Join estate planning attorney John Roth for a live webinar on Thursday, May 12th, from 11:30am to 1:00pm (HST) for an introduction to estate planning, focusing on “What’s the difference between a Will vs. Trust?” Learn about how a will and/or trust can help plan for the future and the pros and cons of each. This webinar is open to all and is hosted by Hawaii Community Federal Credit Union.
“The majority of my job as an estate planning attorney, and the part I enjoy the most, is educating people about their options," - attorney John Roth.
Simply put, estate planning is the process of putting together a plan, which will allow someone to step into your shoes to manage your assets in the event of incapacity or death. The best estate plan is what an informed person decides after understanding all of their options. Estate planning is not a one-size-fits-all proposition; each person and family has a different situation and goals.
In this presentation John will review the basic estate planning documents, which generally consist of the following: a will, revocable living trust (if needed), durable power of attorney and advance health care directive. One of the most common questions that come up at the first estate planning meeting with a client is: What’s better, a will or trust? John will unpack this loaded question based on elements of complexity, time, cost, and other factors that should be considered.
Topics Covered
How does estate planning work?
What do the different documents achieve?
Will
Trust
Power of Attorney
Advance Healthcare Directive (Living Will)
Disposition of Remains
HIPAA Release Form
How is a will different from a trust?
Estate Planning is necessary because, as the old expression goes, “You can’t take it with
you.” People need a will or will substitute, such as a revocable living trust, if they want to
control who inherits their property and how and when that inheritance is received, to minimize administration costs, and to avoid unnecessary taxes. A well-planned estate is a gift
to your loved ones; it’s part of your legacy. There are many misconceptions about estate planning. Circumstances vary, however, and the perfect estate plan in one person’s situation can be a terrible plan for someone else.
Presentor
Attorney John Roth is the founder of Hawaii Trust & Estate Counsel, a statewide estate planning law firm with Big Island offices in Waimea, Hilo, and Kona. He has taught Estate Planning at the Richardson School of Law, and business law at the University of Hawaii—Hilo. He earned his law degree in 2007 from the William S. Richardson School of Law and has been practicing estate planning for over ten years… MORE ABOUT JOHN
Live on Zoom
Mahalo to Hawaii Community Federal Credit Union for hosting this presentation live on Zoom. Pre-registration is required- signup here. For more information about this presentation call 334-3343.
Zoom is a cloud-based video conferencing service you can use to virtually meet with others - either by video or audio-only or both, all while conducting live chats.
About Our Host
Hawaii Community Federal Credit Union is a locally-grown, member owned financial institution open to Hawaii Island. Ten struggling coffee farmers formed our credit union in the midst of the Great Depression after banks refused them loans and services. It started as a one-room operation and has grown into a trusted institution for our communities. HCFCU offers educational community seminars for their members and the public.
