This client was an unmarried, single woman with one minor child. She wanted to provide for her daughter and fund her property and assets into the trust to avoid probate.
We created a Trust Plan for her that contained a:
- Pour Over Will;
- Financial Power of Attorney;
- Healthcare Power of Attorney;
- Living Will; and
The Trust enables the client to accomplish her wishes in caring for her child, as well as to avoid probate.
The Pour Over Will provides security in case the client misses transferring any assets into the trust. It allows the Personal Representative, or Trustee, settling the estate to “pour” any assets outside of the trust into the trust.
The Power of Attorney documents are to provide for the client in the event that she is in a situation where she cannot make financial or medical decisions for herself.
We prepared the Healthcare Directive for end of life decisions and to take the mystery out of what the client would want to happen to her if she is ever in a permanent vegetative state.
The Deeds we prepared conveyed her properties into the trust, so that in the event of her death, the properties can be passed onto her children through the Trust or sold by the Trustee.
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: