This client was a single man with no children. His goals included providing for his family and ensuring his real property would go to the people he wanted to give it to.
We created a trust plan for him, which included a:
- Trust;
- Will;
- Financial Power of Attorney;
- Medical Power of Attorney;
- Advance Health Care Directive;
- Disposition Instructions; and
- Quit Claim Deed.
The Trust allows the client to leave his estate where he would like it to go. It also names trustees to manage distributions and trust assets.
The Will names people to act as Personal Representative of the Estate. They will be able to transfer any assets into the trust after the client’s death if the client misses transferring any during his lifetime.
The Financial Power of Attorney names people to manage the client’s finances if he is ever unable to do so during his lifetime.
The Medical Power of Attorney states who the client would like to manage his health care if he is unable to do so himself.
The Advance Health Care Directive includes instructions about what types of health care the client would like if he is ever incapacitated or in a terminal condition.
The Disposition Instructions include direction about what the client would like to happen to his remains after he is gone.
The Quit Claim Deed transfers the client’s real property ownership interest into the Trust, so it will avoid passing through probate.
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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:
