This client was a divorced woman in her thirties with cancer and one minor daughter. She wanted to provide for her minor daughter and set up a trust that could be distributed over the years.
We created a Trust plan for her that contained a:
- Pour Over Will;
- Financial Power of Attorney;
- Healthcare Power of Attorney;
- Living Will;
- Lack of Probate Affidavit;
- Babysitter Emergency Manual;
- Letters for Short-Term Guardians; and
The Pour Over Will provides in case any assets are missed being put in the trust. It allows the Personal Representative settling the estate to “pour” any assets outside of the trust into the trust.
The Power of Attorney documents are to provide for the client in the event that she is in a situation where she cannot make financial or medical decisions for herself. Guardian designations were included in the Power of Attorney documents and in the Pour Over Will, and we also provided the client with letters for short term guardians and a babysitter emergency manual.
We prepared the Health Care Directive for end of life decisions and taking the mystery out of what the client would want to happen to her if she was in a permanent vegetative state.
The Deed we prepared conveyed her home into the trust, so that in the event of her death, the Trustees could follow the specific instructions identified in 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: