Page 10 - Palm City Spotlight - December '19

Page 10, Palm City Spotlight

estate PLanning

Plan Your Estate To Help child make poor money decisions or have a hard time expenses. Disbursements may also be distributed in
Financially Strapped Child keeping a job? Was there a failed marriage or is this child installments so that the financially challenged child can
learn to manage money before receiving the next check.
subject to strong influence of a spouse? Are there substance
abuse problems? Or did this child simply never save a dime If the child has a drug or alcohol problem, you may
By Carrie Lavargna and is now middle-aged with no retirement plan. choose against interval payments and withhold assets
Parents worry about their You have a right to be worried about the situation. until the problem is corrected. In the trust document you
children and it doesn’t stop Asking these questions is not judging but trying to get can create a wait-and-see provision by giving the trustee
when they grow up. My to the root of the problem to plan a solution. This family flexibility to distribute the assets to the beneficiary
dad used to say that as I member may have wonderful personal attributes and be when behavior changes. You can instruct the trustee to
got older he still worried a loving, caring person. cover the cost of housing, health insurance and food
about me, it only cost him However, the child’s lack of money or lack of money directly. The trust document can specify standards to
more. Probably some truth sense should be considered when planning your estate. be met before the trust funds are distributed, such as
in that. You may want to provide assistance for your child’s requiring the beneficiary to pass drug or alcohol testing
Many parents have retirement and fear that a lump sum inheritance would or participate in rehabilitation programs.
seen their adult children be blown in no time at all. Who should be the trustee? You can choose a family member,
work hard and not find the Instead of leaving money outright to the financially possibly another child, but consider that when one child holds
financial success that they challenged child, consider a trust. the purse strings for another, stress and conflict arise.
themselves had. There are fewer jobs with pensions, Trusts are not just for the super-rich. There are These are hard issues to discuss, but you should feel
and many young families barely make ends meet, are expenses to set up and manage the trust, but such costs free to talk openly with your estate planning attorney.
challenged by the cost of college education for their pale in comparison to the money wasted by a free- Work through these issues and plan appropriately.
children and frankly, don’t have the discipline to save spending child. Making no decision may be the worst one.
for retirement. There are three parties to a trust. First, the grantor This is an overview of the subject matter and not
Seniors are often financially helping out their adult creates the trust and decides when, how and to whom intended as legal advice. Carrie Lavargna is an attorney
children. funds are to be disbursed. Second, the trustee manages practicing law in Stuart, Florida. She is board certified in
So, how should parents prepare their estate plan to the assets and makes payments to the beneficiaries, who real estate law by the Florida Supreme Court and focuses
help the cash strapped adult child? are the third party. her practice primarily in estate planning and real estate
Consider how this financial mess happened. Were the Trust assets may be disbursed every month or year. matters.
circumstances out of the child’s control? Does your adult They may be focused on providing health care and living
Treasure Coast Outdoors

Dolphin And Blackfin Tuna sharks swim through our trolled baits. I learned from
Dominate Fishing other anglers that they had lost fish to sharks.
We decided to forget the fishing reports and tried the
100- to 60-foot depths. That produced nothing, so we even
By Jim Weix went shallower. I don’t know if it was the south wind,
Fishing has picked up but the bite was definitely not happening.
and Tom Flynn, of Palm As we enter winter in Florida, the afternoon
City, decided to have the thunderstorms will be less frequent. That will be great
maiden voyage of his new for those of us that don’t like fishing in lightning storms
boat Ruf’n It. Palm City with aluminum outriggers sticking up in the air.
residents Doug Renolds, I’m hearing reports of pomps being caught along the
John Hatch, and I were beach and flats near the inlet. Winter tends to bring rough
invited. The three of us seas, so river fishing is a great alternative if you can’t get
brought life jackets and offshore.
paddles just in case. Editor’s note: Jim Weix is an avid hunter, angler,
Tom had just installed conservationist, as well as an outdoor writer. Jim is
state-of-the-art electronics on his boat. If we could figure included in the Wisconsin Waterfowl Association’s Hall
Can you afford
out how to use them, they would do everything but reel Doug Renolds shows off his dolphin. of Fame, for his work in helping restore thousands of
in the fish. Let’s just say it resembled four guys trying the health plan that’s acres of wetlands. Jim is a Broker Associate with The
Open Enrollment is here.
to fix a computer, but we made progress. don’t think the fish read the reports. Keyes Company. He can be reached at (772) 341-2941
Our agents will help you
right for you?
