Looking to get your affairs in order? This spring, University of Redlands is launching Money Matters, a series of workshops focused on financial literacy and wellness. Professionals from the world of financial and estate planning will share their expertise and perspectives on planning for your and your family’s future. The goal of the series is to empower you with the tools and information you need to create and maintain your plan.
The Money Matters workshops will be offered online, so you can take part in the comfort of your own home or office. The spring series will take place on three Tuesdays in March, and each session will be one hour long, from 12:00 to 1:00 p.m. See the full slate below. Attendees will be able to register for events individually, or the whole series, using the link above. Admission is FREE.
Busting the Myths about Estate Planning
A common misconception about estate planning is that it’s all about deciding who gets your things after you’re gone. But a good estate plan actually accomplishes much more – starting during your lifetime. In this session, attorney Kathleen Albrektson will walk us through the essential components of a plan, addressing questions like: What are the benefits of a trust versus a will? What should happen when you can’t make decisions for yourself? And are there special considerations you need to make in providing for your loved ones?
ABOUT THE SPEAKER: Kathleen Albrektson has been in private practice since 1994 and is the founding partner of Albrektson & Shumate Law Office, based in Redlands. Her practice emphasizes estate planning and administration. A graduate of Duke University, Kathleen earned her JD at the University of La Verne College of Law. She has served on the board of many community organizations, including Family Service Association of Redlands and Plymouth Village Continuing Care Community.
Making a Plan for Your Retirement & Legacy
How do you plan for the next 20-40 years of your life? How do Social Security and Medicare work? What are the biggest risks you face? Financial advisor Kit Mac Nee will cover how to plan for your future, healthcare costs, and essential records to keep. We will discuss being intentional with your beneficiary designations on retirement plans and insurance policies. The discussion will include starting the conversation on the topic: What is the legacy you want to leave to your heirs and the causes you support?
ABOUT THE SPEAKER: Mary “Kit” Mac Nee has been a financial advisor with Morgan Stanley since 2013 and previously worked at Merrill Lynch Wealth Management for eight years. Kit earned her BSB in Finance & Management from the University of Minnesota and completed the Advanced Management Program at the UCR Anderson Graduate School of Management. In addition to her volunteer work, Kit is also the proud mom of three U of R alumni: Megan ’09, Danielle ’11, and James ’14.
Doing Well by Doing Good: Charitable Planning Options
Did you know you can provide for yourself and your loved ones while making a positive impact in the world? In this session, we’ll cover charitable options that can help you to accomplish your financial and estate planning goals, with tax benefits. We’ll learn about arrangements that can pay an income stream to you or your family, boosting your retirement cushion or providing a lasting inheritance to your heirs. We’ll look at tax-smart alternatives to a rental property, a 1031 exchange, and a reverse mortgage. In addition, charitable vehicles can help you to create a meaningful legacy beyond your lifetime.
ABOUT THE SPEAKERS
Michelle C. Herting, CPA, ABV, AEP has over two decades helping clients in tax planning, business valuation, and trust administration. Michelle earned a BA at UC Riverside before completing extensive graduate studies in taxation, auditing and accounting at UCLA and Cal State San Bernardino. She is active in several professional and community organizations, including the Riverside Estate Planning Council, AICPA, and the California Society of CPAs.
Tony Truong, CSPG joined University of Redlands as Assistant VP for Advancement in 2020. He previously served at St. Jude Medical Center and UC Riverside. Tony earned his BS from the University of Texas at Austin and completed studies for the Certified Specialist in Planned Giving (CSPG) designation at the American Institute for Philanthropic Studies at Cal State Long Beach. He is past president of Charitable Gift Planners of Inland Southern California.