September/October 2014

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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)