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Estate Planning

Estate Planning. Advanced Level. How Long Will You Live?. Americans, on average, live to 77.9 years old Why is this important?. Your Present Self Impacts Future Self. What are you most afraid of?. Snakes Creepy Crawlies Scary Spaces Other People Heights.

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Estate Planning

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  1. Estate Planning Advanced Level

  2. How Long Will You Live? • Americans, on average, live to 77.9 years old • Why is this important? Your Present Self Impacts Future Self

  3. What are you most afraid of? • Snakes • Creepy Crawlies • Scary Spaces • Other People • Heights • Is a snake really scarier than dying? • Why is dying a taboo subject to talk about?

  4. A clear and complete plan of what should happen upon your death A plan to care for someone who is young or incapacitated and cannot care for themselves What is Estate Planning ? Living Will

  5. Positive Outcomes of EstatePlanning 1. 2. Strengthen family relationships by giving them a path for them to follow 3. 4.

  6. Trade-Offs A trade-off is giving up one thing for another.

  7. Estate Planning for Teens

  8. Estate Planning for minors Letter of Last Instruction: (things to include) • Who do I want making care decisions for me when I can’t make them myself? • If I am injured, what do I want to have happen for my care? • What do I want people to know if something happens to me? • What do I want done with my belongings?

  9. What determines the care of children under 18? • Guardianship- requires a legal document called a will. • Will- determines guardians, money flow otherwise determined by court

  10. Who can help with planning? • This is not an easy subject to discuss and plan for; it is complex and may require help of experts

  11. Who Can Help with Estate Planning? • Attorneys can provide you insights for titling documents, wills, etc… • Accountants can help you determine net worth, see tax advantages • Certified Financial Planners can help you diversify investments, protect assets

  12. Terms you may hear while dealing with an estate

  13. Estate planning as a gift

  14. Estate planning is an important component to a financial plan

  15. What will you gift?

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