2. 1 A Gift of Answers Ed Howat, Jr., CLU, ChFC, LUTCF, RCC Addie Woods Consulting Co 651.405.6644 ed@addiewoods.com Neither Addiewoods nor its representatives give tax, legal or financial advice. Please consult with an attorney, tax or financial advisor for such advice. Peace of mind is about the pursuit of a mental state of calmness, serenity and comfort. There is no guarantee that it will be achieved.

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4. 3 BIRTHDEATH

5. 4 It’s About Your Movie Where did it start? Where is it now? Where is it going next? How is it going to end? You may still have time to write the last ACT!

6. 5 It’s About Your Movie Heritage Values Dreams “Life is what happens to you while you're busy making other plans." -- John Lennon Experiences

7. 6 “Have you claimed your place at the fire?” – Richard Leider - Author “Whenever an older person dies, another museum closes.” -- Scott West - Author Will your estate pass on with a deep sense of heritage*, or will the past die with you? *Heritage: something possessed as a result of one's natural situation or birth? What is your family’s heritage?

8. 7 The Best Gift   What would you like to know about your family’s past? Can you still find the information?   How much do you know about all the people in your family’s photo albums, home movies and recordings?   Are there any questions that you would ask your parents, or grandparents if you had another chance?   What do you want your family to remember about the past?   What traditions, values and beliefs need to be permanentized? What could be better than a gift of answers?

9. 8 The Best Gift   What made it difficult to deal with your parents’ death?   What could they have done before they died to make things easier for you to wrap up their lives and their estate?   Upon reflection, what could you do to make it easier for your family to deal with your death? What could be better than a gift of answers?

10. 9 Finishing the Movie   How do you want your movie to end?   What do you want your family to remember about you?   What do you want your family to remember about your parents and grandparents?   If you could share five things about life with your children and grandchildren, what you tell them?   Would you like to offer specific advice to anyone in particular?   Are there any relationships that need repair?   Who is prepared to take over your role as head of the family? http://video.google.com/videoplay?docid=440900812139281725

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13. 12 Stuff Happens… Are you prepared for an Emergency?

14. Life Happens http://www.lifehappens.org 13

15. 14 Death is inevitable; the mess is avoidable “The lack of knowledge deprives people the opportunity to mourn.” -- Martin Kuritz - Author

16. 15 What are you leaving to chance?

17. 16 Have you ever called the babysitter because you forgot to tell her something?

18. The Safe $58 Wal-Mart 17

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20. Titling of Assets Individual/Joint Assets Fixed / Equity Investments Charitable Giving Gifting to Children Risk Management Liability Issues Annuities Fixed /Variable Future Inherited Assets Private Banking Liquidity Cash Assets Income Protection Cash Flows Debt Management Employee Benefits Deferred Comp Stock Options Longevity Planning Life Events “Bucket List” Special Needs Planning Legacy Planning Ethical Wills Life Insurance Protection Distribution Planning Tax Planning Estate Planning Wills/Trusts The Beneficiary Book Business Succession Planning Qualified Plans IRA 401(k) P C A E E DNIM The Wealth Management Blueprint This list is not intended to be exhaustive or complete. None of the products, resources or services mentioned above are provided by Addie Woods. Projects requiring legal, tax, or financial advice, or other services not provided by Addie Woods or its representatives will be referred to the appropriate professional (s). Peace of mind is about the pursuit of a mental state of calmness, serenity and comfort. There is no guarantee that it will be achieved. 19

21. 20 Does your family’s legacy come with an owner’s manual? Owner’s Manual Peace of Mind

22. 21  Intestate Succession.  Probate & Wills.  Joint Tenancy (w/survivorship rights).  Beneficiary Designation.  Revocable Trust.  Irrevocable Trust. Asset Transfer At Death

23. 2222 Last Will & Testament

24. 23   Designates Personal Representative   Designates transfer and distribution of real & personal property   Does not control jointly held property   Does not control property that passes by contract   Does not avoid Probate Last Will & Testament

25. 24   A way to be remembered and to leave something behind   Who will tell your story if you don’t?   A way to put into writing what you value most and what you stand for.   By articulating what you values now, you can take steps to insure the continuation of those values for future generations   You will learn a lot about yourself in the process   You will come to terms with your mortality by creating something of meaning that will live on after you are gone   It provides a sense of completion in your life Ethical Wills This is the wrapper and the bow around all that you own

26. 25 Created by will Included in probate estate Comes into existence upon death and is irrevocable Testamentary Trusts

27. 26 Beneficiary Designations

28. 27   Insurance Policies   Retirement Accounts   Annuities Beneficiary Designations

29. 28 Jointly – Held Property

30. 29   Joint tenancy with right of survivorship   Tenancy in common   Tenancy by the entirety Jointly-Held Property

31. 30 Revocable Living Trusts

32. 31   Avoids probate of the property in the trust   Provides for property management or disbursement;   Assures uninterrupted income and access to principal for family beneficiaries;   Maintains privacy   Eliminates time delays and reduces expenses in settling the estate Revocable Living Trusts Legal document for management and distribution of property. The trust, like a will, can be modified or eliminate d at any time.

33. 32 Durable Powers of Attorney

34. 33   Attorney-in-fact – acts as your legal representative   Manages non-trust assets   Files Tax Returns   Manages assets until you recover or die Durable Power of Attorney

35. 34 Health Care Directives

36. 35   Designate person(s) to make medical decisions   Establishes and communicates your health care wishes Health Care Directives

37. 36 HIPPA Authorizations

38. 37   HIPPA limits access to protected health care information   Designation of authorized recipient of your protected health care information HIPPA Designation

39. 38 The Most Qualified Executor Who is the most qualified person to handle the final affairs of your estate? If you won’t be around to do it yourself, who has the information to do it right?

40. 39 Is it possible that your movie script will be completed by someone else? But…

41. 40 Questions Will your spouse have to search for a:   Financial Advisor?   An Accountant?   A Lawyer?

42. 41 Now what happens when you’re no longer “available”? Will your heirs have ready access to all the information they need to handle your estate? Making Things Easier for Your Heirs

43. 42  Take medications?  Have life insurance?  Have a lawyer?  Have an investment advisor?  Have IDs and Passwords?  Have “final “arrangements”?  Have a disaster recovery plan? Making Things Easier for Your Heirs Do you:

44. 43 Your heirs, executor, administrator will need to know:  The location of al important documents,  how to contact certain people and a lot more! Have you recorded all that information?  Where?  How?  Who knows where it is? Making Things Easier for Your Heirs

45. 44 The Owner’s Manual http://www.active-insights.com

46. The Family Love Letter http://www.familyloveletter.com

47. Ethical Wills http://www.ethicalwills.com

48. "The Gift of Answers is about you and what you want people to know and remember. It is your movie, your heritage and your life. It’s designed to tell everyone where everything is – and advise them what to do once they find it. 47 Gift of Answers

49. 48 Some items you might not think of on your own  Location of circuit breaker box  Where to turn off water supply  Utility companies – how to contact  Credit card information  Alarm system code & password  Home maintenance companies (lawns, pool, etc,)  Doctors, medication, etc. Making Things Easier for Your Heirs

50. 49 When The time comes, will the scripts be ready? Owner’s Manual Peace of Mind