The Estate Planning Trust

1. The Estate Planning Trust Lorraine M. Sanborn Sanborn Financial Group 186 Virgo Drive Groton, CT 06340 Phone: 860-448-2243 Fax: 203-413-6353 lorraine@sanbornconsultants.com www.sanbornconsultants.com

2. Determine if the Estate Planning Trust is Right for You Do you have nursing home or long term care insurance? Are you setting funds aside specifically for your children, grandchildren or charities? Are you aware monies you set aside for loved ones could be wiped out? Here’s why…..

3. Proper Planning Now Can Avoid Heartbreak Later Unfortunate and untimely situations may require that you enter a nursing home Without insurance, your funds will likely pay for nursing home expenses Funds you wanted to pass down to your children and grandchildren will be spent on nursing home payments

4. Irrevocable Estate Planning Trust – Cannot be canceled or altered Assets placed in Trust avoid probate Designed to pass money to children, grandchildren or charities Consider monies sitting in bank CD’s, savings, checking accounts or savings bonds Cost effective – NO legal fees! Insurance Company prepares Trust documents

5. Mildred’s Story 71 year old healthy woman Mildred sold home for $100,000 and moved into senior apartment Did not have long term care – concerned nursing home fees would wipe out inheritances Wanted to leave total of $50,000 to children/grandchildren Advised by her Financial Professional to set up EPT for $50,000

6. Mildred never set up a Trust 6 years later, at 77, Mildred had a stroke and entered nursing home Nursing home fees were $7,000 a month Within two years, Mildred’s medical expenses consumed all of her assets – including those she intended to pass on to her family Applied for Medicaid - only $1,960 left in her account

7. Establish Peace of Mind Now If Mildred would have set up a safe, reliable Estate Planning Trust with a Professional Agent, she still could have received nursing home care as well as pass on the $50,000 inheritance to her family

8. The Estate Planning Trust May be Your Best Solution Estate Planning Trust allows you to protect monies from nursing home Medicaid exempt – 60 month look-back rule applies Protect $1,000-50,000 of assets Monies you planned to pass on to loved ones will be protected

9. DISCLAIMER MEDICAID RULES VARY FROM STATE TO STATE. ELIGIBILITY RULES PERTAINING TO THE ESTATE PLANNING TRUST AND FINAL EXPENSE PLANS CAN VARY. MEDICAID RULES CAN CHANGE WITHOUT NOTICE. This presentation is for illustrative purposes only and is not intended to convey specific rules on Medicaid or any other Government Program. Prior to presenting this presentation to a client, it is recommended that the agent knows the rules pertaining the estate planning trust by consulting an elder law attorney in their state. Specific rules vary from state to state. It is also recommended that the client consult an elder law attorney.

10. Lorraine M. SanbornSanborn Financial Group 186 Virgo Drive Groton, CT 06340 (Phone) 860-448-2243 (Fax) 203-413-6353 lorraine@sanbornconsultants.com www.sanbornconsultants.com The Estate Planning Trust Thank You For Attending My Estate Planning Trust Presentation If you would like, we can schedule an appointment now for you to learn more about protecting your financial assets