Page 15 - Mumme Booklet
P. 15

DRAFT





               ESTATE PLANNING IS FOR EVERYONE

              . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

              Estate planning is about getting assets to the right people, at the right time, in the right way with minimum
              expense or delay. Regardless of the size of your estate, you have many tools that can help you – whether your
              estate is small and simple or large and complex. Some of these tools can be used on your own and some may
              need you to seek professional advice.





                         PLANNING FOR INCAPACITY                            ASSET PLANNING
                         DURING LIFE


                                                                    • Who gets what when?
                         Health care directives                        Spouse, partner, children, charity

                                                                    • Who should manage assets?
                         Health care power of attorney                 Executor and/or trustee
                                                                    • Who should take care of dependents?
                                                                       Guardian
                         Financial power of attorney

                                                                            Beneficiary designations



                 Everyone should consider having these three                TOD and POD designations
                 basic documents to help answer the question                (Transfer-on-death, Payable-on-death)
                 ''What if I need help making decisions?''


                                                                            Will



                                                                            Revocable trusts





                                                                     These documents and decisions can help
                                                                     answer the question ''What do I want to
                                                                     happen to my assets?''


















               . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
                      This plan is not complete without the Assumptions and Disclosures pages appearing at the end.
                3170326-1-4                               January 29, 2021                            Page 15 of 108
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