LEGACY PLANNING OPTIONS

What type of legacy plan is right for you?
I offer several legacy planning options to meet your individual needs. The drop down menus below outline what is included in each plan as well as several add-on options we can use to personalize your estate plan to meet your exact needs and goals.
The WILL PLAN is designed for the family who doesn’t have a lot of assets needing to go through the court process of probate, but who have other objectives like: gifting specific heirlooms to specific people, naming permanent guardians for their children, and ensuring the right people will step into the right roles in the event of their incapacity or death. This plan also offers the opportunity to record a legacy interview to leave to your loved ones.
The TRUST PLAN is right for the family who wants total assurance that their legacy—tangible and intangible—will be passed on to their loved ones with the most ease and privacy possible. This plan includes all of the benefits of the WILL PLAN as well as a joint or separate trust and more comprehensive deliberate family planning. The TRUST PLAN also avoids/limits the court process of probate and offers several additional trust options that we can use to better protect your family, finances, and four-legged children from an uncertain future.
A comprehensive DEPENDENT STABILITY PLAN™ (DSP) is recommended for all families with minor children or adult dependents in their care. The DSP ensures your dependents remain only in the care of trusted individuals (as opposed to the authorities) no matter what happens to you. It also provides your chosen caregivers with important information and detailed instructions for how you want your children raised or your adult dependent supported in the event you are no longer able to.

WHAT TYPE OF LEGACY PLAN IS RIGHT FOR YOU?

  • Requires probate
  • Less time to draft now
  • More time to probate later (6 to 18+ months)
  • Costs less money to draft now ($1000-$2000)
  • Costs more money to probate later
  • Assets are frozen
  • Assets eventually transferred to heirs
  • No asset protection
  • Names guardians for your children
  • Effective only upon death
  • Does not include incapacity provisions
  • Not private (read publicly in court)
  • Matter of public record
  • Court supervision (possibly lengthy)
  • Less control over your estate
  • Limited deliberate family planning
  • Trust does not require probate
  • Will may require (quick) administrative probate
  • More time to draft now
  • Less time to administer later
  • Costs more money to draft now ($2000-$8000)
  • Costs less money to administer later
  • Assets are available
  • Assets transferred automatically
  • Opportunity for asset protection
  • Uses Dependent Stability Plan to name standby guardians
  • Effective immediately
  • Includes incapacity provisions
  • Private
  • No court supervision
  • Many trust add-ons available for more control over your estate
  • Comprehensive deliberate family planning

WHAT MAKES UP A LEGACY PLAN?

WILL OPTIONS

  • BASIC WILL(s)
  • TESTAMENTARY TRUST
  • WILL CODICIL

CRITICAL DOCUMENTS

  • LIVING WILL & ADVANCED DIRECTIVE
  • FIVE WISHES®
  • HEALTHCARE POWERS OF ATTORNEY
  • FINANCIAL POWERS OF ATTORNEY
  • HIPAA RELEASES
  • PROPERTY MEMO

DELIBERATE FAMILY PLANNING

  • LEGACY INTERVIEW

WILL OPTIONS

  • POUR-OVER WILL

TRUST OPTIONS

  • SEPARATE TRUST
  • JOINT TRUST
  • JOINT POUR-OVER TRUST
  • trust restatement
  • trust amendments

CRITICAL DOCUMENTS

  • LIVING WILL & ADVANCED DIRECTIVE
  • FIVE WISHES®
  • HEALTHCARE POWERS OF ATTORNEY
  • FINANCIAL POWERS OF ATTORNEY
  • HIPAA RELEASES
  • PROPERTY MEMOS

DELIBERATE FAMILY PLANNING

  • RECORDED LEGACY INTERVIEW
  • LEGACY PHOTOS & DOCUMENTS
  • FAMILY MEETING

DEPENDENT STABILITY PLAN™

  • SHORT-TERM GUARDIANSHIP
  • LONG-TERM GUARDIANSHIP
  • CONFIDENTIAL GUARDIAN EXCLUSIONS
  • INSTRUCTIONS
  • NOTIFICATION LETTERS
  • EMERGENCY CARDS
  • POWERS OF ATTORNEY
  • HIPAA RELEASE

SPECIAL TRUSTS

  • MARITAL DISCLAIMER TRUST
  • MARITAL QTIP TRUST
  • QUALIFIED DOMESTIC TRUST
  • FAMILY TRUST
  • FAMILY CREDIT SHELTER TRUST
  • GENERATION SKIPPING TRUST
  • INCENTIVE TRUST
  • SPENDTHRIFT TRUST
  • CHARITABLE REMAINDER TRUST
  • STAND ALONE RETIREMENT TRUST
  • IRREVOCABLE LIFE INSURANCE TRUST
  • QUALIFIED PERSONAL RESIDENCE TRUST
  • SPOUSAL LIFETIME ACCESS TRUST
  • DOMESTIC ASSET PROTECTION TRUST
  • HORSE TRUST
  • PET TRUST

DELIBERATE FAMILY PLANNING

  • LEGACY BOX®
  • FAMILY CHARITABLE FOUNDATION
  • FAMILY LIMITED PARTNERSHIP
  • FAMILY LLC

OTHER SERVICES

  • PRENUPTIAL AGREEMENT
  • MARITAL AGREEMENT
  • TRANSFER ON DEATH DEEDS
  • DEEDS OF GIFT
  • TRUST FUNDING
  • LEGACY SUSTAINMENT PLAN

WHAT ADD-ON OPTIONS ARE RIGHT FOR YOU?

A DEPENDENT STABILITY PLAN™ IS NECESSARY IF YOU ARE THE PARENT OF A MINOR CHILD AND…

  • You want your child(ren) to be raised by the people you choose.
  • You don’t want your child(ren) to be raised by certain people
    • Because your values differ.
    • Because they can’t afford to raise your children.
  • You want to make sure your child(ren) are raised the way you would have raised them
    • In accordance with a certain religion.
    • Connected to their heritage by learning a familial language or participating in family customs.
    • Experiencing certain experiences like traveling or playing sports.
    • Understanding and valuing money and finances.
  • You want your child(ren) to share your values but you didn’t get a chance to pass them on.

AN ADULT DEPENDENT STABILITY PLAN™ IS HELPFUL IF YOU ARE…

  • The primary caretaker of a handicapped adult.
  • The primary caretaker of an adult addict.
  • The primary caretaker of an elderly parent.

A DEPENDENT HIPAA RELEASE IS NECESSARY IF…

You have a child 18 years old or older living away from home and, in the event of a medical emergency, you want to remain informed about your child’s medical care even if your child is unconscious and cannot provide verbal or written consent to sharing HIPAA-protected information.
You have an adult who depends on you, and in the event of a medical emergency, you want to remain informed about their medical care even if they are unconscious and cannot provide verbal or written consent to sharing HIPAA-protected information. 

DEPENDENT POWERS OF ATTORNEY ARE NECESSARY IF…

You have a child 18 years old or older living away from home and, in the event of a medical emergency, you want to be able to make decisions about your child’s medical care and other matters if your child is unconscious and unable to make decisions for themselves.
You have an adult who depends on you and, in the event of a medical emergency, you want to be able to make decisions about their medical care and other matters if they are unconscious and unable to make decisions for themselves.

A SPECIAL TRUST IS A GREAT IDEA IF…

  • MARITAL QTIP TRUST – You are married and you want to provide for your spouse during their life and then for someone else after your spouse passes away.
  • MARITAL QDOT TRUST – You are married to someone who is not a US citizen.
  • FAMILY TRUST – You have a family that you want to provide for through controlled distributions.
  • FAMILY CREDIT SHELTER TRUST – You want to provide for your family while protecting your property from taxation and creditors AND/OR you are half of a blended family and you’d like to ensure your children are provided for before providing for the children of your spouse.
  • INCENTIVE TRUST – You have a beneficiary you’d like to provide for, but you want to ensure they become a productive member of society. You can require your beneficiary to meet certain criteria, like graduating college, getting married, or refraining from drug use before receiving distributions from the trust. It is an “only if…” trust.
  • SPENDTHRIFT TRUST – You have a beneficiary you’d like to provide for, but you’re worried because they are not good at managing their money, are struggling with addiction, or have some other reason you’d like to protect them from themselves. A Spendthrift Trust can provide options for limiting their access to and control of assets left to them.
  • SPECIAL NEEDS TRUST – You or one of your beneficiaries have special needs and you’d like to set money aside to help with extended care needs. 
  • MEDICAID TRUST – You want to make sure that any property you inherit or pass on does not consequentially prohibit you or your beneficiary from receiving government aid.
  • CHARITABLE REMAINDER TRUST – You want to provide for your family and then contribute to a charity with what remains while at the same time protecting your property from taxation and creditors.
  • STAND ALONE RETIREMENT TRUST – You expect to have retirement funds remaining after your death and you’d like to pass those funds on to a beneficiary (the trust will be funded after you pass with whatever is left of your retirement assets).
  • IRREVOCABLE LIFE INSURANCE TRUST – You want to protect your life insurance and other property from taxation and creditors AND/OR you have a taxable estate and you’d like to minimize your tax burden.
  • QUALIFIED PERSONAL RESIDENCE TRUST – You want to live in your home for a set period of years before gifting it to a beneficiary (during your lifetime) while also reducing the amount of gift tax incurred at the time of transfer.
  • SPOUSAL LIFETIME ACCESS TRUST You and your spouse have a large estate and a trusting relationship and you’d like to remove funds from your taxable estate while keeping them available for your spouse to use throughout their lifetime.
  • HORSE TRUST – You want to be a responsible horse owner who ensures your horse is taken care of after you die.
  • PET TRUST – You want to be a responsible pet owner who ensures your pet is taken care of after you die.
A LEGACY SUSTAINMENT PLAN IS RIGHT FOR YOU IF…
  • You don’t want to worry about whether your legacy plan is up-to-date and aligned with current law.

