It\'s not about the "documents", it\'s about results! This workshop describes what separates an estate plan that addresses personal and tax planning goals, versus the traditional estate "plan" that is little more than "word processing".

1. ESTATE PLANS THAT WORK  Presented by Richard J. Shapiro, J.D. Mindy Menke, J.D. Blustein, Shapiro, Rich & Barone, LLP 90 Crystal Run Rd., Suite 409 Middletown, New York 10941 (845) 692-0011

3. ESTATE PLANS THAT WORK  Actually, MOST estate plans ____ ____!!

4. ESTATE PLANS THAT WORK  ESTATE PLANS THAT WORK  Actually, MOST estate plans Don’t Work !!

5. ESTATE PLANS THAT WORK  It helps to get past the various “smoke screens”:  Wills vs. Trusts  Avoid Probate / Save Taxes  Etc…..

6. ESTATE PLANS THAT WORK  “ PTA”

9. “ PHILOSOPHY ” of an Estate Plan That Works The “New Paradigm” Planning Pyramid : 1 _________________ 2 _____________ 3 _________ 4 _______ 5 ____

10. “ PHILOSOPHY ” of an Estate Plan That Works The “New Paradigm” Planning Pyramid : 1 ME! And SPOUSE 2 MY FAMILY 3 Asset Pro 4 Grow $ 5 Taxes

26. “ TECHNICAL” basics of an ESTATE PLAN THAT WORKS A Key Distinction ____ __________ vs. __________

27. “ TECHNICAL” basics of an ESTATE PLAN THAT WORKS A Key Distinction WORD PROCESSING vs. COUNSELING

28. “ APPLICATION” of an ESTATE PLAN THAT WORKS Husband’s Wife’s Co-Trustees (Both Alive)

29. “ APPLICATION” of an ESTATE PLAN THAT WORKS

36. Medicaid Planning

40. The Look Back Period

43. IRT Trustmaker(s) Transfer $ + house? Subject to 5-year look back Trustees (often one or more children) Principal distributions to class of beneficiaries? INCOME NO PRINCIPAL C1 C2 Protective trust Protective trust Capital gains exemption preserved if house sold (Subject to limited power of appointment) Trustmakers may replace trustees (after 2 nd death) Powers of Appointment?

44. “ APPLICATION” of an ESTATE PLAN THAT WORKS C. THE THREE ______ & _____ OF EVERY ESTATE PLAN: 1. ________ 2. ________ 3. ________

45. “ APPLICATION” of an ESTATE PLAN THAT WORKS THE THREE PHASES & COSTS OF EVERY ESTATE PLAN: 1. UPFRONT 2. UPDATING 3. SETTLEMENT

54. The 3 Phases of an ESTATE PLAN THAT WORKS 1. Counseling and Design Phase 2. Updating Phase 3. Settlement Phase

63. ESTATE PLANS THAT WORK  Presented by Richard J. Shapiro, J.D. Mindy Menke, J.D. Blustein, Shapiro, Rich & Barone, LLP 90 Crystal Run Rd., Suite 409 Middletown, New York 10941 (845) 692-0011