Page 10 - Jupiter Ocean Mile - April '20

Page 10, Jupiter Ocean Mile
Financial Focus

Avoid These Estate Planning • Not going beyond a will – While a will is an essential • Not naming proper beneficiaries – Many of your
component of estate planning, it’s often not enough. You assets – 401(k), IRA, life insurance and so on – require
Mistakes may need to create other documents, such as a living you to name a beneficiary. These beneficiary designations
trust, which, among other benefits, enables your estate to are powerful, often superseding the instructions in your
By Sally Sima Stahl avoid probate, a time-consuming and public process that will. If circumstances change in your life, such as new
You save and invest to can lead to disputes among your heirs and others. And children, or divorce or remarriage, you may well want to
meet a variety of goals a living trust lets you place highly specific conditions change beneficiaries. It’s easy to do – but it’s also easy
during your lifetime: college on how and when you want your assets distributed. You to overlook.
for your children, long might also consider other legal documents, including a • Not updating ownership of assets – A change in your
vacations, a comfortable power of attorney, which allows you to appoint a person family situation or changes in the laws governing income
retirement, and so on. But or organization to handle your affairs if you can’t do so and estate taxes could require you to update ownership
you probably also want to yourself, and a health care directive, which lets you name designations of financial assets.
leave something behind someone to make health care decisions on your behalf, And here’s perhaps the biggest mistake of all: Not
– to your loved ones and, should you become physically or mentally incapacitated. understanding what’s in your estate plan. You need to work
possibly, to the charitable • Choosing the wrong executor – An executor is closely with your tax, legal and financial professionals to
organizations you support. responsible for distributing property to your beneficiaries create a plan you fully comprehend and can communicate
To do so, you’ll need to develop a comprehensive estate and paying off any debts and taxes your estate may owe, effectively to your loved ones. Surprises are often pleasant
plan, but to make that plan work; you must avoid some among other tasks. Because the role of executor is so in many areas of life – but estate planning is not one of them.
common mistakes. important, you need to choose someone who is reliable, This article was written by Edward Jones for use by your
Here are a few of these pitfalls you’ll want to avoid: competent and trustworthy. It’s certainly possible to find local Edward Jones Financial Advisor.
• Not writing a will – If you were to die “intestate” – such an individual in your own family, but many people Edward Jones, its employees and financial advisors are
without a last will and testament – the state in which you choose someone who is either conflicted, too busy or not estate planners and cannot provide tax or legal advice.
live would determine how your property was distributed. simply not up to the task. If you have doubts about picking Call me for a free portfolio review at (561) 748-7600,
And the state’s decisions may not match what you had in a good executor, you may want to turn to a trust company. Sally Sima Stahl, AAMS, 1851 W. Indiantown Road, Ste.
mind at all. Furthermore, a will is where you would name The costs likely will be higher than if you chose a family 106, Jupiter, FL 33458.
guardians for your minor children. member, but the results may be much better.
Northern Notes

Dollars And Sense (Of Purpose) to government are properly budgeted, disbursed and Board of Supervisors in February and Northern received
accounted for,” Burke said. “This accountability is a key an unmodified opinion on the fair presentation of the
By Katie Roundtree, ingredient to ensure people’s faith in government.” financial statements, the best result possible.
Finance Director, Northern Northern Palm Beach County Improvement District’s Finally, we are in the process of drafting our 2020/21
Palm Beach County finance department consists of a finance director, budget budget. In an effort to communicate our spending plan
Improvement District manager, fiscal specialist/receptionist, information to our constituents, Northern’s staff will hold meetings
By official proclamation, system specialist/payroll clerk and two part-time interns. with unit representatives, including landowners, property
on March 10, the Palm Staff is responsible for preparing and managing an managers and homeowner association representatives. The
Beach County Board of approximately $37 million budget for roughly 50 unique district’s Budget and Banking Committee will carefully
County Commissioners, units of development. Each unit has its own budget and review all aspects of the proposed budget. Meetings will
designated March 16 to 20 assessment rate(s). Northern’s tax roll is certified each be held throughout the late spring and early summer to
as “Government Finance year with approximately 160 different assessment rates discuss the budget with the Board of Supervisors. Check
Professionals Week.” This that are applied to each of the 58,000 parcels within the our website for our meeting schedule.
inaugural Government district. NPDES tip: Please do not put any excess oils, paints
Finance Professionals Week We take our responsibility seriously and that gives us or solvents into lakes, canals, or storm drains! They go
is sponsored by the Florida Government Finance Officers the sense of purpose to ensure the proper accountability directly into the ground water supply.
Association (FGFOA), a professional association founded of taxpayers’ money. The most recent audit of the
in 1937 and serving more than 3,300 professionals from financial statements of the district was presented to the
state, county and city governments, school districts,
colleges and universities, special districts, and private
firms.
The FGFOA is dedicated to being a professional
resource by providing opportunities through education,
networking, leadership and information. The weeklong
series of activities sponsored by the FGFOA and all
of its member governmental organizations, is aimed at
recognizing government finance professionals and the
vital services that they provide to our state and to our
communities.
“This is a wonderful opportunity to showcase the
talents of many professionals who are generally not in
the public eye,” said FGFOA President Ken Burke. “We
offer congratulations to all of the government finance
professionals throughout the state of Florida as we
celebrate their accomplishments.”
“The professional finance officer’s knowledge,
integrity and dedication make certain that funds entrusted
April 2020 / Jupiter Inlet Tide Chart

Day High Low High Low High Day High Low High Low High
Wed 1 High 3:27 AM Low 9:47 AM High 3:32 PM Low 10:15 PM Fri 17 Low 12:07 AM High 6:07 AM Low 12:38 PM High 6:28 PM
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Fri 3 High 5:40 AM Low 12:04 PM High 5:57 PM Sun 19 Low 1:49 AM High 7:42 AM Low 2:10 PM High 8:04 PM
Sat 4 Low 12:31 AM High 6:42 AM Low 1:04 PM High 7:02 PM Mon 20 Low 2:32 AM High 8:21 AM Low 2:49 PM High 8:45 PM
Sun 5 Low 1:31 AM High 7:37 AM Low 1:59 PM High 8:01 PM Tue 21 Low 3:11 AM High 8:57 AM Low 3:25 PM High 9:23 PM
Mon 6 Low 2:26 AM High 8:28 AM Low 2:50 PM High 8:55 PM Wed 22 Low 3:48 AM High 9:33 AM Low 4:00 PM High 10:00 PM
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Fri 10 Low 5:48 AM High 11:39 AM Low 6:08 PM Sun 26 Low 6:07 AM High 11:56 AM Low 6:17 PM
Sat 11 High 12:17 AM Low 6:39 AM High 12:28 PM Low 7:00 PM Mon 27 High 12:35 AM Low 6:46 AM High 12:36 PM Low 6:59 PM
Sun 12 High 1:09 AM Low 7:33 AM High 1:19 PM Low 7:55 PM Tue 28 High 1:19 AM Low 7:31 AM High 1:21 PM Low 7:48 PM
Mon 13 High 2:03 AM Low 8:30 AM High 2:14 PM Low 8:55 PM Wed 29 High 2:09 AM Low 8:25 AM High 2:14 PM Low 8:46 PM
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Wed 15 High 4:03 AM Low 10:39 AM High 4:20 PM Low 11:05 PM
Thu 16 High 5:07 AM Low 11:42 AM High 5:27 PM
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