REVOCABLE LIVING TRUSTS AND ANCILLARY DOCUMENTS
We will create a fully-fundedrevocable living trust for each of you which will serve as a willsubstitute in order to avoid probate at both your deaths. We will also create a general durablepower of attorney for each of you, which, with the revocable living trusts, will avoid theneed fora guardianship in the event either of you become incapacitated during your lifetime. We wouldalso want to provide living wills and health care powers of attorney for each of you. The livingtrust, when properly funded, will provide for the probate-free transfer of the assets. Thedistribution 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 distributeyour tangible personal property in accordance with a handwritten memorandum that you maychoose to prepare. We will provide you with a form of that memorandum. We will also provideyou with a useful tool for preparing memorial instructions. Your revocable trust will alsoinclude a provision that is designed to fully utilize both of your applicable credits against theestate tax.