This client was a widowed woman with one adult child. She wanted to provide for her child and his family (her grandchildren), and to also leave gifts to memorials and charities.
We prepared a trust plan for her that contained a:
- Pour Over Will;
- Financial Power of Attorney;
- Healthcare Power of Attorney;
- Advance Healthcare Directive; and
The Pour Over Will provides security in case the client misses transferring any assets into the trust. It allows the Personal Representative to “pour” any assets outside of the trust into the trust.
The Power of Attorney documents provide for the client if she is ever in a situation in which she cannot make financial or medical decisions for herself.
We prepared the Advance 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 Deed we prepared conveyed the woman’s home into her trust, so that in the event of her death, the Trustees can sell the property or distribute it to her beneficiaries.
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: