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INFORMED PRAGMATIC COUNSEL

Revocable Living Trust Plan

 

The Revocable Living Trust Plan includes the following:

  • Health Care Directives (Living Will and Health Care Power of Attorney)

  • Pourover Will (must be probated, but only if any assets missed after the execution and funding of your estate plan)

  • Durable Power of Attorney (for financial purposes)

  • Revocable Living Trust

 

It should be noted for this plan:

  • No asset protection for the parents

  • Limited planning for the children

  • No planning for Medicaid eligibility

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