Estate Planning
The court process used to validate your Will?
What is Probate
What is the fund called that is meant to help residents when they outlive their resources?
What is the Benevolent Care Fund?
This type of retirement account allows you to make contributions with after-tax dollars, but withdrawals in retirement are tax-free.
What is a Roth IRA?
This concept refers to the increasing cost of goods and services over time.
What is inflation?
The previous name for Covenant Living Golden Valley?
What is Colonial Village?
The legal name for the person that establishes their trust?
What is the Grantor?
Your heirs pay the highest tax when inheriting THIS retirement account.
What is an IRA?
The risk of outliving your financial resources during your retirement.
What is Longevity Risk?
A pool of money from shareholders that is invested in a collection of assets like stocks and/or bonds and managed by a portfolio manager.
What is a mutual fund?
The standard in which Covenant Trust has the legal duty to act in the best interest of its clients.
What is a Fiduciary?
If the trustee is no longer able to act, whom should be appointed to replace the trustee?
What is Successor Trustee
The age that you can start giving a Qualified Charitable Distribution (QCD) from an IRA.
What is 70 1/2?
This strategy converts a tax-deferred IRA into a tax free account, triggering taxes today.
What is Roth Conversion?
When a company first goes public they offer this.
What is IPO - Initial Public Offering?
The year that Minnehaha Academy opened for it's first class of students.
What is 1913?
The document that gives someone the authority to make decisions for someone else.
What is a power of attorney?
A charity pays YOU income for life with this arrangement.
What is a charitable gift annuity?
These required withdrawals must begin at age 73?
What are Required Minimum Distributions (RMDs)?
What you earn from stock and it's normally paid quarterly?
What are Dividends?
A former Covenant Trust advisor and current resident of Covenant Living Golden Valley.
Who is Phil Carlson?
What is the term for dying without a will
What is intestate
This type of account lets give to charities over time and give you an immediate tax deduction.
What is a Donor Advised Fund (DAF)?
The only tool that can be used both while you are alive and after you are dead.
What is a Revocable Living Trust?
This is what a bond will be worth on its maturity date.
What is Face Value?
How much money does Covenant Trust Manage?
What is over $2.3 Billion