These clients were a married couple with two adult children. They wanted to provide for their children and hold their assets in a trust until their children were old enough to handle funds.
We created a Trust Plan for them that contained:
- A Trust;
- Pour-Over Wills;
- Financial Powers of Attorney;
- Healthcare Powers of Attorney;
- Healthcare Directives; and
- A Deed.
The Trust allows the clients to provide for their children and protects their assets.
The Pour Over Wills provide security in case the client misses transferring any assets into the trust. It allows the Personal Representative settling the estate to “pour” any assets outside of the trust into the trust.
The Power of Attorney documents provide security for the couple if they are ever in a situation in which they cannot make financial or medical decisions for themselves.
We prepared the Healthcare Directive for end of life decisions and to take the mystery out of what the couple would want to happen to them if they are ever in a permanent vegetative state.
The Deed we prepared conveyed the clients’ property into the trust, so that in the event of their death, the Trustees can sell the property or pass it down to their children.
Need estate planning help but not sure where to start? Click the link to check out this free presentation I put together that will answer all your questions (it’s basically the talk I give at potential client strategy sessions):
And, if you know you just want to talk, click the link below to schedule a free strategy session with us: