Estate Planning By The Numbers
Amount of days does it take for a Power of Attorney to go into effect
0 Days
Document that says who is in charge of making medical decisions and someone's preferences for their care
Health Care Directive/Living Will/Power of Attorney for Healthcare Decisions
Minnesota Legend who did not have any estate plan at all
Prince
Creation of Wills, Trust, Power of Attorneys, and Health Care Directives.
Estate Planning
My Middle Initial
A. (Bonus 500 points if anyone knows my middle name)
Years that Department of Human Services looks back to see if any uncompensated transfers or gifts are made once you apply for Medical Assistance
5 Year Look Back Period
Deed that transfers property to beneficiaries or a trust upon someone's passing
Transfer on Death Deed
Leona Helmsley had a $5 billion estate in which she infamously gave $12 million to this important figure in her life
Her Dog (named Trouble)
Navigating the court process to get assets out of someone's name to the people in their lives' names
Probate Law
My Alma Mater for Undergrad
University of Wisconsin-Madison
Amount of Minnesota Estate Tax Exemption
$3 Million
Type of Trust that can be changed during your lifetime
Revocable Trust
This LA Laker legend did not include his youngest daughter in his estate plan as she was born after he last made an update to his plan
Kobe Bryant
Preparing people for long term care and the government programs associated with it
Elder Law
My Alma Mater for Law School
Elon University (No relation to Musk)
Amount of Federal Estate Tax Exemption
$13.99 Million
Type of Trust you cannot change after you set it up
Irrevocable Trust
This longtime CNN host attempted to write a three sentence handwritten Will that lead to a complicated administration
Larry King
Assisting in the legal process and insurance handling once someone is harmed by another
Personal Injury Law
Favorite NFL Team
Denver Broncos
Amount of assets without any form to transfer upon death (i.e. beneficiary designation) you can have before the probate process is triggered
$75,000
Type of Trust where assets are held on behalf of someone else as to not interfere with their government benefits
Supplemental/Special Needs Trust
Founding member of the Grateful Dead appointed his 3rd wife in charge of his estate who promptly stopped the alimony payments to his second wife
Jerry Garcia
Navigating the complexities and nuances of union contracts and workplace injuries as it relates to interstate track based travel
Railroad Law
My favorite number (closest gets the points)
37