As one of the nation’s leading estate planning software, WealthDocx™ helps estate planning attorneys increase their drafting efficiency through the creation of the highest quality legal documents in a fraction of the time. Powered by the HotDocs software application, WealthDocx enables estate planning attorneys to create documents using interactive and detailed interviews that guide the document drafting process. By helping to eliminate the human errors that repetitive typing and cut-and-paste methods introduce, attorneys can practice with greater confidence knowing they are providing their clients with high-quality, customized legal documents.
In August 2009, WealthCounsel released WealthDocx™ 7, the next generation of its drafting system. This new version of WealthDocx™ improves the drafting experience through a streamlined software interface and integrated web-based navigational functionality. Unlike most other drafting systems on the market today, WealthDocx 7 includes a state-of-the-art help system referred to as “WealthCounsel Dynamic Intelligence” that educates the user about the underlying issues one should consider when answering questions during the client interview. Thus, in addition to increasing efficiency and confidence, WealthDocx actually enhances the drafter’s legal competency.
Another unique feature of WealthDocx is the contribution of the collective wisdom and collaborative insight and input of the thousands of estate planning attorneys who use the system. In addition, WealthDocx users enjoy unlimited and complimentary technical and legal support.
WealthDocx contains the following document modules:
Living Trust System
Individual and Joint Revocable Trusts
Ancillary Documents (Including "Pour-Over" Wills, powers of attorney, property agreements, etc.)
Funding Instructions and Trust Summaries
Client Information Forms
Comprehensive Interview Questionnaires
Will System
Wills with or without tax-sensitive planning
Ancillary Documents to complete the plan
Client Portfolio Inserts, Instructions, and Will Summaries |
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Excerpted from listserv 6-23-2010
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our mutual client. She wanted to know if the trust accommodated some outlandish scenario of events.
I pulled up the trust and read it in great detail to figure out what the trust document said would happen if, well, basically, if pigs fly. And of course, our WealthCounsel documents handled the scenario beautifully and correctly. I called the trust officer back and told her where to look and how it would work. She was suitably impressed, as was I.
Our documents are so great, I tend to take their awesomeness for granted. But every now and then I actually have to digest them, and the quality is just wonderful.
Thanks, WealthCounsel, for giving us such a great product.
--Merrell Bailey, JD, CPA, MBA, MSTaxation, MSAccounting
Member of WealthCounsel
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Irrevocable Trust System ILITs (Single life, Second-to-Die, or "Spousal Access")
Intentionally Defective Grantor Trusts
Gifting Trusts
"BERT," or "Family Bank" Trusts
"Inheritor's" Trusts
Lifetime QTIP Trusts
Client Portfolio Inserts, Demand Right Notifications
Split Interest Trust System Qualified Personal Residence Trusts (QPRTs)
Grantor Retained Trusts (GRATs, GRITs, & GRUTs)
Charitable Planning System Charitable Remainder Trusts
Charitable Lead Trusts
Private Foundations (Trust-based, or Corporate)
Special Needs Trust System Individual or Joint Third-Party Special Needs Trust
Revocable or Irrevocable
Memorandum of Intent
Physicians Module
Individual Irrevocable Trust Agreement (includes Domestic Asset Protection Trust)
Administrative Services Agreement
Practice Buy-in Agreement
Equipment Lease
Physician Employment Agreement
Premise Lease Agreement
Transmutation Agreement - Waiver
Retirement Planning System Stand-Alone Retirement Trust (draft conduit, accumulation, or "switch" trusts)
IRA Beneficiary Designation Forms
Qualified Plan Beneficiary Designation Forms
Family Limited Partnership System Partnership Agreements
Management Trusts
Entity Formation Documents
Funding and Transfer Documents (including Private Annuities, SCINs, assignments, etc.)
Correspondence Templates
Family Limited Liability Company System LLC Operating Agreements
Entity Formation Documents
LLC Operations Manual
Funding and Transfer Documents
Correspondence Templates
Business Succession Planning System Buy/Sell Agreements
Employee Purchase/Bonus
Deferred Compensation
Stay Bonus
State-Specific Templates (Per Member request) Statutory Form Powers of Attorney
Statutory Form Medical/Living Will documents
Other State-Statutory estate planning forms added when possible, per member input
WealthDocx Frequently Asked Questions
What will my documents be like?
All documents are drafted in crisp, understandable, first-person, active-voice, plain English that meets your need for strong, substantive, technical content. We gave WealthCounsel documents a distinctive format and tone that makes them easy to read. Most importantly, the documents will evolve over time.
Why do I need the KnowledgeBase when I can create these materials myself?
While you may be able to do anything, you cannot do everything. Why not leverage yourself with the help of your colleagues and allow them to leverage your work as well? The knowledge base will make this possible 24 hours a day.
We each spend vast amounts of time attending educational events to gather ideas and keep our knowledge current. We spend countless hours each year reading listservs, professional journals, and tax reports. It takes hard work and long hours to turn this knowledge into profitable services for our clients. To put what we learn to good use, we must budget many additional hours, usually at night and on weekends away from our families. The task is daunting. Most of us fall short.
The KnowledgeBase makes all the materials we need available to us through the internet. As we each contribute, the KnowledgeBase will adapt to changes in our profession and in the law.
WealthDocx is licensed for each location
Hardware and Software Requirements
PC:
- 900 MHz processor (2GHz, recommended)
- 1 GB RAM (2 GB, recommended)
- 230 MB hard disk storage
- Microsoft .Net Framework 3.5**
- Microsoft Windows: XP SP3 or higher (Business Edition, recommended)
- Microsoft Word for Windows: 2003 SP3, 2007 SP2, 2010
- HotDocs Player 2009 HF2 or higher
- Broadband Internet connection
- Internet Explorer: 7 or higher
Mac:
- Window Desktop Virtualization Software: Fusion, Parallels, or Boot Camp
- Allocated Resources for Windows
- 900 MHz processor (2GHz, recommended)
- 1 GB RAM (2 GB, recommended)
- 230 MB hard disk storage
- Microsoft .Net Framework 3.5**
- Microsoft Windows: XP SP3 or higher (Business Edition, recommended)
- Microsoft Word for Windows: 2003 SP3, 2007 SP2, 2010
- HotDocs Player 2009 HF2 or higher
- Broadband Internet connection
- Internet Explorer: 7 or higher
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