These clients were a married couple. Their goals included providing for their relatives, donating to charity, and avoiding probate.

We created a trust plan for them, which included:

  • A Trust;
  • Wills;
  • Powers of Attorney for Finances;
  • Powers of Attorney for Health Care;
  • Advance Health Care Directives;
  • Disposition Instructions; and
  • A Quit Claim Deed.

The Trust enables the clients’ property to avoid probate, and directs their assets in the trust to go where they would like them to go. It also appoints a trustee to oversee management and distribution of these assets.

The Wills name people to act as personal representative of the clients’ estates, and allow the personal representative to transfer any assets into the trust,  if the clients miss transferring any during their lifetime.

The Powers of Attorney for Finances name people to manage the clients’ finances if they are ever incapacitated.

The Powers of Attorney for Health Care nominate people to manage the clients’ health care if they are unable to do so themselves.

The Advance Health Care Directives include what types of health care the clients would like if they are ever incapacitated or in a terminal condition.

The Disposition Instructions state what the clients would like to happen to their remains after they are gone.

The Quit Claim Deed transfers the clients’ interest in their real property to their trust, so it will avoid going through probate.

Estate Planning Client Profile #169 | Married Couple

April 12, 2021


Clients, Image – link