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Discover how a Will and Trust are alike and how they differ.

This Estate Planning Class will cover basics of how each of the most common and needed elements of an estate plan work together.  We’ll cover how a Will and a Trust Work.   There will also be a discussion about Powers of Attorney and Advanced Directives.  The presentation lasts about one hour.  With plenty of time for questions and answers. You will also learn what happens if you fail to plan.  No everybody needs a Trust but everyone needs to plan.

Did you know…

  • A Will does not avoid probate.
  • Your power of attorney may be defective.
  • Certain healthcare directives could keep you alive indefinitely.
  • The State has made decisions about your life and property that apply if you don’t plan.

Most people know that a Trust avoids probate, but you may be surprised to learn that a Trust…

  • Does not require separate tax return or tax id number.
  • Works without court or judicial interference.
  • Can protect your assets from your children’s predators and creditors.
  • Is not right for everybody.

About the Venue:  The Edmond Parks Department operates out of the MAC Center which is attached to the Senior Center and located just south of the Mitch Park YMCA.  Most classes meet in the a cozy conference room.  The setting is conducive to questions and answers.

 

 


Want more information?

Why consider an Aircraft Trust?

An aircraft needs special consideration in the Estate Plan. Federal regulations control how an aircraft is registered.  An aircraft trust must meet the FAA citizenship requirements before registration is permitted. If FAA process is not followed, the aircraft will not be in the trust and probate may be required. Your aircraft trust should work with the other parts of your Estate Plan.

This is an Online Event

You will also receive:

An Aircraft Trust can do one or more of the following:

  • Flying Legacy: Require your beneficiary to obtain a pilot’s license before they are given an interest in the airplane.
  • Gift: Transfer the aircraft to the people or organizations you choose.
  • Operation: The trustee manages the aircraft for use by your beneficiaries.
  • Liquidation: The aircraft is sold and funds distributed.
  • Provide money for maintenance, insurance and pilot school.

You will learn;

  • How to set up a FAA compliant Trust
  • The FAA Registration process
  • The cost of doing so
  • The Tax Free Exchange

Already have a Trust?

You may be surprised to learn that the FAA doesn’t recognize that your aircraft is trust owned.  Find out how to check to see if it is.

Need to create an Estate Plan?

The presentation will provide you with that information as well.  Wills, Trusts, Powers of Attorney and Advanced Healthcare Directives.  Without planning your estate is likely headed for probate.  This can be avoided by planning with Trusts and Powers of Attorney.  Otherwise, your family is likely facing court control and interference when you die or if you become disabled.

Why consider an Aircraft Trust?

An aircraft needs special consideration in the Estate Plan. Federal regulations control how an aircraft is registered.  An aircraft trust must meet the FAA citizenship requirements before registration is permitted. If FAA process is not followed, the aircraft will not be in the trust and probate may be required. Your aircraft trust should work with the other parts of your Estate Plan.

This is an Online Event

You will also receive:

An Aircraft Trust can do one or more of the following:

  • Flying Legacy: Require your beneficiary to obtain a pilot’s license before they are given an interest in the airplane.
  • Gift: Transfer the aircraft to the people or organizations you choose.
  • Operation: The trustee manages the aircraft for use by your beneficiaries.
  • Liquidation: The aircraft is sold and funds distributed.
  • Provide money for maintenance, insurance and pilot school.

You will learn;

  • How to set up a FAA compliant Trust
  • The FAA Registration process
  • The cost of doing so
  • The Tax Free Exchange

Already have a Trust?

You may be surprised to learn that the FAA doesn’t recognize that your aircraft is trust owned.  Find out how to check to see if it is.

Need to create an Estate Plan?

The presentation will provide you with that information as well.  Wills, Trusts, Powers of Attorney and Advanced Healthcare Directives.  Without planning your estate is likely headed for probate.  This can be avoided by planning with Trusts and Powers of Attorney.  Otherwise, your family is likely facing court control and interference when you die or if you become disabled.

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