This client was an unmarried, elderly man with two adult children.
He wanted to set up asset protection for his daughters.
We prepared a Trust plan for him that contained a:
- Trust;
- Pour Over Will;
- Financial Power of Attorney;
- Healthcare Power of Attorney; and
- Advance Healthcare Directive.
The Trust enables the client to accomplish his goals in providing for his daughters. It also designates people to act as Trustee of the Trust.
The Pour Over Will provides 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 for the client if he is ever in a situation in which he cannot make financial or medical decisions for himself.
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 him if he is ever in a permanent vegetative state.
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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):
https://cmslawfirm.com/foundation
And, if you know you just want to talk, click the link below to schedule a free strategy session with us:
