This client was a widowed woman with two minor children. She wanted to create a trust plan that held her estate in trust until her children were old enough to handle their own finances.
We created a trust plan for her that contained a:
- Pour Over Will;
- Financial Power of Attorney;
- Healthcare Power of Attorney;
- Living Will; and
The Pour Over Will provides security if the client misses transferring assets into the trust. It allows the Personal Representative of the estate to “pour” any assets outside of the trust into the trust.
The Power of Attorney documents provide for the client if she is ever in a situation where she cannot 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 like to happen to her if she is ever in a permanent vegetative state.
The deed we prepared conveyed her house into the trust, so that in the event of her death, the Trustees could sell the property or pass it down to her children.
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: