Someone show me how smart you are !!!!

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AJFAJF
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Someone show me how smart you are !!!!

Postby AJFAJF » Sat Nov 24, 2012 6:50 pm

Okay I have to determine which documents will best fit my clients needs and draft them... (Estate Planning)

Here is the example:

Sally Superstar is an intelligent 65 year old woman in good health. She is also very wealthy. Sally has two children and unfortunately both have different problems. Sally's oldest child, Gary was very much affected by all her time on the road as a performer. Sally really wasn't around when Gary was growing up and he got himself into trouble. He has an alcohol an drug problem which he says is now under control. He also does not do well with money as he likes to gamble Sally is concerned about Gary even though he is now 34. She would like to give him some of her money however she does not want him to be able to control it.

Sally's younger son, Jacob has down syndrome. The condition is pretty severe. He needs constant care. She does not wish to put him in an institution but would rather have him cared for at home She pays providers for his care and he has several types of medications that he must take as he is also a diabetic. She would like to put some money away for him so he can be cared for during his life. He is not able to control money due to his disability.

Sally also is concerned that she may have to pay some of her fortune to some creditors due to some bad investments so she needs to set something in motion as soon as possible to protect the money for her children. She also has no interest in serving as the person who controls these funds for her children as she is often out of town. She would like her friend, Cathy Caretaker to be in control of these monies as she has often helped her with her sons and has been a friend of the family for years.


Determine what would be the best vehicle to use to address Sally's concerns. Draft those documents in a form that meets our state's requirements.

I was thinking a Spend Thrift Trust for Gary (the gambler) and a Special Needs Support Trust for Jacob (down syndrome) with Cathy as the trustee. Is this the best way to go about doing this? Also, if so are there any sites that have good examples of forms that I could use???

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dietcoke0
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Re: Someone show me how smart you are !!!!

Postby dietcoke0 » Sat Nov 24, 2012 7:30 pm

Why do you want us to do your homework?

AJFAJF
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Re: Someone show me how smart you are !!!!

Postby AJFAJF » Sat Nov 24, 2012 7:38 pm

dietcoke0 wrote:Why do you want us to do your homework?


I didn't ask you to do my home work. The homework involves me drafting the documents. I'm just not certain that these are the only 2 documents that I should use. I'm pretty sure they are... Just thought someone might know.

NotMyRealName09
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Re: Someone show me how smart you are !!!!

Postby NotMyRealName09 » Sun Nov 25, 2012 1:08 am

You sound like an asshole. You didn't say please or thank you, which are things normal people say when asking for help. I hope no one helps you.

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rinkrat19
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Re: Someone show me how smart you are !!!!

Postby rinkrat19 » Sun Nov 25, 2012 1:11 am

AJFAJF wrote:
dietcoke0 wrote:Why do you want us to do your homework?


I didn't ask you to do my home work. The homework involves me drafting the documents. I'm just not certain that these are the only 2 documents that I should use. I'm pretty sure they are... Just thought someone might know.
Pretty sure determining which documents to use is part of the homework.

kingofdara
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Re: Someone show me how smart you are !!!!

Postby kingofdara » Sun Nov 25, 2012 1:18 pm

Also, the title of this thread is such a law student trap.

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I.P. Daly
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Re: Someone show me how smart you are !!!!

Postby I.P. Daly » Sun Nov 25, 2012 2:45 pm

Image

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yuzu
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Re: Someone show me how smart you are !!!!

Postby yuzu » Mon Nov 26, 2012 6:27 am

blatant Bloomberg promotion :D

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deadpoetnsp
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Re: Someone show me how smart you are !!!!

Postby deadpoetnsp » Mon Nov 26, 2012 6:33 am

yuzu wrote:blatant Bloomberg promotion :D


Bloomberg is the underdog straggler we all want to succeed. Or do we? :)

Pokemon
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Re: Someone show me how smart you are !!!!

Postby Pokemon » Mon Nov 26, 2012 5:50 pm

NotMyRealName09 wrote:You sound like an asshole. You didn't say please or thank you, which are things normal people say when asking for help. I hope no one helps you.


He does not have to thank us. He is PROVIDING US with the opportunity to show him/her how smart we are. We should be thankful after we solve the problem for him allowing us to demonstrate our intelligence.

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Lovely Ludwig Van
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Re: Someone show me how smart you are !!!!

Postby Lovely Ludwig Van » Mon Nov 26, 2012 6:30 pm

I think I'll take a clue from the OP and go into a bar next time telling girls to show me how sexy they are by having sex with me.

target
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Re: Someone show me how smart you are !!!!

Postby target » Mon Nov 26, 2012 7:10 pm

Lovely Ludwig Van wrote:I think I'll take a clue from the OP and go into a bar next time telling girls to show me how sexy they are by having sex with me.


Or ask to prove to them how good you are in bed.

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bk1
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Re: Someone show me how smart you are !!!!

Postby bk1 » Mon Nov 26, 2012 7:18 pm

This forum is for law students, not 0Ls.




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