HENDERSONVILLE, N.C. /eNewsChannels/ — NEWS: If you’re old enough to earn a living, parent a child, or think about maximizing your assets, then it may be time to consider the choices you need to make right now to protect your net worth in the future. That’s why Four Seasons Compassion for Life, Flat Rock, will sponsor “Estate Planning and Long Term Care Planning 101: Foundations for Informed Choices,” a free seminar, on Tuesday, April 15, 2014.
“Multitudes of options exist regarding how we can pass on an accumulation of a lifetime of property,” says Cynthia Schirmer, an estate planning attorney with Prince, Youngblood, and Massagee, who will be the presenter at the event. “We may not even be aware of the possible choices we can make.”
At the event, Schirmer will explain the benefits of estate planning choices for individuals and families now and in the future.
The benefits of estate planning make it possible to:
* Make decisions now about health care in the future.
* Decide how to manage your personal assets.
* Protect your business interests.
* Take stock of your portfolio for future generations.
* Invest in the charity of your choice.
* Understand the difference between a will and a trust.
* Designate powers of attorney or file advance directives.
* Appoint a legal guardian for one’s child.
* And more.
The importance of planning documents transcends age, one’s occupation, or circumstances, says Schirmer.
“We want to keep control of our property and assets in our hands,” Schirmer adds. “The reality is that if we don’t make these decisions for ourselves in advance, then the legislature will make those decisions for us.”
In North Carolina, state law determines dispensation of assets for those who die without a will, or federal law limits long term care benefits based on the value of one’s estate. Instead of being at the whims of legislatures, planning ahead for estate and care contingencies offers the individual tremendous flexibility and control over their futures, she explains.
“We want to keep control of our assets in our own hands,” Schirmer reiterates. “And we maintain control through the planning process.
“Estate Planning and Long Term Care Planning 101: Foundations for Informed Choices,” a seminar sponsored by the 501(c)3 non-profit Four Seasons Compassion for Life – https://www.fourseasonscfl.org/ – Flat Rock, will be held Tuesday, April 15, 2014, at 12:30 p.m., at Hendersonville Public Library, 301 North Washington Street. The public is invited to attend; refreshments will be provided.
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