We created this estate plan for a single man who did not have children. His goals were to create a medical power of attorney, health care directive, and will. He additionally wanted to ensure his dog was provided for, and wanted to leave his estate to specific charities to work toward specific causes.
We created a will plan for him, which included a:
- Power of Attorney for Finances;
- Power of Attorney for Health Care;
- Advance Health Care Directive;
- Disposition Instructions; and
- Transfer on Death Deed.
The Will enables him to designate where he would like his property to go and in what manner, and to leave specific gifts to specific people and charities.
The Power of Attorney for Finances allows him to designate people to manage his property and personal affairs if he ever is in a state in which he cannot do so himself.
The Power of Attorney for Health Care names individuals he would like to manage his health care wishes if he is ever unable to do this himself.
The Advance Health Care Directive states what his wishes are for his health care if he is ever in a permanent vegetative state.
The Disposition Instructions include what he would like to happen to his remains after he is gone.
The transfer on death deed allows his property to pass to the person he chose to leave it to at the time of his death without the need to go through probate, and to leave it to them without any outstanding mortgage balance or other associated debts.
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: