Estate Planning Presentations

Basics of Estate Planning

Overview: Tom McCuiston addresses documents needed in estate planning such as Powers of Attorney, Trusts, Wills, and Living Wills and certain consequences of having and not having these documents

Among the topics discussed are:

  1. Tax consequences of not having a will.
  2. Property transfer consequences of not having a will.
  3. Creating trusts and why they are helpful.
  4. Responsibilities of my designated power of attorney.
  5. Living wills and the peace of mind they provide.

Understanding Health Care Documents

Overview: Tom McCuiston takes a close look at documents needed to protect your health care concerns. Specifically, Health Care Powers of Attorney, Living Wills, HIPPA Authorizations, and MOST (Medical Order Scope of Treatment) will be addressed.

Among the topics discussed are:

  1. Designating a health care power of attorney.
  2. Responsibilities of a health care power of attorney.
  3. Living wills and the power they have if you become incapacitated.
  4. Laws governing medical documents and the need for HIPPA authorization.

Business Succession

Overview: Tom McCuiston explains what happens to business ownership interests when one owner dies and how to maintain control over your business both in life and death.

Among the topics discussed are:

  1. Insuring the company to protect in case a partner dies.
  2. Estate planning issues for business owners.
  3. Tax consequences of a business transfer at death.
  4. Co-owners and the control each owner has over the business.
  5. Unexpected death of an owner and the consequences of being unprepared.

Probate

Overview: Tom McCuiston introduces the basics of estate administration in order to understand the importance of creating an estate plan and what is involved and required during the estate administration process.

Among the topics discussed are:

  1. Key terms about probate and estate administration.
  2. Assessing the value of the estate.
  3. Determining whether there is any probate property.
  4. Opening the estate with the NC Probate Court.
  5. Electing a Personal Representative.
  6. Distributing property.

Top Estate Planning Mistakes People Make

Overview: Tom McCuiston discusses common mistakes people make when planning out their financial future.

Among the topics discussed are:

  1. Protecting your assets from creditors.
  2. Retirement accounts and designated beneficiaries.
  3. Will executions and common mistakes.
  4. Trusts and which assets to put in a trust.
  5. Balancing assets to avoid taxes