Living Well 60+ January-February 2014

SAFETY continued from Page 14
and be prepared to give CPR if
necessary.
Driving Safety
Braking time can be up to nine
times longer in snowy or icy conditions.
If your vehicle begins to
skid, let off the gas and brakes and
use a quick hand-over-hand steering
technique to turn the front
tires in the direction you want to
go. Keep your gas tank half full to
prevent the fuel line from freezing.
Make sure your tires have
adequate air and routinely check
the tire pressure during winter.
Keep wiper fluid full and replace
shoddy wiper blades. Keep a
long-handled windshield scraper
handy. Store an emergency kit
in your vehicle. Good things to
include in it are: blankets, extra
clothing, water, flashlight, batteries,
battery-operated radio, phone
charger, chemical heaters, jumper
cables, written list of emergency
contacts and any relevant medical
information (conditions, blood
type, allergies, medications), cat
litter or sand for tire traction, a
small shovel, flares, first-aid kit
and non-perishable, high-energy
foods such as nuts and granola
bars. Don’t leave your vehicle
if you’re stranded; wait in it. If
1. Enjoy carefree retirement
living every day
2. Find more time for the
things you love to do –
leave the cooking and
cleaning to us!
3. Nurture your health –
mind, body and spirit
4. Enjoy the peace-of-mind
and security 24 hour
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5. ENJOY FIVE STAR SENIOR
LIVING TODAY!
JAN/FEB 2 0 1 4
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SAVE continued from Page 15 Personnel effects
II. Why do you need estate
you don’t want to rely on Social planning?
Security, relatives or social services Planning is your strategy to overcome
obstacles in preserving your
agencies for your well-being when
you are elderly.
wealth during life and transferring it
after death. The principal obstacle all
Chrysantha Clark, CFP® may be of us face in planning our estates are:
reached at Keystone Financial 1. SUCCESSION
Group, 859.317.8316 or chrysantha.clark@keystoneky.com.
2. DEATH TAX (Federal Estate
Tax)
www.keystoneky.com
3. CONSERVATORSHIP
4. IT IS A PUBLIC PROCESS
* This is a hypothetical example and is not representative
of any specific situation. Your results will
5. LONG DELAYS, UP TO 2
vary. The hypothetical rates of return used do not
YEARS OR MORE
reflect the deduction of fees and charges inherent to 6. VERY COSTLY
investing.
7. AGGRAVATION and STRESS
There is no guarantee that a diversified portfolio III. What methods are used to
will enhance overall returns or outperform a nondiversified
plan an estate?
portfolio. Diversification does not protect
against market risk.
There are three basic methods we
can use to plan an estate?
This material was prepared by MarketingLibrary.Net
Inc., and does not necessarily represent the views of
1. Do nothing
the presenting party, nor their affiliates. All information
2. Create a Will
is believed to be from reliable sources; however
3. Establish a Revocable Living
we make no representation as to its completeness or
accuracy. Please note - investing involves risk, and
Trust
past performance is no guarantee of future results. IV. What happens if I do
The publisher is not engaged in rendering legal,
Nothing?
accounting or other professional services. If assistance
is needed, the reader is advised to engage the services Believe it or not, a majority of
of a competent professional. This information should Americans choose to do nothing.
not be construed as investment, tax or legal advice
and may not be relied on for the purpose of avoiding It has been reported that 70% of all
any Federal tax penalty. This is neither a solicitation Americans have no estate plan. As
nor recommendation to purchase or sell any investment
or insurance product or service, and should not
a consequence, upon their death,
be relied upon as such. All indices are unmanaged and state law dictates how their Estate
are not illustrative of any particular investment.
is distributed. Unfortunately, the
government’s plan has no particular
concern for the best interest in your
family.
V. Is creating a Will a good
THE YEAR WAS 1985… idea?
Many people plan their Estates by
creating a document called a Last
Citations.
1 - money.cnn.com/2012/08/15/pf/expert/latestart-retirement.moneymag/
[8/15/13]
2 - irs.gov/uac/IRS-Announces-2014-Pension-
Plan-Limitations;-Taxpayers-May-Contribute-upto-$17,500-to-their-401%28k%29-plans-in-2014
[11/4/13]
3 - forbes.com/sites/ashleaebeling/2013/11/01/retirement-savings-for-the-self-employed/
Girls” were fast becoming friends [11/1/13] on their first season on TV.
Ronald Reagan was the 40th president.
“The Golden
A gallon of gas cost one dollar and twenty cents.
the vehicle is still running, keep
the exhaust pipe clear to prevent
carbon monoxide poisoning. Tie
Will and Testament. A Will is legal
TRUST continued from Page 22
something brightly colored to And
declaration of how someone wants
your antennae or outside mirror. The Lafayette
ships, corporations, sole proprietorships)
death. Unfortunately, a Will is avery
his or her assets distributed after
Run the engine no more than
10 minutes every hour, leaving a opened 3. Investments (stocks, bonds,
THE YEAR WAS THE 1985… YEAR WAS 1985… poor Estate Planning document
Ronald annuities, Reagan was the 40th tax president. shelters, Ronald Reagan CDS) was the 40th president.
downwind window slightly open
in many cases. A Will guarantees
“The its Golden doors.
Girls” were fast becoming “The friends Golden on their Girls” first were season fast becoming on TV. friends on their first season on TV.
A 4. gallon of Insurance gas cost one dollar proceeds
and twenty A gallon cents. of gas cost one dollar and twenty cents.
for ventilation.
probate.
And And
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3 1
VI. What is Probate?
Succession is the mandatory court
proceeding which completes all
the legal and financial matters of
the decedent. If there is a Will, the
Probate Court reviews it and rules
on it validity. It pays off all creditors
and inventories all assets. Finally,
it changes the title of all the assets
from the name of the decedent to
the names of the beneficiaries name
in the Will. This procedure usually
takes one to three years.
VII. What are the disadvantages
of Probate?
For benefits of court supervision in
Probate, your family will pay a heavy
price.
Excessive fees: Attorney’s fees, Executor’s
fees, Appraisal fees, Court
filing fees and Bond Premiums are
in some circumstances, astronomical.
Excessive delays: Probate averages
between six months and three years
to complete, depending on the
complexity of the Estate. It has been
reported that the national average is
almost two-year delay.
VIII. Have a Revocable Trust;
Make an Easy Transition without
Courts.
ARTIST continued from Page 28
paintings, but it is her determination
that leads her to complete her
efforts.
Hiatt credits Ann Pass and Mary
Neely of Artist’s Attic in Lexington
with the artistic progress she
has made in her paintings. For
the artist, art often tells a story or
evokes a specific emotion.
“Painting is so satisfying that it
allows me to cope with stress and
understand the realness in my
life,” Hiatt said.
Lexington Center for
Acupuncture,
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Acupuncture, Reiki
Treatments & Classes
CALL
859.595.2164
3175 Custer Dr. Suite 303
Lexington, KY. 40517
www.acupunctureky.com