>> GOOD EVENING.

I'M SANDY THOMSON HOST OF LIFE AHEAD HERE ON A PBS FORT WAYNE AND IF YOU'RE ON THE YOUNGER SIDE, IF YOU WILL, PARENTS OF YOUNGER CHILDREN FOR YOUNG PARENTS.

WHICHEVER YOU WHAT YOU WANT TO LOOK AT IT, WE ENCOURAGE YOU TO WATCH AS WELL BECAUSE THERE'S A LOT OF INFORMATION THAT'S COMING FOR YOU HERE IN THE NEXT HALF HOUR THAT WILL DEAL SOME THINGS THAT YOU SHOULD BE CONSIDERING WE'RE GOING TO BE TALKING ABOUT A STATE PLANNING FOR PARENTS.

AND WITH ME TONIGHT TO GUESS THAT I WANT TO WELCOME TO LIFE AHEAD AT THE TOP OF THE SCREEN.

YOU KNOW HER WELL, SHE'S BEEN ON LIFE AHEAD MANY TIMES AND THAT'S JESSICA THORSON.

JESSICA, NICE TO HAVE YOU WITH US AGAIN TONIGHT.

>> GOOD TO SEE EVERYBODY.

THANK YOU NO PROBLEM.

AND AT THE BOTTOM OF THE JONELLE SPRINKLE IS WITH US AND WELCOME TO LIFE AHEAD.

JONELLE, THANK YOU.

THANKS FOR HAVING ME.

>> NOW.

I DO WANT TO POINT OUT TO THOSE OF YOU THAT ARE WATCHING TONIGHT THAT JESSICA AND JANELLE CAN HEAR YOU.

IF YOU WOULD LIKE TO CALL AND EVEN THOUGH WE'RE WEB CAM.

HERE WE GO.

THIS SIDE WEB VERSION FOR YOU HERE THIS EVENING.

THEY STILL THE ABILITY TO HEAR ALL THE AUDIO.

SO WE ENCOURAGE YOU TO CALL IN WITH ANY QUESTIONS YOU MIGHT HAVE AND WE'LL HAVE THAT NUMBER ON THE BOTTOM OF THE SCREEN HERE REGULARLY FOR YOU DURING THE NEXT HALF HOUR.

OKAY.

A STATE PLANNING.

BIG THING TO TALK ABOUT HERE TONIGHT WOULD YOU DEFINE A STATE PLANNING IT'S SUCH AN OVERALL JESSICA.

BUT HOW WOULD YOU DESCRIBE THE SOMEBODY THAT'S NOT CERTAIN WHAT IT REALLY MEANS.

>> SURE.

WHEN I THINK OF A STATE PLANNING.

I'M THINKING ABOUT THINGS THAT YOU NEED.

IN ORDER FOR SOMEBODY TO KIND OF HELP MAKE YOU MAKE DECISIONS IF YOU ARE INCAPACITATED.

AND THE WHAT YOU WOULD NEED AFTER YOU HAVE PASSED AWAY.

SO I'M LOOKING AT ALL THE TYPE OF DOCUMENT THAT YOU COULD NEED DURING YOUR LIFETIME AS LOOK AFTER YOUR LIFETIME, I WANT TO MAKE SURE THAT YOU HAVE EVERYTHING IN PLACE THAT YOU'RE ALWAYS IN CONTROL OF WHAT'S GOING WITH YOUR THEY FIGHT BACK.

>> RIGHT.

AND WE MEAN WHETHER YOU'RE A YOUNG MOTHER OF LIKE JESSICA OR OR NEAR YOUR GRANDPARENTS.

ALL THE AGES IN BETWEEN NEED TO HAVE THINGS LAID OUT.

DO.

NOW.

WHAT ARE SOME THINGS PEOPLE MIGHT WANT TO CONSIDER BEFORE THEY MAKE AN APPOINTMENT WITH AN ATTORNEY TO DO SOME ESTATE PLANNING.

>> SURE.

WELL, I THINK AND ALREADY KNOW THAT THEY WANT TO THINK ABOUT WHERE THEY WANT THEIR THERE ASSETS TO GO.

AND BUT BEYOND THAT, THERE ARE A LOT OF HOLES THAT NEED TO KILLED AND PEOPLE IN YOUR LIFE THAT YOU TRUST TO DO SECOND JOBS.

THAT'S PART OF YOUR ESTATE PLAN TOO.

SO I ABOUT YOU WANT TO PICK PEOPLE WHO CAN HELP YOU DURING YOUR LIFE WHEN YOU ARE INCAPACITATED OR ARE UNABLE TO MAKE CERTAIN THE CITY THUNDER.

SO YOU WANT TO THINK ABOUT WHO IS IN MY LIFE THAT I TRUST TO HELP ME WITH THOSE BANKS.

SO OF COURSE, WE'RE TALKING ABOUT A POWER OF ATTORNEY.

SO HOW DO I TRUST TO MAKE FINANCIAL.

WAS IT FOR ME.

WHO DO I TRUST TO MAKE HEALTH CARE DECISIONS FROM EAST.

THAT WOULD BE HERE.

YOUR HEALTH CARE POWER OF APPOINTMENT.

AND I WANT TO PASS AWAY WHO I TRUST TO BE IN CHARGE OF GETTING MY ASSETS TO THE PEOPLE I'VE NAMED AS BENEFICIARIES AND IF YOU ARE A PARENT WITH MINOR CHILDREN THAT ALSO WHO DO I WANT TO BE A GUARDIAN OF MY KIDS.

WHO DO I WANT TO BE IN CHARGE OF MANAGING MONEY FOR THEIR ASSETS.

SO WITH AN AND A STATE PLAN.

THERE ARE SEVERAL DIFFERENT ROLES.

AND SO YOU WANT TO HAVE THINK ABOUT WHO IS GOING TO PLAY THOSE ROLES IN YOUR LIFE AND IN YOUR STATE.

YEAH.

LET'S TALK ABOUT THOSE ROLES A LITTLE BIT AND YOU NAMED I THINK 5 DIFFERENT TYPES OF OF ROLES.

>> CAN THEY ALL BE THE SAME PERSON SHOULD THEY ALL BE DIFFERENT.

PEOPLE.

COULD YOU HAVE 2 PEOPLE THAT PLAY POWER OF ATTORNEY OR GUARDIAN.

HOW IS THAT GOING TO WORK OUT.

LET'S START WITH YOU, JESSICA.

AND THEN TURN AIR.

YOU JUMP IN AFTER A DOMESTIC HAS DONE.

>> SURE.

SO I CONSIDER KIND OF THE FIRST TO ROLL THAT I ASK PEOPLE ABOUT IT TO MAKE DECISIONS FOR YOU.

IF YOU ARE ALIVE, BUT INCAPACITATED.

SO I'M THINKING ABOUT SOMEBODY WHO'S GOING MAKE FINANCIAL DECISIONS FOR YOU.

NOT JUST, YOU KNOW, PAYING BILLS OUT OF YOUR CHECKING ACCOUNT OR MAYBE MAKING SURE THAT YOUR INSURANCE IS IN ORDER AND THINGS OF THAT NATURE I'M THINKING ABOUT ALL KINDS OF BUSINESS DECISION MAKING SURE YOUR INVESTMENTS ARE ON TRACK.

TALKING WITH YOUR FINANCIAL BROKER.

ALL KINDS.

DECISION WHEN IT COMES JUST FINANCIAL RELATED ITEM.

AND THEN I ALSO LOOK AT WHO IS GOING TO MAKE THOSE MEDICAL DECISIONS FOR YOU.

SO SOMEBODY WHO CAN MAKE A DECISION FOR YOU IN AN EMERGENCY SITUATION WHERE THE MOTION THEY'RE VERY, VERY HIGH AND THEY'RE GETTING A LOT OF INFORMATION FROM A LOT OF DIFFERENT SOURCES, SOMEBODY WHO IS GOING TO BE ABLE TO KIND OF TAKE THAT AND MAKE AN EMOTIONAL DECISION FOR YOU WHEN IT COMES TO YOUR MEDICAL TREATMENT, WHETHER IT'S SURGERY OR END OF LIFE DECISION.

>> WELL, IT COULD GET COMPLICATED IN.

AND LIKE YOU SAID, YOU KNOW IT IT MIGHT INVOLVE DIFFERENT TYPES OF ABILITIES OR EXPERIENCE.

I MEAN, MAYBE THE PERSON YOU WANT TO BE YOUR POWER OF ATTORNEY.

HAS A LITTLE MORE BUSINESS EXPERIENCE.

AND THE ONE YOU WANT TO FOR THE HEALTH CARE REPRESENTATIVE MIGHT HAVE SOME BACKGROUND IN HEALTHCARE.

IS THAT WOULD YOU AGREE WITH THAT, JEN.

OUR WHAT WOULD YOU SUGGEST?

>> NOW?

I THINK YOU'RE EXACTLY RIGHT.

AND I SEE THAT SOMETIMES AND FAMILIES OF THE YEAR IN QUESTION THAT YOU POSED BEFORE WAS CAN'T BE THE SAME PERSON.

OF COURSE.

YEAH.

YES, IT CAN.

ONE PERSON CAN WEAR DIFFERENT PLAY, DIFFERENT ROLES AND HAVE DIFFERENT DUTIES.

TO YOUR POINT, YES, IF THERE IS A LOT OF PEOPLE WE SEE NAMED HER SPOUSE OR CHILDREN AND WHEN YOU'RE NAMING A CHILDREN DIE STATUS THAT, YOU KNOW, ONE OF THE DAUGHTERS MAYBE AS A NURSE AND ONE OF THE DAUGHTERS IS AND BANKING.

SO DEFINITELY.

AND YOU WANT TO PICK THE PERSON THAT'S MOST WELL SUITED TO CARRY OUT THOSE DUTIES SO IT CAN BE THE SAME PERSON YOU WANT TO BE THE BEST PERSON.

SO THEN YOU WOULD WANT WELL THAT UP AND GIVE IT TO YOU THINK IS GOING TO THE BEST SHOPS ARE NOW, WHERE WERE YOU PUT THIS.

IS THIS GOING TO BE IN YOUR WILL YOU HAVE KIA SECOND SET OF DOCUMENTATION.

>> HOW DOES THAT WORK, JESSICA?

ONCE YOU'VE SELECTED PEOPLE FOR THESE ROLES.

>> SO I DO 2 DIFFERENT DOCUMENTS OR OR OR A LOT OF ATTORNEYS DID 2 DIFFERENT ONE WILL BE WHAT'S KNOWN AS A DURABLE POWER OF ATTORNEY, A LOT OF TIMES THAT LIKE TO DO THAT BECAUSE THAT THE DOCUMENT THAT'S GOING TO BE PRESENTED TO BANK OR FINANCIAL INSTITUTION AND AS JOHN MENTIONED, YOU KNOW, A LOT OF TIMES YOU'RE PICKING 2 DIFFERENT PEOPLE FOR THESE ROLES SOMETIMES THE SAME PERSON.

BUT SOMETIMES IT'S 2 DIFFERENT PEOPLE AND SO YOU WANT TO BE ABLE TO PREVENT THAT DURABLE POWER OF ATTORNEY TO YOUR BAG.

AND AND REALLY ONLY HAVE THAT DEAL WITH TRANSACTION.

THEN THE APPOINTMENT OF THE HEALTH CARE REPRESENTATIVE OFTEN TIME THAT LIKE TO KEEP THAT IS A SEPARATE DOCUMENT SIMPLY BECAUSE THAT'S GOING TO BE GOING TO THE DOCTOR.

THE HOSPITAL.

AND SO WE WANT TO MAKE IT VERY CLEAR THAT THIS IS ONLY IN REGARD TO MEDICAL DECISION.

SURE, IT DOES MAKE IT A LOT EASIER TO NAME 2 DIFFERENT PEOPLE OR IF YOU'VE NAMED 2 DIFFERENT PEOPLE THAT ARE LIVING IN DIFFERENT STATES.

THEY DON'T HAVE TO BE INDIANA RESIDENT TO SERVE IN THE ROLE.

SO SOMETIMES IF YOU'VE GOT DIFFERENT PEOPLE IN DIFFERENT STATES.

HE WON A SEPARATED AS WELL.

>> IT DOESN'T BECOME EASIER IF THEY DO LIVE HERE IN THE SAME STATES ARE NEAR YOU.

I MEAN, HOW COMPLICATED WOULD IT BE TO HAVE A POWER OF ATTORNEY THAT LIVED IT IN CALIFORNIA.

WHAT DO YOU THINK ARE NOW.

>> YOU KNOW, I THINK.

I CAN GO EITHER WAY.

I CAN SEE HOW THAT WITH HOW MANY PEOPLE DO THEIR BANKING TRANSACTIONS ONLINE AND THAT, YOU KNOW, WE'RE HAVING ZOOM CALLS ABOUT COVID HAS TAKEN THIS TO AN EXTENT THAT PRETTY MUCH PEOPLE HAVE ACCESSED FROM ANYWHERE.

SO IT YOU KNOW IT IN IN A SITUATION WHERE THE BEST PERSON FOR YOU IS FAR AWAY AND THERE'S NO ONE ELSE HEY, IT'S IT'S BETTER TO NAME THE PERSON FAR AWAY.

THEY THEY CAN PROBABLY DO A LOT OF IT FROM AFAR.

BUT IF THERE IS A PERSON WHO IS QUALIFIED AND WHO YOU TRUST.

AND HE WAS.

YOU KNOW, IN MY MIND THAT WITHOUT OVER THE ONE FAR AWAY.

BUT OR, YOU KNOW, MAYBE I WOULD.

THIS HAS HAS CALLED, YOU KNOW, WAYS AND THEY CAN WORK RIGHTLY THE FIRST POST.

I THANK MY FEET TO THE FIRST IS PARKING IN THE TRANSACTIONS ONLINE.

SO AGAIN, YOU KNOW, IT'S A CASE BY CASE BASIS FOR THE BEST PERSON IS VARIES BY A LOT OF DIFFERENT FACTORS BUT I WOULDN'T RULE OUT SOMEONE WHO IS FAR AWAY WITH WITH ALL OF THAT.

YOU KNOW, ONLINE THINGS THAT YOU CAN DO TODAY.

YEAH.

I MEAN, WE'RE CERTAINLY SHOWING MET TONIGHT.

I YOU'RE EXACTLY RIGHT.

OR 2 AGO.

WE WOULDN'T HAVE.

>> THOUGHT ABOUT DOING LIFE.

I HAD LIKE THIS, BUT CERTAINLY THANKS THE IMPROVED TECHNOLOGY.

WE DO HAVE A LOT OF.

NEEDS TO TAKE CARE OF BUSINESS, WHETHER IT'S A TV SHOW OR DOING YOUR BANKING OR THERE'S SO MANY THINGS PEOPLE WORKING FROM HOME NOW.

MAYBE WE'LL FIND THEMSELVES CONTINUING TO WORK FROM HOME BECAUSE THAT THAT WORK BECAUSE WE HAD SUCH GOOD COMMUNICATION.

NOW, BUT WE HAVE A LADIES FROM CARL AND HE SAYS DOES IT AFFECT THE ESTATE PLANNING IF MY PARENT COLLECTS DISABILITY AND IS ON A MEDICAID WILL START WITH YOU, JESSICA.

WHAT WOULD YOU ADVISE CARL.

>> SO A LOT OF TIME WHAT I ADVISE CLIENTS IS THAT THEY KNOW SOMEBODY THAT THEY WOULD BE LEAVING ASSETS TO END THEIR WELL.

THAT IS ON A DISABILITY.

I ADVISED TO INCLUDE A SUPPLEMENTAL NEED TRUST FOR THAT INDIVIDUAL WHAT A SUPPLEMENTAL NEED JUST ISN'T EGGS THEM 3 THOR FOR SOMEBODY WHO IS EITHER ON MEDICAID BENEFITS OR SOCIAL THE SOCIAL SECURITY DISABILITY.

AND SO THIS IS SOMETHING THAT YOU CAN INCLUDE IN YOUR WILL.

YOU DON'T NECESSARILY HAVE TO HAVE A FREE TRUCK FOR IT.

IT IS WITH IT.

IT SAID TRUMP LINERS THAT WE INCLUDE IN YOUR ACTUAL.

WELL.

AND IT CALLED THE SUPPLEMENTAL ME TRUST YOU WOULD BE ABLE TO NAME THE TRUSTEE OF THIS AND HE WOULD KIND OF BE ABLE TO GUIDE WHAT THOSE DISTRIBUTIONS ARE FOR AND THEN WHAT HAPPENED TO IT AFTER THAT INDIVIDUAL HAD PASSED AWAY.

>> OK. GOT IT.

OK, SANTA.

CAN I ADD ONE THING TO THAT.

GO AHEAD.

RUN NOW JUST TO SAY THAT THE POINT OF THAT IS THAT IF YOU ARE ON MEDICAID, OBVIOUSLY YOU HAD TO BECOME ELIGIBLE TO RECEIVE MEDICAID BENEFITS.

AND PART OF THAT IS THAT YOU CAN'T HAVE OVER A CERTAIN AMOUNT OF ASSETS OR SOMEONE.

WELL, STUART, YOU INHERIT A LUMP SUM OF MONEY THAT KEEPS YOU OUT OF THE MEDICAID.

SO WHAT JESSICA JUST EXPLAINED IS A WAY TO HAVE RIPPED UP RECEIVE MONEY HAD THERE FOR YOU AND HAVE IT AVAILABLE TO SUPPLEMENT YOUR MEDICAID.

BUT THAT TYPE OF SPECIAL NEEDS TRUST IS SUCH THAT IT WILL NOT SHAKE YOU OUT OF THE MEDICAID BENEFITS THAT YOU'RE ALREADY THIS EVENING.

>> I DO.

NOW.

HERE'S A QUESTION FOR YOU.

SINCE WE'RE TALKING WILSON BENEFICIARIES.

WHAT IF I DON'T HAVE ANY MONEY TO SPEAK OF.

DO I STILL HAVE TO HAVE A WILL.

>> YOU'RE NOT.

NO ONE IS OBLIGATED TO WELL, I MEAN, THERE ARE THAT WE CAN TALK ABOUT WHAT WOULD HAPPEN IF YOU DON'T HAVE A WELL, BUT WHAT WE'RE SPEAKING ABOUT ESTATE PLANNING TIPS FOR PARENTS.

ONE OF THE THINGS THAT YOU WOULD LIKE TO THINK ABOUT THAT, THAT THE ESTATE PLAN IS NOT JUST NAMING WHO YOU WANT YOUR ASSETS TO GET TO ITS NAMING SOMEONE WHO WOULD COMMENT AND TAKE CARE OF YOUR KIDS.

AND IF NOT, THEN YOU PASSED AWAY AND YOUR CHILDREN WERE MINOR.

SO THAT'S ANOTHER VERY ASPECTS OF YOUR ESTATE PLAN, AS IS THE POWER OF THAT AND THE HEALTH CARE POWER PLANT WILL BE SPOKEN ABOUT.

THAT.

HAS NOTHING TO DO WITH YOUR ASSETS.

THAT HAS EVERYTHING TO DO WITH WHO IS GOING TO BE THERE TO HELP YOU MAKE.

YOU ARE HEALTH CARE DECISIONS IF YOU'RE GOING TO BE THERE TO HELP PAY YOUR BILLS AND THAT TYPE OF THING.

SO AN ESTATE PLAN IS IS ABOVE AND BEYOND JUST A TRANSFER OF ASSETS.

YEAH.

A MATTER OF OF WHAT MONEY YOU HAVE.

JUST LIKE WHERE I'M ENTERING NEW YEAR A YOUNG MOTHER.

>> LET'S LET'S HEAR SOME ADVICE FOR YOU FOR YOUNG PARENTS.

WHY DO YOUNG PEOPLE NEED TO HAVE A WILL IF THEY HAVE, I DON'T KNOW.

EVEN PRESCHOOL CHILDREN.

>> WELL, LIKE, YOU KNOW, MENTIONED IT'S NOT JUST ABOUT, YOU KNOW, WHERE IS YOUR MONEY GOING TO GO.

A NEW PATHWAY WHO'S GOING TO BE PROVIDING CARE FOR YOUR CHILDREN.

A LOT OF TIMES PEOPLE.

THEY MAY THEY MAY NOT HAVE A LOT OF MONEY.

MAYBE THEY'VE GOT A MORTGAGE AND GOT HIM ON THAT.

BUT THEY MAY HAVE LIFE INSURANCE THAT MAY HAVE LIFE INSURANCE THROUGH WORK.

THEY MAY HAVE JUST PURCHASED THEIR OWN LIFE INSURANCE POLICY AND THOSE PROCEED COULD BEAT THE BAND SHELL.

SO TO HAVE A PLACE FOR THAT TO GO FOR THEIR CHILDREN AND TO BE ABLE TO MAKE SURE THAT WHOEVER IS IN CHARGE OF THE FUND ARE USING IT FOR THEIR CHILD'S BEST INTEREST.

MAYBE THEY REALLY WANT TO MAKE SURE THEIR CHILDREN GO TO CERTAIN SCHOOL.

MAYBE THEY WANT TO MAKE SURE THEIR CHILDREN HAVE THEIR EXTRACURRICULAR ACTIVITIES AVAILABLE TO THEM.

MAYBE THEY JUST WANT TO MAKE SURE THAT IT'S STRETCHED OUT UNTIL THEY ARE 3040, YEARS OLD BECAUSE THEY'RE WORRIED ABOUT THEM GETTING A START IN THEIR LIFE.

AND SO HAVING AN ESTATE PLAN EVEN FOR SMALL ASKED THAT IT COULD BE GROWTH THAT YOU'RE, YOU KNOW, YOU YOU'RE GOING TO GAIN ACCESS AS YOU AS YOU GET OLDER AS YOU WORK SO STARTING THAT IF THEY PLAN EARLY KIND OF WORK WITH YOU AS YOU GAIN MORE ASKED THAT THE NEW GROW AND YOU CAN START REALLY TALKING ABOUT THOSE DESIRES OF YARD OR WHAT DO YOU WANT TO HAPPEN WITH YOUR KIDS WHO HAVE BEEN MAKE THE DECISION AND THEN HOW ARE THE FUNDS AS YOU ACQUIRE MORPHIN POWER.

THOSE GOING TO BE HANDLED FOR YOUR KID.

>> IS IT ARE USUALLY A RELATIVE THAT YOU WOULD NAME OR NOT.

JESSICA, AS A TRUSTEE GUARDIAN.

>> MY BEST ADVICE IS REALLY PICK THE PEOPLE WHO YOU TRUST TO MAKE THOSE DECISIONS AND SOMETIMES PEOPLE WILL NAME A GUARDIAN AS A FAMILY MEMBER.

BUT THEN MAYBE MAKE A TRUSTEE OF THE TRUST MAY SOMEBODY ELSE FOR A CHECKS AND TIME.

WE'LL EVEN INCLUDE A BANK IN THAT SITUATION.

A LOT OF TIMES THEY JUST DON'T HAVE FAMILY MEMBER FAMILY MEMBERS IN THE DIFFERENT RULES SO PEOPLE WILL CHOOSE THE SAME PERSON AS THE GUARDIAN AS THE TRUSTEE.

IT REALLY DEPENDS ON YOUR FAMILY STRUCTURE AND WHO YOU TRUST TO REALLY MAKE ME THE IMPORTANT VISION FOR YOUR KID.

>> ENGINE NOW.

WHAT WOULD YOU SAY IN TERMS OF NOTIFYING THESE PEOPLE.

IS IT NECESSARY TO TO TALK TO THE PEOPLE THAT YOU WANT TO NAME AS A GUARDIAN OR A TRUSTEE OF YOUR CHILDREN.

YOU HAVE TO TALK TO THEM OR NOT.

>> I GET ASKED THAT OCCASIONALLY, YOU KNOW, DO THE PEOPLE I CHOOSE AS MIGHTY BOOSH AREAS NEED TO COME INTO THE OFFICE.

THE SIGNS ON BEN, DO THEY.

WE NEED TO BE THERE TO UNDERSTAND WHAT THEIR DUTIES ARE AND LEGALLY KNOW THEY THEY DON'T NEED TO COME INTO INTO THE MEETING WHERE YOU SIGN YOUR STATE DOCUMENTS THAT YOU KNOW, THEY WANT.

BUT TO ANSWER YOUR QUESTION, YES, THEY ABSOLUTELY WE RECOMMEND THAT REACH OUT TO THEM, TELL THEM THAT YOU'VE CHOSEN THEM TO BE IN THIS POSITION TALK TO THEM ABOUT WHAT YOUR WISHES ARE YOU KNOW, ESPECIALLY IF YOU'RE NAMING THEM AS A GUARDIAN.

YOU KNOW, YOU WANT THEM TO BE INVOLVED IN THEIR KIDS LIVES.

SO THAT IF SOMETHING HAPPENED THERE, THE FAILURE WITH WHAT THE TEAM HAS.

THEREFORE KNOW.

YOU'RE WITH LET'S SUPPOSE THEY GO TO PUT ACTIVITIES.

THEY LIKE TO DO AND, YOU KNOW, OTHER DAY TODAY.

SO IT IT THE MORE YOU TALK TO THEM, THE MORE YOU EXPLAIN WHAT YOUR WISHES ARE WITH REGARD TO THE WORLD YOUTH.

AND I'M AN ABSOLUTELY THE BETTER.

>> SO THEY DON'T NECESSARILY AS A FIDUCIARY HAVE JUST LIKE SIGN ANY KIND OF CONSENT PRIOR TO THEN BEING NAMED.

>> NO, NO, THEY DON'T.

YOU RIGHT NOW.

THEY DON'T HAVE TO SIGN ANYTHING OKAY.

ALL RIGHT.

GOT OKAY.

LET'S TALK ABOUT LAST WILL AND TESTAMENT AND LIVING WILL.

AND, YOU KNOW, I WANT TO ASK YOU >> THINK PEOPLE.

STARTING OUT.

YOU KNOW, WITH THIS KIND OF THOUGHT OF THEIR FUTURE OR A LITTLE CONFUSED YET OF WHAT A LIVING WILL IS AS OPPOSED TO A LAST WILL AND TESTAMENT.

>> I THINK THOSE ARE CONFUSING DIFFERENT NAME.

YOU SEE THAT WILL IN THERE AND SOMETIMES PEOPLE USE THEM INTO THE EARLY GOING WITH THE BOROUGH BRIDGE.

BUT THERE'S NOT SEPARATE DOCUMENTS THEY ARE REALLY 2 SEPARATE BACK AT THAT.

SO A LAST WILL AND TESTAMENT IS REALLY WHAT YOU THINK ABOUT AS FAR AS A WELL, THAT'S THE ONE FOR YOU.

THEN YOUR BENEFICIARIES WHO YOU WANT TO RECEIVE THE ASSETS FROM YOUR STATE TO YOUR PERSONAL REPRESENTATIVE.

THAT'S THE LAST WELL IN TEST LIVING WELL IS COMPLETELY DIFFERENT AND THAT HAS TO DO WITH THE FINAL AND THE STATE IS ON YOUR LIFE AND EXPRESS YOUR WISHES AS FAR AS WHETHER YOU WANT TO RECEIVE ARTIFICIALLY.

I HYDRATION AND NUTRITION.

AND SO YOU CAN STAY THERE COMPLETELY SEPARATE A LIVING WELL IS OFTEN ASK OF YOU IF WE'RE GOING TO PROCEED DETERRENTS A VACUUM THAT YOU HAVE A PILE OF HOSPITAL BEDS.

PEOPLE HERE THAT THAT NAME, THAT LIVING WELL.

AND THEN A SUPER PARAPHRASE BILL LAST FALL HAS BEEN NO THERE COMPLETELY SEPARATE BACK.

AND THAT'S.

>> OK, I'M GLAD YOU CLARIFIED THAT FOR EVERYBODY.

WE HAVE TALKED ABOUT OR MAYBE 8 OR 9 MINUTES LEFT IN THE SHOW.

SO STILL, YOU CAN CALL IN IF YOU HAVE QUESTIONS THAT 9, 6, 9 JESSICA, LET'S TALK ABOUT INHERITANCES.

LET'S SAY YOU HAVE YOUR YOUR CHILDREN AS BENEFICIARIES IN YOUR FOR YOUR LIFE INSURANCE OR.

>> OR SOME OF THE ASSET YOU HAVE.

HOW CAN YOU BE SURE THAT THOSE ARE USED THE WAY YOU WANT THEM TO BE USED IF YOU'RE NOT GOING TO BE HERE ANYMORE MODIFY THAT WERE TOO OBSERVE.

IT.

>> RIGHT.

THAT'S A VERY COMMON QUESTION.

ESTATE PLANNERS GET BECAUSE IT DEPENDS ON THE AGE OF YOUR CHILD OF USUALLY MY RESPONSE TO HIM.

SO IF YOUR CHILD IS 12, WHEN THEY RECEIVE THAT YOU REALLY DON'T ANY IDEA NECESSARILY OF HOW THAT IS GOING TO BE USED DURING THEIR LIFETIME.

AND SO THAT'S WHY A LOT OF IT THEY PLAYERS WILL RECOMMEND A LAST WILL AND TESTAMENT OR SOME SORT OF TRY TO MAKE SURE THAT YOU ARE KIND OF OVERSEEING HOW THOSE FUNDS ARE BEING HANDLED, MAKING SURE THAT THEY ARE BEING USED FOR THEIR EDUCATION, MAKING SURE THAT MAYBE THEY'RE BEING USED FOR.

EXTRACURRICULAR ACTIVITIES.

OUTING IT COULD BE USED TO HELP RAISE THEM.

IT COULD BE.

YOU MAY BE AS THEY GET OLDER TO HELP WITH PAY FOR THEIR WEDDING OR TO PAY FOR A DOWN PAYMENT ON THEIR OWN HOME.

MAYBE HELP THEM WITH A CAR.

THINGS OF THAT NATURE.

BUT TRULY IN ORDER TO KIND OF OVERSEE THAT AND GOVERN THAT YOU NEED TO HAVE EITHER A LAST WILL AND TESTAMENT THAT HAS A TRUCK WITH IT OR FULL TRUST AND HAVE IT OUT.

>> OKAY.

ALL WHAT >> YEAH, AS FAR AS AND YOU KNOW, THIS IS FOR YOU.

WHAT IF YOU'VE NAMED YOUR CHILDREN AS BENEFICIARIES FOR YOUR LIFE INSURANCE.

OR YOUR 4 O ONE K AT WORK.

IS THAT A GOOD IDEA?

AND HOW HOW STABLE OR PERMANENT ENSURED CAN YOU BE THAT THAT IS THE WAY IT WILL BE CARRIED OUT.

