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Posted: Thursday, January 01, 2004
Brochure Outlines the Unthinkable About Your Estate

It's up to you to determine who gets how much of your estate, but if you're like a lot of people, you just don't want to think about it.

To get you over this hurdle, the Financial Planning Association offers a free brochure, "Thinking the Unthinkable; What Everyone Needs to Know About Estate Planning."

After describing this on-going dilemma of avoidance as "the elephant in the living room" that no one wants to talk about, the material in the brochure explains in detail the four fundamental estate-planning tools: a will, durable power of attorney, living will, and medical durable power of attorney. It also describes the roles of trusts and insurance in this mix.

The 16-page pamphlet is available by sending a stamped self-addressed envelope to Financial Planning Association, Attn: National Financial Planning Support Center, Suite B-300, 5775 Glenridge Drive, NE, Atlanta, GA 30328-5364. Or you can send a request to SupportCenter@fpanet.org.

The brochure can be downloaded from http://www.fpanet.org/public/tools/estate_planning.cfm

Shop Around for Discount Drugs

Finding and buying drugs that fit into your budget has become one of the hot buttons pressed regularly in election campaigns around the country. To help locate programs for which you're eligible and instructions on how to enroll, the National Council on the Aging has established a Web site at www.benefitscheckuprx.org.

It May Pay to Reject an Inheritance

You might want to turn down an inheritance if the accompanying taxes pose a threat to your financial stability. Or if the estate is hefty enough to handle its own fiscal problems, but you don't need the money and income-tax issues that may follow.

You can pass on the inheritance and let it pass on to secondary heirs, such as your children, with you never touching the money or being responsible for any of its taxes and debt.

Talk this over with a financial planner immediately, if you're faced with such a prospect, because there are time limits involved.

Courtesy of Mature Life Features

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