$1.$ The Normal$$s need an Estate Plan. Please recommend the basic documents and entities they should consider putting into place. Discuss the reasoning behind your recommendations.

$2.$ For each asset on their balance sheet, please identify $$how$$ it should be owned. Include, where appropriate, the beneficiary for each asset.

$3.$ Assuming they purchased a $$5,000,000$ life insurance policy on Ned and a $$5,000,000$ policy on Nelly, please identify how each policy should be owned and who to name as beneficiary$($ies$).$

$4.$ Additionally, assume that Ellie, their $10$th Grader has special needs and will be unable to live independently as an adult. What special planning or accommodation should they make for Ellie?