Build an asset and ownership table for estate planning
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Extract account names, title and the document that shows ownership from the statements and deeds the lawyer supplies into a table.
- What the lawyer must review
- Check every row against the source document before you rely on it for a plan. Title, a beneficiary form and a trust instrument can point different ways. Opinion 512: you may rely on a summary of a large set only after you have tested the tool on a subset. Model Rule 1.6: do not put the asset list into a public tool.
- Written for / version
- United States versionUS
Who does what
| Role | What they do |
|---|---|
| Assistance | Potential support includes extracting and organising information. Confirm the tool’s capability and permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.
Forms and precedents for this task
| Form or precedent | Kind | AI use | Summary |
|---|---|---|---|
| Trust funding checklist (United States) | Checklist | AI use Yellow | A post-signing list for moving assets into a US trust, separating state deed formalities from beneficiary forms and from FIRPTA when a foreign grantor later sells. |
| Client letter on funding a trust (United States) | Letter | AI use Yellow | A letter telling the client which assets still stand in the client's name after the trust is signed, and which signature or beneficiary form is still required. |
| Asset and ownership table for a trust (United States) | Checklist | AI use Yellow | A table of each asset, who owns it today, which document shows that, and whether a foreign grantor would matter under the IRS FIRPTA page on a later sale. |
| Trust control and signature map (United States) | Checklist | AI use Yellow | A map of who may sign for the trust, drawn from the trust document, with state trustee rules and the IRS grantor example left as open citations. |
Signed-in accounts can read the full text of each one. All precedents.