These clients were a married couple, and the husband had a son from a prior relationship. Their primary goals were to provide for each other, as well as the husband’s son and the wife’s family.
We created a trust plan for them, which included:
- An A/B Trust;
- Powers of Attorney;
- Medical Powers of Attorney;
- Health Care Directives;
- Disposition Instructions; and
The A/B Trust allows the clients to have their assets distributed in the manner in which they wish, while creating the best option for them to work with the state and federal estate tax exemption limits.
The Wills provide security in case the clients miss placing any assets in the Trust.
The Powers of Attorney name people to manage their finances and property if they are ever in a state in which they cannot do so themselves.
The Medical Powers of Attorney designate individuals to manage their health care if they are unable to do so themselves.
The Health Care Directives detail the types of health care the clients desire if they are ever in a permanent, vegetative state.
The Disposition Instructions state what the clients would like to happen to their remains after they are gone.
The deeds transfer the clients’ real property into their trust, so it can be distributed through trust administration in the manner they describe 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: