These clients were an unmarried couple who lived in Idaho, that had adult children from previous relationships.
We created a Trust plan for them to allow their estate to be passed to each other and then their children in the event of their death. The Trust Plan included:
- A Trust;
- Pour Over Wills;
- Financial Powers of Attorney;
- Healthcare Powers of Attorney;
- Advance Healthcare Directives; and
- A Deed.
The Trust enables the clients to accomplish their goals in distributing their assets, and appoints a Trustee to oversee this.
The Pour Over Will provide security in case any assets are missed being put in the trust. It allows the Personal Representative to “pour” any assets outside of the trust into the trust.
The Power of Attorney documents are to provide for the client if they are ever in a situation in which they cannot make financial or medical decisions for themselves.
We prepared the Advance Healthcare Directive for end of life decisions and to take the mystery out of what the clients would want to happen to them if they were in a permanent vegetative state.
The Deed we prepared conveyed the clients’ home into their trust, so that in the event of their death, the Trustees can sell the property or distribute it 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: