July–August 2012 Keys to Protecting Your...

July – August 2012 www.wkchamber.org

2401 Blueridge Avenue, Suite 101Wheaton, Maryland 20902phone: 301-949-0080e-mail: [email protected]

Wheaton&KensingtonChamber of Commerce the

voice

Business banking, lending and insurance strategies wereamong the topics discussed in the presentation led by Philip W.S. Fish, a Certified Financial Planner and VicePresident, Estate Planning Specialist with Sandy Spring

Trust.Phil hasover 23yearsexperiencein theinvest-ment,bankingand trustservicesindustry.

The May 23 Chamber Free Lunch Mixer was sponsored bySandy Spring Bank, and held at the Mid CountyCommunity Recreation Center, 2004 Queensguard Rd,Silver Spring, MD 20906 (240-777-6820).Luis Diaz-Colorado, the bank manager at the Layhill Road(301-774-6400)Sandy Spring Bankcatered the affair,and arranged forthe venue at the new rec center.

Philip Fish gave thefollowing financial,retirement, andestate planningstrategies to prepare you, your family, your business and your decisionmakers for the three major transitions in your life:Retirement, Incapacity and Death.

1. Legal Documents: Do you have the appropriate legaldocuments in place to address your business – Trusts, Wills,Durable Financial Powers of Attorney and MedicalAdvance Directives? Are your business legal documentscoordinated with your estate planning documents?

Looking for more networking opportunities? The Chamberteamed up again with Women Business Owners ofMontgomeryCounty for a chanceto meet up and dobusiness. The June13 NetworkingHappy Hour was at Hollywood EastCafé in WestfieldWheaton Mall’sRestaurant Row(11160 Veirs Mill Road, Wheaton / 240-290-9988).

The hors d’oeuvres were plentiful, and drink specials offeredeveryone a chance to relax and make new friends. WendyHoward, of WH Consulting, arranged the event with

WBO’s CathyNestoriak, of 10 til 2– The Part-TimePlacement Service.

WBO is a volunteernetworking organiza-tion that represents awide variety of

women-owned companies,independent businesses,and for-profit serviceorganizations. Visit the WBO website atwww.wbo-mc.com.

Some of the WBOmembers who attendedwere Naomi Abrams,Carolyn Bruna, AmySchoen, Susan Potter,Tracey Holinka,Ngina Shulman, andDeborah Norris.

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Networking with Women BusinessOwners of Montgomery County:Happy Hour at Hollywood East Café

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Continued on page 4

Keys to Protecting Your Business:Business Succession Planning;Protecting Your Business

Executive CommitteeP R E S I D E N TKathleen Guinan, Crossway Community 301-929-2505

V I C E -P R E S I D E N TMatt Barry, Westfield Wheaton 301-942-3200

S E C R E TA RYKristen Wright, St. Luke’s House, Inc.301-896-4432

T R E A S U R E RJames Onder, Onder CommunicationGroup 301-367-7023

S E R G E A N T- AT-A R M SKenneth Nelson, Mont. Coll. WorkforceDevelopment & Cont. Ed. 240-328-4747

I M M E D I AT E PA S T-P R E S I D E N TMoshe Briel, Moshe Briel AssociatesLLC 301-801-1972

DirectorsPat Durbin, Kaiser Permanente 301-816-6509

Manuel Hidalgo, LEDC 202-540-7408

Michael Kelley, Kensington VolunteerFire Department 301-929-8000

Laura-Leigh Palmer, a.s.a.p. graphics301-942-1121

Ellen Riger, EllenOriginals 301-946-7141

George Sydnor, Fitzgerald WheatonSuzuki 301-933-7400

Kathleen Thompson, Jerry ThompsonAssociates 301-332-6524

Anna Vazzana, Signal Financial FCU301-933-9100 x234

Harold Weinberg, Miles Realty Co.301-933-6161

Tim Wiens, Jubilee Association ofMaryland 301-949-8628 x105

Ex-Officio DirectorsAna Lopez van Balen, Mid-CountyServices Center 240-777-8101

Rob Klein, Wheaton RedevelopmentProgram, Mont. County Dept of General Services 240-777-6016

Pete McGinnity, WheatonRedevelopment Program 240-777-8126

Administrator & Newsletter EditorVicky Surles 301-949-0080

Wheaton&KensingtonChamber of Commerce

Wednesday, July 18, at 7:30 pmThe Lutheran Church of St. Andrew

15300 New Hampshire AvenueSilver Spring, MD 20905

301-384-4394

www.MyStAndrew.org

International Jazz performed by someof Washington’s finest musicians:

Alan Blackman, Ken McNair, PepeGonzalez, Jennifer and Greg Twombley

Joined by world–famous jazz singerImani!

