Page 10 - Jupiter West - October '18
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Page 10, Jupiter West
      Year-End Estate Planning Tip No. 1



      – Check Your Estate Tax Planning



      Submitted by Anné                                    Aside from this, the federal estate tax exemption is also     • Do you and your spouse want to create a dynasty
      Desormier-Cartwright, Esq.                         “portable” between married couples (including legally married   trust that will continue for many generations?
        With the end of the year                         same-sex couples), meaning that when one of a married couple   Even if the combined value of the estates of you and
      fast approaching, now is                           dies, the survivor may be able to get the right to use their   your spouse is under $10 million, if you want to take
      the time to fine-tune your                         deceased spouse’s unused estate tax exemption and so, without   advantage of both spouses’ generation-skipping transfer
      estate plan before you get                         any complicated estate tax planning, pass $10 million-plus to   tax (“GSTT”) exemptions to create a lasting legacy for
      caught up in the chaos of                          the deceased spouse’s heirs and the survivor’s heirs federal   future generations, then “AB Trust” planning may be
      the holiday season. One                            estate-tax free.                                  appropriate because the GSTT exemption is not portable
      area that married couples                          Do You Still Need “AB Trust” Planning In Your Estate   between married spouses. In other words, if the combined
      should revisit is their estate                     Plan?                                             values of the estates of you and your spouse is $10 million
      tax planning.                                        With that said, do you still need to include “AB Trust” estate   or less, then you may want to keep “AB Trust” planning
      Do You Still Have “AB                              tax planning in your estate plan? The answer to this question   in your estate plan so that you can fully use each spouse’s
      Trust” Planning In Your Estate Plan?               depends on several factors, including:            GSTT exemption for a dynasty trust for the benefit of your
        If you’re married and you haven’t had your estate plan     • Are the combined estates of you and your spouse under   children, their children, and their children’s children.
      reviewed since before January 2, 2013, by an experienced   $5 million? If the combined value of the estates of you and     In addition, there are many other factors and options
      estate planning lawyer, then pull your documents out of   your spouse is under $5 million, then you will not need to   to consider that an experienced estate planning attorney
      the drawer, dust them off, and take a closer look at their   worry about federal estate taxes (at least for now). Nonetheless,   can explain.
      trust provisions. Do they contain terms such as “Marital   there may be other reasons to keep your “AB Trust” planning   What Should You Do?
      Trust,”  “QTIP Trust,”  “Spousal Trust,”  “A Trust,”   in place as discussed below.                    If you’re married and your current estate plan includes
      “Family Trust,” “Credit Shelter Trust,” or “B Trust”?     • Does your state still collect a state estate tax? – If your   “AB Trust” planning but you’re not sure if you should
        If so, then your revocable trust contains estate tax   state still collects a state estate tax and your state’s exemption   keep it in your plan, then make an appointment with an
      planning  provisions  that  were  required  in most  estate   is less than the federal exemption, then “AB Trust” planning   experienced estate planning attorney to discuss all of your
      plans before January 2, 2013. Now, you may not need this   (or perhaps “ABC Trust” planning) may be required to defer   options.
      type of planning since the federal estate tax exemption has   payment of both state estate taxes and federal estate taxes until     If you have questions about this article or your estate
      been fixed at $5 million per person adjusted for inflation   after the death of the surviving spouse. (Note that this will   plan and what documents are necessary schedule a
      (the exemption is $5.34 million in 2014 and expected to   not be the case in Delaware and Hawaii since the exemptions   consultation today by calling our office at (561) 694-
      increase to $5.42 million in 2015).                in these states currently match the federal exemption. The   7827, Anné Desormier-Cartwright, Esq., Elder & Estate
                                                         exemptions in Maryland and New York will also match the   Planning Attorneys PA, 480 Maplewood Drive, Suite 3,
        Strati’s Cleaning Plus                           federal exemption in the future, but not until 2019.)  Jupiter, FL 33458.
                                                                                                             The content of this article is general and should not be
                                                           •  Do you and your spouse have different final
                                                         beneficiaries of your estates? If you and your spouse have   relied upon without review of your specific circumstances
                                                         different final beneficiaries of your estates (for example, you   by competent legal counsel. Reliance on the information
                         Senior Discounts                want your estate to ultimately pass to your children while   herein is at your own risk, as it expresses no opinion by
                                                                                                           the firm on your specific circumstances or legal needs.
                                                         your spouse wants their estate to ultimately pass to their
                                                         siblings or their children), then “AB Trust” planning may   An attorney client relationship is not created through the
                                                         be necessary to insure that the final estate planning goals of   information provided herein.
                          561-352-0157                   each spouse are met.






        Pet Matters


        For The Love Of Animals                          sick Yorkie and the injured kitten did not survive, despite our best     Furry Friends is all
                                                                                                            This is what
                                                         efforts. This is the reality of what we do every single day, no matter
        by Pat Deshong, President of                     how hard we try to turn an uncertain future into a happy ending for   about…rescuing,
        Furry Friends Adoption, Clinic                   each furry life that comes through our doors.    rehabilitating, and
        & Ranch                                             Now, more than ever, we need your help. Whatever the reason   giving homeless
           "For the Love of Animals"                     (spay/neuter laws going unheeded, personal schedules no longer   companion animals
        features real stories happening                  accommodating furry family members, Fluffy or Scruffy not invited   their best future…
        at Furry Friends in Jupiter. We                  along for a move to a new state, etc.) the spaces between our shelter   no matter how long
        are The Humane Society of                        walls are filled with hopeful eyes yearning for homes, laps, and love   it takes to find it.
        Greater Jupiter/Tequesta and the                 to call their own.                               We have many  Mr. Big and Star saved by Furry Friends
        only no-kill shelter open to the                    Please consider adopting from Furry Friends and truly saving   wonderful dogs and  from the streets of Broward County and
        public in northern Palm Beach                    a life. And if you are unable to adopt, we appeal to you to donate,   cats in our shelter  from euthanasia
        County. We’ve been rescuing,                     volunteer or foster for our organization. We need you. Most of all,   and invite you to
        rehabilitating, re-homing and                    our furry friends need you.                      come visit us six days a week.  Our hours are Monday through
        providing a safe harbor for                                                                       Saturday, 11 a.m. to 6 p.m.
        the homeless animals in our                                                                          Furry Friends depends on the generous support from donors
        community for more than 30                                                                        like you.  Without Furry Friends, the future of the many animals
        years. Our not for profit 501c3 organization consists of our Jupiter                              we save would be uncertain.  Thank you for donating and helping
        based adoption center, veterinary clinic (open to the public), thrift                             us continue our animal saving mission.
        storee, and Palm City ranch.
           This month’s Pet Matters is about sharing a day in the life of                                  Ways to donate (tax ID #59-2111273):
        saving lives. No two days are ever the same and many are more                                      1.  Mail a check made payable to Furry Friends to 401
        difficult than the one before.                                                                         Maplewood Drive, Ste. 8, Jupiter, FL 33458.
           The animal rescue appeals we receive are never-ending and it’s                                  2.  Visit www.furryfriendsadoption.org
        easy for our spirits to dampen when we hear the plight of countless                                3.  Call  us with your credit card information  at
        animals in need. But we are steadfast in our mission to help as                                        561.747.5311 ext. 1
        many as we can. We know, in most instances, that their options are                                   “Your donation creates the possibilities to make
        severely limited and the clock is ticking.                                                         miracles happen for our Furry Friends”
           Wednesday, September 12, while not unprecedented in terms of
        our responsive action, certainly stood out as a day for orchestrating   These two pups are safe from Hurricane Florence
        plans, impacting geographies, and making difficult decisions.   and available for adoption at Furry Friends         Visit our ADOPTION CENTER
        Throughout the day, we:
           • Pulled a critically sick Yorkie from a high-kill shelter in Miami.   Sponsors and Vendors still being          401 Maplewood Drive, Ste. 10
           • Made room at our ranch in Palm City for several large dogs           accepted for our 4th Annual           Adopt a Furry Friend and save 20% off our
        from Horry County, South Carolina, due to the threat of impending         Hang 20 Surf Dog Classic                 already low priced adoption fees
        Hurricane Florence.                                                                                                  We have puppies and kittens!
           • Took in a severely injured kitten from Jupiter, whose crushed                                                    Expires October 31, 2018
        spine rendered her back legs limp and useless.
           • Worked with a rescue partner to save two nine-year-old Yorkies                                             Visit our THRIFT STORE
        from a homeless woman in Broward County. The homeless owner                                                      615 W. Indiantown Road
        was threatening to leave her life-long pets on the streets because a                                Furniture, Art, Household Goods, Clothes, Shoes & More!
        local shelter told her they would euthanize them upon admittance.
        While she knew the streets were a terrible choice, she felt they might                                     Buy one item, get one 50% off
        at least get a chance at help from someone versus facing certain                                               (Excludes furniture and artwork)
        death.                                                                                                          Expires October 31, 2018
           All of this happened in one day, in addition to us servicing 73
        clients at our full-service veterinary clinic and caring for our almost                                       Visit our VETERINARY CLINIC
        250 shelter dogs and cats, located at our Jupiter Adoption Center,                                             401 Maplewood Drive, Ste. 8
 Did you know we are building a new adoption center & veterinary hospital in Jupiter? We’re asking for your financial   Palm City Ranch, or in our foster program.  Wyndham Grand Jupiter at   $20 office exam fee ($28 savings)
 support as we make plans to better serve the community and the many homeless animals needing loving forever homes.      For the two Yorkies from Broward County and the dogs we   Harbourside Place  For more Hang 20 Surf Dog    We sell Canna Pet! $59.95 for 10 ML bottle (regularly
 Visit our website at www.furryfriendsadoption.org for more details.  rescued from the path of Hurricane Florence, they are now safe in   122 Soundings Avenue,   Classic information, visit www.
        our care. They have been checked medically by our Furry Friends   Jupiter, FL  33477  furryfriendsadoption.org  $79.95... you save $20!) Offer expires October 31, 2018
        veterinarians and are available for adoption. Sadly, the critically
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