Estate Planning 101 Which plan do you need?

Time to clear up the confusion about Estate Planning ... The following definitions lack legal precision, but makes it easier to get a clear picture of what may be needed in your case.

■ Will – letter of intent of where you want your personal property to go – or not go.

■ Living Will – Documents your wishes during your final days including final healthcare choices and possibly your burial wishes.

■ Trust – This is a “company” that you start, and you become the CEO, “Trustee” and “Settlor.” The company outlives you, but continues to manage your assets as if you were alive by the successor CEO – whom you designate.

■ Power of Attorney – Financial and Healthcare – you need both – the first so someone can pay your bills, the second, sometimes called a Patient Advocate, designates someone to make “hallway at the hospital” decisions to take the stress off the family.

■ Ladybird Deed – probably the best thing that has happened to owning a home. I love these deeds – you grant yourself a life estate – in your own property - but retain the power to sell or borrow against the property. If you do not sell before you pass, this “springs” the house out of your estate, and your heirs have instant ownership, subject to any mortgage or taxes owed or similar.

Again, this is just a general description of the more popular terms – no one choice is a “silver bullet” but depending on how your estate gets planned out you can expedite a clean and clear process for the assets you worked a lifetime to save. Why wouldn’t you want to do that? Stop by or call and make an appointment and I’ll tell you what you’re going to need to do this right.

To my numerous former clients – thank you for allowing me to draft your estate plan!

GET GREAT NEW GLASSES, SAVE SOME MONEY!

Many people - most, perhaps - go to an optometrist, get an eye exam and then follow the lady in the white coat over to the wall of frames and pick out a new set of glasses.

The story ends with the customer paying way more than he or she ever expected.

If that pretty much describes you, Bob Schmittou says there is something you should know: He can save you money, maybe lots of money.

Schmittou, a proud military veteran, owns New Eyes Optical, located on 1616 Ford Avenue, right at 16th Street in Wyandotte.

There are no doctors at New Eyes, just lots of frames and Schmittou, who can get you into fashionable new glasses for a lot less than all of the other chains and franchises out there.

Just bring your eyeglass prescription to him and see what kind of magic he can work for you.

“I am kind of like what the pharmacy is to your doctor,” Schmittou said. “Your doctor writes you a prescription. He doesn’t try to sell you the drugs. You go to the pharmacy. The same is true with us. You bring us a prescription and we will fill it.”

New Eyes Optical does not accept insurance, but their low prices mean that is often not an issue.

Schmittou has been in the eyeglass game for a long time. He enlisted in the Army after graduating from Lincoln Park High School and Uncle Sam sent him to school to learn how to make eyeglasses.

He did that in the Army for nearly four years and then worked for Lenscrafters and for private doctors after that.

In 2012 he opened New Eyes Optical and has been there ever since.

Schmittou said he has over 1,300 frames in his building and can make arrangements to get others if customers come in with a specific brand or style in mind.

For sunglass lovers, Schmittou said he has the largest selection of Ray Ban and Oakley sunglasses in the area.

If you come in, you will deal with Schmittou himself. He and his wife Pam are the only employees. Schmittou does the fitting of the eyewear, and Pam orders frames and keeps the shop looking fresh by arranging the frame displays and decorating.

So, if you are in the market for new glasses, would like a little personal attention and a really low price, give Schmittou a call at 313-587-4204, drop an email at neweyesoptical2012@gmail. com or contact them through their Facebook page, Facebook.com/neweyesoptical.