March 2018

More documents

Recommendations

Info

FINANCE It’s never to late to start ESTATE PLANNING by Olivia S. Chiong, Esq. New Year’s resolutions. We make them and try to keep them. Whether it’s getting into shape, spending more time with our family, or finally cleaning out the guest room closet, resolutions usually make it to the end of January. It’s not too late to accomplish one resolution that is often left neglected — establishing an estate plan. Regular meetings with your financial advisor and accountant are important to help secure your family’s financial future, but meeting with an estate planning attorney is a vital part of any financial plan. After all, even the best investment strategy is meaningless if your carefully managed assets are lost due to an ineffective, inappropriate, or nonexistent estate plan. A comprehensive estate plan addresses three major concerns. 1) Arrange your assets so they most effectively and efficiently pass to your intended beneficiaries. 2) Protect the inheritance of any special needs beneficiaries such as a disabled child or grandchild. 3) Plan for the possibility of your future incapacity or illness to best ensure that your estate planning desires will be carried out. Usually, the first step when meeting with your estate-planning attorney is an initial consultation to review your current assets and estate planning goals. A firm should provide clients with a questionnaire to complete prior to consultation. This allows the planner to understand the client’s unique circumstances. That way the meeting can be more productive and focused on how to best address the client’s concerns. At a minimum, every estate plan should include a last will and testament and a set of advance directives. While it is often advisable to title assets jointly or in payable on death accounts so as to avoid probate, having an up-to-date Will provides a valuable safety net should direct inheritance methods fail (if, for example, one of your beneficiaries predeceases you) as well as providing a method to handle any unforeseen assets that become part of your estate such as a wrongful death settlement. Advance directives allow you to designate who you wish to handle your legal, financial, and medical affairs if you cannot handle them yourself. Advance directives are tailored to the needs of the client and usually include a general and durable power of attorney, a designation of health care surrogate, and a living will. An elder law and estate planning firm must be mindful of factors that can impact a client’s estate planning goals, such as the possibility of long-term care in an assisted living or skilled nursing facility. Often, firms can help clients qualify for public benefits like veteran’s benefits or Medicaid, while maintaining their estate planning desires, to the extent possible. What if you already have an estate plan in place? You’re ahead of the game. But life is not static. It is recommended that you review your estate plan every two to three years or after major life changes, such as the birth of a child or grandchild, the passing of a loved one, or a change in your health. January is over, but it’s not too late to make <strong>2018</strong> the year you address your estate planning needs. Then you can finally get to work on the guest room closet. P Olivia S. Chiong is an associate at Feldman & Feldman, Counsellors at Law, P.A. Her practice focuses on elder law, estate planning, probate and trusts, and guardianship. 60 MARCH <strong>2018</strong>
Your Pets Will Love Us, We “Shih-Tzu” Not! Meet the Doctor -FREE Consultation Kelly Saporito, DVM NEW LOCATION! www.coco-park.com Se habla español 954-698-6722 4800 W. Hillsboro Blvd, Suite A14, Coconut Creek COMPLIMENTARY PHYSICAL EXAM FOR ONE PET UP TO $52 VALUE NEW CLIENTS ONLY. ONE PET ONLY. CANNOT BE COMBINED, EXPIRES 3/31/18 * OVER 550 POSITIVE REVIEWS ON GOOGLE * HIGHEST RATED ANIMAL HOSPITAL IN SOUTH FLORIDA AREA GOOGLE the PARKLANDER 61
Page 1 and 2:
Parklander the THE FAMILY FRIENDLY
Page 3 and 4:
IN MEMORIAM Scott Beigel, 35, Coral
Page 5 and 6:
CORAL SPRINGS MAYOR SKIP CAMPBELL T
Page 7 and 8:
Serving Parkland, Coral Springs, So
Page 9 and 10:
ALL-AROUND AMAZING Live the 55+ Res
Page 11 and 12: For Current Pricing & Virtual Tour
Page 13 and 14: ART AND CUSTOM FRAMING MIrrors MUNN
Page 15 and 16: the PARKLANDER 13
Page 17 and 18: Local students invited to Washingto
Page 19 and 20: Your fulltime, hands-on, results or
Page 21 and 22: VEHICLE CRASHES • WRONGFUL DEATH
Page 23 and 24: OUTDOOR KITCHENS • FIREPLACES •
Page 25 and 26: have lost to the disease. Lighted l
Page 27 and 28: 4690 North State Road 7 #107B - Coc
Page 29 and 30: WE OFFER PICKUP & DELIVERY SAVE TIM
Page 35 and 36: Parkland’s Premier Pilates/Barre
Page 37 and 38: • CUSTOM LANDSCAPING • DESIGN &
Page 39 and 40: COME OVER TO THE EAST SIDE! $4,198,
Page 41 and 42: STABILIZER BILLED BI-ANNUALLY the P
Page 43 and 44: Phantom Motorized Retractable Scree
Page 45 and 46: *Now Open* Promenade Coconut Creek
Page 47 and 48: The Fetterman & Fetterman Wealth Ma
Page 51 and 52: Abacus Animal Hospital Abacus Anima
Page 53 and 54: -High quality at affordable prices
Page 55 and 56: Office: 954-369-0090 www.sfladvisor
Page 57 and 58: Our Programs Develop Children’s S
Page 61: CYPRESSHEAD • PARKLAND This 6 BR/
Page 65 and 66: DIvoRCE-PEACEFuLLy The financial an
Page 67 and 68: Trial Lawyers Trial Lawyers SOMERA
Page 69 and 70: USA Today recommends reading these
Page 71 and 72: THE WAY WE DESIGN: Simple clean lin
Page 73 and 74: Broward Stage Door Theater will mov
Page 75 and 76: Reserve Your Easter or Passover Mea
Page 77 and 78: A popular appetizer is dolmades (tr
Page 79 and 80: Experience • Savor • Enjoy Come
Page 81 and 82: ock formation. We got to see and he
Page 83 and 84: SCOTS UNLOCK THEIR CREATIVE POTENTI
Page 85 and 86: School HERON HEIGHTS ELEMENTARY by
Page 89 and 90: Register Online at www.cityofParkla
Page 91 and 92: For campers of alL ages Non-stop fu
Page 95 and 96: WHEN IT’S SERIOUS. Sometimes it c
Page 99 and 100: IS BACK IN SOUTH FLORIDA JUNE 11-15
Page 101 and 102: Hey Torn and heartsick, When it com
Page 103 and 104: Dr. David A. Yudell & Associates LI
Page 105 and 106: At this time, islet transplantation
Page 107 and 108: ALL BETTER PEDIATRIC GROUP OUR PASS
Page 109 and 110: A community of family. Making the d
Page 111 and 112: Premier Drug and Alcohol Treatment
Page 113 and 114:
ADVERTORIAL Broward County Reside
Page 115 and 116:
W e s t r o n g l y b e l i e v e t
Page 117 and 118:
COMMON GROUND Religion’s relevanc
Page 119 and 120:
ankruptcy filings are taking place.
Page 121 and 122:
O: 954-617-8113 info@travelcbs.com
Page 123 and 124:
Seamless Seamless Edge Edge Sinks S
show all

March 2018

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?