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.)