[WSBAPT] Future Gifts and Possible Future Incapacity

[Paul Grant]

I put in a "special agent" for gifts that are going to the agent - the
special agent would approve the gift to the agent but the agent can still
make gifts to all others.  It creates a paper trail of a neutral party
looking at the gifting scheme and authorizing the agent to take the gift.


Paul H. Grant - JD, LL.M

Planning with Purpose, Inc
Lynnwood, WA 98036
425-939-9948
www.planningwithpurposeinc.com

Estate Planning. Business Planning. Wealth Succession.

On Fri, May 22, 2015 at 11:43 AM, Paul Neumiller <pneumiller at hotmail.com>
wrote:

> Listmates (who are still around): Please assume that estate planning
> client has capacity to sign estate planning documents at this time.  Client
> wants to make future gifts of money to children that will take place in the
> next couple of years but I am concerned that she might not have capacity
> then.  One of the children has a Durable Power of Attorney that is
> effective immediately but the child is one of the intended recipients of a
> gift of money.  I am hesitant for the child to use the DPOA because it
> smacks of self-dealing and breach of fiduciary duty.  Is there some
> document (or modification to her revocable trust) that the client can sign
> now to show a pattern/intention to make future gift so the child with the
> DPOA is relatively safe to make the gifts in the future if necessary.
>   Thanks for your ideas and input.
>
>
>
> _______________________________________________
> WSBAPT mailing list
> WSBAPT at lists.wsbarppt.com
> http://mailman.fsr.com/mailman/listinfo/wsbapt
>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbapt/attachments/20150522/ab2eb1be/attachment.html>