Trusts
Most trusts used in estate planning refer to a revocable living trust, meaning they may only be modified, amended, or revised during the Settlor’s lifetime, unless he or she is incapacitated or incompetent. Upon the death of the Settlor, however, a revocable trust becomes an irrevocable trust and may not be changed, subject to certain exceptions. Testamentary trusts are created in a will and are effective upon the death of the decedent who made the will, known as the Testator if male or Testatrix if female.
The Caring Family Trust©
Mr. Posey was the creator of The Caring Family Trust©, a complete estate planning package containing every legal document needed for health care, management of property (even during disability), and the transfer of assets upon death for most families — all without the intervention of the courts.
Along with the 30 to 50-page revocable trust, the Caring Family Trust© also contains the following documents:
- “Pour-over” Will
- Memorandum of Trust
- Assignment of Personal Property
- Durable Power of Attorney
- Durable Special Power of Attorney
- Advance Directive for Health Care
- HIPAA Waiver and Release
- Deeds to convey real property and mineral interests
- Asset Location Log
- Resource Professional List
Please call 405-789-4611 for a free 45-minute consultation to learn more about the Caring Family Trust© and how such a trust might serve your family.