PLANNING FOR THE FUTURE - Amazon S3 · 2018-09-13 · 888-5-TREECE | 305-751-8855 treecefinancialgroup.com email: [email protected] 9999 NE 2nd Avenue, Suite 203, Miami Shores,

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E A S T E R S E A L SG I F T P L A N N I N G2 3 3 S O U T H W A C K E R D R I V E , S U I T E 2 4 0 0C H I C A G O , I L 6 0 6 0 6

( 8 0 0 ) 2 2 1 - 6 8 2 7 E X T . 7 1 3 5W W W. E A S T E R S E A L S . C O M / L E G A C Y

. A N E A S T E R S E A L S W O R K B O O K ,

PLANNING FOR THE FUTUREP a s s i n g o n Yo u r Va l u e s a n d Va l u a b l e s

888-5-TREECE | 305-751-8855treecefinancialgroup.comemail: [email protected] NE 2nd Avenue, Suite 203, Miami Shores, FL 33138

The opinions contained in this material are those of the author, and not a recommendation or solicitation to buy or sell investment products. This information is from sources believed to be reliable, but Cetera Advisors LLC cannot guarantee or represent that it is accurate or complete.

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4 isittimetocreateorreviewyourwill/trust?

6 Beginhere…

11 mypersonalrepresentatives

14 myassets

19 takingcareoflovedoneswithspecialneeds

20 howtoincludeeastersealsasaBeneficiary

22 myBeneficiaries

25 we’reheretohelp

contents

“Your life and mine shall be valued not by what we take... but by what we give.”

—Spoken in 1919 by Edgar F. “Daddy” Allen, Easter Seals Founder

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Dear Friend of Easter Seals,goodplanningofferstheabilitytoprovideforyourlovedones,createalegacyforfuturegenerationsofyourfamilyandforyourcommunity,andtomakeadifference—bygivingtoorganizationslikeeasterseals.

howandwhatyougivetofriends,family,lovedones,andtocharitiesisguidedbythevaluesthatwerepassedontoyoufrompreviousgenerations,byyourgoalsandbyyourimagination.

afterlosinghissonin1907toastreetcaraccident,ohiobusinessmanedgarallen,wassurprisedtolearnthatchildrenwithdisabilitieswereoftenhiddenfrompublicview.

inspiredbythisdiscovery,allenfoundedwhatwasthenknownasthenationalsocietyforcrippledchildrenandisknowntodayaseasterseals,thefirstorganizationofitskind.

fornearlyacentury,eastersealshasbeenmakingadifferenceinthelivesofpeoplewithdisabilitiesandtheirfamilies.youhavehelpedmakeitso—

continuingatraditiongroundedinauniquelyamericanidea—thatonepersonreallycanmakeadifference.

youhaveshownthroughyoursupportthathelpingsomeofthemostvulnerableamongusisimportanttoyou.ifpreservingeasterseals’abilitytohelpthenextgenerationisoneofyourhopesforthefuture,weurgeyoutoconsiderincludingeastersealsinyourplans.wehopethisstep-by-stepguidehelpsensurethatyourwishesandlegacywillbecarriedout.

sincerely,

Jamese.williams,Jr.,president&chiefexecutiveofficer

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1. hasitbeenthreeormoreyearssinceiwroteorreviewedmywill/estateplanningdocuments?

2. hastherebeenachangeinmymaritalstatus?

3. hastherebeenabirthordeathinmyfamily?

4. havemychildrenreachedtheageof18,oraretheyabletohandlefinancialmattersontheirown?

6. didiliveinadifferentstatewhenmywillwaswritten?

7. ismypersonalrepresentativeoralternatenolongerliving?

8. doiwanttochangethechoiceofbeneficiariesnamedinmywill,oraretheynolongerliving?

9. haveestatetaxlawschanged?

yes no

yes no

yes no

yes no

yes no

yes no

yes no

yes no

ifyoualreadyhaveawill,countyourselfamongaminorityofamericanswhohavedonetheirlovedonesanimportantservice.willsarenotstaticdocuments—theymustbeamendedaslife’scircumstanceschange.take

thisshortquiztoseeifyourwillmaybedueforanupdate.

ifyouanswered“yes”toanyofthesequestions,yourwillmaybedueforreviewandupdating. whenyouupdateyourwill,wehopeyouwillconsiderabequesttoeasterseals(seepages20and21). alegacygiftwillhelpensureabrighterfutureforchildrenandadultswithautismandotherdisabilities.youmaynothavetoreviseyourwilltoincludeeastersealsasabeneficiary.askyourattorneyaboutaddingacodiciltoyourwill.

isittimetocreateorreviewyourwill/trust?

keepinmindthisbookletprovidesbasicinformationaboutyourassetsandwishesbutisnotmeanttosubstituteforlegalandprofessionalplanningadvice.youwillbemakingimportantdecisionsaboutwhowillmakedecisionsforyouandhandleyouraffairswhenyoucannotdosoandwhenyouaregone.Besuretodiscussyourchoiceswitheachindividualaheadoftime.keepthisbookletinasafeandsecureplaceandbesuretoletlovedonesknowwhereyourimportantdocumentsarekept.

thisisonlysteponeofadetailedprocess.youwillneedtomeetwithyourattorneytofurtherdiscussthismaterial,reviewandsigntheprepareddocuments,andbesurethatbeneficiarydesignationsandownershipmatchthefinalplan.eastersealsishappytoprovideyouwiththistooltogetstarted,andonceyoucompletetheprocess,weknowyouwillresteasyknowingthatyourlegacywillbefulfilledasyouwished.

thinkingaBoutestateplanningcanBeoverwhelming.Butwhenyouthinkabouttheprocessasanumberofsmallsteps,thetaskbecomesquitemanageable.thisworkbookisdesignedtowalkyouthroughthestepsofansweringthefollowingkeyquestions:

WhatdoIown?Beforeyoucandecidehowyouwanttodisposeofyourassets,youneedtogetaclearsenseofwhatyouown.thisworkbookisdesignedtohelpyoudocument,step-by-step,eachofyourassets.

WhatdoIwanttopasson?anestateplannotonlyhelpsyouthoughtfullyconsiderhowandtowhomyouwanttopassonyourmaterialwealth,itcanalsobeanexpressionofthevaluesthathaveguidedyourlife.

WhoarethepeopleItrusttocarryoutmywishes?youwillneedtoidentifyasmallcircleofindividualsyoucandesignatetocarryoutyourwishes.page11explainswhat’sneededandgivesyouspacetonametheseimportantpeople.

Whatisthebestwaytoaccomplishmygoals?aqualifiedestateplanningattorneycanhelpyoustructureyourplantoavoidproblems,savemoneyandtaxes,protectlovedones,andfulfillyourwishesforalastinglegacy.

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me

My name

Address

Home phone Cell phone

Email address Birth date / Place of birth

Social Security no. Driver’s license no.

Military Service, years Are you a U.S. citizen?

Current employer Address

Supervisor name Phone no. Dates of employment

Beginhere……todocument,inoneplace,alltheinformationyouneedtocreateyourestateplan.takingthisinformationtoyourfirstmeetingwithyourestateplanningattorneywillhelpfacilitatetheplanningprocess.itwillalsohelpyoulocateandorganizeallyourimportantdocuments,givingyoupeaceofmindandassuringyourwishesandyourlegacywillbehonored.

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myspouse

Name

Address

Home phone Cell phone

Email address Birth date / Place of birth

Social Security no. Driver’s license no.

Military Service, years Are you a U.S. citizen?

Current employer Address

Supervisor name Phone no. Dates of employment

myparents

Mother’s name Father’s name

Address Address (if different)

Home phone/Cell phone Home phone/Cell phone (if different)

Birth date/Place of birth Birth date/Place of birth

Date of death/resting place Date of death/resting place

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spouse’sparents

Mother’s name Father’s name

Address Address (if different)

Home phone/Cell phone Home phone/Cell phone (if different)

Birth date/Place of birth Birth date/Place of birth

Date of death/resting place Date of death/resting place

children(include children from previous marriages and adopted children)

(Child 1) Name Birth date Social Security no.

Spouse’s name

Address Notes

Grandchildren’s names/Birth dates

(Child 2) Name Birth date Social Security no.

Spouse’s name

Address Notes


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“After examining various nonprofit rankings, I was impressed to find Easter Seals had

glowing ratings.”—Anthea Durón

(Child 3) Name Birth date Social Security No.

Spouse’s name

Address Notes


(Child 4) Name Birth date Social Security No.

Spouse’s name

Address Notes


If you have more children, list them on a separate sheet of paper and keep it with this guide.

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otherimportantinformation

accountant

Name/address/phone number

estateplanningattorney

Name/address/phone number

carinsurance

Insurance Company Policy Number

homeowners/rentersinsurance


long-termcareinsurance


log-inandpasswordstoyourcomputerandanyothersitesthatcontainnecessaryinformationforyourexecutorortrusteetoadministeryourestatewishes:

Computer Log-in Password

Website Log-in Password



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whowillserveasguardianformychildren?

If you have dependent children,oneofthemostimportantdimensionsofestateplanningisidentifyingwhoshouldserveassubstituteparentifbothparentsdieorbecomeincapacitated.choosesomeoneyouknowwellandwhosharesyourgoals,values,andparentingstyle.thispersonshouldbeyoungenoughtoseetheirresponsibilitiesthroughtoyourchild’sadulthood.

guardiansformychildren

(1) Name Address/Phone

(2) Name/Alternate Address/Phone

whowillmakehealthcaredecisionsformewhenican’tmakethemformyself?

A Durable Power of Attorney for Healthcareisalegaldocumentthatdesignatessomeoneyouchoosetomanagehealthcaredecisionsonyourbehalfifyouarenolongerabletodoso.choosesomeonewhoknowsyouverywell,caresaboutyou,andwhocanmakedifficultdecisions.

powerofattorneyforhealthcare(myself)


mypersonalrepresentativesyouwillneedtoidentifyasmallcircleofindividualsyoucandesignatetocarryoutyourwishes.thefollowingpagesexplainwhat’sneededandgivesyouspacetonametheseimportantpeople.


powerofattorneyforhealthcare(spouse)



whowillmakefinancialdecisionsformewhenican’tmakethemformyself?

A Durable Financial Power of Attorneydesignatessomeonetomanageyourfinancialaffairsifyouarenolongerabletodoso.thispersonwillpayyourbills,manageinvestments,filetaxes,etc.

powerofattorneyforproperty(myself)



powerofattorneyforproperty(spouse)



“It’s a good organization from a physician’s standpoint. We were looking for a national organization with a proven

background and a broad reach. We were very pleased.”

—Dr. Robert & Mrs. Phyllis Bolt

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whowillserveaseXecutorofmyestate?

The executor, sometimes called a personal representative,isthepersonwhosettlesyourestateandcarriesouttheinstructionsinyourwill.considerthesizeandcomplexityofyourestatewhenchoosingyourexecutor.

eXecutorofestate(myself)



eXecutorofestate(myspouse)



whowillserveastrusteeformylivingtrust?

If your Will leaves assets to a trust, theexecutorwilltransferthoseassetstothetrusteefordistributiontothebeneficiariesorforcontinuedmanagement.

trustee(myself)



trustee(spouse)



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realestate

(1)Primary Residence address Name(s) on title

Purchase Price Current Value (approx.) Loan Balance/Bank

(2)Vacation property address Name(s) on title


(3)Investment property address Name(s) on title


assetsthisworkbookcanbeavaluabletoolfordevelopingafullandcompletelistofyourassets.thisinventorywillhelpyouidentifythevalueofyourestate,guideyourdecisionsaboutpassingonordisposingofpossessions,andwillalsohelpyourpersonalrepresentativeintheadministrationofyourestate.

whenyoucompleteyourassetlist,makeyourbestestimateastothevalueofeachitem.thiswillhelpdeterminewhetherspecialprovisionswillberequiredinyourestateplanorwill.addaseparatesheetofpaperasnecessaryifyouneedmorespaceinaparticularsection.

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cash/Brokerageaccounts(non-ira)

includescheckingaccounts,cds,moneymarketaccounts,brokerageaccounts

accounttype account# institution ownername

Checking 12345678 Your Community Bank John Smith

value$2,000asof9/30/2011

value____________asof____________

value____________asof____________

value____________asof____________

retirementaccounts

includespensions,profitsharing,iras,401ks,403Bs,simple/sep,keoghplans,etc.

accounttype account# institution ownername

value____________asof____________Beneficiary:____________________________



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stocks,Bondsandmutualfunds(notheldinaBrokerageaccount)

description datepurchased costBasis ownername

100 shares ATT 10/1/1998 $2500 Sue Smith

commercialannuities

institution account# value ownername

Beneficiary:_________________________costBasis:_________________




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charitaBlegiftannuities

organization annuitant(s) donationamount

lifeinsurance

company policy# insured owner

deathBenefit:$_______________________Beneficiary:______________________



Businessinterestsowned(partnerships,proprietorships,corporations)

nameofcompany address costBasis

title/ownership:_______________________________________

title/ownership:_______________________________________

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additionalassetsnotlisted(includeownerandvalue)

liaBilities(otherloansordeBtinadditiontomortgages)

loanamount payaBleto: for:

locationofdocumentsandotherpossessions

safedepositBoX

Location Number Location of Key

Co-owner, if any

storagelocker

Storage unit name/address Unit # Access Code

List other places and locations of keys, if applicable, where important items may be found:

takingcareoflovedoneswithspecialneeds

ifyouarecaringforachildorotherlovedonewithspecialneeds,youarelikelyconcernedaboutwhowilltakecareofthemafteryou’regone.willtherebeenoughmoneytotakecareofthemandcontinuethequalityoflifeyouhaveprovidedduring

yourlifetime?aspecialneedstrustcanensurethatassetsyouleaveyourlovedonewillbeavailablefortheirsupplementalneedsandnotjeopardizeanygovernmentbenefitstheyreceivethatprovidefoodandshelter.

specialneedstrustsareacomplexareaoflawandrequirespecializedexpertisetobedraftedcorrectly.many,butnotall,estateplanningattorneysareexperiencedinspecialneedstrusts.Besureyourattorneyisfamiliarwithspecialneedstrusts.feelfreetoaskhowmanyheorshehaswritten.youmaywanttoaskotherfamilieswithspecialneedsfamilymembersforareferralorsearchtheinternet.

youwillneedtoselectsomeonetoserveastrusteetomanageaspecialneedstrust.keepinmindthatatrusteeandguardianarenotoneandthesame.trusteesoverseetrusts;guardianshandlepersonalandlegalaffairs.typically,trusteesareclosefamilymembersorfriends,butthetrusteecanalsobealawyer,abank,oracommitteecomposedofoneortwofamilymembersandafinancialadvisor.goodtrusteesaregenerallygoodpeoplewithgoodheartsandgoodmoneyskills.considerwhomightserveyourlovedoneintheveryspecialroleoftrustee.trusteesforspecialneedstrust



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howtoincludeeastersealsasaBeneficiary

therearemanyoptionsformakingeastersealsabeneficiaryofyourestate.thetwomostcommonandmostflexibleareagiftbybequestoragiftofretirement

planassets.abriefdescriptionofthesegiftsfollows.todiscussothergiftoptions,consultwithyouradvisororcontactourgiftplanningoffice,(800)221-6827ext.7135.

Bequests

herearethemostcommonkindsofbequestswithsamplelanguagefornamingeastersealsasabeneficiary.youmayalsochangeyourbeneficiariesatanytime,shouldyourcircumstanceschange.

residualBequest

giveswhat’sleftafteryourfriendsandlovedonesareprovidedfor.thisisaverypopularchoiceforcharitablebequestsbecauseitensuresthatlovedonesreceivetheirdistributionbeforeanydistributiontocharity.

“I devise the residue of my estate, after the satisfaction of all specific bequests and the payment of all taxes and other costs attending my death, to Easter Seals, Inc., a not-for-profit corporation, Tax ID# 36-2171729, with principal offices currently located at 233 South Wacker Drive, Suite 2400, Chicago, Illinois 60606.”

general/fiXeddollarBequest

astatedsumofmoney,usuallycash,toabeneficiary.

“I bequeath the sum of $____ dollars to Easter Seals, Inc., a not-for-profit corporation, Tax ID# 36-2171729, with principal offices currently located at 233 South Wacker Drive, Suite 2400, Chicago, Illinois 60606.”

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percentageBequest

enablesyourbequeststogrowasyourassetsgrow.

