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Where: To help you organize, download your free planning guide at Complete the guide and take it to your attorney. Just as you've helped protect our local farmland and forests, it's important to protect yourself and your loved ones with a will or estate plan. If you are thinking, is that a real thing - you are not alone. National Estate Planning Awareness Week | Henry County Community Foundation. Even if you don't have first-hand accounts, these stories can be powerful. According to the National Association of Estate Planners and Councils website, National Estate Planning Awareness Week was adopted in 2008 to help the public understand what estate planning is and why it is such a vital component of financial wellness. In 2008, Congress recognized the need for the public to understand the importance and benefits of estate planning by passing House Resolution 1499, which designated the third week of October as National Estate Planning Awareness Week. Make Your Social Media Easy to Find. The conversation can then naturally progress to the importance of having an estate plan that will enable their assets to be transferred in the way that they wish, provide for the care of any dependents or pets, and minimize any taxes, court costs, and legal fees. Time Warp: A Brief History of Estate Planning.
Involve other family members in the conversation. Do you have a young family? You ready yourself with an experienced team of professionals who can advise you on a variety of topics relevant to your personal circumstances. You will save your family from the difficult task of identifying your assets. A financial power of attorney will allow you to designate an individual to make financial and property decisions for you should you become unable to handle your own affairs. If you have already taken the steps to get your own estate planning done—BRAVO! That's where estate planning comes in and why it's so essential. There are so many ways to tell the story of estate planning awareness week on social media: - Ask members of your nonprofit board to post on their social media accounts. National estate planning awareness week. October 21-27, 2013 is National Estate Planning Awareness Week, As proclaimed by Congress in 2008. What key topics should you consider? Many organizations are taking this opportunity to inform donors of National Estate Planning Awareness Week via newsletters, sending brochures, and making calls. "Our personalized counseling approach includes access to state-of-the-art document drafting systems that allow for customized family plans, a network of experienced colleagues throughout the country with whom we can collaborate, and superior educational resources that transfers into more thorough and appropriate plans for our clients, " Haslam stated. In part, because it can be an uncomfortable thing to think about or talk about. Here are common misconceptions around estate planning: - "I'm too young!
Michael Smith, JD, Sr. Make sure that you have an advanced directive, also called a living will, which memorializes your wishes concerning your end of life care, such as whether you would like to receive life support if you are in a vegative state or terminal condition. National estate planning awareness week 2022. ABOUT MADISON ESTATE COUNCIL: a member of the NAEPC, the Madison Estate Council is a professional collaborative of local attorneys, financial advisors, certified public accountants and trust officers. Establishing a frank, open dialogue in which you're crystal clear about your expectations for your estate will solve a lot of headaches later on. Calvary Hospital is an industry leader in developing holistic solutions for end-of-life care.
Getting organized should be the first item of business when planning your estate. The startup process, or Phase I, is the most critical and important phase of the planning as it is the mainstay of developing a successful event. Your living will is the document that specifies what medical treatments you want to receive in the event of a serious illness or medical event. You'll need a will to ensure that your children will be cared for by the people you want as guardians. National estate planning awareness week de paris. Visit for a free estate planning guide. Before you can determine who will get your assets after you die, you first need to know what assets you have. That changed in the 12th century when property would automatically pass to the eldest son. Resources such as Emergency Remote Notarization and Witness Orders, 2022 Pocket Tax Tables, and the State Death Tax Chart. Partner Neal D. White, Jr. guides clients, families and spouses through Estate Planning and Elder Law issues that can be intricate and emotionally challenging.
How to Choose an Estate Planning Attorney. So what is an Estate Plan, anyway? Financial Planning Basics, Part II. The world's focus on health, family and charity are all linked to what we, as planned giving fundraisers, try to do every day. Have your family circumstances changed? Finish Your Living Will. These individuals will need to act, possibly quickly, in the event of your death or serious injury. For example, the late Academy Award-nominated actor Richard Widmark entrusted management of his philanthropic legacy to Attorney Weinshank. In addition to protecting those you love, we want to share one powerful way you can support the Henry County Community Foundation in your estate plans that will cost you nothing during your lifetime- making a gift of your will. Your continuous engagement with HHF not only enables this critical work, but it also helps us plan for a future that improves the quality of life for the 48 million Americans affected by hearing loss. The BackStoppers is very grateful for this support. Many of the respondents said this was due to procrastination, but many others mistakenly believed that it was not necessary because they did not have many assets. National Estate Planning Awareness Week Offers Important Reminder. Based in the Litchfield office, he may be reached at. Life changes fast, so it is recommended that you update your will at least every five years.
About Cramer & Anderson. This information should be kept in a safe place and shared only with trusted family members or loved ones. Estate Planning Awareness Week provides us with an annual reminder to look at some of the following issues affecting clients: Family Check. Learn more about CalvaryCare® and supporting our mission. Do you have a plan in place for your pet? Your estate plan can also be used to support charitable causes that matter most to you, such as the quality programs and educational services offered to our community by KPBS. How to Talk with Your Family About Estate Planning. Make a List of Your Assets. For more information, see the firm's website or call the flagship office in New Milford at (860) 355-2631. National Estate Planning Awareness Week –. There's no better moment than now to make a plan. Look through your planning documents to see if updates to your plan and your beneficiaries are needed due to family events (like marriages, births, divorces or deaths).
These critical and necessary documents should all be completed in writing, and the contents should be shared with the person, or persons, named. In 2022, it will take place the week of October 17-23. I will be celebrating NEPAW by exploring a different estate planning topic each week during the month of October as a guest blogger on Jeff's Blog. You can also call our office at 1-800-756-5596. It's a great tool for organizing all the important information you and your estate planner need to know when creating your custom estate plan. "While many name heirs or other family members in their will, individuals can also name specific causes or organizations they care about to provide long-lasting charitable support for the community. CHS is proud to offer a free PETtalk webinar, "Can You Trust Your Pet? " If your plan is more than five years old, check with your estate planner to determine if any changes are needed to stay current with, or prepare for, tax law changes. Helping your supporters create their wills is not only kind, but presents you with your last big opportunity of the year to promote legacy giving before donor attention shifts to families, holidays, and end-of-year giving. "The key to removing some of the anxiety surrounding estate planning is education and awareness.
Why don't more people have an Estate Plan? Now is a great time to start thinking about the legacy you are leaving behind for your spouse and your children. While it's often noted that more than 50 percent of adult Americans don't have an estate plan, one new survey indicates that it may be closer to 70 percent of adults who lack an estate plan. A few simple steps today will give you peace of mind tomorrow by ensuring you and your loved ones are well protected. For example, individuals can direct a planned gift to the nonprofit organizations that best align with their charitable interests. Proper planning encompasses not only the event of death and passing on one's wealth but also, life situations that often face unprepared. You are subject to Illinois estate tax if you are an Illinois resident, or you are not an Illinois resident but have Illinois real estate or tangible property located in Illinois and you have more than $4M in total assets including your life insurance (based on the death benefit) and retirement assets.