This client was a single mother who had two minor children, and her family lived overseas.
Her goals were to avoid probate, make charitable gifts, and provide for her kids.
We created a trust plan for her, which included a:
- Power of Attorney for Minors;
- Power of Attorney for Health Care for Minors;
- Power of Attorney;
- Power of Attorney for Health Care;
- Advance Health Care Directive;
- Disposition Instructions; and
- Quit Claim Deed.
Their trust enables her to give their assets to their children they way she would like to, and to provide for her children throughout their lives.
Their wills allow her to designate guardians for her children to care for them if they pass away when her children are still minors.
Their financial power of attorney documents provide designations in regard to who will manage her finances if she becomes incapacitated, but are still living.
Their medical power of attorney documents designate who she chooses to manage her health care if her health prevents her from doing so herself.
Their health care directives include instructions in regard to any end-of-life decisions, and state what the woman would like to happen to her if she is ever in a permanent vegetative state.
Their disposition instructions identify what she would like to happen to her remains after she passes away.
The deed transfers her real property into her trust, which causes the trust to be the legal owner while the clients still have control over it as trustees of 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: