Contract Explanations

*Below provided for reference only. Please remember that it is best to check with an attorney or estate planner.

Individual

List Full Name
Mr. John Middle/name Doe
Mrs. Alice Maiden/name Doe
Ms. Alice Maiden/name Doe

JTWROS (joint tenants with right of survivorship)

When a husband and wife want both of their names on a contract, the following items should be established:

1. It is the intent of the parties involved that if one is deceased the interest of that party automatically is transferred to the other outside of probate upon presentation by the surviving party of a certified death certificate. If this is the case, it should be stated as follows:

John Initial/Middle/name Doe and wife, Alice Maiden/name Doe, JTWROS

Tenants In Common
2. If they elect that their interest remains a part of their estate upon their death it should be stated as follows: John Doe and wife, Alice Doe, tenants in common (or put nothing after their names). Upon the death of one of the parties, their interest becomes part of their estate. Both parties should sign the contract individually and the W-9 should be attached designating whose Social Security number is being used.

JEWROS (joint tenants by the entirety with right of survivorship)

This is a way to title property only if you are husband and wife.

Corporation

Business Name, Inc.

LLC

Limited Liability Corporation

Trust

John Initial/Middle name Doe
Alice Maiden name Doe
DOE Revocable Trust
DTD MO/DA/YR

Both parties should sign the contract individually and the Tax ID # for the Trust should be listed on the W-9.

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Title * :

First Name * :

Last Name * :

Home Phone Number * :	(eg: 555 555-5555)

Personal E-mail ** :

Business E-mail ** :
	**Either a personal or business email address is required

Preferred Method of Contact By Phone * :	Home Business Other

Preferred Method of Contact By Email * :	Personal Business

Preferred Method of Contact By Mail * :	Home Business Other

**Either a home or business address is required depending on method of contact chosen.



Home Address ** :



City ** :

State ** :

Zip Code ** :

Cell Phone Number:

Home Fax Number ** :	(eg: 555 555-5555)



Business Address ** :



City ** :

State ** :

Zip Code ** :

Business Phone Number ** :

Business Extension:

Business Private Phone:

Business Fax Number ** :	(eg: 555 555-5555)

Preferred Method of Contact By Fax * :	Home Business

Contract Name:

Contract Type:
	Explain the difference

Social Security #:	(eg: 555555555)
Federal Tax ID#:

Professional Title:

Preferred U.S. Mail Address to Return Signed Documents to:	Home Business

Tax Bracket %:	%
	All models wil reflect a 40% tax bracket unless you enter a specific tax bracket here. This feature will help you see an individualized reflection of the tax benefits and rate of return.