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TRUMP UNIVERSITY WEALTH BUILDING 101

physician for your file, and also provide one to a hospital or medical center

before any type of surgery or treatment.
A simple, commonsense way to make sure your wishes are followed is to
share your wishes with loved ones. I don’t mean telling them the specifi cs, but
letting them know that you have a plan in place, and the name of your estate
planner, is a must. Also list and describe all items of value, including those
relating to family history, and any liquid assets, such as cash or bearer bonds.
It’s great to hide “mad money” in a secret compartment of a desk or dresser,
but if those assets are sold or destroyed after your passing, that “mad money”
will never benefi t anyone.
To summarize: Everyone needs an estate plan. Put the plan in place, and
then move your assets into that plan. Your plan may be as simple as a Revoca-
ble Living Trust, or it may be designed with all the additional benefi ts and
complexities of CRTs, ILITs, gifting, or a spendthrift trust because of your
individual goals and needs. By establishing an estate plan, you take advantage
of the law to provide for and care for your loved ones after you pass. You cre-
ate a legacy that will continue for generations to come, through the assets you
leave behind.
Think about it. Estate planning is really one of the most empowering
steps you can take to secure wealth now and for years to come. That can’t
happen if you don’t take action.
As Ben Franklin said, “Those who fail to plan, plan to fail.” Decide to
start planning your estate now. It will make a big difference, in your life and
the lives of those you love.

For More Information

Visit these federal agency web sites ( www.mymoney.gov and www.pueblo.
gsa.gov ).
Also, check out the American Association of the Retired Persons ( www.
aarp.org ), and the Social Security Administration ( www.ssa.gov ).

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