These clients were a married couple in their sixties and seventies, with two adult children. It was important to them to leave their property to their children.
We created a will plan for each them, which included a:
- Power of Attorney for Finances;
- Power of Attorney for Health Care;
- Health Care Directive; and
- Disposition Instructions.
We additionally created a transfer on death deed for their residence.
The wills enable them to leave their property to their children in the manner they wished to do so, and to designate individuals to act as personal representative of their estate.
The Power of Attorney documents allow them to name people they wish to take care of managing their property and personal affairs if they are ever incapacitated.
The Power of Attorney for Health Care documents designate individuals to manage their health care and carry out their wishes if they are ever in a state in which they cannot do this themselves.
The Health Care Directives state the clients’ wishes in regard to what they would like to happen to them if they are ever in a permanent vegetative state.
The Disposition Instructions state how the clients would like their remains to be left after they are gone.
The transfer on death deed allows their property to automatically pass to their named beneficiaries upon their death, and eliminates the need for the property to go through probate.
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: