ESTATE PLANNING SEMINAR

SCHEDULED FOR JUNE 7

 

The recent passing of Prince was shocking on many fronts. Foremost was the death at such an early age of such a prolific and well revered artist. Equally as shocking, however, was the revelation that he did not have a will to determine who will receive the proceeds of his estimated $300 million estate.  Experts' proffer it is likely to take years to sort through the myriad of legal claims.

While this lack of foresight might be an eye opener for many it shouldn't really come as a complete surprise as it is estimated that over 50% of Americans age 55 and older have also not taken the steps to create a will or trust for their estate.  The excuse most commonly given is that people don't think they have much in the way of assets to go through the process.

On Tuesday, June 7, the Advancement Board of Saints Peter and Paul School is sponsoring an Estate Planning seminar. It will be held in Rm. U 217-218 of the Ministry Center beginning at 6:30 p.m.  We will conclude by 8:00 p.m. including allowing time for questions.   The topics to be covered are broad but the goal is simple.....that all attendees walk out with a will and Power of Attorney ready to be reviewed and signed.

The agenda will include discussion on estate and income tax  issues; donor advised funds; power of attorney for property and health care agents; withdrawal ages for children; asset protecting; and the importance of titling and beneficiary designation.

The featured speaker will be Brett M. Dale, a partner with the firm Huck Bouma, which is located in Wheaton.  They have the resources of a downtown Chicago law firm with the ability to provide personalized, individualized services to its clients.  Brett is a frequent lecturer for various groups including the Illinois Certified Public Accounting Society.  He is the past President of the Fox Valley Chapter of the Illinois Society of Certified Public Accountants and past President of the Wheaton Rotary Club.  Brett is a Director at Cadence Health, member of the Marianjoy Foundation and also a member of the Board of Trustees of the DuPage Community Foundation.

There is no charge to attend the workshop.  "Our parish has always been very generous to our school in its financial support," said Advancement Director Frank Glowaty.  "We have sponsored similar presentations in the past as a service to our parishioners and as a way of thanking them for believing in the mission of our school.  People work hard for their money and everyone wants to see their estate go to their loved ones and the institutions they have supported throughout their adult lives," he added.

Those planning on attending are asked to RSVP to Pat Burson at 630-718-2166.

Light refreshments will also be served.