12 minute read
Estate Planning
DO YOU HAVE AN UP-TO-DATE
ESTATE PLAN?
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The first thing to understand is that writing a will and having an estate plan are actually two different processes, even though an estate plan will include a will.
Wills
Creating a will can be a fairly simple process. It will address who will take care of your children, who will take over your business, and who receives your assets and other personal property. A will requires the naming of an executor responsible for fulfilling the deceased’s wishes. Having one’s wishes defined in a will ensures privacy, helps avoid family disputes and saves money by avoiding probate and the expense of attorneys and public trustees to determine the distribution of assets which then becomes public information.
EstatE Planning
Estate planning is the process of designating who will manage and distribute assets after death or incapacitation. It is a more intensive process and includes a variety of documents including the last will and testament. While it may be overwhelming to contemplate, a well-designed estate plan will ensure that assets are distributed according to one’s wishes. In addition to the last
will and testament, an estate plan might include a living will, a financial power of attorney, a living trust, and beneficiary designations. An estate plan can be particularly helpful in the case of multiple marriages, business ownership, specific charitable donations, or specific requests for health or property. It can also ensure wishes are carried out and that assets are distributed as designated.
living Will
A living will is a document that describes the type of care one would want if incapacitated and cannot speak for themself. This can assist the family with difficult decisions and avoid confusion. A financial power of attorney allows for a designated appointee to handle financial affairs in the event of incapacitation. They can make financial decisions in accordance with the instructions defined in the estate plan.
living trust
A living trust is a document created during one’s life where a designated person, the trustee, is given responsibility for managing that individual’s assets for the benefit of the eventual beneficiary. It is designed to allow for the easy transfer of assets, thereby avoiding probate. A living revocable trust allows someone to be their own trustee and allows for changes in beneficiary at any time. An irrevocable living trust is restrictive, and beneficiaries may not be changed but there are certain beneficial tax consequences.
Beneficiary designations explain who receives which assets such as an IRA, insurance policy, savings account, or other financial instruments.
A well-executed estate plan can minimize gift, estate and generation skipping transfer taxes to ensure that the family receives as much of the deceased’s estate as possible. Everyone’s plan is different and requires the right team of professionals to implement. It is also important to update the plan regularly as personal circumstances, legislation, and tax laws change frequently.
This article is for informational purposes only. Please consult a professional.
DATES
2021-2022 PGA TOURNAMENT
SCHEDULE
TOURNAMENT AUG 19 - 22, 2021 THE NORTHERN TRUST Liberty National Golf Club, Jersey City, NJ AUG 26 - 29, 2021 BMW Championship Caves Valley Golf Club, Owings Mills, MD SEP 2 - 5, 2021 TOUR Championship East Lake Golf Club, Atlanta, GA
