Page 10 - Jupiter Ocean Mile - February '23

Page 10, Jupiter Ocean Mile
Financial Focus

Passing Assets Through A individual or corporate entity that will manage the trust’s or include a provision that provides incentives, such
as distributing certain amounts of money once the
assets and carry out the purpose of the trust. You could
Trust: What To Know choose a trusted loved one, but this individual might beneficiary has achieved a milestone, such as finishing
not have the knowledge or experience to manage the a degree or purchasing a first home.
By Sally Sima Stahl responsibilities of a trustee. As an alternative, you could One final note: Although you clearly have great control
As the year winds down, choose a corporate fiduciary, such as a bank or trust over what your trust can accomplish, its effectiveness
your thoughts might drift company. These entities are typically regulated by outside will also depend, to a great extent, on its asset level.
to the future. And, as part agencies and provide significant public matter expertise. With this in mind, you’ll want to pay close attention to
of that future, you may Of course, they charge for their services and often have your investment decisions throughout your life and your
be thinking of where your account minimums. withdrawal strategy during retirement. The better your
financial assets will end When are distributions made? As the grantor, choices in these areas, the more options you’ll have with
up. You’ve worked hard you can choose when assets will be distributed to the your trust – and the greater the potential benefits for your
to accumulate them, and beneficiaries you’ve named. You could decide to keep beneficiaries.
you’ll certainly need some the assets in the trust until a beneficiary reaches the This article was written by Edward Jones for use by
of them to support your age of majority; note that the age of majority is not the your local Edward Jones Financial Advisor, Edward
retirement, but what about same in all states. Or you could choose to “phase in” the Jones, Member SIPC.
the rest? What’s the best way to pass them on to your distributions at particular ages – e.g., 30, 35, 40 – or after Edward Jones is a licensed insurance producer in
loved ones? a certain number of years. You could even hold assets all states and Washington, D.C., through Edward D.
There’s no single path for everyone to follow. But you in the trust for the lifetimes of the beneficiaries. These Jones & Co., L.P., and in California, New Mexico and
might consider establishing a trust, which offers some types of choices will depend on several factors, such as Massachusetts through Edward Jones Insurance Agency
key benefits. For example, your estate can avoid the your feelings for how responsible a beneficiary might be of California, L.L.C.; Edward Jones Insurance Agency
time-consuming, and highly public, process of probate. in managing money. of New Mexico, L.L.C.; and Edward Jones Insurance
Plus, you can be highly specific about how your assets For what purposes can the trust assets be used? Agency of Massachusetts, L.L.C.
will be distributed. In addition to choosing when your trust should make Edward Jones, its employees and financial advisors
To establish a trust, you will need to work with a distributions, you can decide how these assets should cannot provide tax advice. You should consult your
qualified estate-planning attorney. And while you’ll be used. You could designate some broad categories, qualified tax advisor regarding your situation.
discuss many issues, here are three key questions that such as health, education, maintenance and support. A Contact us at (561) 748-7600, Sally Sima Stahl, AAMS,
will certainly need to be addressed: beneficiary’s request for distributions in these areas is 1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
Who will serve as trustee of the trust? As the grantor, usually granted. But you could also structure the trust
or creator, of your trust, you will pick the trustee – the to provide mandatory income, perhaps once a year,
Calling All Superheroes!

Peggy Adams Animal Rescue All proceeds benefit
League’s 22nd Annual Walk Peggy Adams Animal
Rescue League.
For The Animals Is Scheduled Sponsors of the walk
include: Conkling &
Saturday, Feb. 25 At The Meyer Amphitheatre Lewis Construction,
Register Today! Inc.; Jones Foster;
To raise money for lost, homeless and unwanted pets, Nozzle Nolen Pest
Peggy Adams Animal Rescue League will host its 22nd Solutions; Searcy
Annual Walk for the Animals supported by Barry Crown. Denney Scarola
The largest pet-friendly walk in Palm Beach County will Barnhart & Shipley,
take place on Saturday, Feb. 25, at the Meyer Amphitheatre PA; Very Important Paws; Veterinary Specialty Hospital;
(104 Datura St.) in West Palm Beach. and Hubbard South Florida.
This pet-friendly walk begins at 8 a.m. with check-in and To learn more about Peggy Adams Animal Rescue
registration, vendors and breakfast for registered walkers. League’s 22nd Annual Walk for the Animals, please visit
At 9:45 a.m. after opening ceremonies, participants will WalkWithPeggy.org or call (561) 530-6057.
enjoy a scenic walk down Flagler Drive. Since all adopters About Peggy Adams Animal Rescue League
are a superhero to their pet, this year’s theme encourages Peggy Adams Animal Rescue League saves more lives than
participants to come out in their best superhero costume! any other rescue organization in Palm Beach County. It provides
Embrace the role of a pet hero … who helps the world become critical services to more than 35,000 animals each year.
a better place and comes to the rescue of animals in need! The mission of the Peggy Adams Animal Rescue League is
As participants complete the one-mile route, they’ll to provide shelter to lost, homeless, and unwanted animals,
enjoy pet costume contests at 10:30 a.m. with amazing prize to provide spay and neuter and other medical services for
baskets at center stage. Categories include Best Dressed, companion animals, and to care for, protect, and find quality
Most Creative, Owner/Pet Look-A-Like and Best in Show. homes for homeless and neglected companion animals,
Participants must register at the event by 10 a.m. There will to advocate animal welfare, community involvement, and
also be local vendors and a fabulous silent auction and raffle education to further the bond between people and animals.
area with great prizes. The event concludes at 11 a.m. Peggy Adams Animal Rescue League has a four-star rating
Although preregistration is encouraged, participants can from Charity Navigator, America’s largest independent
still register to walk at the event. Each registrant who raises or charity navigator. Peggy Adams is an independent nonprofit
donates at least $50 will receive a free T-shirt and a bandana animal rescue organization operating continuously since
(while supplies last). There are also many fundraising 1925. For more information and to donate, please visit
opportunities to earn amazing incentives. PeggyAdams.org.
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