Q: What would happen to your kids if you didn’t come home?
Q: What would happen to your assets if you didn’t come home?
Q: What would happen if you became incapacitated in an accident?
It is recommended that you work with an attorney to customize an estate plan for you, which utilizes some of the following options (see table below):
- Financial Durable Power of Attorney
- Healthcare Durable Power of Attorney
- Healthcare Directive
- Last Will & Testament
- Revocable Living Trust (RLT)
- Asset Protection Trust
- Children’s Legal Care Plan℠
- Special Needs Trust
- Business Succession Planning
| Age | Fact Situation: | Options |
|---|---|---|
| 25 | You are not married, you have no children, and you have only modest assets. | Basic: 1-3 Advan.: 4-9 |
| 35 | You are married and you have three children. | Basic: 1-4 Advan.: 5-9 |
| 50 | You are married and your married daughter has just informed you that she and her husband may need to file bankruptcy because the business he owned before they were married is failing. | Basic: 1-6 Advan.: 7-9 |
| 55 | You are married and you have an adult disabled child on Medicaid and the child receives Social Security Income. | Basic: 1-5, 8 Advan.: 6, 9 |
| 60 | You are single and you have no children and your parents have failing health. | Basic: 1-5, 8 Advan.: 6, 9 |
| 75 | You are single, you have modest income and assets, you live with one of your children, & you have done no legal planning. | Basic: 1-4, 6 Advan.: 5, 8, 9 |