These clients worked hard their whole lives to earn their retirement and their goal was to enjoy it! But before sailing off into the rest of their lives, they needed a plan to make sure their child wouldn’t have any trouble managing things for them if they were no longer able to do so for themselves. They had managed to consolidate most of their property into just a couple of assets, but they needed help getting those assets to their child if they were to pass away.

Based on their needs they chose to do the foundational package, which includes:

– Wills;
– Powers of Attorney;
– Medical Powers of Attorney;
– Health Care Directive;
– Disposition Instructions; and
– Transfer on Death Deed

The Will names a personal representative (i.e. executor) of the clients’ estates.

The Power of Attorney names people to manage the clients’ finances if they are ever incapacitated.

The Medical Power of Attorney nominates people to manage the clients’ health care if they are unable to do so themselves.

The Health Care Directive tells the client’s Medical Power of Attorney what to do if they are in a vegetative state (i.e. pull the plug or not).

The Disposition Instructions state what the clients would like to happen to their remains after they are gone.

The Transfer on Death Deed is basically a beneficiary designation for your house. It allows you to transfer real estate without probate while also not needing a trust.

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