Estate planning for retirees
Mon, Oct 14 2019, 2pm
UMRA’s Financial and Legal Affairs Group (FLG) cordially invites UMRA members to a presentation on estate planning for retirees by attorney Matthew Guttman of Mullen & Guttman PLLC from 2 to 3:30 p.m. on Monday, October 14.
You will learn how estate planning techniques can be applied to protect your legacy for your loved ones.
Location: John A. Knutson & Co., PLLP, 1755 Prior Avenue North, Falcon Heights, MN 55113, off Larpenteur just north of the St. Paul Campus. For directions, contact Kim at [email protected]or 651-379-5732.
The topics to be discussed include:
Wills vs. trusts. Which planning tool is right for you?
Why most estate plans fail to protect inheritances from divorce and other claims.
Limitations on stretching your qualified IRA plan distributions for maximum benefit.
How Minnesota’s estate tax could drastically impact your legacy.
How to minimize costs associated with the incapacity and/or passing of a loved one.
How you can help ensure that your legacy stays “in the family.”
Why putting property in your children’s names could be a huge mistake!
Tax planning for 2019 and beyond
Tax planning for 2019, 2020, and 2021 will be the focus of a second session, to be held on Thursday, November 21, when the presenter will be Todd Koch, CPA, CFP, of John A. Knutson & Co.
Topics to be discussed include:
Federal and Minnesota deductions and income
Where are we? Where may we likely be?
Do you need to adjust your estimates?
Should you still bunch deductions?
Please send your questions or suggest issues you would like discussed to Andy Whitman at [email protected] or 612 747-6015.
Upcoming Events
Our July 15 "hike" is going to be a kayaking adventure on Bde Maka Ska (formerly Lake Calhoun) and Lake of the Isles! If you don't have a kayak (or paddleboard), Wheel Fun Rentals, located next to the new concession stand rents single kayaks at $15 an hour and double kayaks at $25. The second hour is free if we rent before noon. Life jackets are provided with the rental.
Laura Ericksen will lead the discussion of How Stella Learned to Talk by Christina Hunger, a true story by a speech-language pathologist who taught her dog, Stella, to communicate using buttons associated with different words.
Our August 5 hike will be a reprise of our hike last summer at William O'Brien State Park. This is a beautiful park with a winding trail and a great view of the countryside. The hike is about 5.5 to 6 miles and we'll go at a moderate pace with frequent water breaks. After the hike, we will eat lunch at Rustic Roots Winery, a half mile north of the park.
Kathy Cramer will lead the discussion of The Bookbinder by Pip Williams, a book set in 1914 Oxford chronicling the life of Peggy who works in the University bindery, but craves a life beyond binding books but to being a scholar herself.
Enjoy a two-hour cruise on the Jonathan Padelford, leaving from the Harriet Island dock in St. Paul, boarding time at 5:30 p.m. We will have a brief program on board by Patrick Nunnally from the River Life Program of the Institute on the Environment.
August 31 is the due date for annual reports and updates. Annual Reports, Toolkits, web page updates, operating document updates and archives collections are all due each year on this date.
Autumn is a wonderful season in Minnesota so plan to join UMRA at the Andersen Horticultural Library at the Minnesota Landscape Arboretum. Kristen Mastel, head librarian and curator, will reveal its treasure trove of publications and artifacts relating to plant history, horticulture, and natural history. After the tour, those who are interested may stay to eat lunch together, sitting outside if the weather is nice. Later, you are invited to a one-hour tram tour of the entire Arboretum that includes natural areas of flowering shrubs, bogs, and forests, family garden and landscaping showpieces, and the red barn farm
After a summer break the UMRA Photo Club will next meet September 10, 2024 in the meeting room of the Hennepin County St. Anthony Branch Library. For those interested in lunch, meet at the Great Dragon at 11:30 am. For September the THEME will be Curves
We will continue to discuss the pros and cons of Medicare Advantage. You will also hear about notable non-health plan and non-broker resources.