This client was an unmarried woman with three adult children. She wanted to provide specific distribution instructions to pass her estate on to her children, family, and friends.
We created a Trust plan for her that contained a:
- Pour Over Will;
- Financial Power of Attorney;
- Healthcare Power of Attorney;
- Living Will; and
The Trust allows the client to accomplish her goals with her assets, and appoints people to act as Trustee to manage the assets held in trust or distributed to heirs.
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 security and nominate people to act for the client in the event that she cannot make financial or medical decisions for herself.
We prepared the Living Will for end of life decisions and to take the mystery out of what the client would want to happen to her if she was in a permanent vegetative state.
The Deeds we prepared conveyed the client’s properties into the trust, so that in the event of her death, the properties can be passed onto her children through the Trust or sold by the Trustee.
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: