Page 5 - Jupiter West - December '20

Jupiter West, Page 5
Did You Include Your Grandkids In Your Will?

Five Tips To Avoid Common that inheritance to do for them (e.g., put them through college, To comply with the U.S. Treasury regulations, we must
inform you that (i) any U.S. federal tax advice contained
buy them a house, help them start a business, or something else
Problems entirely), you can’t expect it to happen if you don’t communicate in this newsletter was not intended or written to be used,
it to them in your will or trust. and cannot be used, by any person for the purpose of
Submitted by Anné Avoiding this pitfall: Stipulate specific things or activities avoiding U.S. federal tax penalties that may be imposed
Desormier-Cartwright, J.D. that the money should be used for in your estate plan. Clarify on such person and (ii) each taxpayer should seek advice
As we build wealth, we your intentions and wishes. from their tax advisor based on the taxpayer’s particular
naturally desire to pass that 4. Being Ambiguous In Your Language. circumstances.
financial stability to our Money can make people act in unusual ways. If there is any
offspring. With the grandkids, ambiguity in your will or trust as to how much you’re leaving
especially, we often share a each grandchild, and in what capacity, the door could be opened Chief’s Corner
special bond that makes us for greedy relatives to contest your plan.
want to provide well for their Avoiding this pitfall: Be crystal clear in every detail
future. However, that bond can concerning your grandchildren’s inheritance. An experienced Dear Resident,
actually turn into a weakness estate planning attorney can help you clarify any ambiguous The month of
if proper precautions aren’t set points in your will or trust. December has arrived
in place. If you’re planning to include the grandchildren in your 5. Touching Your Retirement. and the holiday
will, here are five potential dangers to watch for, and ways you Many misguided grandparents make the mistake of forfeiting celebrations have
can avoid them. some or all of their retirement money to the kids or grandkids, begun. This year,
1. Including No Age Stipulation. especially when a family member is going through some sort whether you are staying
We have no idea how old the grandchildren will be when we of financial crisis. Trying to get the money back when you need home for the holidays or
pass on. If they are under 18, or if they are financially immature might be difficult to impossible. traveling to spend time
when you die, they could receive a large inheritance before they Avoiding this pitfall: Resist the temptation to jeopardize your with family and friends,
know how to handle it, and it could be easily wasted. future by trying to “fix it” for your grandchildren. If you want to please remember a few
Avoiding this pitfall: Create a long-term trust for your help them now, consider giving them part of their inheritance in safety tips to ensure the
grandchildren that provides continued management of assets advance, or setting up a trust for them. But, always make sure safety of yourself and your home and valuables:
regardless of their age when you pass away. any lifetime giving you make doesn’t leave you high and dry. • Lock all of your vehicle’s doors, even while you
2. Too Much, Too Soon. If you’re planning to put your grandchildren in your will or are fueling.
Even if your grandkids are legally old enough to receive an trust, we’re here to help with every detail you need to consider. • Do not leave gifts and purchases visible in your
inheritance when you pass on, if they haven’t learned enough Contact us to explore your options and protect your family. car.
about handling large sums of money properly, the inheritance If you have questions about your estate plan and what • Avoid flashing large amounts of cash when going
could still be quickly squandered. documents you should have in place to plan your estate, to pay for something.
Avoiding this pitfall: Outright or lump-sum distributions are schedule a free consultation today by calling our office at (561) • At night, always walk in well-lighted areas,
usually not advisable. Luckily, there are many options available, 694-7827, Anné Desormier-Cartwright, Esq., Elder & Estate especially at shopping centers.
from staggered distributions to leaving their inheritance in a Planning Attorneys PA, 480 Maplewood Drive, Suite 3, Jupiter, • Stay off your cell phone as you walk through
lifetime, “beneficiary-controlled” trust. An experienced estate FL 33458. parking lots or streets when you are alone.
planning attorney can help you decide the best way to leave The content of this article is general and should not be relied • Keep doors and windows closed and locked while
your assets. upon without review of your specific circumstances by competent you are away from home and while you sleep.
3. Not Communicating How You’d Like Them To Use The legal counsel. Reliance on the information herein is at your • If you plan on traveling out of town for an
Inheritance. own risk, as it expresses no opinion by the firm on your specific extended vacation, have a neighbor you know and
You might trust your grandchildren implicitly to handle their circumstances or legal needs. An attorney client relationship is trust collect your mail or have the post office stop mail
inheritance, but if you have specific intentions for what you want not created through the information provided herein. delivery until you are back at home. An overstuffed
mailbox is a sign that you are out of town.
• Leave a light on inside your home, or set an
$59 or if you are out of town.
automatic timer for your lights if you go out at night,
Introductory Massage Stay healthy and stay safe, and I hope you have a

