Download - WILLS SEMINAR
WILLS SEMINARWILLS SEMINAR
Pass on your Pass on your valuesvalues with your with your valuables.valuables.
WILLS / REVOCABLE LIVING WILLS / REVOCABLE LIVING TRUSTTRUST
Considerations for individuals and their wills. Considerations for individuals and their wills.
ProbateProbate
Inventory of EstateInventory of Estate
Will vs. Revocable Living TrustWill vs. Revocable Living Trust
Is Revocable Living Trust Funded?Is Revocable Living Trust Funded?
Qualified AdvisorsQualified Advisors
BENEFICIARY DESIGNATION FORMSBENEFICIARY DESIGNATION FORMS
Components need to be in order: Components need to be in order:
Life InsuranceLife Insurance
Qualified RetirementQualified Retirement
Tax-deferred Savings PlanTax-deferred Savings Plan
Trust as BeneficiaryTrust as Beneficiary
Charity as BeneficCharity as Beneficiaryiary
INCOME IN RESPECT OF DECEDENTINCOME IN RESPECT OF DECEDENT
Tax-deferred Savings PlansTax-deferred Savings Plans
Most Highly Taxed Asset in Most EstatesMost Highly Taxed Asset in Most Estates
Individual or Trust as BeneficiaryIndividual or Trust as Beneficiary
Charitable BeneficiariesCharitable Beneficiaries
IRA Charitable RolloverIRA Charitable Rollover
DURABLE POWER OF ATTORNEY FINANCIALDURABLE POWER OF ATTORNEY FINANCIAL
Needed to be prepared to deal with: Needed to be prepared to deal with: IncapacityIncapacity Not Affected by Principal’s DisabilityNot Affected by Principal’s Disability Upon DisabilityUpon Disability HIPAAHIPAA Agent’s Powers, IRC 2041 (b)Agent’s Powers, IRC 2041 (b)
LONG TERM HEALTH CARELONG TERM HEALTH CARE
Other components to be addressed: Other components to be addressed: Living WillLiving Will Durable Power of Attorney Health CareDurable Power of Attorney Health Care Living ArrangementsLiving Arrangements Paying for Long Term CarePaying for Long Term Care Medicaid PlanningMedicaid Planning
VALUES-BASED PLANNINGVALUES-BASED PLANNING
We need to care about more than the We need to care about more than the bequest:bequest:Family QuestionaireFamily Questionaire Needs and Desires of ChildrenNeeds and Desires of Children “ “Learning” and “Earning” TimeLearning” and “Earning” Time One to Four Layer Inheritance PlanOne to Four Layer Inheritance Plan Wealth CounselingWealth Counseling
BEQUESTS / BENEFICIARY DESIGNATIONSBEQUESTS / BENEFICIARY DESIGNATIONS
Easy to Change During LifeEasy to Change During Life Coordinate Beneficiary Designations with Coordinate Beneficiary Designations with Estate PlanEstate Plan Beneficiary Designations are ContractsBeneficiary Designations are Contracts Use Correct Legal Name of CharityUse Correct Legal Name of Charity Charity or Trust FundCharity or Trust Fund
GIFT ANNUITIES / DEFERRED GIFT ANNUITIESGIFT ANNUITIES / DEFERRED GIFT ANNUITIES
Options are available to deal with: Options are available to deal with:
Make Gift to Charity NowMake Gift to Charity Now
Cash or Marketable SecuritiesCash or Marketable Securities
Receive Deduction and Other Tax BenefitsReceive Deduction and Other Tax Benefits
Fixed Income for Life Based on AgeFixed Income for Life Based on Age
Deferred – Receive Income LaterDeferred – Receive Income Later
QUESTIONS & ANSWERSQUESTIONS & ANSWERS
Thank you for your attention and Thank you for your attention and participation in this seminar.participation in this seminar.
(insert presenter’s name, etc.)(insert presenter’s name, etc.)