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 Preshow #1 EstateReturn to index of stories... |
Estate Planning.its not just for the wealthy. What you need to KNOW to make sure your family & financial goals are met when you're gone. That's NOW on NH Outlook. |
| Hello/Intro Estate Return to index of stories... |
Hello. I'm Beth Carroll. Welcome to NH Outlook. No matter what your net worth. you need an Estate Plan. Without one, everything you own: your home, your furniture, and your savings could be up for grabs. If you have children -- the courts could decide who takes custody. In this "Outlook on Money" program -- We look at Estate Planning and what you need to do "Now" -- to make sure your wishes are followed "later." Should you own a business -- which many in NH do -- an estate plan can save you Tax dollars and Control your property. And as we hear in this report -- an estate plan can also provide a detailed roadmap when the "unexpected" happens. |
| Tag Estate Planning Return to index of stories... |
Should you die without a will - the "state" determines who your beneficiares are. In NH -- half goes to your spouse, half to your children. The number one mistake in estate planning. is "Not" doing it. Howard Hughes is a classic example. He died without a will and his estate was in probate court for over 15 years. |
| Intro Conversation Return to index of stories... |
Is your financial and legal house in order in the event of your death? Here to help with the basics: Kevin Flatley, the director of Estate Planning for Citizens Investment Management Services. The Citizens Bank Foundation has provided support for the "Outlook on Money" series. Also with us: Fred Forman, an estate attorney with Forman, Corcoran, Grodt & Gerrin. Welcome to you both. |
| Web Pointer Return to index of stories... |
To learn more about Estate Planning and to explore the rest of our Outlook on Money Series, visit our website at nhptv.org/outlook. You can also find streaming video of ALL of our broadcasts. |
| Goodnight Return to index of stories... |
That concludes this edition of NH Outlook. Thanks for watching. I'm Beth Carroll. I'll see you next time. |
| CONV tag Return to index of stories... |
If you have a legal question on estate planning the NH Bar Association offers a free Lawline on the 2nd Wednesday of every month for 6-to-8 pm. The number to call: 800-868-1212. |
| key: Crime / Legal Issues / Law Enforcement Return to index of stories... |
NEW HAMPSHIRE OUTLOOK Air Date/Time: 4/25/06 HOST: Beth Carroll Length: 12:20 minutes Estate Planning, its not just for the wealthy. What you need to know to make sure your family & financial goals are met when you're gone. That's now on NH Outlook. Hello. I'm Beth Carroll. Welcome to NH Outlook. No matter what your net worth you need an Estate Plan. Without one, everything you own: your home, your furniture, and your savings could be up for grabs. If you have children the courts could decide who takes custody. In this "Outlook on Money" program we look at Estate Planning and what you need to do now to make sure your wishes are followed later. Should you own a business, which many in NH do, an estate plan can save you Tax dollars and Control your property. And as we hear in this report an estate plan can also provide a detailed roadmap when the unexpected happens. PRODUCER/REPORTER: Beth Carroll NAME OF PARTICIPANTS: Tad Parker \Odyssey Press, David Mulhern \Estate Attorney, Sally Mulhern\Estate Attorney, Kendree Parker\Dover |
| key: Crime / Legal Issues / Law Enforcement Return to index of stories... |
NEW HAMPSHIRE OUTLOOK Air Date/Time: 4/25/06 HOST: Beth Carroll Length: 13:00 minutes Estate Planning, its not just for the wealthy. What you need to know to make sure your family & financial goals are met when you're gone. That's now on NH Outlook. Is your financial and legal house in order in the event of your death? Here to help with the basics: Kevin Flatley, the director of Estate Planning for Citizens Investment Management Services. The Citizens Bank Foundation has provided support for the "Outlook on Money" series. Also with us: Fred Forman, an estate attorney with Forman, Corcoran, Grodt & Gerrin. Welcome to you both. PRODUCER/REPORTER: Beth Carroll NAME OF PARTICIPANTS: Kevin Flatley\Estate Planning Director\Citizens Investment Management Services, Fred Forman \Estate Attorney\Forman, Corcoran, Grodt & Gerrin, P.A. |
| key: UNH Return to index of stories... |
No UNH stories |
| Tonight 7:30 Return to index of stories... |
Tonight on New Hampshire Outlook: Join us tonight at 7:30 only on New Hampshire Public Television. |
| WEB PROMO Return to index of stories... |
Tonight on New Hampshire Outlook. . Tonight at 10pm on New Hampshire Public Television. |
| Fed Estate Tax Retirement Acct Return to index of stories... |
There are pitfalls like Federal EstateTax. Here's what Attorney Sally Mulhern has to say: SALLY MULHERN: We're in NH live free or die. I say live free die cheap. And each of our borders is MA and ME and each of those states has imposed state death tax. And, so, if clients own real estate in either one of those states or any other state in the US that has a state death tax you can trigger tax actually on the first death which surprises a lot of clients. It's a long list of potential issues. So, how do you MINIMIZE your Exposure to FEDERAL & State Estate taxes? ** so, How do you pass along your wealth without the GOVT taking it first. |
| Nursing Homes Return to index of stories... |
What about Nursing Home Insurance -- should that be included in your estate plan. Sally Mulhern says Absolutely. Particularly in NH its becoming increasingly difficult to qualify for Medicaid and a lot of clients confuse Medicare and Medicaid, Medicaid is the welfare program that pays for nursing home costs. Historically and currently there was a three year look back so if you went to apply for Medicaid one of the questions asked is have you given any assets away in the prior three years because what the state doesn't want to see happen is people give there assets away and throw themselves on the doorstep of the state saying now im impoverished you have to pay for my nursing home care. Mulvern says the truly indigent automatically qualify for Medicare. the truly wealthy that can afford to self- pay. The rest of us need coverage so as to avoid losing our entire nest-eggs. Q State looking for a 5-year lookback period. Want to make it more difficult to qualify for Medicaid. You may not have an estate to plan -- if your money has been eroded paying for nursing health care. |
| website Return to index of stories... |
For information on our program, and links to our guests and interviews, visit our web site at nhptv.org. You can see and hear streaming video of our broadcasts. We want to know what's on your mind. Join our discussion forum and tell us what you're thinking. If you have a story idea or comment on our program, click the feedback button. Or, call us at 800-639-2721. |