You represent Harold and Maude, ages 85 and 83 respectively. You have prepared t
ID: 365407 • Letter: Y
Question
You represent Harold and Maude, ages 85 and 83 respectively. You have prepared their estate plans. Each plan includes a durable power of attorney, health care proxy and will, in which t each name each other as their agent or executor. In addition, each plan names their only child, Marsha, as their alternate agent or executor. Marsha, age 53, comes to you with her husband, Max, age 56, asking that you prepare their estate plans. Marsha and Max have two children ages 22 and 25. How do you respond to Marsha and Max's request for your representation?Explanation / Answer
Estate Planning is the drafting of documrnts in which client's property estate attorney is mentioned. There are different kind of estate such as Health care proxies, Will and power of attorney etc.
Estate planning of Harold and Maude ages are 85 and 83 respectively.In each of the power oof attorney, each other name are mentioned as an agent or Executor.
Estate planning Framework Representation :
1). Principal' Info.: Name : harold Name: Maude
Age of Principal's 85 83
2) Principal contact Information: Street address........... , City:........, State:........, Phone No. ...........
3) Agent's Information : First agent in Harold estate plan : Maude and second Agent is Marsha
First Agent in MAude estate plan : Harold and Second Agent is Marsha
4). Agent's Contact Information: Street address........... , City:........, State:........, Phone No. ...........
5). Successor ( Harold) agent's Name: Maude Relationship with successor's Agent: Husband/ spouce.
Successor( Maude) Agent's Name: HAROLD Relationship with successor's Agent: Wife/ spouce
6). Second Successor's Agent's Name in both estate : MARSHA Relationship: PARENTS
7). Limitation on Agent 's Authority : OPTIONAL
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