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The Benefits of an ElderDocx® Annotated Document

Last week we announced a few exciting additions to ElderDocx. One of those new additions was an annotated Third-Party Supplemental Needs Trust (SNT). Let's take a little time today and dive into what an annotated document actually is and why our members are so excited about the new annotated SNT addition. 

One feature of ElderDocx is the ability to draft an annotated document. What is this? If you prepare an annotated document, it will contain legal-technical footnotes explaining various trust provisions. This will help you better understand why a provision is included or what exactly it means. For example, this provision in the Revocable Living Trust is footnoted:

To the extent Georgia law allows, all community property conveyed to the trust will retain its character as community property to the same extent as if it had not been conveyed to the trust.³

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The document will also include a client summary box at the beginning of each article that explains in plain terms what that article means. This will help the client better understand the document.

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Once you have fully reviewed the document and you are ready to present it to your client, use the “Create Client Document” command on the ElderCounsel ribbon in Word. This will enable you to create (and optionally save) various permutations of the document for your client to review or sign.

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  • Client Summary is a summary document consisting of no body text or footnotes—it includes only article headings with client summaries beneath each one, describing the article’s purpose.
  • Client Summary with Text includes the full text of the document, along with a summary box beneath each article describing the article’s purpose, but with the footnotes removed.
  • Client Draft includes the full text of the document, but with all annotations (client summaries and footnotes) removed. This is the draft version of the document, as indicated by a “DRAFT” watermark appearing each page.
  • Final Signing Document is the final version of the document, and the one that will be signed by your client. All annotations (client summaries and footnotes) are removed.

Several of our documents offer an annotated drafting option, including our Standalone Will, Revocable Living Trust, Medicaid Asset Protection Trust, Medicaid Family Protection Trust, Veteran’s Asset Protection Trust, Secure Supplemental Needs Trust, Parental Protection Trust, and Third-Party Supplemental Needs Trust. 

Contact us today to learn how to get access to ElderDocx and stay ahead of the competition.

Annotated Third-Party Supplemental Needs Trust

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