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MKD-9040C-A-NS EXP 30 SEP 2021 © 2020 EDWARD D. JONES & CO., L.P. ALL RIGHTS RESERVED. Page 1 of 14
Why You Need an Estate Plan: Script Your Family’s Future
Our Focus: Personal Relationships
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2020
Why You Need an Estate PlanScript Your Family’s Future
edwardjones.com Member SIPC
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Why You Need an Estate Plan: Script Your Family’s Future
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Five Primary Financial Needs
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Preparing for Retirement
Living in Retirement
Paying for Education
Planning for the Unexpected
Planning Your Estate or Inheritance
4MKD-9040C-A-SL EXP 30 SEP 2021 © 2020 EDWARD D. JONES & CO, L.P. ALL RIGHTS RESERVED.
YOU
FinancialAdvisor
Attorney CPA
The Team Approach to Estate Planning
3MKD-9040C-A-SL EXP 30 SEP 2021 © 2020 EDWARD D. JONES & CO, L.P. ALL RIGHTS RESERVED.
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Why You Need an Estate Plan: Script Your Family’s Future
The Big RevealLIG
HTS
ACTIO
N 6MKD-9040B-A-SL EXP 30 SEP 2021 © 2019 EDWARD D. JONES & CO, L.P. ALL RIGHTS RESERVED.
HOW CAN I STAY ON TRACK?
WHEREAM ITODAY?
WHEREWOULD ILIKE TO BE?
CANI GETTHERE?
HOWDO I GETTHERE?
MYFINANCIAL
NEEDS
Key Steps to Financial Success
®
5MKD-9040C-A-SL EXP 30 SEP 2021 © 2020 EDWARD D. JONES & CO, L.P. ALL RIGHTS RESERVED.
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Why You Need an Estate Plan: Script Your Family’s Future
Script Your Estate Plan
8MKD-9040C-A-SL EXP 30 SEP 2021 © 2020 EDWARD D. JONES & CO, L.P. ALL RIGHTS RESERVED.
When it comes to your estate,even if you’ve taken no action at all,
everyone in this room has an estate plan.
Does the plan you have refl ect your wishes?
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Why You Need an Estate Plan: Script Your Family’s Future
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The PlayersClaire and TerriLate spouse: Terri
The Children: Cynthia and Tom
Act 1
9MKD-9040C-A-SL EXP 30 SEP 2021 © 2020 EDWARD D. JONES & CO, L.P. ALL RIGHTS RESERVED.
“We don’t have an ‘estate.’We don’t need an
estate plan.”
Act 1
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Why You Need an Estate Plan: Script Your Family’s Future
“It won’t happen to us.”Act 2
12MKD-9040C-A-SL EXP 30 SEP 2021 © 2020 EDWARD D. JONES & CO, L.P. ALL RIGHTS RESERVED.
The QuestionsCan Claire:
Help nonprofi tsof choice?
Pass some assetsto her son anddaughter?
The SceneHouse paid o�
Terri passes awayjust after shebegins retirement
11MKD-9040C-A-SL EXP 30 SEP 2021 © 2020 EDWARD D. JONES & CO, L.P. ALL RIGHTS RESERVED.
Act 1
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Why You Need an Estate Plan: Script Your Family’s Future
The PlayersThe parents: Robert and MartinTheir child: William (8)
The SceneMarried earlier this yearAuto accident
The QuestionsWho will:
Take care of Grace?
Cover lost income, pay the mortgage, meet medical costs?
Take care of investment decisions, including planning for Grace’s education?
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Act 2
MKD-9040B-A-SL EXP 30 SEP 2021 © 2019 EDWARD D. JONES & CO, L.P. ALL RIGHTS RESERVED.
The PlayersThe parents:Robert and MartinTheir child: Grace (6)
The SceneMarried earlier this yearAuto accident
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Act 2
MKD-9040B-A-SL EXP 30 SEP 2021 © 2019 EDWARD D. JONES & CO, L.P. ALL RIGHTS RESERVED.
