These clients were a married couple with two children from a previous marriage. They wanted to prepare their estate for their children.
We created a Dynasty Trust Plan. This included a:
- Pour-Over Will;
- Financial Power of Attorney;
- Healthcare Power of Attorney;
- Healthcare Directive; and
- A Deed.
The Dynasty Trust enables the clients to accomplish their goals in caring for their children.
The Pour Over Will provides security in case the clients miss transferring any 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 the clients’ property into the trust, so that in the event of their death, the Trustees can sell the property 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: