Page 4 - Abacoa Community News - July '20

Page 4, Abacoa
Caring For Yourself

With The Right Estate Planning Prescription

Submitted by Anné can customize it so that you will have the assistance you need, We understand that you are busy and your time is valuable.
Desormier-Cartwright, when you need it, based on your individual situation and wishes. To better assist our clients, we are available to meet by telephone
Esq. As you are probably well aware, a medical power of attorney or video conference. We may also be able to use remote
To all frontline and allows you to name a trusted individual to communicate your procedures for the signing and executing of your documents,
“essential” workers: Thank medical wishes in the event you are unable to do so. It is eliminating the need for you to come into our office at all. Your
you for all of your hard work important that you choose someone you trust because you estate planning should not have to wait until you have a day off.
– day in and day out (and will not be able to oversee your agent’s decisions. It is equally Give us a call so we can get started caring for you right away.
often evenings, nights, and important that you convey your wishes to this individual clearly. If you have questions about this article or your estate plan
weekends). You tirelessly give This can be accomplished through the use of a living will or and what documents are necessary schedule a consultation
of yourself to care for some of advanced directive. today by calling our office at (561) 694-7827, Anné Desormier-
the most vulnerable people Additionally, you can execute a HIPAA authorization in the Cartwright, Esq., Elder & Estate Planning Attorneys PA, 480
in our society. Whether you event you would like other trusted individuals to have access Maplewood Drive, Suite 3, Jupiter, FL 33458.
are caring for them in a hospital, therapy room, or patient’s to your medical information (i.e., to get a status update on your The content of this article is general and should not be relied
home, you are there to protect and help the patient gain a better condition or obtain test results for you) but do not want them upon without review of your specific circumstances by competent
tomorrow. to have the ability to make decisions. In a stressful situation, legal counsel. Reliance on the information herein is at your
However, one important question remains. What have you the dissemination of reliable information straight from the own risk, as it expresses no opinion by the firm on your specific
done to prepare for your own care? Working together, we can healthcare provider can be a way to ease tensions and allow circumstances or legal needs. An attorney client relationship is
craft the best possible estate planning prescription that will everyone to process what is going on with a level head. not created through the information provided herein.
protect you today, tomorrow and well into the future using the
best legal tools available.
A revocable living trust is an excellent way to manage and Louis Vuitton Wine?
protect your money and property. Contrary to what some may
think, you don’t have to have lots of money and property to
benefit from a trust. The two major players involved in a trust ‘Where Fashion And
are the trustee and the beneficiary. During your lifetime, as
long as you are able and choose to do so, you can act as the
trustee and can control all money and property in the trust. Wine Merge ...’
However, when you are managing the money and property,
you are now doing so as the trustee and not as the individual
owner. In addition to serving as the initial trustee, you are also By Laura Berrio, subsidiaries, including Dom Perignon, Veuve Clicquot,
the beneficiary. This means that although you have transferred Freelance Writer/ and Belvedere Vodka, along with many other “luxury
your money and property into the trust, you are still the one Blogger brands.”
receiving the benefits of that money and property. When I think of Other fashion companies have followed the same
In the event you are unable to act (i.e., you become Dom Perignon, Veuve path. Ferragamo and Bulgari have vineyards and estates
incapacitated) or pass away, the individual you have named Clicquot, and French in Southern Tuscany. One of the Guess brothers, who
as your successor trustee will step in and manage the money wine, I picture a small cofounded the company, has a 55-acre Napa vineyard and
and property according to the instructions you have included family-owned business winery. Chanel bought St. Supery vineyard and winery in
in the written trust agreement. Even if you are still alive when with fields of old vine Napa.
the successor takes over, it will be the successor trustee’s grapes. In reality you With all of these “luxury” brand companies lending
responsibility to manage and use the money and property for have to look to the their name and efforts to making great wine and
your benefit. Then, upon your passing, the successor trustee fashion industry to find Champagne, it has me thinking of other fun potential
is required to hold or distribute the money and property in the owner. ventures. …
the trust according to the instructions in the trust instrument. Wine and fashion are two of life’s greatest pleasures! • AVEDA could make an organic wine
This transition of trusteeship between you and your successor What goes better than a glass of wine and a fashion • Rolex could make Champagne to rival Dom Perignon
trustee happens without court involvement, making it quick magazine? You don’t have to look far to find brands like • YSL could make a wine that has anti-aging beauty
and private. Louis Vuitton, Chanel, Ferragamo and Diesel in the wine properties
A financial power of attorney allows the trusted person business! The list is endless, but one thing is for sure, more and
you choose (your “agent”) to handle your financial matters on In the past you could buy a Louis Vuitton wine carrier more companies are entering the world of “wine” and
your behalf. The agent can handle a wide variety of transactions … but now you can buy their wine and Champagne to changing our perception of our everyday glass of wine
from signing checks to opening a bank account to filing your go in them. In 1987 Louis Vuitton and Moet Hennessy to that of a “lifestyle” choice.
taxes, depending upon the authority you grant that individual merged and formed LVMH. LVMH now owns over 60 ~Cheers!
in the power of attorney. This can be a helpful tool if you are
incapacitated, bedridden, or just unavailable to engage in the
necessary transaction. The beauty of this document is that you
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