Succession Planning Roundtable: The Right Ways to Manage and Handle "Fun" Assets

Description

The Right Ways to Manage and Handle "Fun" Assets

You have worked hard to build your wealth, but there is more work to do! To ease the emotional, psychological, legal, and financial burdens of asset distribution, you should have a well-thought-out plan in place.

Join us as we discuss best practices and the various ways to transfer/manage assets, including:
• Succession of family cottages and vacation homes - including how and when families decide to "use" them in the future
• Real estate
• Valuable personal property such as jewelry, art, collectibles, and furniture
• Cars/boats
• Memberships
• Oil and gas interests
• Keys
• Digital Assets
• Pets (including horses)

Michael Schoedinger from Schoedinger Funeral & Cremation Services will share with us some of the complexities associated with cemetery plots and the steps that should be taken to avert possible disputes or quarrels between family members or the cemetery. Do you think your kids are allowed to be buried in your family plot? Maybe not ... 

Finally, the importance of health documents, including POA and health directives will be addressed. Most of us don't expect to go on Medicaid, but if you spend your final years in a nursing home at over $100k/year, you may run out of money.  What assets are protected to qualify for Medicaid other than a prepaid funeral?

Bea Wolper of Emens Wolper Jacobs & Jasin and Meredith Sugar of Taft/ will facilitate this discussion, give practical guidance, and answer any questions you may have. Don't miss this opportunity!

Generously sponsored by Morgan Stanley