Notes I have carried on my PDA or in my Franklin planner for years: Stewardship Seminar Duffy

• Use IRS website to determine tax withholding
• Self-proving affidavit attached to the will
• Power of attorney document
• Advanced directive--living will
• Save 10% or more
• Nursing home insurance 55-70; John Hancock; Genco; more affordable @ 55; consider this after paying off the mortgage
• CFP Certified Financial Planner
• No income from annuity before 59 1/2
• Gift annuity 6-9% tax savings then tax free income ($100,000 @ 6.5% nets $6500/year, $540/mo income)
• To determine needed income, divide monthly deficit by 5% times 12 equals investment lump sum needed
• thelifegroup.org
• *ingdirect.com (done)
• life estate--transfer deed to church/college, right to live there, protects assets, immediate tax benefit
• charitable remainder trust: income, avoid capital galns, direct to various ministries, maintain control
• *with the will, make sure the taxable stuff (retirement funds) goes to ministry (non taxable) first
• Christian will--statement of testimony & faith
• Need to have Parents set up a will
• *Wisconsin tax if estate is larger than $675,000--need to be careful--also Federal Tax
• *HIPPA language--need to be added