1. The MidLife Generation Ages 40 through 62 Children –Some independent, others not Several decades in workplace, job proficient and in peak earning years Conscious of need to save for retirement

2. Concerns of The MidLife Generation  They are the “Sandwich Generation”  Retirement consists of an IRA,401(k) or pension plan, if they are lucky  Replace old “hugs & kisses” Wills  Health still good, but various “aches & pains” noted  Experience suggests concern for long term care

3. The “Sandwich” Generation “ I brought her home and began the painful process of learning to mother my own mother... These days I dress her, plan her activities and take her on short walks – just as she did for me when I was young...I have begun to call my role “extreme mothering” – the care and feeding of people on opposite sides of the life arc.” “ The Life and Times of an Extreme Mom,” by Elizabeth Cohen (originally published in Newsweek magazine, March 4, 2002)

4. MidLife Planning Solutions  Revocable Living Trusts for Probate Avoidance  Maximize Retirement Savings  Long Term Care Insurance  Health Care Powers of Attorney  Gifting to Threshold Generation

6. Revocable Living Trusts  May be single or joint Husband and wife as individuals Joint Trust Successor Trustee(s) Probate Plan of Distribution

7. Phase I Both grantors have management Phase II Survivor has management Phase III Beneficiaries receive property Living Trust, Cont’d.

8. Funding the Trust Real Estate Bank Accounts Stocks BondsPlan of Distribution All property

9. Benefits of Trusts  Management of assets  Protection of minor children  Privacy  Minimizes possibility of will contest  Avoids probate in all states  Can reduce or eliminate estate tax