Page 6 - Palm City Spotlight - December '19

Page 6, Palm City Spotlight

Kids Corner

Solutions For Stressed Out to Overcoming Anxiety is a great book for you to read to might realize. Melissa’s child stressed over the smallest
your child because it uses some of the same techniques
of stories like a dog that was lost and found far away so
Kids as professional counselors. she obsessed on her dog getting lost. Melissa stopped
Mindfulness is teaching children to be relaxed and watching TV news and now gets news from Facebook.
By Jim Forgan, Ph.D., focused by calming their mind and becoming aware of About 30 percent of kids with stress need professional
School Psychologist their body. It helps kids with focus, listening, slowing help. If you’ve tried the above strategies, consider
Today’s children down, and remaining calm under stress. You can contacting our office to help your child with stress and
feel the pressure of practice with your child by searching YouTube for kids anxiety. Another source to find a professional counselor
standards-based testing, mindfulness videos. Goldie Hawn has a mindfulness is the South Florida Association of Christian Counselors.
h i g h p e r f o r m a n c e curriculum to use in schools. www.JimForgan.com or (561) 625-4125.
expectations, social media Limit TV and showing your child the daily news. Kids
pressure, and complicated are observant and pay attention to more than what you
family dynamics. It’s
no wonder why doctors
and psychologists report LegaL TaLk
an uptick in stress and
anxiety. How’s your own stress level? When you are
stressed it often carries over to your child’s stress.
Furthermore, there’s a genetic link and anxiety often runs The Importance Of Proper their lifetime, but ensures that he or she doesn’t have
in families. This implies you might be part of the cause full control of distributions from the account and can’t
of your child’s stress so taking care of your own stress IRA Planning alter the account’s remainder beneficiaries. A clear
might also help your child’s stress. examination of potential implications if making this
If you want to help your child decrease his or By Ryan C. Abernethy, choice must be explained to the client prior to naming
her stress, try reading children’s books, practicing Associate Attorney and a trust as a “designated beneficiary.”
mindfulness, and limit how much news your child Counselor at Law Generally, when a trust is named as a designated
views. It’s called bibliotherapy when you read your When we first meet beneficiary, larger required minimum distribution
child a children’s literature book about dealing with with a client we talk (“RMDs”) must be withdrawn annually following the
stress. Children relate to characters in kids’ books. about setting goals and account holder’s death. Account distributions passing
What To Do When You Worry Too Much: A Kid’s Guide objectives and review to the trust (rather than directly to the surviving
current assets. Often we spouse) provide greater control, but may result in the
Southern Exposure Technologies find that a portion of majority of the retirement account being dispersed by
Computer Install/Setup/Repair these assets consist of RMDs during the surviving spouse’s lifetime, thereby
qualified retirement plan
decreasing what eventually passes to remainder
(561) 315-0144 assets (IRA accounts, beneficiaries. Further, RMDs are taxed to the recipient
getsetgo.annie@gmail.com 401(k) accounts, etc.). as ordinary income: larger RMDs equals higher tax
* DSL, Broadband,Wireless Install Most clients view these retirement plans as “just burden!
* Networking, Troubleshooting another asset” to be distributed at their death in Naming the spouse as direct beneficiary of
* Instruction accordance with their planning documents. However, a retirement account means lower annual RMD
* Hardware/Software Installation depending on that client’s estate pre-planning, that distributions, “stretching” its lifespan. This may lead
* Virus/Spyware/Adware Fix mindset could lead to severe tax consequences or an to a larger balance going to the account’s remainder
* Cleanup/Maintenance/Backup
* Business Consult/Startup/Move unintended distribution result. beneficiaries upon the surviving spouse’s death –
* Website Design/Maintenance One important situation involves planning for a assuming he or she doesn’t accelerate withdrawal of
Call S.E.T. to install your “new computer, printer surviving spouse. Often, spouses name each other as account funds or alter remainder beneficiaries during
and wireless network”! beneficiaries of retirement plan accounts. This is a their lifetime.
GET S.E.T. GO! simple and often appropriate choice in “first-marriage” This is just one potential pitfall associated with
REASONABLE HOURLY, WEEKLY, MONTHLY RATES situations but significantly more complicated in second retirement account planning. Clients with children too
FOR SMALL BUSINESSES FOR AS LOW AS $50.00 AN HOUR, or third marriages or in “blended families” with young to manage an inheritance, who have a special-
WITH A MINIMUM OF 6 HOURS A MONTH, children from prior relationships. needs child, or plan to leave money to charities also
OR 2 HOURS A WEEK, OR ON AN AS-NEEDED
BASIS RATE OF $75.00 P/HOUR. With blended families, it may be more appropriate benefit from proper retirement account planning.
START YOUR NEW YEAR WITH SECURE BACKUPS, to name a trust that benefits the surviving spouse as the If retirement accounts are part of one’s assets, meeting
QUALITY MAINTENANCE, ATTENTION TO DETAIL AND beneficiary of all or a portion of the client’s retirement with a qualified attorney to ensure beneficiaries don’t
PERSONABLE ON-SITE SUPPORT! plan accounts. This lets the surviving spouse receive a bear the tax costs of improper planning is critically
(561) 315-0144
CALL S.E.T. TODAY FOR YOUR COMPUTER NEEDS! defined benefit from the account for the remainder of important.

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