This client was a divorced man with two adult children. He wanted to provide for his children and create a trust to be distributed once they reached the age of 25.
We created a Trust plan for him that contained a:
- Pour Over Will;
- Financial Power of Attorney;
- Healthcare Power of Attorney;
- Living Will; and
The Trust details how the client would like his assets distributed, and allows him to accomplish his goals in providing for his children.
The Pour Over Will provides security in case the client misses transferring any assets into 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 he is in a situation where he cannot make financial or medical decisions for himself.
We prepared the Health Care Directive for end of life decisions and to take the mystery out of what the client would want to happen to him if he is ever in a permanent vegetative state.
The Deed we prepared conveyed his home into the trust, so that in the event of his death, the property could be passed on to his children through 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: