[Solved] George Reed, 48 and a Widower, and Debbie Moore, 44

Question 3
Essay

George Reed, 48 and a widower, and Debbie Moore, 44 and divorced, were married five years ago. They have children from their prior marriages, two children for George and one child for Debbie. The couple's estate is valued at $1.4 million, including a house valued at $475,000, a vacation home in the mountains, investments, antique furniture that has been in Debbie's family for many years, and jewelry belonging to George's first wife. Discuss how they could use trusts as part of their estate planning, and suggest some other ideas for them to consider when preparing their wills and related documents.

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