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Estate Planning

Estate Planning. Protecting Your Family’s Future. Estate Planning Protects Your Family’s Future. Financially Provides for dependent family members Preserves assets for children or grandchildren Reduces or eliminates death taxes. Estate Planning Protects Your Family’s Future. Emotionally

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Estate Planning

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  1. Estate Planning Protecting Your Family’s Future

  2. Estate Planning Protects Your Family’s Future • Financially • Provides for dependent family members • Preserves assets for children or grandchildren • Reduces or eliminates death taxes

  3. Estate Planning Protects Your Family’s Future • Emotionally • Minimizes potential for conflict among family members • Preserves family relationships

  4. What Do I Do? • Learn about the issues • Decide what you want • Discuss your choices with the appropriate people • Make it legal ?

  5. Learn About the Issues End-of-life Care Issues

  6. Learn About the Issues Legal Authority Issues

  7. Learn About the Issues Financial Issues

  8. Learn About the Issues Property Issues

  9. Learn About the Issues Family Issues

  10. Learn About the Issues Death-Related Issues

  11. Decide What You Want Make Decisions About • Who gets your property • People who depend upon you for support • Your preferences for living arrangements • Medical care you do or do not want

  12. Decide What You Want Make Decisions About • How you will pay for medical, nursing home care, and other needed assistance • Who will make decisions for you when you cannot • Burial, cremation, and memorial arrangements

  13. Discuss Your Choices With The Appropriate People • Spouse • Family members • Agent (under durable power of attorney) • Health care agent • Friends (if so desired) • Doctors and other medical providers • Lawyer • Clergy (if so desired)

  14. Make It Legal Last Will and Testament Must-Have Document # 1

  15. Make It Legal Must-Have Document # 2 Durable Power Of Attorney

  16. Make It Legal Must-Have Document # 3 Health Care Power Of Attorney

  17. Make It Legal Must-Have Document # 4 Advance Instruction For Mental Health Treatment

  18. Make It Legal Must-Have Document # 5 Living Will

  19. Make It Legal Must-Have Document # 6 Trust(s)

  20. Other Useful Documents • Letter of last instruction • Ethical will • Medical directives or suggestions • Do not resuscitate order (DNR) • Organ donation card

  21. Planning Your Estate The gift you give your family

  22. For more information please refer to the Estate Planning newsletter on your mini-CD

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