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We hear from brokers and financial planners that the stock market average has been good for investors. However, average doesn’t mean anything. See why you must understand the difference between average and actual. Call us to learn about a better alternative, 435-429-1600, http://www.FocusWealthGroup.com
Estate Planning in your Bucket ListYou’ve probably heard the term “bucket list,” but it can really take a different meaning when you are an estate planning lawyer. We deal with the reality of life and death every day, and we want to help clients maximize what they leave behind. For that reason, here are some items we think everyone should consider when creating an “estate planning bucket list:”First, inventory. Create an inventory of everything you own, including assets such as retirement accounts, stocks, and insurance policies. This is a great way of thoroughly accounting for all that will be left behind.Then come the debts. We live in a time when debt is more common than not, and your estate planning lawyer will encourage you to create a separate list of what you and your estate owe. This includes mortgages, lines of credit, credit card accounts, auto loans, and everything else that comes to mind. Next list your memberships. Everything including AAA, alumni associations, and charities you support. Once you have a list of your assets, you can then locate accounts with beneficiary designations. Retirement accounts are an example of these. You need to ensure the beneficiary you have listed is correct, even if you have something else written in your will. It will be the beneficiary designation that is followed after your passing.Insurance policies also have one or more beneficiaries listed. Once again, make sure all the information is correct and up to date. By pooling these lists and all this information together, you are making the job of your executor easier. An executor is a person you choose to distribute your assets and fulfill the legal obligations of an estate. I, or another estate planning lawyer, can offer advice on choosing the right person. Finally, once you have your estate broken down into lists, the time comes to write your will. Your attorney may also help you create various trusts to ensure your estate is used to your specifications and that taxes are minimized upon your death. Be sure to let loved ones know about your planning and leave copies of important documents with those who may need them. This helps to ensure that your wishes are honored and the administration of your estate goes as smoothly as possible when you are gone. #estateplanning #bucketlist #newyearresolution
David T. Phillips, CEO, Estate Planning SpecialistsRichard Durfee, Founder and Senior Partner, The Durfee Law GroupTodd Phillips, President, Estate Planning SpecialistsMelodie Durfee, President, Legacy Global Foundationwww.epmez.com 1-888-892-1102 www.durfeelawgroup.com 1-480-324-8000 Order your estate analysis here:https://shop.epmez.com/products/estate-planning-solutions-suitehttps://shop.epmez.com/products/estate-planning-solutions-suite-retirement-analysisGet access to the reports mentioned in this video here: Use Coupon Code “TAOLP” at Checkout for a Half off these reports:The Art of Legacy Planning, Episode 1 https://youtu.be/XprpZb5HRH4Disinherit the IRS Report with link https://shop.epmez.com/products/disinherit-the-irs-reportBombshell Battle Plan Report – https://shop.epmez.com/products/the-bombshell-battle-plan-how-to-defend-against-the-irs-secret-weapon-post-2020-election-and-secure-act-preorderEstate & Tax Planning After The Election Video https://youtu.be/RRZ3wy8vt3A
Estate Planning: Big Changes To Connecticut Trust Laws
Attorney Dan Krause tells of a Covid hospitalization that is made even worse for the spouse because she is unable to control the assets and the family business. The couple has been married 2 years, but the husband’s Power of Attorney and trust documents still name his brother and sister as the people to control everything for him. What’s more, if the husband dies, his outdated estate plan leaves everything to people other than his spouse.We hope everything works out for this couple, however, at least a lot of anxiety could have been prevented in this case by updating the estate plan when the new marriage took place.If you’ve recently been married or are planning on it, please update your estate plan for peace of mind. If you are in Wisconsin, please call us to help. (608) 268-5751.
Individuals – Personal Financial Planning1. Financially Savvy 2. Less expensive premiums 3. Income protection
Confused by the ever-changing tax laws? Learn how to be proactive in your tax planning and record-keeping. Click here for session materials. For more information on CPA Canada’s Financial Literacy Program, visit cpacanada.ca/financialliteracy.
What happens if you need long term care? No one wants to think about needing long term care in their future. Best to think about it now, before your children need to on your behalf.Rodney Spiller Wealth ManagementBringing your financial aspirations to life through expert planning.Rodney Spiller Wealth Management Ltd is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority)
Join Tim Curran (half of The Finance Couple™) every Tuesday at 1pm EST for some financial planning infused with common sense!Research found: LongTermCare.gov https://acl.gov/ltc/basic-needs/how-much-care-will-you-need
This webinar is an in depth overview that will thoroughly educate attendees about the essentials of estate and elder law planning.Presented by Elville and Associates’ Managing Principal and Lead Attorney Stephen R. Elville, in our Estate Planning and Elder Law Essentials webinar Steve thoroughly educates attendees about estate planning and incapacity planning issues. Some of the topics addressed include:— understanding the planning process, including the reasons for estate planning— wills vs. trusts— probate vs. non-probate and understanding non-probate devices— the absolute importance of incorporating “flexibility” in your planning— planning for incapacity— understanding the importance of financial powers of attorney, advance medical directives and MOLST— Medicaid — myths versus reality— estate tax planning— asset protection and protecting shares for children and grandchildren— understanding why having outdated documents could provide challenges in the future, and how to achieve perfection for your legacy
National Long Term Care Month – Financial Estate and Probate Planning