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Eskaton Foundation

5105 Manzanita Avenue
Carmichael, CA 95608

Newsletter ... News You Can Use

Senior Clips is Eskaton Foundation’s eNewsletter. Below are a few articles from the most recent issue. To view and print the complete eNewsletter, please open the PDF below.

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Proper Estate Planning

By Mark S. Drobny Mark Drobny

Over half of the people who die in our country don’t even have a Will. Of the less than half who do have an estate plan, more than half of them would have been better with no Will at all. Below are some important facts for you to consider as you plan or update your estate:

  • Many have not updated their documents to take into account changes in their family and/or finances;
  • The Federal Estate Tax laws changed dramatically in early 2013 and most married couples need to consider eliminating their AB Trusts to avoid unnecessary restrictions on the surviving spouse’s access to the deceased spouse’s share of the estate and avoid unnecessary legal, accounting and appraisal fees;
  • A current Advance Health Care Directive and Durable Power of Attorney for Financial Management are crucial to insuring the proper people are in place to handle medical, financial and end of life decisions in case of a major medical event or long term disability;
  • Interest rates on CDs are less than one percent (1%) and there are safe, guaranteed alternatives that could pay six percent (6%) to nine percent (9%) depending on your age;
  • Probate can take a year or more and consume tens of thousands of dollars in fees and costs. Only those who fail to properly plan their estate subject their heirs to the unnecessary delay and expense; and
  • State and Federal Capital Gains Tax rates were increased in 2012 - 2013 to as high as thirty-six percent (36%). Appreciated stock and/or real estate can be sold without paying any capital gains taxes.

Would you be interested in paying zero income taxes on your IRA distributions or learning about year-end income tax planning tips from an experienced tax attorney?

To learn more about your planning options, please join California State Bar Certified Estate Planning Attorney, Mark S. Drobny, on Thursday, October 23, 2014 at 2:00 p.m. at Eskaton Village Carmichael. Seating is limited.

To reserve your seat, please contact Lisa Smoley or call 916-334-0810.