PPT-Chapter 21.2: Estate Planning

Estate Planning A process of assuring that a persons assets remain intact to protect the family before and after death Estate planning includes contributing to ones retirement income as well as using certain legal instruments such as . 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). At The End Of Life. Carolyn McClanahan, M.D., CFP. ®. @. CarolynMcC. Overview. Communication. Checklist. Cash Flow. Insurance . Tax Planning. Estate Planning. Resources. Communication. Tell me more. Agricultural Estate Planning. Rusty . Rumley. . Staff Attorney, National Ag Law Center. 479-575-7646. . • . nataglaw@uark.edu. The nation’s leading resource for agricultural and food law research and information. 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.. Gregg Hadley, PhD. Assistant Director – Agriculture, Natural Resources, and Community Development. K-State Research and Extension. ghadley@ksu.edu. 785-532-5838. Why?. Grandma and Grandpa. (The Past Generation). 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.  . 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. Senate Fiscal Committee/COPE Presentation. January 3, 2012. Capital Planning. 2. Prepared by Administration & Planning, Office of Physical Planning and Real Estate . A refined approach to capital planning must ensure capital investments are aligned with strategic priorities, long-term financial perspectives, and the One University Framework vision.. Jessi Patton. Patton Law. The State’s plan for . newly single clients . and . why . they . might . want to opt . their . family . out of it;. Why simple form documents do not work and what . your clients . 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, .