Page 2 - Hobe Sound Reflections - June '20

Page 2, Hobe Sound

LegaL TaLk

Is A Trust Right For Me? version of the following: “I’m not wealthy – why would I their children upon his or her death at the expense of the
need a trust?” This presumes that a “level of wealth” must deceased spouse’s children. In this way, a trust can be
By Ryan Abernethy be reached before this type of planning is appropriate. used to provide insurance that a client’s spouse and their
The word “trust” brings On the contrary, one shouldn’t look at wealth solely in children are both provided for upon their death.
several images to mind. terms of “dollars and cents”; for estate planning purposes, Trust planning is important when a client’s child isn’t
One is the “trust fund an individual should see his or her wealth – whatever the mature enough to manage an inheritance should that client
kid” stereotype portrayed level – as a legacy. pass away in the immediate future, or if a client wishes to
in movies or TV. We encourage clients to implement an estate plan have a child’s inheritance pass to them in way that protects
Another is seeing that ensures that their legacy passes to their heirs and that inheritance from that child’s potential “creditors and
words like “revocable” beneficiaries in a “smart way” – a time- and cost-efficient predators” (for example, a creditor resulting from a car
or “irrevocable” while way that offers protection from life’s “bumps in the road.” accident or debts from an ex-spouse).
doing research or hearing Trust planning is critically important for “blended Trusts also serve as a means to avoid opening a probate
discussions involving families” when one or both spouses have children from proceeding upon an individual’s death.
probate avoidance. prior relationships. Here, a typical goal is to allow a These are a few examples of instances in which trust
Since a huge amount of information exists on this surviving spouse the ability to use the deceased spouse’s planning is advantageous. Because individual goals vary,
subject (not all of it relevant), many people feel confused assets upon that first spouse’s death (usually subject to you should discuss your personal estate planning goals
when trying to determine if a trust is “right” for them. restrictions), while simultaneously ensuring that the and needs with a qualified trust attorney to determine
When we meet with our clients, we often hear some surviving spouse cannot direct that these assets pass to how this type of planning may benefit you.

Salvation Army Women’s Auxiliary from page 1 About The Salvation Army
The Salvation Army
in the Angel Tree Christmas Assistance program, helped annually helps more than 23
start a children’s music program and purchased backpacks million Americans overcome
and school supplies to be donated to hundreds of children. poverty, addiction, and
Total appropriations to the Army recently surpassed the economic hardships through
$1 million mark. a range of social services. By
Staff at the Salvation Army are thrilled to have the providing food for the hungry,
auxiliary’s ongoing support to help those in need. “The emergency relief for disaster
impact that The Salvation Armwy has been able to have survivors, rehabilitation for
in the lives of countless men, women and children in those suffering from drug and
these three counties is due in large part to the devoted alcohol abuse, and clothing
efforts of this fabulous group of ladies,” says Lt. Sheena and shelter for people in
Marquis, Corps Officer. need, The Salvation Army is
Mary Helen Keim passed away in November; ten days doing the most good at 7,600
shy of her 103rd birthday. In her memory, the Salvation centers of operation around
Army has created a new award to be presented every the country. In the first-
year to pay tribute to an outstanding women’s auxiliary ever listing of “America’s
member. “Mary Helen leaves behind an incredible legacy Favorite Charities” by The
that we hope to honor by continuing to “do the most good” Chronicle of Philanthropy,
with the help of our women’s auxiliary,” says Marquis. The Salvation Army ranked
Today the Salvation Army Women’s Auxiliary as the country’s largest
boasts 57 members from Martin and St. Lucie counties privately funded, direct-
and continues to support Compassion House and the service nonprofit. For
Army’s many other programs through fundraising and more information, visit
volunteering. Women interested in joining may contact SalvationArmyUSA.org. Auxiliary
Membership Chair Judy Scott at (772) 288-1206 or visit
salvationarmyflorida.org/martincounty.
Sandhill Cove Foundation, Inc. from page 1 Garlington, Nancy Treece and Les Applegate.
Twenty-three of the scholars will attend IRSC, 14
Belgine Desir, Suzzlie Desir, Clifford Dominique, will attend other Florida institutions and three will
Kindra Dominique, Matthew Donohue, Shannon take on-line courses at out-of-state universities.
Duggan, Stacy Duphren, Chyenna Duphren, Anushka They will be enrolled in degrees for nursing,
Eliaza, Terry Diane Exantus, Darlie Gabriel, Mark criminal justice, cyber security, accounting, clinical
Godkin, Bianca Hampton, Cortni James, Demetrius psychology, information technology, business
Johnson, Tamara Johnson, Rosie Julmis, Peyton administration, graphic design, health care, health
Kneubehl, Paulette Leighton, Katarina Leon, Savoya administration, engineering and pre-med, as well
Captain’s was established in 1980 servicing Levers, Stady Ann Marie Lewis, Shawn McDonald, as certifications in EMT and other career training
Palm Beach County and is a privately Stefanie Pineda Mijares, Elmany Mondesir, Dalton programs.
owned and managed company. Pohl, Shantia Reid, Jonathan Resendiz, Alexis Simms, Sandhill Cove Foundation, Inc. has received more
Captain’s is committed to providing Heather M. Stone, Nordia Taylor-Levers, Karina than 1,228 donations from residents since its inception
dependable, reliable and professional
ground transportation to and from all Teixeira and Joronda Thompson. in August 2015.
South Florida Airports and Seaports. PBCVH212 Scholarship Committee members who interviewed For additional information about the scholarship
To reserve your vehicle: and selected recipients were Cochair Roger Folts, program, call Ty Forbush, president, Sandhill Cove
561-798-2180 or 800-634-7890 www.captainsairport.com Cochair Bobbie Spilman, Ellyn Capper, Katherine Foundation Inc. at (561) 747-4332.

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