Peggy Fisher, CFP®
Baby Boomers have changed everything going forward; they changed the schools when they entered the schools, they changed housing when they entered the housing market and they changed investing when they entered the 401(k) market.
May 26 Focus Group Meeting. I would like to facilitate a lively discussion surrounding the topic of determining a Trustee’s incapacity by the successor trustee. Topics address would include the following:
- A discussion as to the location of the authority (i.e. body of trust vs. separate document)
- Recommended age this decision should take place.
- What documents the successor trustee can demand to see, i.e. limited to medical records or broad to include “all documents”
- Whether or not the person is currently acting as successor trustee or has not yet undertaken to serve as successor trustee.
- Whether or not there should be an in-depth discussion with the successor trustee as to their successor trustee responsibilities prior to signing of the document.
I am asking that participants come prepared with their thoughts already developed.
For the attorneys of the group I am hoping they will share with the group the following points:
- Why they do or do not include the Release of Information Regarding Incapacity.
- Where it can be found.
For the Care Manager, Certified Financial Planners, Certified Public Accountants, Insurance Professionals, and related Professions of the group, I hope they will share the following:
Either a positive experience they had because the powers were listed in a document or an experience that went horribly wrong because these powers were missing.
Baby Boomers have changed everything as they have moved forward in life. Estate Planning I feel should be no exception. As members of the South Bay Estate Planning Council a non-profit association dedicated to enhancing the proficiency of advisors who are active in the field of estate planning, I see this as a real opportunity for us to come together and really make a difference.
Please join me and other like-minded individuals on the fourth Thursday in May (May 26, 2016) for a riveting discussion on Release of Information Regarding Incapacity.