Presentation on theme: "THE FAMILY ESTATE PLANNING TRUST A TRUST DESIGNED TO SAFEGUARD ASSETS FROM A NURSING HOME. Even if I enter a nursing home someday, I want to be able to."— Presentation transcript:
THE FAMILY ESTATE PLANNING TRUST A TRUST DESIGNED TO SAFEGUARD ASSETS FROM A NURSING HOME. Even if I enter a nursing home someday, I want to be able to leave an inheritance to my granddaughter. ADVANCE PLANNING USING THE “ESTATE PLANNING TRUST”. ASSET PROTECTION Planning 60 months in advance will insure that even if we enter the nursing home these funds are protected and will pass probate free to our granddaughter.
ESTATE PLANNING TRUST – PLANNING IN ADVANCE IS IMPORTANT The “Family Estate Trust” helps us protect money that we want to pass to our children We are concern that if we enter a nursing home this could wipe out the money that we want to pass to our children. The “Family Estate Trust” bypasses the Nursing Home, by planning 60 months in advance. The “Family Estate Planning Trust” is an irrevocable trust that holds money for your beneficiaries. Upon your death, these funds pass to your family. Changing “countable assets” to “non-countable” before Medicaid PROTECTING ASSETS BY PLANNING NOW We don’t have nursing home Insurance, so we need to plan now! National Average of a nursing home stay is $6000 per month. The Trust is a non-countable asset if planned 60 months in advance By- Pass the Nursing home The Family inherits funds from the Family Estate Planning Trust A Nursing Home could wipe out a potential inheritance to your family
THE PLANNING PROCESS Our Goal Is to shift money to our granddaughter with the peace of mind that no matter what happens, that nothing in the future can affect these funds. We want to pass these funds to her upon our death. The concerns we have are the following: Asset Protection A Safety net on these funds Nursing home protection Probate Avoidance Since my wife and I don’t have Nursing home insurance, we want to make sure that no matter what happens, these funds will be there for her. The New Estate Planning Trust The Estate Planning Trust is an irrevocable trust that can protect assets from a nursing home. This trust is for clients who would like to take funds and shelter them from the nursing home and make them exempt from the Medicaid spend-down. This trust is for your clients who are in good health. Once 60 months pass, this trust is pass the five year look-back and is Medicaid Exempt. Planning ahead is important. Protect assets today while you have time on your side! FOR AGENT USE ONLY NOT INTENDED FOR PUBLIC DISTRIBUTION. TRUST MUST BE EFFECTIVE FOR 60 MONHTS TO BE MEDICAID EXEMPT. Seek the advice of an Elder Law Attorney
Today I know that if my wife or I go to the nursing home, our granddaughter will still be provided for by our advance planning with the Estate Planning Trust PEACE OF MIND WITH THE ESTATE PLANNING TRUST WE HAVE SAFE GUARDED MONEY THAT WILL PASS TO OUR GRANDDAUGHTER This trust allows us now to place $5000, $10,000, or up to $50,000 to protect against nursing home. This is money that we had sitting in the bank anyways for our children. It’s money that we don’t need during our lifetimes but want to pass to our family upon our deaths. Our health is good and we are planning now to protect these funds.
This New Presentation on the “Estate Planning Trust” is an Exciting Opportunity to Help your clients plan in advance. Remember that 93% of your clients don’t have nursing home Insurance and they are concerned about protecting assets. The Estate Planning Trust allows them to shelter assets from the nursing home. This planning should be done 60 months in advance. Help your clients today. Michael K. O’Dell National Sales Office 877-336-7782 THE ESTATE PLANNING TRUST ADD THIS TO YOUR FUNERAL TRUST SALES NOW YOU CAN SELL THE FUNERAL TRUST AND THE ESTATE PLANNING TRUST This Trust is EASY to SELL to your existing or new clients. Remember, 93% of all seniors don’t have Long term care insurance. This trust changes “countable assets” to “non- countable” after 60 months. It is that simple…Help your clients plan now. For Agent Use Only…Not intended for public distribution. Medicaid rules can change without notice. Medicaid eligibility rules vary from state to state. Please seek the advice of an elder law attorney in your state. This trust is subject to Medicaid Look- back during the first 60 months. Exempt after 60 months. MARKET THE ESTATE TRUST WITH THE FUNERAL TRUST!
This is a sample of the NGL Estate Planning Trust assignment of Ownership. List the insured Policy beneficiary would be other if you plan to name beneficiaries. Remember there is a 60 month period that must pass before these funds are not considered to be a divestment. Be sure to have client sign at the bottom. The funeral trust is not subject to a 60 month look-back in most states. To get supplies, please call 877-336-7782 Trust form number is 2591-EMT – 07/08 The Estate Planning Trust is subject to a 60 month look-back.
You will use the same life application that you use if you are writing the funeral trust with NGL. (Same Life Product) The Same Single Premium life product that you use with the NGL funeral trust. Same life application you use with funeral trust. The only difference is that you can write up to $50,000 in death benefit. Beneficiary would state…see attached NGL Estate Planning Trust. Same High Commissions Issue ages 0-99 Up to 16% Commissions No Underwriting NGL limits total death benefit for each spouse at $50,000. Example: if you already did a funeral trust for $10,000, then you would only be allowed to do a $40,000 death benefit on estate planning trust.
NOW YOU CAN WRITE FUNERAL TRUSTS AND “THE NEW FAMILY ESTATE PLANNING TRUST” GET EXCITED! MANY OF OUR AGENTS ARE MAKING AN EXTRA 7K TO 30K MONTHLY WITH THESE PRODUCTS! AGAIN, WE WOULD LIKE TO THANK YOU FOR ATTENDING OUR NATIONAL SALES CONFERENCE WE HAD ON OCT.29 TH ! WE ARE ALREADY PLANNING NEXT YEAR’S CONFERENCE CONFERENCE CENTER