Estate Planning

Assisted young couple to create and implement simple estate plan and real estate holding company.  Shortly after the birth of the first child, this couple wanted to insure that the child would receive funds to cover living, healthcare and educational expenses, but wanted a trusted family member to control the investment and management of the modest funds until such time as the child matured.  In addition, the couple recently purchased an investment property, which they intended to rent out and wanted to limit their exposure to liabilities on the property.  DeAngelis Legal reviewed the alternatives and prepared a revocable trust, wills, financial and healthcare powers of attorney, living wills, last instructions and deed transferring their personal residence to the trust and a limited liability company to purchase the investment property.