OFFERED VIRTUALLY!

Planning for Uncertainty: Wills & Powers of Attorney

Tuesday, Dec. 14 | 12:05 p.m. to 12:55 p.m. 

In life, nothing is certain, but creating an estate plan is one way you can plan to improve your overall financial well-being. Join us on Tuesday, Dec. 14 from 12:05 to 12:55 p.m. for our virtual workshop, “Planning for Uncertainty: Wills and Powers of Attorney” where we will help you think through and establish an action plan for putting important lifetime planning and estate strategies in place.   

You may be thinking that only the wealthy or people with complex inheritance situations need a will. But here are a few reasons almost everyone needs a will:

• You get to say who receives your assets and valuables instead of our state government making the decisions. 
• Your dependent children can be cared for by whom you choose. Otherwise, the courts decide. 
• Your heirs can access your assets more quickly and easily. 
• If you have a large amount of assets, you can put strategies in place, such as a trust, to avoid the lengthy court probate process and potentially reduce estate taxes.
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Gregg Marsh, CFP and Director of Integrated Solutions in a multi-state region at TIAA, will walk us through:

• Preparing for health care and financial decisions to be made if you are not in a position to make them yourself
• Determining whether lifetime gifts to your loved ones or charity should play a role in your planning
• Knowing what questions to ask your attorney to execute an effective estate plan
• Familiarizing yourself with the basic estate planning documents to put in place as part of your estate plan, including writing or updating your will, powers of attorney, advanced health care directive (living will), and beneficiaries
• Understanding the importance of asset ownership and beneficiary designations
• Evaluating the potential for estate taxes

REGISTER HERE  

UNM Financial Wellness Workshops are a part of your UNM benefits and are offered monthly to help you improve your overall financial wellness and retirement security. For more information contact us at wellness@unm.edu.

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ADDITIONAL RESOURCES

• Freewill.com
• Lawdepot.com
• Legalzoom.com 
• Trustandwill.com 
• Legalmatch.com
• Fidelity Estate Planning
• TIAA Estate Planning
• TIAA Incapacity Planning

Hiring an attorney: Hiring an attorney to review your documents may cost more, but it can give you greater peace of mind. 

The Importance of Beneficiaries: Beneficiaries on your accounts such as life insurance, retirement, and even your home can receive their inheritance directly with going through lengthy court probate. You can update your UNM Life Insurance beneficiary and New Mexico ERB pension beneficiary online. 

Other UNM Benefits: Participants in UNM's group life insurance benefits can take advantage of complimentary estate guidance, beneficiary assistance, and funeral concierge services from The Hartford.