The fishing reports all said that dolphin and tuna were Doug Renolds managed to save the day with a or by email: jimweix@jimweix.com.
explore your 2020 health
being caught in 100 to 300 hundred feet. Unfortunately I 15-pound dolphin. Interestingly enough, we saw several plan options.
Yes, you can! Our helpful health plan experts will take
Palm City Auto Can you afford the guesswork out of finding the best plan
for your needs and budget.
Lube & Services the health plan that’s Can you afford Earn money by
Open Enrollment is here.
We have agents to help you
Our agents will help you
right for you?
Open Enrollment is here.
access financial assistance with
the health plan that’s
making healthy choices.
explore your 2020 health
Open Enrollment is here.
plan options.
coverage as low as
Can you afford Our agents will help you explore your 2020
Our agents will help you
right for you?
New and improved Health and Wellness
Yes, you can!
platform for 2020. Earn up to $100 with
explore your 2020 health
health plan options.Open Enrollment is here.
$
the health plan that’s Our helpful health plan experts will take
The DiTerlizzi Family of Companies right for you? Yes, you can! Our agents will help you
our rewards program.
2
plan options.
per month
0
1
the guesswork out of finding the best plan
Our helpful health plan experts will take the guesswork
Yes, you can! explore your 2020 health
for your needs and budget.
More healthy extras.
Our helpful health plan experts will take
out of finding the best plan for your needs and budget
plan options.
the guesswork out of finding the best plan
That’s My Kind of Blue.
Celebrating Our 28th Year We have agents to help you Earn money by making healthy choices.
Earn money by
for your needs and budget.
Our helpful health plan experts will take
the guesswork out of finding the best plan
access financial assistance with
making healthy choices.
for your needs and budget.
Earn money by
New and improved Health and Wellness platform for 2020.
coverage as low as We have agents to help you Earn money by 2
New and improved Health and Wellness
We have agents to help you
access financial assistance with
making healthy choices.
platform for 2020. Earn up to $100 with
Earn up to $100 with our rewards program.
access financial assistance with
$ per month 1 coverage as low as Don’t wait!
making healthy choices.
our rewards program. 2
Talk with an agent today
Open Enrollment ends Dec. 15.
New and improved Health and Wellness
coverage as low as
New and improved Health and Wellness
platform for 2020. Earn up to $100 with
platform for 2020. Earn up to $100 with
$
More healthy extras.
More healthy extras.
.00
our rewards program. 2
our rewards program. 2
$10 off 0 $ 0 per month 1 1 For more information, call to speak with a licensed agent.
per month
about plans that include:
0
That’s My Kind of Blue.
More healthy extras.
More healthy extras.
That’s My Kind of Blue.
our “full Service oil Change” $0 for unlimited primary care visits That’s My Kind of Blue.
That’s My Kind of Blue.
M&A INSURANCE
Enjoy by 1/31/20. Don’t wait! Don’t wait!
Urgent Care, ER and hospital coverage
Talk with an agent today Open Enrollment ends Dec. 15. Don’t wait!
Open Enrollment ends Dec. 15.
Talk with an agent today
about plans that include:
about plans that include:
Complete Auto Repair Talk with an agent today Talk with an agent today For more information, call to speak with a licensed a
851 DONALD ROSS ROAD
Open Enrollment ends Dec. 15.gent.
$0-$5 generic prescriptions on certain
For more information, call to speak with a licensed agent.
about plans that include: about plans that include:
$0 for unlimited primary care visits
M&A INSURANCE
JUNO BEACH, FL 33408
For more information, call to speak with a licensed agent.
M&A INSURANCE
plans
Urgent Care, ER and hospital coverage
• Brakes • Diagnostics t $0 for unlimited primary care visits $0 for unlimited primary care visits 851 DONALD ROSS ROAD
$0 for unlimited primary care visits
M&A INSURANCE
$0-$5 generic prescriptions on certain
• Tune-ups • Oil/Lube t Urgent Care, ER and hospital coverage 851 DONALD ROSS ROAD
Urgent Care, ER and hospital coverage
JUNO BEACH, FL 33408
Urgent Care, ER and hospital coverage
plans
• Air • Tires t $0-$5 generic prescriptions on certain JUNO BEACH, FL 33408 851 DONALD ROSS ROAD
$0-$5 generic prescriptions on certain
$0-$5 generic prescriptions on certain
Conditioning • Tire Repairs plans 561-440-9940 JUNO BEACH, FL 33408
plans
plans
561-440-9940
DiTerlizzi family 561-440-9940
owned since 1990 561-440-9940 561-440-9940
1 Benefits displayed are only available in certain plans.
2 Rewards will apply to your premiums. Any amounts earned in excess of your premium can be redeemed subject to the reward program’s terms and conditions.
