These clients were a married couple with two adult children. Their goals were to protect their kids in case anything happened to them.
We created a trust plan for them, which included:
- A Trust;
- Powers of Attorney for Finances;
- Powers of Attorney for Health Care;
- Advance Health Care Directives;
- Disposition Instructions; and
- A Quit Claim Deed.
The Trust enables the clients to accomplish their goals in providing for their children.
The Wills name a personal representative to act if the clients miss transferring any assets into their Trust during their lifetime.
The Powers of Attorney for Finances designate people to manage the clients’ assets if they are ever incapacitated.
The Powers of Attorney for Health Care nominate people to manage medical care for the clients if they are ever incapacitated.
The Advance Health Care Directives state what type of health care the clients would like if they are ever permanently incapacitated or in a terminal state.
The Disposition Instructions state what the clients would like to happen to their remains after they are gone.
The Quit Claim Deed transfers the clients’ real property into their Trust, so it will avoid probate and be distributed or used as they wish.
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: