PPT-Chicago Estate Planning Council

IRS Circular 230 Notice Chicago Estate Planning Council and its affiliates do not provide tax advice and this communication cannot be used to avoid tax penalties Consult with your legal or tax adviser before taking any action relating to the subject matter of this document. Tools for Local Council. John F. . Pyfer. , Jr.. Chairman of Major Gifts & Endowment. Northeast Region, . BSA. Colin French. BSA Foundation. Local Council Wills & Bequests. The diamonds are in our backyards.. 51 – . Counseling . Aliens About . U.S. . Taxes. Karlin . & . Peebles, LLP. 8383 Wilshire Boulevard, . Suite . 708. Beverly Hills, CA . 90211. 323.852-0030 .  fax . 310.388.5537. Michael J. A. Karlin – 323.852.0033 . Why is Estate Planning Important?. It allows you, while you are still living, to ensure that your property will go to the people you want, in the way you want, and when you want. .. To control your personal and financial affairs after you no longer can because of death or incapacity (for yourself and your family). Lew Dymond, Jr., Esq.. Control my property while I’m alive and well.. Provide for myself and my loved ones if I become disabled.. Give what I have:. To whom I want;. The way I want;. When I want.. Minimize the impact of taxes, professional fees, and court costs.. Wealth Strategist. Pam provides wealth counseling services to clients in the Los Angeles and Seattle offices of Goldman Sachs, focusing on estate and gift tax planning, generation-skipping transfer tax planning, income tax planning, and charitable giving strategies.  . 2. Key elements of presentation. What . is the . DA. Where . are we at . today. How . decision is . made. 4. Where . to next. 3. 1. What is the DA. 202 dwelling sites. Facilities:. . . café. , library, bar, bowling green, pool, . January 21, . 2016. Todd . A. Flubacher, Partner. Morris, Nichols, Arsht & . Tunnell LLP. What . is . a . directed. . trust?. A directed trust is a trust in which some of the duties traditionally held by a trustee are held by an adviser. The trustee exercises trust power and authority only at the direction of the adviser. By dividing the duties, the grantor is able to use different specialized advisers to administer the trust.. Professor Payne, Finance 4100. Learning Objectives. Understand the importance and the process of estate planning. Draft a will and understand its purpose in estate planning. Avoid probate. 2. Introduction. PCS . Staff. , and . Recipient All Need to Know. Prepared by Emily Gantz McKay and Hila Berl. EGM Consulting, LLC. Note: . This training is designed for planning councils as described in the Ryan White legislation, rather than other types of planning bodies. Planning councils have legislative responsibilities and are independent entities that work closely with but are not responsible to the recipient. Jurisdictions with planning bodies that lack such legislative guidance may have a very different relationship, though much of this training module is likely to be relevant if the planning body plays roles similar to those of a planning council.. jzmac@udel.edu. Director of Trust Management Minor | Instructor. Probate. – Legal process of transferring asset from deceased person ownership to beneficiary ownership. Trusts. – Tax efficient Structure created to control wealth during life or after death to defer and minimize taxes, protect wealth, avoid probate, create generational wealth. Separation between legal and equitable ownership.. Life Is Like A Baseball Game. Some Issues too tough!. Uncertain World. Let’s talk about how best to keep control – whether it rains or shines. Smart Estate Planning: Keeping . Control In The Family. According to the 2021 Canadian census, almost 12% of the nation’s families are stepfamilies – “blended families.” Those in in blended families ought to think ahead and confront challenging issues, such as estate planning. Edmonton families should establish clear plans early on to avoid serious difficulties that can occur when a parent or step-parent passes without a will. There comes a time in everyone’s life when it becomes necessary to focus on the future. That means not just your future but also that of your family and the estate you may one day leave behind. Effective estate planning with lawyers can provide a framework for stability and peace of mind if you begin now. It is vital to consider how to protect your estate and ensure you can provide for your own care in the future. R. Max Best. GOALS AND PURPOSES OF ESTATE PLANNING. Arrangement of one’s estate for disposition and management of property at death . The purpose of estate planning is to preserve and transfer the maximum amount of wealth for your beneficiaries and to reduce the stress of management for your heirs and beneficiaries, .