These clients were a married, female couple with no children.
They wanted to leave their estates to each other and provide distributions to charities, family and friends. They also wanted to include protection for their businesses.
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 enables the clients to accomplish their goals in distributing their assets and protecting their businesses.
The Pour Over Will provides security in case the clients miss 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 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 their property into the Trust, so that in the event of their death, the Trustees can sell the properties and distribute the funds to the 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: