Page 9 - Jupiter Spotlight - July '21
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Jupiter Spotlight, Page 9
      Northern Notes

      Hurricane Tips And                                 maintained throughout the year, checking for expiration dates
                                                         each time. A stock of water to last at least three days per person
      Reminders                                          is essential, but one lasting up to two weeks is ideal.
                                                           Investing in gasoline containers and keeping them filled
      By Katie Roundtree,                                up during hurricane season is also helpful in case a hurricane
      Finance Director, Northern                         causes a large-scale evacuation, as with Hurricane Irma.
      Palm Beach County                                  These spare gas containers may be your only source of gas
      Improvement District                               while evacuating the area. Store gasoline in a well-ventilated
        June 1 began the official                        detached shed or garage, at least 50 feet away from ignition
      Atlantic hurricane season.                         sources such as pilot lights or a furnace. Store gasoline at
      The National Oceanic and                           room temperature and keep it away from potential heat
      Atmospheric Administration                         sources such as the sun, or the trunk of a car that’s in direct
      (NOAA) is predicting another                       sun. Heating the gasoline will build pressure in the container.
      busy year. Now is the time to                      Gas can be stored up to three to six months, so be sure to use
      prepare and make sure you                          and replace the gas in your containers with fresh gasoline
      and your family are ready,                         every few months.                                                               Source:
      just in case our area is affected this year. When a hurricane     Another priority for hurricane prep is to check your
      threatens, there is one thing that can be predicted year after   “window plan.” Some options are to board up your house     • Flashlights
      year and hurricane after hurricane: panic and chaos. Gasoline   with plywood, install shutters or hurricane impact windows.     • Extra batteries
      stations, hardware stores and grocery stores become inundated   These precautions prevent flying debris from damaging the     • First-aid kit
      with people panic buying since they waited until the last minute   windows in your house. Having a window plan before an     • Maps of the area (in case you can’t access your cell
      to prepare. The first step to prepare for hurricane season and   impending hurricane means that the supplies will be more   phone or GPS)
      avoid the chaotic shopping spree is to build your “hurricane   plentiful. Metal shutters and plywood are just as difficult to     While hurricane season can be a stressful and uncertain
      stock” now. A “hurricane stock” is essential for post landfall,   find as water before a storm hits. Purchasing these materials   time, being prepared is the best thing you can do to ease that
      because flooding and debris may prevent you from leaving   and cutting them to fit your windows beforehand will only   stress. Being prepared allows you to be in control, not the
      your house for a while. A stock of nonperishable goods such as   ease hurricane season anxiety and protect yourself as best   storm. Happy hurricane season Floridians, be safe, aware
      water, cereal, dry milk and canned foods is also useful in case   as possible.                       and prepared!
      of electric outages. A good method is to create an assigned bin     Other hurricane necessities according to the Red Cross:     NPDES tip: Planting a rain garden with native plants
      to be used during a hurricane to store your “hurricane stock.”     • Battery powered radio to access the NOAA Weather   around your home helps lock rainwater in the ground,
      This hurricane stock should be replenished after each storm and   Channel                            reducing the flow of pollutants and poisons into the drains.
                                                                                                           Using organic fertilizers and pesticides in your garden further
                                                                                                           protects and brings health to your yard and all the species
                                                                                                           living there.
                                                         Leaving Your Employer?
                                                         Understand Your 401(k) Options.                    It’s The Law!

                                                         At Edward Jones, we can explain options for your
                                                         401(k), including leaving the money in your former
                                                         employer’s plan, moving it to your new employer’s   Did You Know That, In
                                                         plan,  rolling it over  to an individual Retirement
                                                         Account (IRA) or cashing out the account subject to   Florida…
                                                         tax consequences.
                                                                                                            By Adam S. Gumson, Esq.
                                                         To learn more, call today.                           A trust describes the
                                                                                                            relationship between three
                                                                                                            separate parties: 1) the
                                                                                                            grantor, who supplies
                        Sally S Stahl, AAMS®                                                                the assets/funds; 2) a
                        Financial Advisor                                      trustee, who agrees to
                                                               M e m b   P I S   r e  C                     hold and administer the

                        1851 W Indiantown Rd Ste 106                                                        assets/funds according
                        Jupiter, FL 33458                                                                   to the grantor’s wishes
                        561-748-7600                                                                        (which are spelled out
                                                                                                            in  the trust);  and 3) a
                                                                                                            beneficiary, who receives the assets/funds.
                                                                                                              In a divorce, marital property refers to those assets
                                                                                                            acquired during the parties’ marriage, such as income
                                                                                                            earned or properties acquired with that income.
                                                                                                              Nonmarital property includes: 1) assets acquired
                                                                                                            prior to marriage; 2) income from nonmarital assets; 3)
                                                                                                            assets received by gift or inheritance (whether before
                                                                                                            or during the marriage); 4) portions of personal injury
                                                                                                            awards for pain and suffering; and 5) assets excluded by
                                                                                                            agreement of the parties.
                                                                                                              Many assets of a deceased person may be distributed
                                                                                                            to his/her beneficiaries without probate court approval.
                                                                                                            The most common kinds of nonprobate property are:
                                                                                                            property held in joint tenancy with rights of survivorship
                                                                                                            (such as a house or bank account owned by a couple);
                                                                                                            assets for which the person designated a beneficiary (a
                                                                                                            pay-on-death (“POD”) bank account); and assets held in
                                                                                                            a living revocable trust.
                                                                                                              A contract may have different contingencies that allow
                                                                                                            for either party to cancel it if the contingency does not occur.
                                                                                                            For instance, it is fairly common to place contingencies
                                                                                                            on the results of an inspection or financing with the buyer
                                                                                                            permitted to terminate the contract if the inspection does
                                                                                                            not go well or if the financing loan is not approved.
                                                                                                              Jupiter Law Center is a private neighborhood law
                                                                                                            firm located in the RiverPlace Professional Center, 1003
                                                                                                            W. Indiantown Road, Suite 210, Jupiter, Fla., (561) 744-
                                                                                                            4600, The firm provides peace of
                                                                                                            mind by solving problems with integrity and compassion
                                                                                                            in the areas of estate planning (wills and trusts, powers
                                                                                                            of attorney, health care surrogates, living wills, probate
                                                                                                            estates, succession planning, contracts and purchase/
                                                                                                            sale agreements), family law (divorce, paternity, child
                                                                                                            support and time sharing, alimony, property distribution,
                                                                                                            modifications,  collaborative  law,  pre/post  nuptial
                                                                                                            agreements) and real estate (community association law,
                                                                                                            residential and commercial transactions, deeds, closings).
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