These clients were a married couple in their fifties, with two adult children and two minor children. They wanted to provide for their children and provide guardian designations for the minors in case something happened to them while their children were still minors.
We prepared a Trust plan for them. This included:
- A Trust;
- Pour Over Wills;
- Financial Powers of Attorney;
- Healthcare Powers of Attorney;
- Living Wills;
- Disposition Instructions;
- A Babysitter Manual;
- Letters to Short-Term Guardians; and
- Deeds.
The Pour Over Wills provide security in case the clients miss transferring any assets into the trust. They allow 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 couple in the event that they are in a situation where they cannot make financial or medical decisions for themselves.
Guardian designations were included in the Power of Attorney documents and in the Pour Over Wills, and we also provided the couple with letters for short term guardians and a babysitter emergency manual.
We prepared the Health Care Directives for end of life decisions and to take the mystery out of what the couple would want to happen to them if they are ever in a permanent vegetative state.
The Deeds we prepared conveyed their real property into the trust, so that in the event of their death, the Trustees could sell the properties or pass them down to their children.
