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30 • NOVEMBER 2020 - Senior Voice of Citrus County
Financial

Share Your Bounty with Family

Ron Francis III • Develop – and communicate of professionals, including of money – in this case, the
Financial Advisor – your estate plans. While you your financial, tax and legal ability to use money you’ve
saved to help make a positive
advisors. And it’s essential
Edward Jones may want to be as generous that you communicate the contribution to society.
Investments as possible to your loved
Inverness, Fl ones during your lifetime, existence and details of your By sharing your bounty with
Ron.Francis@ you may desire to leave estate plan to your loved ones. your loved ones and your
edwardjones.com something behind as part of By doing so, you can help community on Thanksgiving,
As Thanksgiving approaches, your legacy. And that means them know what to expect you’ll help create a more
it’s meaningful to reflect on you will need to develop a and what’s expected of them memorable holiday for
the origin of the holiday – comprehensive estate plan. to help avoid unpleasant everyone. So, be generous, be
Native Americans and pilgrims Such a plan will allow you surprises and familial creative – and be prepared for

sharing their bounty of food to express your wishes about squabbles when it’s time to how much satisfaction you can
with each other. As you gather where you want your assets settle your estate. get from your actions.
with your loved ones this year, to go, who will take care of • Solicit suggestions for
perhaps you can think of ways your children if something charitable giving. Sharing This article was written by
to share not only your dinner, happens to you, how you some of what you have with Edward Jones for use by your
but also your financial bounty. want to be treated should you charitable or community local Edward Jones Financial
become incapacitated, and organizations will also Advisor.
In terms of bounty-sharing, other important issues. Your
here are some suggestions estate plan will need to include help fulfill the spirt of Edward Jones, its employees

you may find helpful, no the appropriate documents Thanksgiving. And you can and financial advisors are
matter your age or that of your and arrangements – last will make it a family affair by not estate planners and
children: and testament, living trust, asking your loved ones which cannot provide tax or legal
groups they would like to
advice. You should consult
• Make appropriate gifts. power of attorney, health support. Not only will you your estate-planning attorney
If you have young children, care directive, and so on. To be helping a worthy cause, or qualified tax advisor
you may want to get them create such a plan, you may but you’ll also be teaching regarding your situation.
started with a savings account need to work with a team your children about the value
to help them develop positive

financial habits. You could
even make it a Thanksgiving
tradition to measure how their
accounts have grown from
year to year. But you can go
even further by starting to
fund an education savings
vehicle such as a 529 plan.
This account can provide

valuable tax benefits and gives
you total control of the money
until your children are ready
for college or trade school.
Other education-funding
options also are available,
such as a custodial account, Ron Francis III
commonly known as an Financial Advisor edwardjones.com
Member SIPC
UGMA or UTMA. If you have 2619 E Gulf To Lake Hwy #A2
grown children, you could still Inverness, FL 34453-3216
352-341-0579
contribute to a 529 plan for

your grandchildren. MKT-9811B-A