>> WELLSTAR.

YES, ABSOLUTELY.

IF YOU HAVE YOUR CHILDREN LISTED AS BENEFICIARIES UNDER YOUR 4 O ONE K OR NEAR LIFE INSURANCE.

WHEN YOU PASS AWAY, IT WILL GET DISTRIBUTED TO YOUR BREATH.

ONE THING I WOULD SAY IS BACK TO WHAT JESSICA WAS JUST SPEAKING ABOUT.

AGAIN, IF YOU HAVE THEIR NAMES LISTED AS BENEFICIARY.

THAT MEANS THEY'RE GOING TO RECEIVE A LUMP SUM.

YES.

SO IF THEY RECEIVE A LUMP SUM AND HE'S JUST BECAUSE EXAMPLE, THEY'RE 12 YEARS OLD.

YOU HAVE NO SAY AND HOW THEY'RE SPENDING THAT MONEY.

ALSO, THERE ARE REGULATIONS AS FAR AS HOW MUCH.

OF A LUMP SUM OF A CHILD.

A MINOR CHILD CAN PUT A STOP.

YOU KNOW WHAT WE WOULD RECOMMEND IS IS IN.

YOU ARE WELL, YOU MIGHT PUT A TRUST THAT JESSICA REFERENCED IN YOUR WILL TO KIND OF HELP.

GUIDE.

EITHER YOUR CHILD OR A TRUSTEE IN HOW THOSE HOW THE MONEY SHOULD BE SPENT, HOW IT SHOULD BE DISTRIBUTE WHEN IT SHOULD BECAUSE IT IT ALLOWS YOU TO YOU KNOW, WHEN THEY WOULD GET A LOT OF SIMON.

AND WHEN YOU WOULD LIKE TO SEE THIS TRIBUTE TO THAT AND TO DO THAT AGAIN.

THERE'S SPECIFIC LANGUAGE THAT YOU PUT IN ON YOUR BENEFICIARY FORMS.

YOU WOULDN'T JUST NAME YOUR CHILD OK WOULD NAME THE TRUST ON YOUR WELL SO IF THERE'S SOME SOME GUIDANCE OR THAT YOU WOULD WANT TO GET FROM HERE.

IT'S PRETTY ON THE LANGUAGE THAT YOU WANT TO USE.

THAT MAKES A LOT OF US.

IT DOESN'T KNOW.

ACTUALLY FOUND IN A LOCKED UP.

>> OKAY.

ALL RIGHT.

THANK YOU FOR THAT SARAH JUST CALLED AND TO LIFE AHEAD HERE.

THANK YOU, SARAH, FOR WATCHING US HERE THIS EVENING AND SARAHS QUESTION, IS THIS.

SHE'S WONDERING WHAT YOU WHEN YOU HAVE NO ONE TO PUT IN PLACE AS YOUR POWER OF HAVE HAVE NO ONE IN THE FAMILY OR MAYBE YOU DON'T HAVE A FAMILY.

BUT YOU DON'T KNOW WHO DIDN'T NAME OR YOU DON'T HAVE JESSICA, YOUR ADVICE.

>> WELL, WE WE REALLY DO A DEEP DIVE AND WE HAVE A CONVERSATION ABOUT THIS IN IN A MEETING WITH WITH CLIENTS TO TALK ABOUT OKAY.

DO WE HAVE SOME FRIENDS MAY BE THAT WE COULD TALK TO DO.

WE HAVE UP AFTER THAT.

WE COULD CONSIDER AND WE REALLY JUST KIND OF HAVE AN IN-DEPTH CONVERSATION ABOUT WHO IS IN YOUR LIFE THAT MAYBE WE CAN TRUST WITH THAT.

TRULY IF THERE IS NO ONE THAT WE CAN TRUST.

THERE ARE AGENCIES IN INDIANA AND OUTSIDE OF INDIANA THAT ARE CONSIDERED PROFESSIONAL POWER OF THAT.

IN FACT, FOR PEOPLE THEY DO CHARGE FOR THIS SERVICE.

OF COURSE.

AND SO WE TRY TO REALLY.

>> HAVE THAT IN THAT CONVERSATION TO AVOID THAT.

IF WE IF WE CAN, BECAUSE IT CAN BE COSTLY.

>> YOU KNOW, A LOT OF PEOPLE WHEN THEY MAKE THEIR FIRST APPOINTMENT, IT FOR ESTATE PLANNING WITH A NUT MIGHT ALREADY HAVE THOSE NAMES IN MIND OF WHO MAY WANT TO CHOOSE ITS POWER OF ATTORNEY OR HEALTH CARE REPRESENTATIVE.

BUT AS OF YET AGAIN, AS SARAH MENTIONED, MAYBE YOU DON'T.

SO YOU CAN GO AHEAD AND HAVE THAT FIRST MEETING AND GET SOME HELP WITH THAT.

STILL 3 MINUTES TO GO JUNE NOW, I WONDER IF YOU COULD EXPLAIN TO PEOPLE WHAT HAPPENS IF YOU ADD TO YOUR PROPERTY WHERE IS THAT TRANSFER?

WHAT HAPPENS TO IT.

IF YOU DON'T HAVE A WILL.

>> THIS REALLY DEPENDS ON WHAT KIND OF ASK THAT YOU HAVE AND HOW THEY'RE TITLED AGAIN, DIFFERENT ASSETS.

AND SPREAD THAT DIFFERENTLY.

WE'VE ALREADY SPOKEN LIFE INSURANCE AND 4 O ONE K S AND IRAS.

THOSE ARE BENEFICIARY OF WHOEVER YOU NAMED AS A BENEFICIARY IS HOW THAT WILL TRANSFER OVER REGARDLESS OF WHETHER YOU HAVE A WELL OR NOT.

ANOTHER CATEGORY THAT WILL BE HANDLED A LITTLE BIT DIFFERENT.

THE IS ANY COUNTY I HAVE NO IF YOU OWN A HOME WITH YOUR SPOUSE OR OR JUST JOINTLY TITLE WAS SOMEONE ELSE OR IF YOU PASSED A JOINT BANK ACCOUNTS, SOMETHING LIKE THAT.

I OPERATE IN A BLOG.

THOSE ASSETS WILL TRANSFER OVER TO THE OTHER OWNER.

SO WHAT REMAINS OF YOUR ASSETS AND WITH THROUGH INDIANA STATE WALLS.

THEY HAVE.

WE HAVE REGULATIONS.

EVERY STATE HAS REGULATIONS THAT SOMEONE WHO WOULD DIE IN TEH STATE, WHICH MEANS YOU DIE WITHOUT A WILL.

AND THEN THAT IS JUST FIRST BASED ON MORE YEAR.

THE FAMILY SITUATION THAT YOU'RE AND SO IF IF WE'RE TALKING YOUNG FAMILIES WITH THE SPOUSE PASSED AWAY, LEAVING A SPOUSE AND KIDS.

WHAT INDIANA LAW WOULD SAY.

HALF OF THAT WOULD GO TO YOUR SPOUSE.

THE OTHER HALF WOULD BE ON YOUR KIDS.

SO THERE'S A LOT OF FACTORS ON WHERE WE GO.

IF YOU DIDN'T HAVE A WELL, BUT THAT THOSE ARE KIND OF THE GENERAL IDEAS OF HOW IT WOULD BE USHERED THROUGH.

ALL RIGHT.

THANK YOU FOR THAT INPUT.

>> WE'RE DOWN ABOUT A MINUTE LEFT HERE.

BUT I'M JESSICA.

I THINK YOU CAN ANSWER THIS QUESTION FOR LET'S SAY I'M YOU KNOW, WE'RE WE'RE PARENTS OF A U OF A COUPLE OF YOUNG CHILDREN AND WE'RE GOING TO GO TRAVELING WITHOUT THEM.

WHAT DOCUMENTS SHOULD WE HAVE IN PLACE BEFORE WE LEAVE ON THAT VACATION.

>> FOR SURE.

YOU NEED A POWER OF ATTORNEY FOR YOURSELF TO MAKE SURE IF SOMETHING DOES HAPPEN TO YOU, SOMEBODY CAN MAKE DECISIONS FOR YOU.

BUT I WOULD ALSO RECOMMEND WITH NO TO THE STAND BY GUARDIAN.

THIS IS A DOCUMENT THAT THE PARENTS BY THAT THEY DESIGNATE INDIVIDUALS TO SERVE AS A GUARDIAN AND A TEMPORARY BASIS SHOULD SOMETHING HAPPEN TO THEM.

BUT LET'S SAY THEY'RE STUCK SOMEWHERE ON A CRUISE SHIP FOR SEVERAL WEEKS BECAUSE OF BUT IT DID SOMEBODY ELSE TO 3RD AND GUARDIAN AND A TEMPORARY ROLE SO THEY COULD, YOU KNOW, MAYBE REGISTER POLL TAKEN TO THE DOCTOR.

MAKE WHATEVER DECISIONS ARE NECESSARY FOR THOSE KIDS.

>> ALL RIGHT.

THAT'S GOOD RECOMMENDATION AND ESPECIALLY AS WE KNOW FROM THIS PAST YEAR, YOU NEVER KNOW WHAT'S GOING TO HAPPEN WHETHER YOU CAN EVEN GET BACK HOME FROM WHERE YOU ARE VACATIONING.

WELL, I WANT TO THE BOTH OF YOU.

YOU'VE BEEN LOVELY THIS EVENING AND GIVEN SO MUCH INFORMATION TO OUR JONELLE SPRINKLE AND JESSICA THORSEN, THANK YOU.

YOU DID A GREAT JOB.

LADIES AND AND I REALLY APPRECIATE YOUR INFORMATION FOR THE REST OF YOU THAT ARE WATCHING.

OF COURSE YOU CAN SEE US HERE EVERY WEDNESDAY NIGHT AT 7.30 ON A LIFE AHEAD RIGHT HERE ON PBS FORT WAYNE AND THROUGH THE WEEKEND.

WE RE-AIR THE SHOWS ABOUT 3 MORE TIMES THAN YOU CAN JUST CHECK YOUR TV LISTINGS TO FIND OUT WHEN THE SHOW WILL AIR AGAIN.

MEANWHILE, HAVE A GREAT NIGHT.

WE'LL SEE YOU NEXT GREAT NIGHT.

WE'LL SEE YOU NEXT WEDNESDAY TO LIVE.