Coordinating Your Investments with your Estate Plan

Law Made Easy Press
www.shenkmaneducation.com

Estate Video – Simon Says: Manage Your Money
Coordinating Your Investments with your Estate Plan

Martin M. Shenkman, P.C.
Law Offices of Martin M. Shenkman, P.C.
4 Forest Avenue
Paramus, New Jersey 07652

Coordinating Your Investments with your
Estate Plan

The idea of estate planning is something that at times
many people become so focused with they don’t really take the time to examine
all the other issues having to do with their actual estate. Estate planning is
not effective unless the person coordinates the plan with their investment
planning. Unexpected or abrupt changes could have a dramatic effect on an
estate, ex. Death, Unexplained and Unplanned Events, Medical Emergency etc.
Here is a list of ways to ensure your investments are coordinated with your
estate plan.

1. Make an investment policy statement for certain
trusts.

– This is to keep the stipulations under the trust very
clear cut. The policy communicates the time frame on how long this money is
invested, how often you take money, how much you are taking, and how long you
will be taking the money.

– It also assess you risk tolerance for future planning by
getting a formal background of what you are investing in.

– It also takes taxes into consideration.

2. Understand that different situations may call for
different plans of action.

3. Make certain that your investment, estate, and
financial planner keep in contact with each other.

– To ensure this schedule one meeting together once a year
to make sure everyone is on the same page.

– Also make sure that no major changes are needed to be
made in any aspect of your estate.

4. Find someone skilled enough to ensure your estate is
completely secure, even if that means finding other investment planners who are
more skilled at handling your type of estate.

5. Always do your planning and gift giving with a
financial projection of the future.

– Taking the projection into consideration while gift
giving can ensure longevity in your estate.

6. Consider a Grantor Retained Annuity Trust (GRAT) which is a trust that a
person could put money into from their estate which could potentially pay them
back annuity.

– If the stock market goes up, the return grows outside of
your estate.

The above is a summary of a TV show episode on Piscataway
Community Television Network in Edison, New Jersey, and his guest Martin M.
Shenkman, Esq. an estate planner in Paramus, New Jersey. Listen to the video
clip of this segment on www.shenkmaneducation.com for more financial tips.

Disclaimer: Law Made Easy Press® provides practical and
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assurance that the laws or sample documents are current, that the forms will
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from location. Therefore, you should always consult with a local attorney,
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