Your free-will donation will benefitlocal Christian missions, includingHispanic, Chinese and Deaf LutheranMinistries.

Supported by matching funds fromThrivent Financial for Lutherans

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The Comedy of Mirrorsby William ShakespeareA fast-moving, hilariously exciting,family-friendly 90-minute productionby the Pallas Theatre Collective.

Performed in theWarner sanctuary at 8 pm on July 26, 27, and 28

at Warner MemorialPresbyterian Church10123 Conn. AveKensington, MD 20985(free parking across Connecticut Ave)

Introduce children, friends and neighbors to the Bard, and re-discoverShakespeare off the page!The Pallas Theatre Collective’s productions have been hailed by LAWeekly, Backstage West, and MarylandTheatre Guide – this production willbenefit Warner’s general fund.Appropriate for ages 3 and up.

(301-949-2900)

Location: Montgomery Village Golf Course, Gaithersburg, MD

Cost:Individual: $125 for 18 holes of golf, golf cart, prizes and meal afterwardsMeal only: $25

Sponsors: $75 for signage at teeFire Chief: $5,000 Deputy Fire Chief: $2,500Master Firefighter: $1,000 Firefighter: $500EMT: $75Contact John Kelly at [email protected] or 301-792-7653Kensington Volunteer Fire Department • www.kvfd.org10620 Connecticut Ave, Kensington, MD 20895

Kensington Volunteer Fire Department

2nd Annual KVFD Golf Tournament

Monday, September 10, 2012

Registration: 8:00 AMTee off: 9:00 AMMeal Only: 2:30 PM

2012 TGIF Summer Concert Series ~ in downtown Wheaton ~ from 6:30 to 8 pmEnjoy live music from top musicians in the DC area every 2nd and 4th Friday through August 24thBring a blanket, chair and your family and friends – and grab a bite to eat from one of the great localrestaurants before or after the show!

Featuring:July 27: Trio Caliente (Latin)August 10: Soul Crackers (Motown)August 24: The Nighthawks (Blues, Roots Rock)

TH A N K YO U T O TH ES E ME M B ER RE N EWA L S!

AccountantsSherwood Associates, Inc.Nancy [email protected]

Arts OrganizationMontgomery Art AssociationCathy [email protected]

Cake & Candy SuppliesLittle Bitts ShopBob & Ann Schilke301-933-2733schilkebob@hotmail.comwww.LittleBittsShopMD.com

CommunicationsOnder CommunicationsJames J. [email protected]

Computer ConsultingWH ConsultingWendy K. [email protected]

Dance InstructionWheaton Studio of DanceShannon Rush-Locke301-949-5111wheatonstudio@hotmail.comwww.wheatonstudioofdance.com

Education/TrainingCrossway CommunityKathleen Guinan301-929-2505kguinan@crossway-community.orgwww.crossway-community.org

Government Services –Montgomery County

Wheaton Redevelopment Program,Planning & Special

Projects, Dept of General SvsRob Klein240-777-6016rob.klein@montgomerycountymd.govwww.wheatonmd.org/discover/redevelopment

Housing/CommunityMontgomery Housing

PartnershipRobert [email protected]

Hospital ServicesHoly Cross HospitalEileen Cahill301-754-7881CahilE@holycrosshealth.orgwww.holycrosshealth.org

NewspapersThe GazetteJim Mannarino301-670-26489030 Comprint CourtGaithersburg, MD 20877

PhotographersPhotography By GrossmanPatricia B. [email protected]

Real EstateGreenhill Realty CompanyLeonard A. Greenberg301-657-2525lgreenberg@greenhillcompanies.comwww.greenhillcompanies.com

RestaurantsHollywood East CaféJanet Yu240-290-9988HollywoodEastCafe@gmail.comwww.HollywoodEastCafe.com

Spotlight on New MemberBeth A. Johnson Income Tax Services

Beth Johnson is an Enrolled Agent who has focused on preventing and curing taxpayer headaches since 2003.

Beth has practiced in the DC metro area for 14 years, andrelocated to Wheaton in 2003. She is happy to work whereshe lives – in the northwest corner of the Sligo Creek watershed – and she values her ties to the McKenneyHills/Carroll Knolls neighborhood and the wider community.

Beth’s clients are individuals with somewhat challengingreturns. Beth works with small businesses (sole proprietors)and U.S. citizens overseas. Many of her clients have tax complications such as rental units or household employees;some have received inquiries from the Internal RevenueService or are facing life events such as bankruptcy that affecttax liabilities.

Beth prepares required annual filings for trusts and estates,and she enjoys helping nonprofit organizations to becomeestablished and to stay in compliance with federal and staterequirements.

“Enrolled Agent” is a designation issued by the InternalRevenue Service for preparing and signing tax returns and for representing a taxpayer before the IRS in an audit or inany other tax matter. Enrolled Agents receive their right topractice from the U.S. Department of the Treasury.

Beth works to ensure that her clients file complete and accurate returns and pay the lowest legal amount of tax.When questions are raised by the IRS or by a state or localtaxing authority, she prides herself on representing her clients honestly, intelligently, and ethically.

With a Master’s Degree in Education, Beth is a long-timeadvocate of continuing education. She creates teaching andtesting programs for other tax professionals.

Many of Beth’s community activities center on the uniquecollection of natural features in Montgomery and surroundingcounties. She has served on the Maryland Native PlantSociety’s Board of Directors for the past 10 years and currently spends much of her free time tracking butterfliesand dragonflies.

Contact: Beth A. Johnson Income Tax Services301-949-6338 / [email protected]://bajtaxprep.com

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TH A N K YO U T O OU R NEW ME M B ER!

Framing/Custom Framing/Art GalleryArtistic Gallery & FramingHassan Lolavar11410 Georgia Avenue, Suite L, Wheaton, MD 20902301-929-8988 / ArtisticFramingGallery@gmail.comwww.ArtisticCustomFramingandGallery.com

8. Medical wishes: Do your decision makers know of your medical wishes as far as assisted living and end of lifepreferences? Do your immediate family and your physicianhave copies of your medical documents? Is your medicaldecision maker comfortable carrying out your wishes?

9. Estate settlement: Have you simplified your holdings to speed up the estate settlement process? Is your decisionmaker prepared for their role? How will your business betransferred at death?

10. Trusts after death: Will your assets be protected afterthey have been transferred to your beneficiaries. Shouldtrusts be created to protect a portion of their inheritancefrom Divorce, Litigation, Bankruptcy and Mismanagement?How will you handle the business with multiple beneficiaries?

Protecting your Family and your Business by addressingthese and other critical questions:

✔ Should I use a Will or a Revocable Living Trust for mypersonal assets?

✔ How should I structure my business to work with myEstate Plan?

✔ How often should my legal documents be reviewed?✔ Will I be exposed to the Maryland Estate Tax?✔ What happened to the Federal Estate Tax in 2011?✔ Who is the best person to name as a Trustee of my

Trust?✔ What should I do if I have multiple children but only

one interested in the business?✔ What should I do if there are multiple owners of the

business?✔ Should I name two or more children as decision makers

in my documents?✔ Will my personal Financial Powers of Attorney work for

my business accounts?✔ What information should I share with my Personal

Representative in my Will?✔ What insurance should I carry for the business?✔ Should I add my son as a signer on my safe deposit box?✔ How should we handle the transfer of the business?✔ How will the taxes owed on my estate be paid without

selling the business?✔ How do I avoid the Federal and State Estate Tax?✔ Will my Doctors honor my wishes in my Living Will?✔ What if I do not have anyone to handle my affairs?

Philip Fish, CFP®, VPEstate Planning [email protected]

2. Fiduciaries: Have you selected the appropriate Trustees,Personal Representatives under your Will and Agents underDurable Financial Powers of Attorneys and MedicalDirectives? Are the same or different people named withinyour business documents to handle illness or death? Howwill they coordinate?

3. Preparation of Fiduciaries: Are your decision makers onthe personal and business side prepared for their role andwhat support will they need? Do they know the location ofyour original legal documents, key contact points (attorney,

account-ant,physician,etc.) andlocationof benefi-ciaries?Is yourbusinessdecisionmaker (ifdifferent)also

prepared for stepping into your role as business owner?

4. Assets, Retirement Plans and Investments: Are yourassets and business titled properly to coordinate with yourlegal documents? How are you handling the business uponyour death? Will your business assets and personal assetscoordinate within one estate plan?

5. Taxes: Do you disinherit the IRS and the State whereyou reside or will they become one of your primary beneficiaries? Do you have appropriate lifetime gifting and estate tax planning strategies in place? How will your

business andretirementaccounts bedistributed toyour heirs?Will yourbusiness haveto be sold topay the taxbill?