  • You don’t want to have to remember to have your plan reviewed and updated.

  • You want someone looking out for you and your family beyond the initial planning process.

  • You want your Successor Trustee to have a free initial consultation with me after your death.

A LEGACY BOX® IS A GREAT IDEA IF…
You have a lot of family photos (print and digital), videos (VHS and digital), audio (tapes and digital), and other documents (paper and digital) that you would like consolidated and digitized for safekeeping and to pass on to others.
A FAMILY CHARITABLE FOUNDATION IS A GREAT IDEA IF…
You want to firmly establish a  philanthropic legacy where control over the foundation and its assets can be passed to countless generations of family, perpetuating your values, continuing your charitable work, and carrying your name far beyond your lifetime. 

HAPPY CLIENTS

5/5
  • Worked with Carina for "horse stuff" - think contracts, etc. She's very responsive, and makes the process easy and transparent.

    Chase Rowan Avatar
    Chase R.

    Carina has been such a pleasure to work with as we have built and honed our training/boarding business. She is very detail oriented, kind and easy to work with. She has first hand experience in the horse industry which gives her great insight. I have found her suggestions and observations to be very helpful.

    Olivia LaGoy-Weltz Avatar
    Olivia L.

    Carina is an exceptional counselor. We share a professional relationship but she also assisted me with my own military med board claim and counseled me throughout. Her input was invaluable. I would have missed many things without her experience and expertise. She is responsive and professional as well. I highly recommend Carina.

    Jason Morton Avatar
    Jason M.
  • Carina's firm has been integral to understanding the complexities of operating an elite-level boarding and training facility. She has consistently come forward with advice, commentary, and well-cited case law that helps us navigate the complexities of a professional facility. Carina is a rarity in the legal profession both formal and reasonable at the same time she has helped us navigate the grey areas of equestrian operations with confidence, addressing risk and simultaneously minimizing overhead.

    Eliot Danner Avatar
    Eliot D.

    Carina worked tirelessly to ensure my plan was exactly how I wanted it to be for my blended family. If 2020 has shown us nothing else, it's that we don't know what the future will bring and I needed to make sure my children were taken care of personally and financially. Carina made sure of that!

    Frank Tedeschi Avatar
    Frank T.

    Carina has specialized knowledge of the equine industry and has provided me invaluable personal and professional advice. I highly recommend her to any equestrian professional seeking legal guidance. She was an instrumental part of my initial business setup. She carefully prepared my liability release forms and boarding, training, sales, and shipping contracts. Now she's working with me on horse syndication. Her expertise and diligence give me such peace of mind. With her support, I was able to focus on the many other aspects of my new endeavor.

    Lisa Hellmer Avatar
    Lisa H.
  • Carina took wonderful care of me. I had an estate plan already in place, but when COVID-19 hit, I got worried that it wasn't up-to-date—and it WASN'T. Carina dedicated plenty of time to go over my changes and built me a new, comprehensive estate plan, including my will, trusts, powers of attorney, HIPAA releases, etc. Her attention to detail is incredible. She made sure to protect me from every eventuality to ensure my estate is left to my loved ones exactly the way I want it to be.

    Susan Norman Avatar
    Susan N.
202-599-5960