April 2008 Newsletter
...From Leigh
During the last few months, I have had many reminders of how precious life is and that there are
no guarantees. Most recently, I received a call that one of my clients was in the ICU after a
bicycle accident. His family needed the ability to reach his bank account. They went to the bank
and tried to become a signer on the account, so they could pay bills for the family and the family
business. Although they had Power of Attorney, the bank wouldn't allow them to become a
signer, because the Power of Attorney was more than six months old. I had prepared a Will and
Power of Attorney for this client and we had discussed preparing a Trust during several
appointments. He wanted to wait till later date to prepare a Trust. This situation illustrates the
importance of having a Trust. If the client had a Trust prepared, the successor trustee would
have access the accounts. Now we have to look into a guardianship to help the family have
access to the funds. The delay in accessing the funds will be at least six weeks.
I have had two clients pass away that were in their 50's. Another client became paralyzed at the
young age of 58. I have one client who was diagnosed with Alzheimer's at the young age of 56.
They all had discussed long-term care insurance several times with their advisor, but decided to
wait till later to purchase it. Now it is too late.
The linked article below, Net Unrealized Appreciation, provides important information if you are
participating in a company retirement plan. There is also a very interesting article regarding what
different types of assisted living care are available
Sincerely,
Leigh
Click on the following links:
Net Unrealized Appreciation
Clearing up the confusion about levels of care
Quotes
Daily Cartoon
We appreciate your referrals
Jan Springer Carole High
Judd Holt Jay Arbetter
David Tuebner Brian Tillotson
Jane Hale Mike Woods
...From Leigh
During the last few months, I have had many reminders of how precious life is and that there are
no guarantees. Most recently, I received a call that one of my clients was in the ICU after a
bicycle accident. His family needed the ability to reach his bank account. They went to the bank
and tried to become a signer on the account, so they could pay bills for the family and the family
business. Although they had Power of Attorney, the bank wouldn't allow them to become a
signer, because the Power of Attorney was more than six months old. I had prepared a Will and
Power of Attorney for this client and we had discussed preparing a Trust during several
appointments. He wanted to wait till later date to prepare a Trust. This situation illustrates the
importance of having a Trust. If the client had a Trust prepared, the successor trustee would
have access the accounts. Now we have to look into a guardianship to help the family have
access to the funds. The delay in accessing the funds will be at least six weeks.
I have had two clients pass away that were in their 50's. Another client became paralyzed at the
young age of 58. I have one client who was diagnosed with Alzheimer's at the young age of 56.
They all had discussed long-term care insurance several times with their advisor, but decided to
wait till later to purchase it. Now it is too late.
The linked article below, Net Unrealized Appreciation, provides important information if you are
participating in a company retirement plan. There is also a very interesting article regarding what
different types of assisted living care are available
Sincerely,
Leigh
Click on the following links:
Net Unrealized Appreciation
Clearing up the confusion about levels of care
Quotes
Daily Cartoon
We appreciate your referrals
Jan Springer Carole High
Judd Holt Jay Arbetter
David Tuebner Brian Tillotson
Jane Hale Mike Woods