wonderful holiday season.
Please continue to visit us on our website at www.
jupiter.fl.us/jpd and on Facebook @JupiterPolice for
information and dates on upcoming events.
Sincerely,
Daniel J. Kerr, Chief of Police

561-745-1002
Captain’s was established in 1980 servicing
654 West Indiantown Palm Beach County and is a privately
owned and managed company.
Road, Jupiter, FL 33458 Captain’s is committed to providing
www.drlaruffa.com dependable, reliable and professional
ground transportation to and from all
South Florida Airports and Seaports. PBCVH212
To reserve your vehicle:
561-798-2180 or 800-634-7890 www.captainsairport.com

December 2020 / Jupiter Inlet Tide Chart

Day High Low High Low High Day High Low High Low High
Tue 1 3:23 AM 9:35 AM 3:50 PM 9:37 PM Thur 17 4:51 AM 11:02 AM 5:24 PM 11:13 PM
Wed 2 3:59 AM 10:15 AM 4:28 PM 10:17 PM Fri 18 5:43 AM 11:50 AM 6:17 PM
Thu 3 4:37 AM 10:57 AM 5:07 PM 10:59 PM Sat 19 12:04 AM 6:36 AM 12:38 PM 7:12 PM
Fri 4 5:18 AM 11:40 AM 5:52 PM 11:45 PM Sun 20 12:56 AM 7:31 AM 1:26 PM 8:08 PM
Sat 5 6:05 AM 12:27 PM 6:42 PM Mon 21 1:51 AM 8:29 AM 2:16 PM 9:04 PM
Sun 6 12:38 AM 6:59 AM 1:17 PM 7:40 PM Tue 22 2:48 AM 9:27 AM 3:06 PM 9:59 PM
Mon 7 1:37 AM 8:01 AM 2:10 PM 8:42 PM Wed 23 3:46 AM 10:23 AM 3:57 PM 10:50 PM
Tue 8 2:41 AM 9:08 AM 3:08 PM 9:45 PM Thur 24 4:43 AM 11:16 AM 4:48 PM 11:37 PM
Wed 9 3:48 AM 10:14 AM 4:07 PM 10:45 PM Fri 25 5:35 AM 12:04 PM 5:37 PM
Thur 10 4:52 AM 11:16 AM 5:05 PM 11:42 PM Sat 26 12:21 AM 6:23 AM 12:49 PM 6:24 PM
Fri 11 5:53 AM 12:14 PM 6:02 PM Sun 27 1:03 AM 7:08 AM 1:31 PM 7:09 PM
Sat 12 12:36 AM 6:50 AM 1:08 PM 6:57 PM Mon 28 1:43 AM 7:51 AM 2:11 PM 7:53 PM
Sun 13 1:29 AM 7:44 AM 2:01 PM 7:50 PM Tue 29 2:22 AM 8:33 AM 2:50 PM 8:35 PM
Mon 14 2:20 AM 8:35 AM 2:52 PM 8:42 PM Wed 30 3:00 AM 9:15 AM 3:29 PM 9:18 PM
Tue 15 3:10 AM 9:25 AM 3:42 PM 9:32 PM Thur 31 3:40 AM 9:56 AM 4:09 PM 10:01 PM
Wed 16 4:01 AM 10:14 AM 4:33 PM 10:22 PM
A Blog about Follow the
Red Wine and Vine today!
Champagne
for the rest of us!

www.VineVibeUncorked.com Take Life one Sip at a time!