This estate plan was created for a single woman, with two adult children. She had specific instructions on how she wanted the sale of her home and estate to be handled.
We created a trust plan for her so we could include instructions in regard to her home, and a testamentary trust for her children.
Her plan included a:
- Pour Over Will;
- Financial Power of Attorney;
- Healthcare Power of Attorney;
- Living Will; and
The Pour Over Will provides for any assets that the client may miss transferring into the trust. It allows the Personal Representative to “pour” any assets outside of the trust into the trust.
The Power of Attorney documents provide for the client if she is ever unable to 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.
The deed we prepared conveyed her home into the trust, so upon her death the Trustee will follow the specific instructions to handle the sale of her home identified in the trust.
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: