Joining in this discussion were left to right, estate planning attorney Hilary Spaulding Namnath, Dr. Doris Bersing Ph.D., gerontologist, Kathleen Nemetz, Certified Financial Planner, Host and Producer, Terri Abelar, geriatric care expert and CEO, Aging Solutions Inc., and relationship banker Karen Hawkey, Opus Bank. Replay link is found at https://vimeo.com/192064484.
Attorney Hilary Spaulding Namnath has kindly authored a blog defining vocabulary necessary when planning for life's expected and unexpected events before and after retirement.
1). What is estate planning?
Estate planning is a process. It involves people, your family, other individuals, and in many cases, charitable organizations of your choice. It also invovles your assets, your property, and the various forms of ownership and title that those assets may take. And it addresses your future needs in case you ever become unable to care for yourself. Through estate planning, you can determine:
Attorney Hilary Spaulding Namnath has kindly authored a blog defining vocabulary necessary when planning for life's expected and unexpected events before and after retirement.
1). What is estate planning?
Estate planning is a process. It involves people, your family, other individuals, and in many cases, charitable organizations of your choice. It also invovles your assets, your property, and the various forms of ownership and title that those assets may take. And it addresses your future needs in case you ever become unable to care for yourself. Through estate planning, you can determine:
- How and by whom your assets will be managed for your benefit during your life if you ever become unable to manage them yourself;
- When and under what circumstances it makes sense to distribute your assets during your lifetime;
- How and to whom your assets will be distributed after your death;
- How and by whom your personal care will be managed and how health care decisions will be made during your lifetime if you become unable to care for yourself.
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