These clients were a married couple with four minor children. They wanted to provide for their children and put their property from other counties into a trust to be passed to their children.
We prepared a Trust Plan for them. This included:
- A Trust;
- Pour Over Wills;
- Financial Powers of Attorney;
- Healthcare Powers of Attorney;
- Living Wills;
- Letters to Short-Term Guardians;
- A Babysitter Emergency Manual; and
- A Deed.
The Trust allows the clients to accomplish their goals for their properties and caring for their children.
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.
Guardian designations were included in the Power of Attorney documents and in the Pour Over Will, and we also provided the couple with Letters to Short-Term Guardians and a Babysitter Emergency Manual.
The Deed we prepared conveyed the clients’ home into their trust, so that in the event of their death, the Trustees can sell the house or pass it down 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: