On Estate Planning


Father Bill stepped in to run the meeting, noting that President Dan Johnson was having his final chemo treatment this week.  We are all sending positive thoughts Dan’s way, praying for a positive result from the chemo and his return to the helm.  Father Bill then led the membership in a moment of prayer for the victims of the ongoing wildfires plaguing Northern California.

Alan Lowe read a poem about supporting The Rotary Foundation, titled, “Solicitations, Positive Alternatives, where TRF through “wide-ranging” and “prolific” projects is “ridding the world of deplorable conditions.”  Richard Pearl held a winning raffle ticket, but his shot at the big pot was not so lucky.  Jennifer Willis announced we had one table filled for the upcoming Foundation Dinner to be held in Citrus Heights.

Darrell Scott announced the club’s “Pint for Polio” at Infusion Tap Room gathering on World Polio Day, Oct 24th from 5pm to 6:30pm.  Kris Wyatt will be taking donations of supplies for the victims of the wildfires to the Yuba/Sutter Fairgrounds this weekend. Clark said NATR is ready to go tomorrow (Friday) night at the OC Ballroom.  We will have access to the room at 2pm to do setup of the ticket windows beautifully built by Paul Parks and Keith Bergevin; table setup at 3pm.

Ed Page honored his own birthday with a generous $1,000 donation to the Lincoln Rotary Club Foundation in recognition of the good work LRCF does.Thank you Ed.  That gave him the pleasure of ringing the Rotary Bell 10 times.  Even though he turned 94, he was able to make all ten rings!   Alan got to ring the bell once for his $100 donation in honor of his anniversary.

Our speaker, Mark Brueng, gave us much good advice on Estate Planning.  Mark became a lawyer in Estate Planning/Administration after seeing the problems arise within his own family when his father developed Alzheimers and they needed to protect family assets. He decided to help other families and set up office across fifth street in an original Gladding McBean building two years ago.  Only financial assets less than $50k, and real estate less than $150k are exempt from Medical take-back.  And, it may take 6 to 9 months after a death to get access to any assets.  Probate is a deliberately slow process and can cost up to 8% of the gross estate value (4% of that goes to the probate attorney).  An Estate Plan should include a Trust, Pourover Will, Power of Attorney, and a Health Care Directive.  A basic plan costs ~$1,800.