A couple has asked you to make some suggestions about their estate planning needs. They fully appreciate you are not a lawyer but also know you have some understanding of the things they need to consider and the solutions available to achieve their goals. Which is to ensure that the lifestyle of the survivor is maintained should one partner pass away, maintain family assets and minimize taxation at death (including probate) but not at the expense of their other goals;

They want you to:

Identify and fully explain 3 different things they can do with a Will that will achieve their planning goals.

Power of Attorney for personal care and power of Attorney for property, identify what they are, what they do and why these clients might need them.

Answer rating: 100% (QA)

1 Joint Will A joint will is a single will that is created by a couple usually married or in a longterm committed relationship This type of will is designed to ensure that the surviving partners lifes... View the full answer