This client was a single, retired woman with two adult children. She wanted to create a trust so that her estate could be distributed to her children in thirds at specific ages. We created a Trust plan for her, which included a:
- Pour Over Will;
- Financial Power of Attorney;
- Healthcare Power of Attorney; and
- Living Will.
The Pour Over Will provides backup in case she misses putting any assets in the trust. It allows the personal representative, or trustee settling the estate, to “pour” any assets outside of the trust into the trust.
The Power of Attorney documents are to provide for the client in case she finds herself in a situation where she cannot make financial or medical decisions for herself.
We prepared the Health Care Directive for end of life decisions and to take the mystery out of what the client would want to happen to her if she was in a permanent vegetative state.
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: