This document lists numerous issues that one should consider when reviewing their estate planning documents, such as confirming the qualifications and capabilities of appointed executors, agents, and trustees; ensuring minor children are properly provided for; reviewing beneficiary designations; addressing any changes in residency; and confirming tax compliance of irrevocable trusts. It encourages evaluating documents annually for changes in laws or circumstances and ensuring documents are stored safely but accessibly.
Wills & Trusts - Rockford Public Schools 2010guest936e15e
Powerpoint presentation from April 21, 2010 adult enrichment class offered by Rockford Public Schools Community Education at the Rockford Freshman Center.
This document provides an overview of basic estate planning documents and concepts. It discusses wills, trusts, powers of attorney, living wills, probate, guardianships, and their purposes. Key points covered include how a will passes property according to instructions but requires probate, while a living trust avoids probate; and how powers of attorney can designate someone to handle financial and medical matters if one becomes incapacitated. The document also summarizes estate tax implications. Overall it serves to explain common estate planning tools and why having an up-to-date plan is important.
- The document discusses 10 common pitfalls of outdated estate plans, including naming inappropriate or deceased fiduciaries, not updating plans for children who have grown up, and failing to include proper HIPAA waivers.
- Estate plans should be reviewed every 3-5 years as laws and life circumstances change. Wealth accumulation over time can also create new estate tax issues that weren't previously relevant.
- Updating plans ensures they still meet current needs and intentions.
The document provides an overview of key financial considerations during and after divorce, including types of child and spousal support, dividing marital property such as homes and retirement accounts, health insurance, and social security benefits. It outlines steps individuals should take to establish financial independence and negotiate settlements, such as gathering financial documents, opening new bank accounts, and updating beneficiaries. Post-divorce, individuals need to finalize estate planning, choose investment strategies, and determine the impact on taxes and social security.
This document discusses various legal issues related to caregiving, including identifying dementia, authority to act for another, documents to prepare for disability and death, durable power of attorney, and do not resuscitate orders. It provides an overview of critical legal documents like powers of attorney, healthcare directives, living wills, and certifications of healthcare decision surrogates. It also discusses capacity requirements, practical considerations, and other authority granting arrangements caregivers should be aware of.
Powers of Attorney have been serving the public for centuries; it is a powerful legal document which allows an
individual (Donor) to appoint a person of their own choice (an Attorney), to look after their
affairs should they at a later stage no longer wish to make these decisions or lack the capacity to
manage their affairs themselves.
Wills & Trusts - Rockford Public Schools 2010guest936e15e
Powerpoint presentation from April 21, 2010 adult enrichment class offered by Rockford Public Schools Community Education at the Rockford Freshman Center.
This document provides an overview of basic estate planning documents and concepts. It discusses wills, trusts, powers of attorney, living wills, probate, guardianships, and their purposes. Key points covered include how a will passes property according to instructions but requires probate, while a living trust avoids probate; and how powers of attorney can designate someone to handle financial and medical matters if one becomes incapacitated. The document also summarizes estate tax implications. Overall it serves to explain common estate planning tools and why having an up-to-date plan is important.
- The document discusses 10 common pitfalls of outdated estate plans, including naming inappropriate or deceased fiduciaries, not updating plans for children who have grown up, and failing to include proper HIPAA waivers.
- Estate plans should be reviewed every 3-5 years as laws and life circumstances change. Wealth accumulation over time can also create new estate tax issues that weren't previously relevant.
- Updating plans ensures they still meet current needs and intentions.
The document provides an overview of key financial considerations during and after divorce, including types of child and spousal support, dividing marital property such as homes and retirement accounts, health insurance, and social security benefits. It outlines steps individuals should take to establish financial independence and negotiate settlements, such as gathering financial documents, opening new bank accounts, and updating beneficiaries. Post-divorce, individuals need to finalize estate planning, choose investment strategies, and determine the impact on taxes and social security.
This document discusses various legal issues related to caregiving, including identifying dementia, authority to act for another, documents to prepare for disability and death, durable power of attorney, and do not resuscitate orders. It provides an overview of critical legal documents like powers of attorney, healthcare directives, living wills, and certifications of healthcare decision surrogates. It also discusses capacity requirements, practical considerations, and other authority granting arrangements caregivers should be aware of.
Powers of Attorney have been serving the public for centuries; it is a powerful legal document which allows an
individual (Donor) to appoint a person of their own choice (an Attorney), to look after their
affairs should they at a later stage no longer wish to make these decisions or lack the capacity to
manage their affairs themselves.
Robson Hayes Legal Risks Associated with Will and Estate PlanningRobson Hayes
Do you feel you are at risk by keeping your wills and estate planning at delay? Have a look at this presentation shared by Probate WA Lawyer explaining the risks associated with wills and estate planning. Source: http://www.robsonhayes.com.au/the-risks-of-putting-off-your-will-and-estate-planning-until-its-too-late/
Women, in Estate Planning, You Are the Last ResortDolf Dunn
Because women usually outlive their male counterparts by an average of almost 5 years, making sure both you and your husband's estate documents are completed is crucial. I truly believe if you love someone, you will deal with your own mortality and get your estate documents completed! It is not about you, it is about the people you love most.
What Is Included In My Indiana Estate PlanPaul Kraft
In this paper, we will look at the anatomy of an estate plan, and we also look at some specific circumstances that may call for specialized planning. Learn more about Indiana estate plan in this presentation.
This pamphlet which is based on Wisconsin law is issued to inform and not to advise. No person should ever apply or interpret any law without the aid of a trained expert who knows the facts, because the facts may change the application of the law.
The document provides an overview of initial steps for planning for special needs children, including assessing the child's prognosis, reviewing your financial situation, considering living arrangements, and understanding available government benefits programs. It emphasizes the importance of consulting an attorney experienced in estate planning for families with special needs children due to the legal complexities involved.
This document discusses key concepts related to agency and powers of attorney in social work. It defines various types of agents including those appointed in advance directives, trusts, and by courts. It outlines important rules for reviewing legal documents like powers of attorney, including the four corners rule. It also discusses important terms, requirements for durable powers of attorney, an agent's fiduciary duties, and other considerations like how divorce impacts agency. The document provides guidance on understanding agency issues that social workers may encounter both personally and professionally.
Estate Planning For Homosexual & Lesbian Couple SElba44Fontaine
This document discusses the importance of estate planning for homosexual and lesbian couples. It notes that without a will or other legal arrangements, a partner would not be able to inherit assets or make decisions about a deceased partner's estate. It provides details about what can happen without a will, such as property going to biological family instead of a partner. It also discusses other important legal documents like powers of attorney to allow a partner to manage assets if one becomes disabled.
This document provides information about reviewing your estate plan and retirement plan options for business owners. It discusses when to review your estate plan, such as after major life events, and aspects to consider reviewing like beneficiaries, wills, trusts and financial accounts. It then outlines qualified retirement plan options for business owners like profit sharing plans and 401(k)s, as well as IRA options like SEP-IRAs and SIMPLE IRAs. The document provides a brief overview to help business owners plan for retirement outside of solely relying on their business.
The document discusses the importance of estate planning and how life changes can necessitate revisions. It notes that key assumptions people often have about estate planning, such as living forever or never needing long-term care, are generally false. The document then provides examples of legal documents used in estate planning like wills, trusts, powers of attorney, and outlines factors to consider when creating or revising an estate plan.
The document provides information to help guide those dealing with divorce. It discusses taking steps before initiating divorce like counseling and financial preparation. It outlines the divorce initiation process including legal matters and agreements. Finally, it notes important post-divorce tasks like changing names and accounts, reviewing insurance, and maintaining child support records. Checklists are included for documents and notifying entities of name and address changes.
A presentation made by Lise Poratto-Mason during the free public forum "Continuing the Conversation: a discussion on preparing for end-of-life care" on February 6, 2014 at the United Steelworkers Hall in Sudbury, Ontario.
Lise Poratto-Mason is a partner with the law firm of MASON PORATTO-MASON LLP.
Learn more about the forum at http://www.hsnsudbury.ca/events
This document discusses estate planning strategies using life insurance in light of recent tax law changes. It begins by outlining the key provisions of the American Taxpayer Relief Act of 2012 (ATRA) related to estate taxes, including permanently setting the federal estate tax exemption and making portability of the unused exemption between spouses permanent. It then provides questions for individuals to consider regarding their current estate planning and goals to determine which strategies may be most appropriate, such as using trusts, annual gifting, or life insurance to minimize taxes and achieve goals. The document provides an overview of various planning tools and strategies individuals can explore with their advisors based on the size and goals of their estate.
Five Key Elements to protect your family and your legacy written by Lisa Detanna. Estate planning means ensuring that your assets will be applied to the objectives you choose, both now and in the future. Lisa Detanna collaborates with a diverse high net worth clientele that includes both individuals and organizations.
What is the Difference Between a General and A Limited Power of AttorneyPaul Kraft
A power of attorney is a commonly used legal device. You could use a power of attorney if you wanted to give another person the power to act on your behalf in a legally binding manner. Learn more about the general power of attorney in Indiana and limited power of attorney in Indiana in this presentation.
This document discusses the importance of estate planning and provides information about wills, advance medical directives, social media wills, and related topics. It notes that estate planning benefits people of all economic levels by legally protecting and distributing property according to one's wishes. Advance medical directives allow people to specify the medical treatment they want if unable to make decisions. The document outlines how to write a will, choose an executor, and create a social media will to handle online accounts after death. It stresses reviewing one's estate plan when life changes occur.
- It is critical to regularly review beneficiary designations for registered accounts and life insurance policies to ensure they match your current intentions, as situations like divorce and remarriage can cause outdated designations.
- Without proper beneficiary designations, assets may have to pass through probate instead of going directly to intended beneficiaries, causing delays and potential fees.
- Doctors should consider incorporating or using holding companies to potentially defer more tax through structures utilizing insurance policies and loans.
It is imperative that you understand what each fiduciary role encompasses and what should be considered when making a decision about whom to appoint. Learn more about fiduciaries in this presentation
The document provides an overview of estate planning and how to set up an estate plan. It discusses how assets (A) can be transferred to beneficiaries (B) while accounting for conditions (C). The key components of an estate plan include documents like a revocable living trust, durable powers of attorney, and medical directives. These documents work together as part of an estate plan portfolio to ensure one's assets are distributed according to their wishes upon death or incapacitation. The document recommends contacting the provider to get help creating a customized estate plan.
Robson Hayes Legal Risks Associated with Will and Estate PlanningRobson Hayes
Do you feel you are at risk by keeping your wills and estate planning at delay? Have a look at this presentation shared by Probate WA Lawyer explaining the risks associated with wills and estate planning. Source: http://www.robsonhayes.com.au/the-risks-of-putting-off-your-will-and-estate-planning-until-its-too-late/
Women, in Estate Planning, You Are the Last ResortDolf Dunn
Because women usually outlive their male counterparts by an average of almost 5 years, making sure both you and your husband's estate documents are completed is crucial. I truly believe if you love someone, you will deal with your own mortality and get your estate documents completed! It is not about you, it is about the people you love most.
What Is Included In My Indiana Estate PlanPaul Kraft
In this paper, we will look at the anatomy of an estate plan, and we also look at some specific circumstances that may call for specialized planning. Learn more about Indiana estate plan in this presentation.
This pamphlet which is based on Wisconsin law is issued to inform and not to advise. No person should ever apply or interpret any law without the aid of a trained expert who knows the facts, because the facts may change the application of the law.
The document provides an overview of initial steps for planning for special needs children, including assessing the child's prognosis, reviewing your financial situation, considering living arrangements, and understanding available government benefits programs. It emphasizes the importance of consulting an attorney experienced in estate planning for families with special needs children due to the legal complexities involved.
This document discusses key concepts related to agency and powers of attorney in social work. It defines various types of agents including those appointed in advance directives, trusts, and by courts. It outlines important rules for reviewing legal documents like powers of attorney, including the four corners rule. It also discusses important terms, requirements for durable powers of attorney, an agent's fiduciary duties, and other considerations like how divorce impacts agency. The document provides guidance on understanding agency issues that social workers may encounter both personally and professionally.
Estate Planning For Homosexual & Lesbian Couple SElba44Fontaine
This document discusses the importance of estate planning for homosexual and lesbian couples. It notes that without a will or other legal arrangements, a partner would not be able to inherit assets or make decisions about a deceased partner's estate. It provides details about what can happen without a will, such as property going to biological family instead of a partner. It also discusses other important legal documents like powers of attorney to allow a partner to manage assets if one becomes disabled.
This document provides information about reviewing your estate plan and retirement plan options for business owners. It discusses when to review your estate plan, such as after major life events, and aspects to consider reviewing like beneficiaries, wills, trusts and financial accounts. It then outlines qualified retirement plan options for business owners like profit sharing plans and 401(k)s, as well as IRA options like SEP-IRAs and SIMPLE IRAs. The document provides a brief overview to help business owners plan for retirement outside of solely relying on their business.
The document discusses the importance of estate planning and how life changes can necessitate revisions. It notes that key assumptions people often have about estate planning, such as living forever or never needing long-term care, are generally false. The document then provides examples of legal documents used in estate planning like wills, trusts, powers of attorney, and outlines factors to consider when creating or revising an estate plan.
The document provides information to help guide those dealing with divorce. It discusses taking steps before initiating divorce like counseling and financial preparation. It outlines the divorce initiation process including legal matters and agreements. Finally, it notes important post-divorce tasks like changing names and accounts, reviewing insurance, and maintaining child support records. Checklists are included for documents and notifying entities of name and address changes.
A presentation made by Lise Poratto-Mason during the free public forum "Continuing the Conversation: a discussion on preparing for end-of-life care" on February 6, 2014 at the United Steelworkers Hall in Sudbury, Ontario.
Lise Poratto-Mason is a partner with the law firm of MASON PORATTO-MASON LLP.
Learn more about the forum at http://www.hsnsudbury.ca/events
This document discusses estate planning strategies using life insurance in light of recent tax law changes. It begins by outlining the key provisions of the American Taxpayer Relief Act of 2012 (ATRA) related to estate taxes, including permanently setting the federal estate tax exemption and making portability of the unused exemption between spouses permanent. It then provides questions for individuals to consider regarding their current estate planning and goals to determine which strategies may be most appropriate, such as using trusts, annual gifting, or life insurance to minimize taxes and achieve goals. The document provides an overview of various planning tools and strategies individuals can explore with their advisors based on the size and goals of their estate.
Five Key Elements to protect your family and your legacy written by Lisa Detanna. Estate planning means ensuring that your assets will be applied to the objectives you choose, both now and in the future. Lisa Detanna collaborates with a diverse high net worth clientele that includes both individuals and organizations.
What is the Difference Between a General and A Limited Power of AttorneyPaul Kraft
A power of attorney is a commonly used legal device. You could use a power of attorney if you wanted to give another person the power to act on your behalf in a legally binding manner. Learn more about the general power of attorney in Indiana and limited power of attorney in Indiana in this presentation.
This document discusses the importance of estate planning and provides information about wills, advance medical directives, social media wills, and related topics. It notes that estate planning benefits people of all economic levels by legally protecting and distributing property according to one's wishes. Advance medical directives allow people to specify the medical treatment they want if unable to make decisions. The document outlines how to write a will, choose an executor, and create a social media will to handle online accounts after death. It stresses reviewing one's estate plan when life changes occur.
- It is critical to regularly review beneficiary designations for registered accounts and life insurance policies to ensure they match your current intentions, as situations like divorce and remarriage can cause outdated designations.
- Without proper beneficiary designations, assets may have to pass through probate instead of going directly to intended beneficiaries, causing delays and potential fees.
- Doctors should consider incorporating or using holding companies to potentially defer more tax through structures utilizing insurance policies and loans.
It is imperative that you understand what each fiduciary role encompasses and what should be considered when making a decision about whom to appoint. Learn more about fiduciaries in this presentation
The document provides an overview of estate planning and how to set up an estate plan. It discusses how assets (A) can be transferred to beneficiaries (B) while accounting for conditions (C). The key components of an estate plan include documents like a revocable living trust, durable powers of attorney, and medical directives. These documents work together as part of an estate plan portfolio to ensure one's assets are distributed according to their wishes upon death or incapacitation. The document recommends contacting the provider to get help creating a customized estate plan.
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5 Compelling Reasons to Invest in Cryptocurrency NowDaniel
In recent years, cryptocurrencies have emerged as more than just a niche fascination; they have become a transformative force in global finance and technology. Initially propelled by the enigmatic Bitcoin, cryptocurrencies have evolved into a diverse ecosystem of digital assets with the potential to reshape how we perceive and interact with money.
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✅ Video presentation: https://youtu.be/4ZvsSKd1MzE
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Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
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Patrick Huey
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patrick@victoryindependentplanning.com | www.victoryindependentplanning.com