Michael Singleton, 48 and a widower, and Nicole Whitt, 44 and divorced, were married 5 years ago. There are children from their prior marriages, two children for Michael and one child for Nicole. 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 Nicole’s family for many years, and jewelry belonging to Michael’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.