These clients came in with a similar goal to what many people have: to leave their estate to their children and to provide their children with specific instructions for their care.
They are a married couple in their late fifties, with three children all over the age of eighteen. They do not own a lot of assets, so their total estate is under the approximately two million dollar Washington State tax exemption cutoff.
We created a Will plan for both the husband and wife, containing a:
- Will;
- Power of Attorney;
- Healthcare Power of Attorney; and
- Health Care Directive.
This worked well for this couple as because they do not have a lot of assets, a simple probate would be cost efficient and easy for their children to manage. The Will also designated that their entire estate be passed to their children.
The Power of Attorney documents provided the couple with designations for individuals to take care of them in case they become incapacitated.
We prepared the Health Care Directive for end of life decisions, and to take the mystery out of what the couple would want to happen to them if they were in a permanent vegetative state.
This couple left our office with peace of mind, knowing that they executed the best documents for their specific situation to properly meet their intentions and goals, that their property and their health care would be taken care of as they desired, and that their children would be provided for.
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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:
https://cmslawfirm.com/strategysession
