 WHY
ALL TRUSTS ARE NOT CREATED EQUAL
Basic Emergency Medical/Legal Documents:
The Basics consist of up-dating or preparing the basic legal and medical emergency
documents, including the following:
- Will (effective in all states)
- Living Will (effective in all states)
- Instruction Letter to Physician re: Living Will
- Durable General Power of Attorney (effective in all states)
- Custodial Letter re: Durable General Power of Attorney
- Health Care Power of Attorney (effective in all states)
- Statement of Wishes Forms (may be included with Trust)
- Tangible Personal Property Lists for Special Bequests (may be included with Trust)
- Wallet Emergency Information Cards
- Emergency Authorization Documents for Minor Children or Grandchildren
- Document Location Worksheet
- Confidential Certificate of After-Death Instructions
Purpose & Advantages of Basic Documents
- Provide basic legal and medical emergency decision making
- Provides for care of minor or incapacitated adult children in the event of death
- Provides for basic distribution of assets upon death
- Avoid or minimize family disputes
- Enables emergency medical decisions without going to court
- Identifies intended medical decision makers if court action is unavoidable
Appropriate both with a Trust and alone for small and very simple estates
Revocable Living Trust. Preparation (or amendment in entirety) of a Revocable Living
Trust with multi-generation Dynasty Trust provisions, including the following:
- ABQD Provisions for married couples
- One original Trust document
- Two original Abstracts of Trust
- Two original Certificates of Power and Authority
- Schedule of Assets Transferred to Revocable Trust
- One Bill of Sale for household goods
- One Omnibus Transfer
- One Assignment of Employment Benefits
- One Deed for a residence (recording costs not included)
- Letters of Instruction
- Applicable Schedules and attachments
Purpose & Advantages of Revocable Living Trust
- Avoid Probate (based upon you making sure the Trust is fully funded)
- Avoid Guardianship and Conservatorship Proceedings
- Reduce Estate Taxes (for married couples)
- Help Preserve Privacy
- Protect your children, grandchildren and other descendants from aggressive in-laws,
unfair creditors, catastrophic medical expenses, probate, estate taxes, and generation
skipping taxes
- Establish security for your bloodlines for generations
- Provide Mechanism to Avoid and/or Resolve Conflict
- Facilitate the integration of your estate plan
- Provide a lasting positive legacy with the tools to turn the inheritance into a
blessing rather than a curse
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