6. Insurance:Do you have the right types and amount of insurance foryour needs? Do you have buy sell agreements in place formultiple owners or key man insurance in place for core senior executives?

7. Incapacity planning: Can your primary decision makereasily access money to pay bills during an illness withouthitting legal roadblocks? Do you have different peoplehandling the personal and business issues? Will they getalong? Will lines of credit continue or be shut down affecting payroll and business operations?

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May 23 Lunch Mixer – Business Planning, Lending and Insurance StrategiesContinued from page 1

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Sponsored by

Wheaton&Kensington Chamber of Commerce2013 Community Guide and Membership Directory

Full Page4.5” x 7.5”

Half Page4.5” x 3.5”

1/8 Page2.125” x 1.75”

Advertisement Rates

Payment by: ❏ Check Total Amount $ ________________Payment by: ❏ Visa ❏ MasterCard ❏ AmericanExpress

Account #: ___ ___ ___ ___–___ ___ ___ ___–___ ___ ___ ___–___ ___ ___ ___

Expiration Date: ___ ___–___ ___ Name on Card: ____________________________

Signature: __________________________________________________________

Address Card is Issued to:_______________________________________________

________________________________________Contact Person

________________________________________Company Name

________________________________________Street Address

________________________________________City, State, Zip

________________________________________Phone Number

________________________________________E-mail

Return form, ad info and payment to:Vicky SurlesWheaton & Kensington Chamber of Commerce2401 Blueridge Avenue, Suite 101Wheaton, MD 20902

E-mail pdf files to: [email protected]: 301-949-0080 Fax: 301-949-0081

Deadline is July 31, 2012

Promote your business and connect withWheaton, Kensington, Aspen Hill andarea communities by advertising in the 2013 Wheaton &KensingtonChamber of Commerce CommunityGuide and Membership Directory.

Over 5,000 copies are distributed in local government centers, libraries, new home-owner packages, memberbusinesses, real estate offices, financialinstitutions, and Brookside Gardens – inthis annual marketing opportunity.

2013

Member Non-MemberAdd 25-word description to listing . .❑ $35 N/A1/8 Pg B/W . . . . . . . . .2.125” x 1.75” .❑ $295 ❑ $3951/4 Pg - Horiz B/W . . .4.5” x 2” . . . . .❑ $395 ❑ $4951/4 Pg - Vert B/W . . . .2.125” x 3.5” . .❑ $395 ❑ $4951/2 Pg B/W . . . . . . . . .4.5” x 3.5” . . . .❑ $595 ❑ $795Full Pg B/W* . . . . . . . .4.5” x 7.5” . . . .❑ $895 ❑ $1095

Covers/Premium PositionsInside Front - Color* .4.5” x 7.5” . . . .❑ $1295 ❑ $1495Inside Back - Color* .4.5” x 7.5” . . . .❑ $1195 ❑ $1395Outside Back - Color* 4.5” x 7.5” . . . .❑ $1495 ❑ $1695

* Includes 25-word description of Business with listing

1/4 Page -Vert

2.125” x 3.5”

1/4 Page - Horiz4.5” x 2”

Ad Information❑ Run my ad from last year as is❑ Run my ad from last year with changes❑ I have a new (or different) ad to send❑ I need an ad created (no extra charge)❑ Add description of my business for $35in 25 words or less, to appear with my listing*

_________________________________

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www.wkchamber.org

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Deadline extended to August 7, 2012

TakenTaken

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Photos from the 17th Annual

TASTE OF WHEATON

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Stay Motivated with SMART GoalsTips from LEDC online newsletter:Specific: Being specific means understanding the details.

Put some numbers to what you want to accomplish. Forexample, if you want to attract more clients, write howmany more clients you need.

Measurable: How will you know if you are successful?Think in terms of tangible events: will you hear the ringof the phone? Will you see the dollars rise in your bankaccount? Will you have more contacts?

Attainable: Will you actually be able to achieve your goal?Is there a clear set of strategies that you have the capacityto employ?

Relevant: For the goal to work it must be important to you.You must see it as intimately tied to your larger objectivesand your success.

Time-bound: Have you held yourself accountable to the calendar? Set a date to finish the task.

If, after setting your SMART goal, you do not achieve it, donot despair. Ask yourself if you were truly committed tothe outcome of the goal or, if it was unrealistic. Try againand over time the skill of SMART goal setting will helpyou just as much as the actions you take to achieve it.

Credit 101 SeminarDon’t know your credit score? Worried about how your

recent financial circumstances have affected your creditreport and cannot sleep well at night? Find out every-thing you need to know about credit scores and creditreporting to establish, rebuild or improve your credit rightnow. Also learn about budgeting and savings.

At the LEDC office, 2505 Price Ave, Wheaton, MD 20902August 9, 6:30 – 8:30 pm. 1 Session. FREE.

Contact Mattias 202-427-7567, [email protected]

_________________________________________(Company Name)

_________________________________________(Phone Number)

_________________________________________(e-mail address)

Return payment to: Wheaton & Kensington Chamber of Commerce2401 Blueridge Avenue, Suite 101 • Wheaton, MD 20902

❏ Check ❏ Cash Total Amount $ _________ for ______ Reservations

Cost is $5 in advance (option for members only) or $10 at the door

_________________________________________(Attendee)

_________________________________________(Attendee)

_________________________________________(Attendee)

Wheaton & Kensington Chamber of Commerce

Breakfast MixerThe Power of E-mail Marketing

Presented by: Debbie DeChambeau, National Speaker and Business Growth Strategist

Email is the most cost-effective, targeted, trackable, and efficient way to build and maintain relationships in all types of business and organizations. Learn aboutemail marketing communications with a comprehensive look at best practices andwinning strategies that lead to increased profits, revenue and engagement.

This mixer is earlier inthe month than usual.(Our mixers are normally on the 4thWed. of the month.)

www.wkchamber.org

Wheaton&KensingtonChamber of Commercethe voice forYOUR business!www.wkchamber.orgFor registration informationcall: 301-949-0080fax: 301-949-0081email: [email protected]

Debbie DeChambeau is known for her networking savvy, marketing insight, and her unique ability to communicate ideas that facilitate business growth. She is the founder of Select Business Marketing, which is an organization that helps entrepreneurs with business development.

Learn the latest strategies regarding: • Permission-based email marketing and becoming a trusted sender• Email list building • Increasing deliverability and open rates • Tracking results and what to do with this information • How email and social media marketing are a powerful combination.

Cost is $5 in advance (option for members only) or $10 at the door

Wednesday, July 18, 2012from 7:30 – 9:00 AM

atThe Crossway Community Center

3015 Upton Drive, Kensington, MD 20895 • 301-929-2505 • www.crossway-community.orgTo get there, turn north on East Ave. off of University Blvd. by McDonald’s, make an immediate left onto Upton Drive.Continue two blocks on Upton to the parking lot. Enter the canopied doors up the stairs in the middle of the building.

Continental Breakfast • Mix & Network with Other Businesses and Organizations

www.ConstantContact.com

Sponsored by the KensingtonVolunteer FireDepartment

Wheaton&KensingtonChamber of CommercethevoiceforYOUR business!

Postage

e-mail: [email protected]: www.wkchamber.org

301-949-0080

2401 Blueridge Ave, Suite 101Wheaton, Maryland 20902

2013 Community GuideAdvertise in the 2013 Community Guide

and W&K Chamber of CommerceDirectory – see form on page 5. Call: Vicky Surles 301-949-0080

e-mail: [email protected].

Through Sunday, September 16, from 10 am to 4 pm daily$6 adults; $4 ages 3 –12 (Frequent visitor pass available)Butterfly Hotline Information: 301-962-1453

at Brookside Gardens South Conservatory1800 Glenallan Avenue, Wheaton, MD 20902

301-962-1400 / www.brooksidegardens.org

Surround yourself with hundreds of African, Asian, Costa Rican, andNorth American species of butterflies flying freely inside a Conservatory.Enjoy learning about the life cycle of these amazing creatures, and whatyou can do to attract native caterpillars and butterflies to your backyardas we “think globally, and act locally.”

Wings of Fancy Live Butterfly Exhibit

In conjunction with the Labor Day Parade and Festival, the Town of Kensington celebrates the weekend with theMontgomery Art Association Art Exhibition and Sale.

Artists from all over the local area display their creativitywith original artworks. Each artist will enter at least onework that represents Kensington to compete for prizes.

Location:Kensington Armory/Town Hall

3710 Mitchell Street, Kensington, MD 20895

Show Hours:Saturday, September 1, 11:00 am – 5:00 pm

– Reception from 6 – 7:30 pmMeet the artists ~ Refreshments will be served

Sunday, September 2, 11:00 am – 5:00 pmMonday, September 3, 9:30 am – 5:30 pm

www.MontgomeryArt.org

KENSINGTON – LABOR DAY WEEKENDANNUAL ART EXHIBITION AND SALE

July–August 2012 Keys to Protecting Your...

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