September/October 2014
Transcription
September/October 2014
YOU…Are Invited! YEAR-END ESTATE PLANNING Eskaton Foundation offers estate planning workshops as a service to residents, their family members, and other people who support Eskaton. Local professionals lead participants through estate planning and related topics, e.g. why estate planning is essential for everyone; planning for disability; when to update your estate plan; pay zero capital gains taxes on appreciated stock and real estate; probate; what to do when your spouse dies, and more. If you are interested in establishing or updating your estate plan, these are sessions you won’t want to miss. October 23, 2014 2:00 p.m. to 4:00 p.m. Eskaton Village Carmichael 3939 Walnut Avenue Carmichael, CA To reserve a seat, please contact Lisa Smoley at [email protected] or 916-334-0810. EMPOWERING SENIORS: SIMPLE WAYS TO PROTECT YOURSELF FROM FRAUD Financial abuse is the fastest growing but often underreported form of elder abuse in the United States. This symposium will educate older adults about how to protect themselves. Representatives from the Office of Attorney General Kamala D. Harris and the financial literacy program at Wells Fargo will be speaking. Space is limited. Reservations are required. In the meanwhile, you can access identity theft prevention materials at the Office of the Attorney General’s website at http://www.oag.ca.gov/idtheft. October 29, 2014 3:00 p.m. to 6:00 p.m. Eskaton Village Roseville Village Center 10001 Diamond Creek Boulevard Roseville, CA You Can Use Advance Health Care Directive: What’s Important to You Proper Estate Planning YOU… Are Invited! October 23 Year-End Estate Planning October 29 Empowering Seniors: Simple Ways to Protect Yourself from Fraud WHAT…You Can Do CHARITABLE GIFT ANNUITY GET INCOME FOR LIFE AT A GUARANTEED RATE! Call Eskaton Foundation today to find out exactly how you could benefit! 916-334-0810 NEWS… Your Age (When you establish your gift annuity) 90 85 80 75 70 September / October 2014 ADVANCE HEALTH CARE DIRECTIVE: WHAT’S IMPORTANT TO YOU By the Office of the Attorney General, State of California Department of Justice An “advance health care directive” lets your physician, family and friends know your health care preferences, including the types of special treatment you want or don’t want at the end of life, your desire for diagnostic testing, surgical procedures, cardiopulmonary resuscitation and organ donation. By considering your options early, you can ensure the quality of life that is important to you and avoid having your family “guess” your wishes or having to make critical medical care decisions for you under stress or in emotional turmoil. To reserve a seat, please contact Lisa Smoley at [email protected] or 916-334-0810. One of our most popular gift arrangements is the charitable gift annuity, and it pays you back for supporting our work. Never worry about fluctuating rates or which investments are safe. Set up a gift annuity with the Eskaton Foundation and enjoy these great rates for the rest of your life. Senior Clips Newsletter Your Rate (Based on your age) 9.0% 7.8% 6.8% 5.8% 5.1% ADVANCE HEALTH CARE DIRECTIVE CHECKLIST The material prepared for this checklist is intended as informational only and not as legal advice. “If you are unsure of your options or have questions, we suggest that you talk with your physician, your lawyer and other trusted advisors.” • Gather information for decision-making. Your physician is a good place to start for understanding your options on health care treatment at the end of life. In addition, many organizations have information that may be useful. • Discuss your end-of-life decisions with key people. Talk about your decisions with your family, physician and others who are close to you. Some questions to consider for discussion: WHAT… –What is important to you when you are dying You Can Do –Are there specific medical treatments you especially want or do not want Charitable Gift Annuity –When you are dying, do you want to be in a nursing home, hospital or at home My Broker Donates Kim Rhinehelder President Eskaton Foundation 916-334-0810 –What are the options in Palliative Care/Pain Management and Hospice Care? • Prepare your advance care directive form. Under state law, you have a legal right to express your health care wishes and to have them considered in situations when you are unable to make these decisions yourself. California consolidated various earlier forms used to indicate health care preferences into one Advance Care Directive. All valid health care directives executed before July 1, 2000 can remain in effect under California Probate Code section 4701. Earlier forms included Natural Death Act Declaration, Directive to Physicians and Durable Power of Attorney for Health Care. (continued on the next page) NEWS…You Can Use NEWS…You Can Use ADVANCE HEALTH CARE DIRECTIVE: WHAT’S IMPORTANT TO YOU (continued) • Inform key people of your preferences. Notify your doctor, family and close friends about your end-of-life preferences. Keep a copy of your signed and completed advance health care directive safe and accessible. This will help ensure that your wishes will be known at the critical time and carried out. Give a copy of your form to: –The person you appoint as your agent and any alternate designated agents –Your physician While state law requires certain provisions to appear in your health care directive, there is no single form in use to document your wishes. View California Probate Code Sample Form, pdf. A wide array of resources are available on advance health care directives, including FAQs provided by health and hospice care providers such as the California Medical Association. • Designate person to carry out wishes. Select who should handle your health care choices and discuss the matter with them. You could name a spouse, relative or other agent. –Your health care providers –The health care institution that is providing your care –Family members –Other responsible person who is likely to be called if there is a medical emergency Article reprinted with permission from the Office of the Attorney General, State of California Department of Justice. For more information, including resources, please visit http://oag.ca.gov/consumers/general/adv_ hc_dir. SENIOR CLIPS NEWSLETTER 3 PROPER ESTATE PLANNING By Mark S. Drobny, California State Bar Certified Estate Planning Attorney Over half of the people who die in our country don’t even have a Will. Of the less than half who do have an estate plan, more than half of them would have been better with no Will at all. Below are some important facts for you to consider as you plan or update your estate: • Many have not updated their documents to take into account changes in their family and/or finances; • The Federal Estate Tax laws changed dramatically in early 2013 and most married couples need to consider eliminating their AB Trusts to avoid unnecessary restrictions on the surviving spouse’s access to the deceased spouse’s share of the estate and avoid unnecessary legal, accounting and appraisal fees; • A current Advance Health Care Directive and Durable Power of Attorney for Financial Management are crucial to insuring the proper people are in place to handle medical, financial and end of life decisions in case of a major medical event or long term disability; • Interest rates on CDs are less than one percent (1%) and there are safe, guaranteed alternatives that could pay six percent (6%) to nine percent (9%) depending on your age; • Probate can take a year or more and consume tens of thousands of dollars in fees and costs. Only those who fail to properly plan their estate subject their heirs to the unnecessary delay and expense; and • State and Federal Capital Gains Tax rates were increased in 2012 – 2013 to as high as thirty-six percent (36%). Appreciated stock and/or real estate can be sold without paying any capital gains taxes. Would you be interested in paying zero income taxes on your IRA distributions or learning about year-end income tax planning tips from an experienced tax attorney? To learn more about your planning options, please join California State Bar Certified Estate Planning Attorney, Mark S. Drobny, on Thursday, October 23, 2014 2:00 p.m. to 4:00 p.m. Eskaton Village Carmichael 3939 Walnut Avenue, Carmichael, CA Seating is limited. To reserve your seat, contact Lisa Smoley at [email protected] or 916-334-0810. Mark S. Drobny, California State Bar Certified Estate Planning Attorney NEWS…You Can Use NEWS…You Can Use ADVANCE HEALTH CARE DIRECTIVE: WHAT’S IMPORTANT TO YOU (continued) • Inform key people of your preferences. Notify your doctor, family and close friends about your end-of-life preferences. Keep a copy of your signed and completed advance health care directive safe and accessible. This will help ensure that your wishes will be known at the critical time and carried out. Give a copy of your form to: –The person you appoint as your agent and any alternate designated agents –Your physician While state law requires certain provisions to appear in your health care directive, there is no single form in use to document your wishes. View California Probate Code Sample Form, pdf. A wide array of resources are available on advance health care directives, including FAQs provided by health and hospice care providers such as the California Medical Association. • Designate person to carry out wishes. Select who should handle your health care choices and discuss the matter with them. You could name a spouse, relative or other agent. –Your health care providers –The health care institution that is providing your care –Family members –Other responsible person who is likely to be called if there is a medical emergency Article reprinted with permission from the Office of the Attorney General, State of California Department of Justice. For more information, including resources, please visit http://oag.ca.gov/consumers/general/adv_ hc_dir. SENIOR CLIPS NEWSLETTER 3 PROPER ESTATE PLANNING By Mark S. Drobny, California State Bar Certified Estate Planning Attorney Over half of the people who die in our country don’t even have a Will. Of the less than half who do have an estate plan, more than half of them would have been better with no Will at all. Below are some important facts for you to consider as you plan or update your estate: • Many have not updated their documents to take into account changes in their family and/or finances; • The Federal Estate Tax laws changed dramatically in early 2013 and most married couples need to consider eliminating their AB Trusts to avoid unnecessary restrictions on the surviving spouse’s access to the deceased spouse’s share of the estate and avoid unnecessary legal, accounting and appraisal fees; • A current Advance Health Care Directive and Durable Power of Attorney for Financial Management are crucial to insuring the proper people are in place to handle medical, financial and end of life decisions in case of a major medical event or long term disability; • Interest rates on CDs are less than one percent (1%) and there are safe, guaranteed alternatives that could pay six percent (6%) to nine percent (9%) depending on your age; • Probate can take a year or more and consume tens of thousands of dollars in fees and