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Threshold Planning Solutions  Wills with Guardianship Provisions  Testamentary Trusts  Life Insurance  529 College Savings Plans  Health Care Powers.

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Presentation on theme: "Threshold Planning Solutions  Wills with Guardianship Provisions  Testamentary Trusts  Life Insurance  529 College Savings Plans  Health Care Powers."— Presentation transcript:

1 Threshold Planning Solutions  Wills with Guardianship Provisions  Testamentary Trusts  Life Insurance  529 College Savings Plans  Health Care Powers of Attorney

2 Choosing a Guardian  Age consistent with yours  Share your moral values  Willing to take on this responsibility  MAKE SURE YOU TELL THEM  Provide financial resources

3 Wills with Testamentary Trust Provisions  More than “Hugs & Kisses”  Appoint Your Guardians  Fund with life insurance  Trust determines how and when your funds are distributed  Consider separate trustees?

4 529 College Plans  Tax consequences similar to Roth IRA’s No upfront deduction Tax free earnings No tax upon withdrawal!  No age or income limits  Anyone can contribute

5 529 College Plans, Cont’d  Can contribute up to $330,690  Can transfer to other children  RI CollegeBound funds  

6 Life Insurance & Health Care POA’s  Life insurance sufficient to pay debts  Life insurance to fund trust for minors  Health care power of attorney


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