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Why You Need an Estate Plan: Script Your Family’s Future
The PlayersThe couple: Vicky and Sharon
Their child: Jacob
The SceneMarried 5 years (Vicky’s second marriage)
The “near miss”
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Act 3
MKD-9040B-A-SL EXP 30 SEP 2021 © 2019 EDWARD D. JONES & CO, L.P. ALL RIGHTS RESERVED.
“We have a plan.So, we’re set for life.”
Act 3
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Why You Need an Estate Plan: Script Your Family’s Future
Control: The Hallmark of Estate Planning
Some common estate objectives
Asset transfer
Tax control
Incapacity protection
Charitable intent
Guardian for minors or dependents
18MKD-9040C-A-SL EXP 30 SEP 2021 © 2020 EDWARD D. JONES & CO, L.P. ALL RIGHTS RESERVED.
The QuestionsAre my a� airs in order?
Who are the benefi ciaries?
Who is the executor/trustee?
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Act 3
MKD-9040B-A-SL EXP 30 SEP 2021 © 2019 EDWARD D. JONES & CO, L.P. ALL RIGHTS RESERVED.
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Why You Need an Estate Plan: Script Your Family’s Future
Plan for the Expected• Understanding your current situation
• Outlining key priorities and objectives
• Discussing transparency
• Balancing potentially competing goals
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Positionfor both
Prepare for the
unexpectedPlan for the expected
Three Major Goals of Estate Planning
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Why You Need an Estate Plan: Script Your Family’s Future
Position for Both• Guidance on how to allocate your investments
• Potential investment and product solutions based on the priority of goals
• Balancing potential issues and trade-o� s of the investment and product solutions
22MKD-9040C-A-SL EXP 30 SEP 2021 © 2020 EDWARD D. JONES & CO, L.P. ALL RIGHTS RESERVED.
Prepare for the Unexpected
• Life events. Changes in your or a benefi ciary’s personal situation – such as a marriage, divorce, birth, death or prolonged illness, or a change in your income needs – can signifi cantly impact your plan.
• Government changes. Changes in tax law/regulatory matters for planning techniques can a� ect your plan.
• Incorrect implementation of the strategy. Improper regis-tration, inconsistencies among documents or other technical issues may potentially derail your plan if unaddressed.
21MKD-9040C-A-SL EXP 30 SEP 2021 © 2020 EDWARD D. JONES & CO, L.P. ALL RIGHTS RESERVED.
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Why You Need an Estate Plan: Script Your Family’s Future
The Importance of Review24MKD-9040C-A-SL EXP 30 SEP 2021 © 2020 EDWARD D. JONES & CO, L.P. ALL RIGHTS RESERVED.
YOU
FinancialAdvisor
Attorney CPA
The Team Approach to Estate Planning
23MKD-9040C-A-SL EXP 30 SEP 2021 © 2020 EDWARD D. JONES & CO, L.P. ALL RIGHTS RESERVED.
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Why You Need an Estate Plan: Script Your Family’s Future
&AnswersQuestions
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The Importance of ReviewDiscuss:
• Your current estate plan and associated legal documents
• Your benefi ciary designations on life insurance contracts or retirement plans
• Any major life changes (marriage, divorce, birth, death, prolonged illness or a change in your income). It’s also important to note any of these important life changes for benefi ciaries you have or will name.
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Why You Need an Estate Plan: Script Your Family’s Future
The contents of this report are for informational purposes only. While the information is believed to be accurate, it is not guaranteed and is subject to change without notice.
Edward Jones, its employees and fi nancial advisors are not estate planners and cannot provide tax or legal advice. You should consult your estate-planning attorney or qualifi ed tax advisor regarding your situation.
Trust and related services are provided by Edward Jones Trust Company, an a� liate of Edward D. Jones & Co., L.P. (Edward Jones), a registered broker-dealer. Edward Jones Trust Company and Edward Jones are subsidiaries of the Jones Financial Companies, L.L.L.P. Edward Jones Trust Company may use Edward Jones or other a� liates to act as a broker-dealer for transactions or for other services. Payments of such services generally will be charged as an expense to the trust and will not reduce the amount of fees payable to Edward Jones Trust Company.
Important Information
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Thank You
edwardjones.com Member SIPC
P L E AS E CO M P L E T E YO U R E VA LUAT I O N N OW
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