SEP 16 - 19, 2021 Fortinet Championship Silverado Resort and Spa North, Napa, CA SEP 24 - 26, 2021 Ryder Cup Whistling Straits, Sheboygan, WI SEP 30 - OCT 3, 2021 Sanderson Farms Championship Country Club of Jackson, Jackson, MS OCT 7 - 10, 2021 Shriners Children's Open TPC Summerlin, Las Vegas, NV OCT 14 - 17, 2021 THE CJ CUP @ SUMMIT The Summit Club, Las Vegas, NV OCT 21 - 24, 2021 ZOZO CHAMPIONSHIP Accordia Golf Narashino CC, Chiba, JPN
OCT 28 - 31, 2021 Bermuda Championship Port Royal Golf Course, Southampton, BER OCT 28 - 31, 2021 World Golf Championships-HSBC Champions Sheshan International GC, Shanghai, CHN NOV 4 - 7, 2021 World Wide Technology Championship at Mayakoba El Camaleon Golf Club, Riviera Maya, MEX NOV 11 - 14, 2021 Houston Open Memorial Park Golf Course, Houston, TX
NOV 18 - 21, 2021 The RSM Classic Sea Island Resort (Seaside), Sea Island, GA JAN 6 - 9, 2022 Sentry Tournament of Champions Plantation Course at Kapalua, Kapalua, Maui, HI JAN 13 - 16, 2022 Sony Open in Hawaii Waialae Country Club, Honolulu, HI JAN 20 - 23, 2022 The American Express PGA WEST (Stadium), La Quinta, CA
JAN 27 - 30, 2022 Farmers Insurance Open Torrey Pines (South), San Diego, CA FEB 3 - 6, 2022 AT&T Pebble Beach Pro-Am Pebble Beach Golf Links, Pebble Beach, CA
FEB 10 - 13, 2022 Waste Management Phoenix Open TPC Scottsdale, Scottsdale, AZ
FEB 17 - 20, 2022 The Genesis Invitational The Riviera Country Club, Pacifi c Palisades, CA FEB 24 - 27, 2022 The Honda Classic PGA National (Champion), Palm Beach Gardens, FL MAR 3 - 6, 2022 Puerto Rico Open Grand Reserve Country Club, Rio Grande, PUR MAR 3 - 6, 2022 Arnold Palmer Invitational presented by Mastercard Bay Hill Club & Lodge, Orlando, FL MAR 10 - 13, 2022 THE PLAYERS Championship TPC Sawgrass, Ponte Vedra Beach, FL MAR 17 - 20, 2022 Valspar Championship Innisbrook Resort (Copperhead), Palm Harbor, FL * Schedule subject to change
DEFENDING CHAMPION
Dustin Johnson
$1,710,000
Jon Rahm $1,710,000
Dustin Johnson
Stewart Cink
$1,188,000
Sergio Garcia
$1,188,000
Martin Laird $1,260,000
Jason Kokrak
$1,755,000
Patrick Cantlay
$1,440,000
Brian Gay $720,000
Rory McIlroy
$1,745,000
Viktor Hovland
$1,296,000
Carlos Ortiz $1,260,000
Robert Streb
$1,188,000
Harris English
$1,340,000
Kevin Na $1,188,000
Si Woo Kim $1,206,000
Patrick Reed
$1,350,000
Daniel Berger
$1,404,000
Brooks Koepka
$1,314,000
Max Homa $1,674,000
Matt Jones $1,260,000
Branden Grace
$540,000
Bryson DeChambeau
$1,674,000
Justin Thomas
$2,700,000
Sam Burns $1,242,000
DATES
2022 PGA TOURNAMENT
SCHEDULE
TOURNAMENT
MAR 23 - 27, 2022 World Golf Championships-Dell Technologies Match Play Austin Country Club, Austin, TX MAR 24 - 27, 2022 Corales Puntacana Resort & Club Championship Corales Golf Course, Punta Cana, DOM
MAR 31 - APR 3, 2022 Valero Texas Open TPC San Antonio (Oaks Course), San Antonio, TX
APR 7 - 10, 2022 Masters Tournament Augusta National Golf Club, Augusta, GA APR 14 - 17, 2022 RBC Heritage Harbour Town Golf Links, Hilton Head, SC
APR 21 - 24, 2022 Zurich Classic of New Orleans TPC Louisiana, Avondale, LA
APR 28 - MAY 1, 2022 Mexico Championship MAY 5 - 8, 2022 Wells Fargo Championship TPC Potomac at Avenel Farm, Potomac, MD
MAY 12 - 15, 2022 AT&T Byron Nelson TPC Craig Ranch, McKinney, TX MAY 19 - 22, 2022 PGA Championship Southern Hills CC, Tulsa, OK
