Cornerstone Estate Planning Your Will Be Done Your Will Be Done..

With the information, products and services you need to protect, preserve and maximize your estate. To educate and empower you: From the difficulties associated with the probate process, estate taxes and expenses related to guardianship.

Your home & other real estate Checking and savings Certificates of deposit Money market accounts All personal and business assets Your Estate: Stocks, bonds and other investments Life insurance Personal and household belongings

Your loved ones? Who do you want to inherit your wealth and assets when you die? What percentage of your estate do you intend to pass on to your beneficiaries? 100% To your Beneficiaries 100% To your Beneficiaries

Probate Costs Name: Willon Nate Ridge Hall Crieton Willes Died Oct 01 Jan 02 Aug 99 Jan 02 Feb 99 Jan 02 Settled Mar 03 Feb 03 May 03 Apr 03 Jan 03 Apr 03 Estate 131, ,456 15, , ,656 37,371 Probate 15,000 16,225 4, ,183 19,000 4,737 What that means to you

Six common things people do: Do nothing Give it away now ! Give it away now ! Joint Tenancy Living Trust Will What are my choices Beneficiary p.o.d. Beneficiary p.o.d.

No estate plan No will No trust No strategy If you don’t have a will, the State has one for you. Someone you don’t know may be making decisions on your behalf. 70%

Probate Attorneys Accountants Appraisers Bonds Administrators Executors Debts Taxes Final Expenses Court Costs Time Delays 3 rd party control Your Heirs Your Estate All personal and business assets Without A Will

Give it away!! May not be able to get it back if needed Advantages: You can see your gift at work Disadvantages: Loss of step up basis

Insurance and p.o.d. Not Comprehensive Easy Avoids Probate Disadvantages: Limited in Depth

Joint Tenancy False sense of security Advantages: Property quickly passes Inexpensive to create Most common Disadvantages: Co-owner’s law suits Co-owner’s debts

Probate Attorneys Accountants Appraisers Bonds Administrators Executors Debts Taxes Final Expenses Court Costs Time Delays 3 rd party control Your Heirs Your Estate All personal and business assets Will Without A Will

Advantage Limits claims against the estate Disadvantages: Cost Time delays Lack of privacy Loss of control Your will and the court’s

Is there a way to save yourself from probate A properly prepared and funded Living Trust is your “get out of probate free card”

All personal and business assets Probate Attorneys Accountants Appraisers Bonds Administrators Executors Debts Taxes Final Expenses Court Costs Time Delays 3 rd party control Your Heirs Your Estate Will Living Trust Without A Will

Passes your property to heir(s) PrivacyAvoids Probate 1 st Death Estate Tax Planning Holds and Manages Gifts Medicaid Eligibility Planning Avoids Probate 2 nd Death Avoids Conserva- torship Simple Will x Will W/ Trust xxx Joint Tenancy xxx Insurance or Pay on death xxx Annuity xxxxx Living Trust xxxxxxxx

Conservatorship Inability to manage your property Allows the person of your choice to manage your estate.

Time consuming Emotional costs Financial costs Loss of privacy Problems of Conservatorship Family loses control Family discord Potential for abuse

Revocable Funding: the transfer of your assets from you as a person to yourself as the trustee of your trust. LivingTrust

Revocable Living Trust Give What you want, To Whom you want, When you want!! With a properly funded trust:

3 Trust Positions 1. Settlors A living trust… is a useful, simple and relatively inexpensive way to plan your estate 2. Trustees 3. Beneficiaries

AARP study AARP commissioned a two year study on the probate process. The principal question to be answered was: AARP’s Answer: Absolutely Is getting a Living Trust a valid recommendation?

No court hearings No Attorney fees No executor fees No filing fees No appraisers fees No bond premiums No time delays No public record The marital A-B trust Can pass Federal Estate tax free

Package includes Living trust documents A pour over will Durable power of attorney Healthcare power of attorney Living will Fixed price Limited lifetime guarantee No cost consultation at death..or disability

What’s Next A Living Trust is a great gift to give to your loved ones. Phone

$1, $1, $1, $2, $ $ Single Trust Married Trust Dual Trust A-B Trust Econo Trust Will Experienced Attorneys Professional counseling A revocable living trust Living will A pour over will Durable power of attorney Help in funding trust Transfer documents Complete instructions Changes and updates Annual review Assistance to successor trustee at time of settlement A Living Trust is a great gift to give to your loved ones.

Probate Attorneys Accountants Appraisers Bonds Administrators Executors Debts Taxes Final Expenses Court Costs Time Delays 3 rd party control Your Heirs Living Trust Your Estate All personal and business assets Will Without A Will

Avoids probate No appraisers fees No bond premiums No time delays No public record Trust Avoids Conservatorship

No court hearings No attorney fees No executor fees No filing fees Trust Avoids Probate

“Harvey William Lutz Jr. as Trustee of the Harvey William Lutz Jr. Revocable Trust under Agreement dated 10 th day of March 2010.” The manner in which title to the Trust assets should be is as follows: