These clients were a married couple with one minor child. Their goals were to avoid probate and provide for their child.
We created a trust plan for them, which included:
- A Marital Deduction Trust;
- Powers of Attorney for Assets;
- Powers of Attorney for Health Care;
- Advance Health Care Directives; and
- Disposition Instructions.
The Trust enables the clients to accomplish their goals with their estate.
The Wills name people to act as Personal Representative of the estate, in case they miss transferring any assets into their trust during their lifetime.
The Powers of Attorney for Assets appoint people to manage the clients’ assets if they are ever incapacitated.
The Powers of Attorney for Health Care nominate people to manage the clients’ health care if they are unable to do so themselves.
The Advance Health Care Directives include what types of health care the clients would like if they are ever incapacitated or in a terminal condition.
The Disposition Instructions state what the clients would like to happen to their remains after they are gone.
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: