WealthCounsel® Announces the Release of the WealthDocx® Summer 2012 Enhancement
Semiannual update includes improvements and additions to several WealthDocx assembly libraries.
09 Aug, 2012, 03:48 ET
MADISON, Wis., Aug. 9, 2012 /PRNewswire/ -- WealthCounsel, a nationwide collaborative organization for attorneys and wealth planning professionals, announced the second of its 2012 semiannual updates to the WealthDocx® estate planning software system. The updates are the result of a comprehensive and substantive review process designed to maintain WealthDocx as the industry's most robust, relevant, and practice-friendly document drafting system on the market.
"Our goal for the semiannual WealthDocx updates is to provide our members with consistently improving tools that allow them to Practice Excellence," said Editor-in-Chief Jason E. Havens, JD, LLM. "A substantial portion of the improvements in the Summer 2012 Enhancement were driven by suggestions from WealthCounsel members which truly demonstrates the power of collective intelligence," Havens said.
Havens noted that in addition to improvements to WealthCounsel's flagship document, the Revocable Living Trust, the Summer Enhancement includes revisions to the Business Succession Buy-Sell Agreement to accommodate businesses organized as LLCs; additions to the LLC Operating Agreement incorporating "life-cycle" buy-sell provisions; improved document assemblies to accommodate the sale to a "Defective Grantor Trust" for clients; options to take advantage of Treasury Regulations governing Charitable Lead Annuity Trusts; revisions to the Irrevocable Trust assemblies to add a Certificate of Trust; and revisions to the Irrevocable Trust assemblies to establish a priority for withdrawal rights for tiered Crummey withdrawal powers.
What sets the WealthDocx drafting system apart from other legal drafting software is the contribution of the collaborative insight and input of the thousands of estate planning attorneys in all 50 states who use the system on a daily basis. Another distinguishing characteristic is the fact that all documents are drafted in crisp, understandable, first-person, active-voice, plain English that makes them easy to read by clients and by other professionals.
Havens and WealthDocx Executive Editor Thomas J. Ray, Jr., J.D., CFP® recently filmed a video explaining the Summer 2012 Enhancements. Click here to view the video.
About The WealthCounsel Companies
The WealthCounsel Companies equip professionals to improve clients' lives through proper planning. Established in 1997 and celebrating its 15th anniversary this year, WealthCounsel® is a membership-based organization of thousands of estate planning practitioners, business law attorneys, CPAs, and other wealth planning professionals located in all 50 states. WealthCounsel believes that proper planning is the key to better lives—for clients, for their families, and for the professionals who serve them. As a community of professionals, WealthCounsel members are best equipped to serve clients with the highest level of excellence. WealthCounsel shares ownership in ElderCounsel, and is the publisher of the WealthDocx® Trust and Estate Planning Software system, the nation's leading automated drafting system for trust and estate attorneys.
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