Regularly we hold seminars with tried and true topics such as “What Every Retiree Needs to Know About Wills, Living Wills & Living Trusts,” “7 Secrets You Need to Know (to Protect Your Home, Your Assets, and Your Family From the Costs of Long-Term Care)” or “Costly Myths of Estate Planning: What You Really Need To Know.” In January of most years we have our popular "Get Your Ducks in a Row Seminar." Other times we offer special topics.
Our upcoming seminar is titled:
"5 Planning Steps for the Second Half of Life that You Need to Take to Protect Yourself, Your Family and Your House"
For over twenty years we’ve been listening to clients’ concerns and helping them explore options. Many aspects of the laws we work with daily are often misunderstood. We’ve designed a special, no-charge, no-obligation seminar to explore and discuss the planning you need to consider. We’ll try to address related questions, misunderstandings and fears. For example, we will explore:
✓ How does pre-planning for long term care avoid impoverishing yourself and your loved ones?
✓ Why is expressing your health care wishes so that your life is not artificially prolonged by life support important and how do you do it?
✓ Why is it so important to implement protections for family members with special needs or those in special circumstances?
✓ When is probate good and when is probate “bad”?
✓ How can gifting be helpful sometimes, but hurtful other times?
We’ll also explore topics related to the common (and all too often false) beliefs that many people hold about planning their estates and managing all they worked so hard for in their lives. For example, do you know the differences between probate and non-probate assets? Or the effects gifting has on Medicaid or the COPES program? What do you have to do in order for your family to make choices about your estate when you are gone? This information can prove vital when used and can be catastrophic if swept under the rug.
What about death taxes and probate? Both sound pretty scary and expensive. But actually there are times where probate helps families save thousands of dollars. There are other times when probate should be avoided to save the family its costs. We’ll talk about when probate is good and when it should be avoided.
Did your tax advisor assure you that you can make gifts to your children so long as they are less than $15,000 per year? These rules are pretty technical, and so we will explore the ins and outs as well as when making those gifts can cause you lots of problems. The laws in this area are constantly changing, and we want to be sure you hear the basics of current gift and transfer rules according to both the IRS and Medicaid.
Our seminar will be held:
Thursday, February 7 at 10 am & 2 pm
Attendance at this seminar is free, but SEATING IS LIMITED! You can reserve your spot by calling (360) 857-0858. If you don’t get through the first time, leave a message and we’ll call you back.
Looking forward to seeing you on the 7th!
Beckie J. Pettis J.D.
Karen L. Webber J.D.
Margaret Madison Phelan J.D.
Phelan Webber Pettis P.S.