries by shares or percentages
      3. Delay for children to specified age or ages
      4. Family Pot” Trust
      5. Generation-Skipping Trusts
      6. “Dynasty Trust”
  2. Pour-Over Wills
  3. Certificate of Trust
  4. Declaration of Trust
  5. Assignment of Personal Effects
  6. Instructions for the Distribution of Tangible Personal Property
  7. General Powers of Attorney (including option for a “springing powers”)
  8. Health Care Directives with “Living Will” (HIPPA compliant)
  9. Stand-alone HIPPA Waivers
  10. Final Disposition (“Burial”) Instructions
  11. Client Correspondence (incorporating your letterhead), including:
    1. Transmittal Letters
    2. Summary of Estate Planning Provisions
    3. Signing Instructions
    4. Trust Funding Instructions (for after-acquired assets)
  12. Transfer Documents
    1. State specific Deeds for real property
    2. Letters of Instruction for re-titling to banks, transfer agents, brokerage firms, mutual funds, etc.
    3. Assignments of Deeds of Trust, limited and general partnership interests, business interests, etc.
    4. Requests for change of beneficiary designations for life insurance, retirement benefits, etc.
    5. Affidavits of death

We also offer the option of a “stand-alone” Will Package (simple or with testamentary trusts including the same first death options as the Living Trust).
 


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Next Steps

After you have established the legal and financial foundation of your estate plan, the next steps involve planning your legacy and the successful transition of your estate to your family and heirs, so they and future generations benefit from the opportunities afforded by your wealth, both its tangible components (financial assets and real estate) and its intangible elements (values and life lessons; instructions and wishes to be fulfilled; personal possessions of emotional value), rather than being hurt by it and eventually losing it. Select an option below to get started.

Create Structures for Long-Term Success!

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