Are you confident your children or the people you have entrusted to manage your affairs when the time comes possess the necessary knowledge to handle the task? Between trying to minimize taxes, filing tax forms and keeping track of other important documents, Scott McGovern, CPA, said estate planning can sometimes be a daunting task, but it doesn't have to be.
"While preparation is important, it is also imperative that the people handling one's affairs have the information they need to carry out the individual's wishes," McGovern explained. "This knowledge will ensure that assets are rightfully allocated to heirs instead of the state."
Accordingly, MKG, along with The Athena Financial Group, are co-sponsoring "Train Your Trustees: Estate Planning for Families." The workshop will take place on Tuesday, Oct. 27, at 7 p.m. at the Rochester Community House, 816 Ludlow, Rochester Municipal Park. Light refreshments will be provided.
Diane Young, president of The Athena Financial Group, said the session will cover how to administer a trust, avoid common mistakes, and facilitate important discussions with the people handling one's affairs.
"The workshop is geared toward parents and the adult children who will be handling their affairs as they age or when they pass on," Young said. "Many people are surprised by how much work goes into managing an estate, even a small one."
In addition to McGovern and Young, Sam Gumma, Vice-President, American Funds, will present at the workshop. Topics that will be covered in the workshop include:
There is no charge to attend, but reservations are required. For more information or to RSVP, contact Stephanie at 248.453.5252 or Kathy Groves at 248.601.9500.
When: Tuesday, Oct. 27, 2015; 7 p.m.
Where: Rochester Community House
816 Ludlow, Rochester Municipal Park
Cost: Free, but reservations required
RSVP: Stephanie 248.453.5252 or Kathy 248.601.9500
About The Athena Group
The Athena Financial Group, a financial services firm based in southeast Michigan, addresses individuals' needs for financial education and personalized service in planning and implementing personal or family investment strategies. The firm makes available financial products from many sources and strives to offer unbiased counsel. To learn more, visit http://theathenagrouponline.com.
About American Funds from Capital Group
Capital Group serves individual investors, financial intermediaries and institutions around the world through a broad range of products and services that include American Funds, one of the largest mutual fund families in the U.S. by assets under management. Based in Los Angeles, American Funds is offered through financial advisors. Find out more: https://www.americanfunds.com/advisor.