THE BEST YTHING IS A PLAN YOU CAN LEAVE YOUR ... CAN LEAVE YOUR FAMILY IS A PLAN Estate planning may...
Transcript of THE BEST YTHING IS A PLAN YOU CAN LEAVE YOUR ... CAN LEAVE YOUR FAMILY IS A PLAN Estate planning may...
Pub6973FLY (08/17)2017-44329 (Exp. 08/19)
Talk to a local Guardian representative for more information on what is right for you. Visit www.GuardianLife.com.
1 Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation.
THE BEST THING YOU CAN LEAVE YOUR FAMILY IS A PLAN
Estate planning may make you think about who will inherit your home, coin collection, and family heirlooms. But estate planning is much more than just physical property.
An estate plan really encompasses everything that is you. From decisions about your
family, a detailed estate plan can be a thoughtful and generous gift to your loved ones.
Trusts may help you avoid the delays of probate
protection for your family. They can also help you
make a contribution to your favorite
charities.
Helps preserve the federal and/or state estate
of the surviving spouse and children. Protects assets from creditors and offers tax1 advantages.
You can transfer all that you own to your spouse without any
federal estate or gift tax.1
professional can determine if you should do so via outright gift
or marital trust.
Who can act on your behalf if you
are disabled, incapacitated or
even unavailable to
decisions?• What kind of
care do you want?
• Who will make medical decisions on your behalf? • Do you want life-sustaining
treatment?
Your Estate Includes:• Annuities• Bank Accounts• Bonds• Business Interests• Cash• CDs• Inherited Valuables• Life Insurance• Mutual Funds• Notes Receivable • Personal Property • Real Estate • Retirement Plan Assets• Stocks
DURABLE POWER of ATTORNEY
LIVING WILL and HEALTHCARE PROXY
OTHER TYPES of TRUSTS
WILL
• Who will receive your individual assets?
• Who will be your estate executor?
• Who will be the guardian of minor children?
BENEFICIARY DESIGNATIONS
especially if you have had life changes like a new marriage or
policies, and any assets you want to distribute.
TAXES
If your family’s estate is not currently subject to federal estate and gift taxes, it may be in the future. It is important to work on a strategy to help protect against changes in tax law.
CREDIT SHELTER TRUST
UNLIMITEDMARITAL
DEDUCTION