costs. Only those who fail to properly plan their estate subject their heirs to the unnecessary delay and expense; and • State and Federal Capital Gains Tax rates were increased in 2012 – 2013 to as high as thirty-six percent (36%). Appreciated stock and/or real estate can be sold without paying any capital gains taxes. Would you be interested in paying zero income taxes on your IRA distributions or learning about year-end income tax planning tips from an experienced tax attorney? To learn more about your planning options, please join California State Bar Certified Estate Planning Attorney, Mark S. Drobny, on Thursday, October 23, 2014 2:00 p.m. to 4:00 p.m. Eskaton Village Carmichael 3939 Walnut Avenue, Carmichael, CA Seating is limited. To reserve your seat, contact Lisa Smoley at [email protected] or 916-334-0810. Mark S. Drobny, California State Bar Certified Estate Planning Attorney YOU…Are Invited! YEAR-END ESTATE PLANNING Eskaton Foundation offers estate planning workshops as a service to residents, their family members, and other people who support Eskaton. Local professionals lead participants through estate planning and related topics, e.g. why estate planning is essential for everyone; planning for disability; when to update your estate plan; pay zero capital gains taxes on appreciated stock and real estate; probate; what to do when your spouse dies, and more. If you are interested in establishing or updating your estate plan, these are sessions you won’t want to miss. October 23, 2014 2:00 p.m. to 4:00 p.m. Eskaton Village Carmichael 3939 Walnut Avenue Carmichael, CA To reserve a seat, please contact Lisa Smoley at [email protected] or 916-334-0810. EMPOWERING SENIORS: SIMPLE WAYS TO PROTECT YOURSELF FROM FRAUD Financial abuse is the fastest growing but often underreported form of elder abuse in the United States. This symposium will educate older adults about how to protect themselves. Representatives from the Office of Attorney General Kamala D. Harris and the financial literacy program at Wells Fargo will be speaking. Space is limited. Reservations are required. In the meanwhile, you can access identity theft prevention materials at the Office of the Attorney General’s website at http://www.oag.ca.gov/idtheft. October 29, 2014 3:00 p.m. to 6:00 p.m. Eskaton Village Roseville Village Center 10001 Diamond Creek Boulevard Roseville, CA You Can Use Advance Health Care Directive: What’s Important to You Proper Estate Planning YOU… Are Invited! October 23 Year-End Estate Planning October 29 Empowering Seniors: Simple Ways to Protect Yourself from Fraud WHAT…You Can Do CHARITABLE GIFT ANNUITY GET INCOME FOR LIFE AT A GUARANTEED RATE! Call Eskaton Foundation today to find out exactly how you could benefit! 916-334-0810 NEWS… Your Age (When you establish your gift annuity) 90 85 80 75 70 September / October 2014 ADVANCE HEALTH CARE DIRECTIVE: WHAT’S IMPORTANT TO YOU By the Office of the Attorney General, State of California Department of Justice An “advance health care directive” lets your physician, family and friends know your health care preferences, including the types of special treatment you want or don’t want at the end of life, your desire for diagnostic testing, surgical procedures, cardiopulmonary resuscitation and organ donation. By considering your options early, you can ensure the quality of life that is important to you and avoid having your family “guess” your wishes or having to make critical medical care decisions for you under stress or in emotional turmoil. To reserve a seat, please contact Lisa Smoley at [email protected] or 916-334-0810. One of our most popular gift arrangements is the charitable gift annuity, and it pays you back for supporting our work. Never worry about fluctuating rates or which investments are safe. Set up a gift annuity with the Eskaton Foundation and enjoy these great rates for the rest of your life. Senior Clips Newsletter Your Rate (Based on your age) 9.0% 7.8% 6.8% 5.8% 5.1% ADVANCE HEALTH CARE DIRECTIVE CHECKLIST The material prepared for this checklist is intended as informational only and not as legal advice. “If you are unsure of your options or have questions, we suggest that you talk with your physician, your lawyer and other trusted advisors.” • Gather information for decision-making. Your physician is a good place to start for understanding your options on health care treatment at the end of life. In addition, many organizations have information that may be useful. • Discuss your end-of-life decisions with key people. Talk about your decisions with your family, physician and others who are close to you. Some questions to consider for discussion: WHAT… –What is important to you when you are dying You Can Do –Are there specific medical treatments you especially want or do not want Charitable Gift Annuity –When you are dying, do you want to be in a nursing home, hospital or at home My Broker Donates Kim Rhinehelder President Eskaton Foundation 916-334-0810 –What are the options in Palliative Care/Pain Management and Hospice Care? • Prepare your advance care directive form. Under state law, you have a legal right to express your health care wishes and to have them considered in situations when you are unable to make these decisions yourself. California consolidated various earlier forms used to indicate health care preferences into one Advance Care Directive. All valid health care directives executed before July 1, 2000 can remain in effect under California Probate Code section 4701. Earlier forms included Natural Death Act Declaration, Directive to Physicians and Durable Power of Attorney for Health Care. (continued on the next page)