First Citizens Hosts Smart Women Event on Estate Planning
This article is republished with the permission of the State Gazette and Rachel Townsend.
Thursday, February 28, 2019
First Citizens National Bank hosted a Smart Women event focusing on estate planning Thursday evening at Dyersburg State Community College. Pictured below, Dr. Karen Bowyer, president of DSCC, opened the program with a few words regarding the college’s programs and partnership with Smart Women.
First Citizens National Bank welcomed Senior Trust Officer Andrew Carter as the guest
speaker for its latest Smart Women event, held at the Dyersburg State Community
College Student Center.
First Citizens National Bank COO and President Judy Long welcomed all in attendance at the first Smart Women event to be hosted this year.
Throughout the hour-long seminar, Carter discussed important key factors in understanding estate planning, touching on issues including power of attorney, living wills, advanced directives, last wills and testaments and living trusts.
When placing someone in charge of your affairs, Carter says it’s important to know what documents should be put into place, and what powers are to be granted, both limited and unlimited.
While you may want to consult an attorney regarding your living will, Carter says those who prefer not to involve an attorney may download a free living will declaration online at: https://eforms.com/living-will/tennessee-living-will-declaration-form/.
A program regarding estate planning was presented by First Citizens National Bank Senior Trust Officer Andrew Carter.
The living will allows a person to choose their last wishes such as medical care, pain management, hospice care, burial arrangements, donating organs, being placed on life support or opting for feeding tubes. The living will should be notarized with two witnesses present during the signing.
Carter shared four ways assets pass at death:
In closing, Carter encouraged everyone in attendance to take charge of their estate, assigning a fiduciary, either corporate or individual, to oversee the correct allocation of their estate, controlling assets the way they intended.