Planit:Introduction to the Will Information Screen
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When it comes to Estate Planning, one of the key tools for client’s to identify their wishes is of course the Last Will and Testament. The Will Information screen can identify the key features of the client and spouse’s Wills and Powers of Attorney. While all of the information collected on this screen is important, the distributions of three beneficiaries for the client and the spouse. The first two are called “Partial Distributions” and the third is called “Residual Distribution”, meaning anything left over after the first two distributions will go to the residual beneficiary. You will notice that the Partial Distributions can be done by percent or dollar amount. The default for distribution on this screen is 100% of the estate to be distributed to the spouse, which probably represents the way a large majority of families have their wills structured.