These clients were a married couple, both with children from previous relationships. They wanted to create a trust to ensure that their children would receive equal shares of their combined estate. They also wanted to create a special needs trust for one of their sons.
We created a Trust plan for them that included:
- A Trust;
- Pour-Over Wills;
- Financial Powers of Attorney;
- Healthcare Powers of Attorney; and
- Living Wills.
The Trust enables the clients to accomplish their goals in providing for their children.
The Pour Over Wills provide security in case the client miss transferring any assets into the trust. They allow 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 Living Wills 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
And, if you know you just want to talk, click the link below to schedule a free strategy session with us:
