District 622 Community Education

SO YOUR THINKING ABOUT LEAVING MINNESOTA, AN ATTORNEYS PERSPECTIVE ONHOW TO DO IT A vital part of every retirement or resettlement discussion involves the roadmap of issues that help us decide where we want to call home! Is it Taxes, the Political Landscape, the Weather, the location of Family assets, Debt or Income concerns in Retirement, Cost of Living, Health Concerns or . . . our Friends are already there! When should we start this discussion? Did you know many States do not tax Social Security, Pensions or other Qualified Retirement Income sources? Which are the worst states for Estate Taxes? How do we establish Domicile? How about quality of medical resources and retirement facilities – who is good, who is not-so-good? All these issues will be raised and discussed in an open and friendly manner with questions encouraged. Steven J. For Classes at Gladstone Park in the main lot on Manton St and enter through door 1E. The gym is to the right of the lobby and the classrooms are down the first hallway on the left.

A friendly, and informational, open-forum with a seasoned will & trust attorney. Questions like: Should I avoid probate? Is a will good enough? Do I need a Trust? How does my plan deal with the nursing home? How do we gift the assets of husband and wife? What about separate assets not of the marriage? What is the death tax? How do I avoid leaving a mess for my children? Which Trust is best for m y needs? Can I use a Transfer-On-Death Deed? How do my retirement assets operate in my Will or Trust? All questions will be answered! For Classes at Gladstone Park in the main lot on Manton St and enter through door 1E. The gym is to the right of the lobby and the classrooms are down the first hallway on the left.

The Trust is a prevalent component and tool to be used in estate planning. However, there are various vastly different Trust options, and the question arises: “Am I using the right Trust for my needs and goals?” Often used Trusts include living Trusts, Testamentary Trusts, and Irrevocable Trusts; each serves a different purpose, and each has a different result. One common problem that often needs addressing is the over-utilization of the Living Trust for goals or problems that it does not resolve. For example, a Living Trust probably doesn’t protect your assets against Medicaid and the nursing home. The Irrevocable Trust and the Testamentary Trust have their strengths and weaknesses. Define the strengths and weaknesses of each type of Trust and when to use them. Explore your goals and wishes to see where they fall in the realm of Trusts. Steve Ledin

How do you pay for the nursing home and still leave assets for the next generation? Many updates for 2021 in the ever-changing estate planning laws and great increases in nursing home costs, this is a concern for many. Understand what your options are, get your long-term care finance questions answered and learn how to plan and place your assets to meet your future goals. For this class, park in the main lot on Manton St and enter through door 1E. The gym is to the right of the lobby and the classrooms are down the first hallway on the left.