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STS Program Set-up & Activation
Introduction (Total estimated completion time of all tasks: 44 hrs)
Navigating this course
What to expect from this E-Learning Course (10 min)
Create an Account on the Client Portal
Link to your personalized shared OneDrive folder
Install Free Software Utilities
Project Development Timeline
Oaths of Confidentiality Agreements with Us
Establish contracts and Oaths of Confidentiality
STS Activation - Preparation (Total estimated completion time: 9.65 hrs)
NOTES about this section
Binder Review of Trust 1, LLC1, Trust 2, any additional LLC's
Sign all required pages in both binders
For CANADIANS ONLY: File for a TN with Canada Revenue Agency
Email a copy of the T3 Trust Account Number confirmation to the Registered Agent
Review current wills and other beneficial designations
Tag and remove pages to be notarized and complete "as evidenced by" with ID
Complete Schedules B1-B7
Download the file in Section 6, "Suggested Income Sources for B-7".
Complete B7's for EACH income source.
Complete Schedule D2 Trust 1; Bequeath Trust Certificates
Complete Minute Order # 7; Successor Trustees
Notify Successor Trustees of their appointments
Complete INVALIDATING PREVIOUS WILL AND TRUSTS from CD Trust Binder 1
Get all required documents notarized as soon as possible
Replace notarized pages into binders
File the protection Liens
Record the filing confirmation in the appropriate binders
Prepare and File Vehicle Liens at DMV or Registrar
File pages into binders
Invalidate all previous wills and beneficial designations.
Destroy all old copies of wills
Third Party Appointments for Trust 1, LLC, and Trust 2 (Total estimated completion time: 4.0 hrs)
Email or upload a copy of the STS CD to your Shared Client Folder
Appoint the Trustees
Appoint the Managers
Appoint the Administrators
Appoint third party Contractors
Produce minute orders
File in the relevant binders
Banking Setup - Trust 1 (Total estimated completion time: 3.8 hrs)
Preparing your Trust 1 Banking Documents
Book appointment with bank
Open account at bank
Make first deposit
Set up telephone and web banking links
Create filing system for bank accounts
Produce minute order about bank accounts; file in the binder
Set up EFT payments for Trustees, Managers, administrators, etc.
Produce minute order about EFT's; file in the binder
Banking Setup - LLC / CCPC (Total estimated completion time: 3.8 hrs)
Preparing your LLC Banking Documents
Book appointment with bank
Open account at bank
Make first deposit
Set up telephone and web banking links
Create filing system for bank accounts
Produce minute order about bank accounts; file in the binder
Set up EFT payments for Trustees, Managers, administrators, etc.
Produce minute order about EFT's; file in the binder
IT - Software Set-up for Administering the Trust (Total estimated completion time: 5.5 hrs)
Install TaxBot - Trip & Expense Tracking software
Sign up for Nord VPN and Proton Mail to secure your internet communications
Install Primo PDF file creator
Install KeePass password manager software
Install Join.me and Skype video conferencing applications
Create Filing System on computer hard drive
Subscribe, install, and set up of Office 365 ($7-$10/mo.)
Miscellaneous Tasks (Total estimated completion time: 10.75 hrs)
Photograph digitally ALL the physical assets pledged to the Trust
Itemize the assets in the STS Inventory database (in development)
Scan and digitally archive Binder Documents
Submit expense reimbursement form to Trust 1 for the cost of the STS Program
Submit expense reimbursement form to Trust 1 for the cost of the STS Set-up Service
What's Next?
STS Program - Management & Maintenance
Sign up for Nord VPN and Proton Mail to secure your internet communications
Visit
www.vpn.assetpro.ca
for more details.
Expected time to complete:
0.50 hrs
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