Estate Planning

DO YOU HAVE AN UP-TO-DATE

ESTATE PLAN?

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.

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

ACCOUNTANT DiBartolomeo McBee Hartley & Barnes........................ Front Inside Cover

CPA Justice & Stamas CPAs LLC.......................................................................7

DOORS Florida Window and Door..................................................... Front Cover, 5

FINANCIAL ADVISOR Sharon Covey - Edward Jones..................................................................7

INTERNATIONAL REAL ESTATE Frances Smyrk - ONE Sotheby’s Realty...................................................1

LAW FIRM Groelle & Salmon, Attorneys at Law.......................................................3 Rossknecht Legal Services LLC..............................................................17

NON PROFIT ORGANIZATION American Red Cross ...................................................................Back Cover

PERSONAL INJURY The Lewis Law Group PA........................................................................11

REAL ESTATE Lewis Shows - The Keyes Company......................................................17 Stacy Wise - Coldwell Banker Realty......................................................... 7

REAL ESTATE TITLES Sailfish Title LLC.......................................................................................12

STONE SUPPLIER Antiquo Stone..........................................................................................19

WINDOWS Florida Window and Door..................................................... Front Cover, 5

YACHT SALES Luke Brown Yachts ...................................................................................9