These clients were a married couple with two minor children. They wanted to provide documentation to protect their minor children and to pass their estate along to them.
They both created will plans, and each plan included a:
- Will;
- Financial Power of Attorney;
- Healthcare Power of Attorney;
- Advance Health Care Directive; and
- Disposition Instructions.
The Wills enable the clients to accomplish their goals in distributing the assets in their Estate to the people they choose. It also appoints people to act successively as Personal Representative of their Estate, to manage distribution of assets and other administrative duties.
The Power of Attorney documents will provide security 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 Wills, and we also provided the couple with letters for short term guardians and a babysitter emergency manual.
We prepared the Health Care 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.
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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
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