Estate
Planning
Planning
Two legal documents that spell out who receives your property after you die.
What is a Will and/or a Trust?
Gift made through a Will.
What is a Bequest?
Spreading investment strategically among stocks, bonds, and cash.
What is Asset Allocation?
The Emotion that causes Investors to sell in down markets.
What is Fear?
The highest level of care available at Covenant Living Golden Valley.
What is Skilled Nursing?
The legal name for the person that establishes their trust?
What is the Grantor?
What donors create through planned gifts.
What is a Legacy?
An investors willingness & ability to tolerate fluctuations in their portfolio value.
What is Risk Tolerance?
The type of behavior when investors are following the crowd.
What is Herd behavior?
Name of sister senior living facility located in Windom Park area of Minneapolis.
What is Bethany Covenant Village?
This person, named in a will, is responsible for carrying out its instructions and settling the estate.
What is an Executor or Personal Representative?
A smart way to give to charity after you turn 70 1/2 years old.
What is a Qualified Charitable Distribution (QCD)?
Spreading investments across different asset classes to reduce risk.
What is Diversification?
The belief that you can predict market outcomes perfectly.
What is Overconfidence?
"Rabbi" Paul Swanson's favorite Author.
What is C.S. Lewis?
The only tool that can be used both while you are alive and after you are dead.
What is a Revocable Living Trust?
A charity pays YOU income for life with this arrangement.
What is a charitable gift annuity?
Taking no chances: This strategic asset allocation model includes the most fixed income
What is a Conservative Model?
Financial Planning helps manage this Behavior.
What are Emotions?
The campus that David Erickson, CEO of Covenant Living Communities, first worked at.
What is Covenant Living Golden Valley?
When a property or security receives a basis equal to Fair Market Value at the date of death.
What is stepped-up basis?
A donor can open this and recommend grants to their favorite US-based charities.
What is a Donor Advised Fund (DAF)?
This debt obligation is issued by a national government to support government spending
What is a government bond?
Investing a fixed amount regularly regardless of market conditions.
What is Dollar-Cost Averaging?
The number of Continuing Care Retirement Community (CCRC) in the Metro Area.
What is 3? (Covenant Living, Trillium Woods, & Friendship Village)