These clients came to us in great need for an update to their estate plan. With one client already in assisted living, we moved quickly to ensure their estate plan would accomplish what they wanted, giving their children the ability to care for them and giving them the peace of mind that everything they had built together would pass smoothly to their loved ones.

Based on their needs they chose to do the foundational/trust/tax trust package, which includes:

– Wills;
– Powers of Attorney;
– Medical Powers of Attorney;
– Health Care Directive;
– Disposition Instructions; and
– Transfer on Death Deed

The Will names a personal representative (i.e. executor) of the clients’ estates.

The Power of Attorney names people to manage the clients’ finances if they are ever incapacitated.

The Medical Power of Attorney nominates people to manage the clients’ health care if they are unable to do so themselves.

The Health Care Directive tells the client’s Medical Power of Attorney what to do if they are in a vegetative state (i.e. pull the plug or not).

The Disposition Instructions state what the clients would like to happen to their remains after they are gone.

The Transfer on Death Deed is basically a beneficiary designation for your house. It allows you to transfer real estate without probate while also not needing a trust.

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