We will create a fully funded revocable living trust for each of you which will serve as a will substitute in order to avoid probate at both your deaths. We will also create a general durable power of attorney for each of you, which, with the revocable living trusts, will avoid the need fora guardianship in the event either of you become incapacitated during your lifetime. We would also want to provide living wills and health care powers of attorney for each of you. The living trust, when properly funded, will provide for the probate-free transfer of the assets. The distribution pattern will provide for divorce and lawsuit protected inheritances to your children. In addition, your revocable living trusts will provide a simple mechanism for you to distribute your tangible personal property in accordance with a handwritten memorandum that you may choose to prepare. We will provide you with a form of that memorandum. We will also provide you with a useful tool for preparing memorial instructions. Your revocable trust will also include a provision that is designed to fully utilize both of your applicable credits against the estate tax.