“I bequeath to Easter Seals, Inc., a not-for-profit corporation, Tax ID# 36-2171729, with principal offices currently located at 233 South Wacker Drive, Suite 2400, Chicago, Illinois 60606 an amount equal to ______ percent of the net value of my estate as finally determined for federal estate tax purposes.”

contingentBequest

assumesyouwanttoleaveyourentireestatetofamilyandfriends.however,intheeventthatyououtliveanyofyourbeneficiaries,itprovidesanopportunitytodesignateeastersealstoreceivethatportionoftheestate.

“In the event that (name of the beneficiary) does not survive me, I designate Easter Seals, Inc., a not-for-profit corporation, Tax ID# 36-2171729, with principal offices currently located at 233 South Wacker Drive, Suite 2400, Chicago, Illinois 60606 as the devisee of this bequest of (see above for language specific to different types of bequests.)”

giftsofretirementplanassets

Becauseretirementplansaretaxeddifferentlythanmostassets,theymayactuallybecomeataxliability.retirementfundsmaybesubjecttobothestateandincometaxes.donatingaspecificdollaramountorapercentageofaretirementplantoatax-exemptorganizationlikeeastersealsmay,therefore,beanattractiveoption.hereislanguageyoucanusetoincludeeastersealsalongwithotherbeneficiaries:

“Easter Seals, Inc., a not-for-profit corporation, Tax ID# 36-2171729, with principal offices currently located at 233 South Wacker Drive, Suite 2400, Chicago, Illinois 60606.”

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“I feel that if you have something to give, you should try to do what you can. A good many

people like me have worked hard and are blessed with resources. I want my gift to

work as efficiently as possible.”—Alice Meppen

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myBeneficiariesusethissectiontonotehowyouwouldlikeyourassetsdistributedafteryouaregone.thisisagoodopportunitytoprovideforyourlovedones,createalegacyforfuturegenerationsofyourfamilyandforyourcommunity,andtomakeadifferencebygivingtoorganizationslikeeasterseals.

Beneficiariesofthespecialneedstrust

amountor% recipient/organizationname/address

Beneficiariesoftheestate

inmostinstances,aspousewillwanteverythingtheyhavetogototheirsurvivingspouse.however,ifyourspousehaspredeceasedyou,youwillneedtodecidehowyourestatewillbedistributed.

me

iammarried,distributeallofmyestatetomysurvivingspouse.

iammarriedandwishtodistributeallofmyestateasindicatedbelow,ormyspousehaspredeceasedme,oriamsingle,distributemyestateasindicated:

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lovedones,friends&charities

descriptionoftangiBleasset recipient/relationship/address

1

2

3

4

5

6

giftsoffiXedamountsofmoney


giftsofpercentagesofwholeestateorofremainderofestate

percentage recipient/organizationname/address

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spouse

iammarried,distributeallofmyestatetomysurvivingspouse.

iammarriedandwishtodistributeallofmyestateasindicatedbelow,ormyspousehaspredeceasedme,oriamsingle,distributemyestateasindicated:

lovedones,friends&charities

descriptionoftangiBleasset recipient/relationship/address

1

2

3

4

5

giftsoffiXedamountsofmoney


giftsofpercentagesofwholeestateorofremainderofestate

percentage recipient/organizationname/address

we’reheretohelp

tolearnmoreaboutaspecifictypeofcharitablegiftortodiscussoptionsthatmakethemostsenseforyou,contact

ourgiftplanningstaff.

eastersealsgiftplanning233southwackerdrive,suite2400chicago,il60606

(800)[email protected]

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Thank You.

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notes:

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notes:

E A S T E R S E A L SG I F T P L A N N I N G2 3 3 S O U T H W A C K E R D R I V E , S U I T E 2 4 0 0C H I C A G O , I L 6 0 6 0 6

( 8 0 0 ) 2 2 1 - 6 8 2 7 E X T . 7 1 3 5W W W. E A S T E R S E A L S . C O M / L E G A C Y

. A N E A S T E R S E A L S W O R K B O O K ,

PLANNING FOR THE FUTUREP a s s i n g o n Yo u r Va l u e s a n d Va l u a b l e s

Documents

PLANNING FOR THE FUTURE - Amazon S3 · 2018-09-13 · 888-5-TREECE | 305-751-8855 treecefinancialgroup.com email: [email protected] 9999 NE 2nd Avenue, Suite 203, Miami Shores,