The amount of benefits provided depends upon the plan selected and the premium may vary with the amount of benefits selected. These policies have limitations and
exclusions. Eligibility is based on income and determined by the Health Insurance Marketplace SM . Health insurance is offered by Blue Cross and Blue Shield of Florida
Inc., DBA Florida Blue. HMO coverage is offered by Health Options Inc., DBA Florida Blue HMO, an HMO affiliate of Blue Cross and Blue Shield of Florida. These companies
1
Benefits displayed are only available in certain plans.
are independent licensees of the Blue Cross and Blue Shield Association. We comply with applicable Federal civil rights laws and do not discriminate on the basis
1 Benefits displayed are only available in certain plans.
Rewards will apply to your premiums. Any amounts earned in excess of your premium can be redeemed subject to the reward program’s terms and conditions.
of race, color, national origin, age, disability or sex.
2
772-223-LUBE (5823) 2 conditions. The amount of benefits provided depends upon the plan selected and the premium may vary with the amount of benefits selected. These
93985 0819R
Rewards will apply to your premiums. Any amounts earned in excess of your premium can be redeemed subject to the reward program’s terms and
The amount of benefits provided depends upon the plan selected and the premium may vary with the amount of benefits selected. These policies have limitations and
SM
exclusions. Eligibility is based on income and determined by the Health Insurance Marketplace . Health insurance is offered by Blue Cross and Blue Shield of Florida
1 Benefits displayed are only available in certain plans.
1 Benefits displayed are only available in certain plans. Inc., DBA Florida Blue HMO, an HMO affiliate of Blue Cross and Blue Shield of Florida. These companies
policies have limitations and exclusions. Eligibility is based on income and determined by the Health Insurance Marketplace . Health insurance is
Inc., DBA Florida Blue. HMO coverage is offered by Health Options
2 Rewards will apply to your premiums. Any amounts earned in excess of your premium can be redeemed subject to the reward program’s terms and conditions. SM
offered by Blue Cross and Blue Shield of Florida Inc., DBA Florida Blue. HMO coverage is offered by Health Options Inc., DBA Florida Blue HMO, an
are independent licensees of the Blue Cross and Blue Shield Association. We comply with applicable Federal civil rights laws and do not
2 Rewards will apply to your premiums. Any amounts earned in excess of your premium can be redeemed subject to the reward program’s terms and conditions. discriminate on the basis
3584 SW Armellini Ave., Palm City The amount of benefits provided depends upon the plan selected and the premium may vary with the amount of benefits selected. These policies have limitations and
of race, color, national origin, age, disability or sex.
The amount of benefits provided depends upon the plan selected and the premium may vary with the amount of benefits selected. These policies have limitations and
HMO affiliate of Blue Cross and Blue Shield of Florida. These companies are independent licensees of the Blue Cross and Blue Shield Association. We
SM
exclusions. Eligibility is based on income and determined by the Health Insurance Marketplace . Health insurance is offered by Blue Cross and Blue Shield of
SMFlorida
exclusions. Eligibility is based on income and determined by the Health Insurance Marketplace . Health insurance is offered by Blue Cross and Blue Shield of Florida
93985 0819R Health Options Inc., DBA Florida Blue HMO, an HMO affiliate of Blue Cross and Blue Shield of Florida. These companies
Located in the “Pure” gas station Inc., DBA Florida Blue. HMO coverage is offered by Inc., DBA Florida Blue. HMO coverage is offered by Health Options Inc., DBA Florida Blue HMO, an HMO affiliate of Blue Cross and Blue Shield of Florida.
comply with applicable Federal civil rights laws and do not discriminate on the basis of race, color, national origin, age, disability or sex. These companies
are independent licensees of the Blue Cross and Blue Shield Association. We comply with applicable Federal civil rights laws and do not discriminate on the basis
93985 0819R
of race, color, national origin, age, disability or sex. are independent licensees of the Blue Cross and Blue Shield Association. We comply with applicable Federal civil rights laws and do not discriminate on the basis
of race, color, national origin, age, disability or sex.
93985 0819R 93985 0819R