MAY 26 - 29, 2022 Charles Schwab Challenge Colonial Country Club, Fort Worth, TX JUN 2 - 5, 2022 the Memorial Tournament presented by Workday Muirfi eld Village Golf Club, Dublin, OH JUN 9 - 12, 2022 RBC Canadian Open St. George's G&CC, Toronto, ON, CAN JUN 16 - 19, 2022 U.S. Open The Country Club, , JUN 23 - 26, 2022 Travelers Championship TPC River Highlands, Cromwell, CT JUN 30 - JUL 3, 2022 John Deere Classic TPC Deere Run, Silvis, IL
JUL 7 - 10, 2022 Barbasol Championship Keene Trace Golf Club, Nicholasville, KY
JUL 7 - 10, 2022 Genesis Scottish Open JUL 14 - 17, 2022 Barracuda Championship Tahoe Mt. Club (Old Greenwood), Truckee, CA JUL 14 - 17, 2022 The Open Championship St. Andrews Links (Old Course), Fife, SCO
JUL 21 - 24, 2022 3M Open TPC Twin Cities, Blaine, MN
JUL 28 - 31, 2022 Rocket Mortgage Classic Detroit Golf Club, Detroit, MI
AUG 4 - 7, 2022 Wyndham Championship Sedgefi eld Country Club, Greensboro, NC AUG 11 - 14, 2022 FedEx St. Jude Championship TPC Southwind, Memphis, TN AUG 18 - 21, 2022 BMW Championship Wilmington Country Club, Wilmington, DE AUG 25 - 28, 2022 TOUR Championship East Lake Golf Club, Atlanta, GA * Schedule subject to change
DEFENDING CHAMPION
Billy Horschel
$1,820,000
Joel Dahmen
$540,000
Jordan Spieth
$1,386,000
Hideki Matsuyama
$2,070,000
Stewart Cink
$1,278,000
M. Leishman / C. Smith
$1,069,300
Rory McIlroy
$1,458,000
K.H. Lee $1,458,000
Phil Mickelson
$2,160,000
Jason Kokrak
$1,350,000
Patrick Cantlay
$1,674,000
Rory McIlroy
$1,368,000
Jon Rahm $2,250,000
Harris English
$1,332,000
Lucas Glover
$1,116,000
Seamus Power
$630,000
Erik van Rooyen
$630,000
Collin Morikawa
$2,070,000
Cameron Champ
$1,188,000
Cam Davis $1,350,000
Kevin Kisner
$1,152,000
Dustin Johnson
$1,710,000
Jon Rahm $1,710,000
Dustin Johnson
2022 GRAND SLAM TOURNAMENT
SCHEDULE * Schedule subject to change ** Start Times Listed in EST
SESSION DATE SCHEDULE PLAY START MATCHES 1 Sun 29 Aug Day 11.00am Men’s / Women’s 1st Round
2 Sun 29 Aug Night 7.00pm Men’s / Women’s 1st Round
3 Mon 30 Aug Day 11.00am Men’s / Women’s 1st Round
4 Mon 30 Aug Night 7.00pm Men’s / Women’s 1st Round
5 Tue 31 Aug Day 11.00am Men’s / Women’s 2nd Round
6 Tue 31 Aug Night 7.00pm Men’s / Women’s 2nd Round
7 Wed 1 Sep Day 11.00am Men’s / Women’s 2nd Round
8 Wed 1 Sep Night 7.00pm Men’s / Women’s 2nd Round
9 Thu 2 Sep Day 11.00am Men’s / Women’s 3rd Round
10 Thu 2 Sep Night 7.00pm Men’s / Women’s 3rd Round
11 Fri 3 Sep Day 11.00am Men’s / Women’s 3rd Round
12 Fri 3 Sep Night 7.00pm Men’s / Women’s 3rd Round
13 Sat 4 Sep Day 11.00am Men’s / Women’s Round of 16
14 Sat 4 Sep Night 7.00pm Men’s / Women’s Round of 16
15 Sun 5 Sep Day 11.00am Men’s / Women’s Round of 16
16 Sun 5 Sep Night 7.00pm Men’s / Women’s Round of 16
17 Mon 6 Sep Day 12.00pm Men’s / Women’s Quarterfi nals
18 Mon 6 Sep Night 7.00pm Men’s / Women’s Quarterfi nals
19 Tue 7 Sep Day 12.00pm Men’s / Women’s Quarterfi nals
20 Tue 7 Sep Night 7.00pm Men’s / Women’s Quarterfi nals
21 Wed 8 Sep Day 12.00pm Women’s Semifi nals Men’s / Women’s Doubles Semifi nals
22 Thu 9 Sep Day 12.00pm Men’s / Mixed Doubles Finals Men’s Semifi nal 1
23 Thu 9 Sep Night 7.00pm Men’s Semifi nal 2
24 Fri 10 Sep Day 12:00 PM Mixed / Men’s Doubles Finals Women’s Final
2022 GRAND SLAM TOURNAMENT SCHEDULE * Schedule subject to change
DATE PLAY START SESSION
MAY 22 - SUN Day - 11:00 AM 1st Round MAY 23 - MON Day - 11:00 AM 1st Round MAY 23 - MON Evening - 9:00 PM 1st Round MAY 24 - TUE Day - 11:00 AM 1st Round MAY 24 - TUE Evening - 9:00 PM 1st Round MAY 25 - WED Day - 11:00 AM 2nd Round MAY 25 - WED Evening - 9:00 PM 2nd Round MAY 26 - THU Day - 11:00 AM 2nd Round MAY 26 - THU Evening - 9:00 PM 2nd Round MAY 27 - FRI Day - 11:00 AM 3rd Round MAY 27 - FRI Evening - 9:00 PM 3rd Round MAY 28 - SAT Day - 11:00 AM 3rd Round MAY 28 - SAT Evening - 9:00 PM 3rd Round MAY 29 - SUN Day - 11:00 AM 4th Round MAY 29 - SUN Evening - 9:00 PM 4th Round MAY 30 - MON Day - 11:00 AM 4th Round MAY 30 - MON Evening - 9:00 PM 4th Round MAY 31 - TUE Day - 12:00 PM Quarterfi nals MAY 31 - TUE Evening - 5:00 PM Quarterfi nals JUN 01 - WED Day - 12:00 PM Quarterfi nals JUN 01 - WED Evening - 9:00 PM Quarterfi nals JUN 02 - THU Day - 2:00 PM Semifi nals JUN 03 - FRI Day - 3:00 PM Semifi nals JUN 04 - SAT Day - 3:00 PM Women's Singles Final, Men's Doubles Final JUN 05 - SUN Day - 3:00 PM Men's Singles Final
2022 GRAND SLAM TOURNAMENT SCHEDULE * Schedule subject to change
Session Date Time Featured Matches
1 Mon, January 17, 2022 11:00 AM Men's and Women's 1st Round 2 Mon, January 17, 2022 7:00 PM Men's and Women's 1st Round 3 Tue, January 18, 2022 11:00 AM Men's and Women's 1st Round 4 Tue, January 18, 2022 7:00 PM Men's and Women's 1st Round 5 Wed, January 19, 2022 11:00 AM Men's and Women's 2nd Round 6 Wed, January 19, 2022 7:00 PM Men's and Women's 2nd Round 7 Thu, January 20, 2022 11:00 AM Men's and Women's 2nd Round 8 Thu, January 20, 2022 7:00 PM Men's and Women's 2nd Round 9 Fri, January 21, 2022 11:00 AM Men's and Women's 3rd Round 10 Fri, January 21, 2022 7:00 PM Men's and Women's 3rd Round 11 Sat, January 22, 2022 11:00 AM Men's and Women's 3rd Round 12 Sat, January 22, 2022 7:00 PM Men's and Women's 3rd Round 13 Sun, January 23, 2022 11:00 AM Men's and Women's 4th Round 14 Sun, January 23, 2022 7:00 PM Men's and Women's 4th Round 15 Mon, January 24, 2022 11:00 AM Men's and Women's 4th Round 16 Mon, January 24, 2022 7:00 PM Men's and Women's 4th Round 17 Tue, January 25, 2022 11:00 AM Men's and Women's Quarterfi nals 18 Tue, January 25, 2022 7:00 PM Men's and Women's Quarterfi nals 19 Wed, January 26, 2022 11:00 AM Men's and Women's Quarterfi nals 20 Wed, January 26, 2022 7:30 PM Men's and Women's Quarterfi nals 21 Thu, January 27, 2022 11:00 AM Women's Semifi nals 22 Thu, January 27, 2022 7:30 PM Men's Semifi nal
23 Fri, January 28, 2022 3:00 PM
Mixed Doubles Semi / Women's Doubles Final / Men's Singles SemiFinal 24 Sat, January 29, 2022 4:00 PM Men's Doubles Final / Women's Singles Final 25 Sun, January 30, 2022 4:00 PM Mixed Doubles Final / Men's Singles Final
2022 GRAND SLAM TOURNAMENT SCHEDULE * Schedule subject to change
DATE PLAY START SESSION
Mon, Jun 27 11:00 AM Men's & Ladies' 1st Round Tues, Jun 28 11:00 AM Men's & Ladies' 1st Round Wed, Jun 29 11:00 AM Men's & Ladies' 2nd Round Thurs, Jun 30 11:00 AM Men's & Ladies' 2nd Round Fri, July 01 11:00 AM Men's & Ladies' 3rd Round Sat, July 02 11:00 AM Men's & Ladies' 3rd Round Sun, July 03 11:00 AM Men's & Ladies' 4th Round Mon, July 04 11:00 AM Men's & Ladies' 4th Round Tues, July 05 11:00 AM Ladies' Singles Quarterfi nals Wed, July 06 11:00 AM Men's Singles Quarterfi nals Thurs, July 07 1:00 PM Ladies' Singles Semifi nals Fri, July 08 1:00 PM Men's Singles Semifi nals
Sat, July 09 2:00 PM Ladies' Singles Final, Men's Doubles Final, Ladies' Doubles Final
Sun, July 10 2:00 PM Men's Singles Final, Mixed Doubles Final
