DuPont Wealth - July 2018


To many people, summer is all about heading outside to enjoy the weather. But getting too much sun can be dangerous. To have a fun- filled summer with your family this year, remember that it’s essential to protect yourself from harmful UV rays. COVER UP Covering your skin is one of the best ways to avoid skin damage. Wide- brimmed hats, long-sleeved shirts, and long pants or skirts can protect your skin from direct exposure to UV rays. While this tactic protects you from the sun, it offers poor defense against the heat. So, if you opt for cooler attire, it’s important to cover all exposed skin with a copious amount of sunscreen. Be sure to reapply every two hours for maximum skin protection. SPEND LESS TIME IN THE SUN If you’re planning to spend a significant amount of time in the sun, consider your environment. Will there be plenty of shade? Will you have to bring your own? What’s the best way to step out of the sun for a few minutes? Wearing sunscreen and protective clothing are great ways to shield yourself from UV rays, but it’s important to avoid being in

direct sunlight for long periods. Taking a break from the sun gives your body the time it needs to recuperate and helps prevent sunburn and heatstroke. COMMON MYTHS ABOUT SUN EXPOSURE Many people think that a tan is better than a sunburn, but the result of tanning is still sun damage. When your skin tone changes due to the sun, regardless of whether it tans or turns red, it’s a result of the epidermis reacting to damage caused by UV rays. Both are symptoms of harmed skin. While vitamin D is important, the sun does not contribute to its creation as much as you might think. Doris Day, a NewYork City dermatologist, explains that if your skin were to constantly produce vitamin D from being in the sun, it would reach toxic levels. Vitamin D is the only vitamin that your body can produce on its own, through a common form of cholesterol or 7-dehydrocholesterol. Spending time in the sun does help vitamin D form, but you need far less exposure than you think.

Knowing how to protect yourself from UV rays is the first step to having a safe, fun-filled summer!


Know Your ABCs

ARCHIVE To ensure your estate wishes are carried out, you need to have a clear written record of your wishes. This is why a will is the basis of all estate plans. Ensuring that your wishes are well-documented, precise, and thorough will guarantee that your beneficiaries receive what you intend. This key stage in the process is where having an estate planning professional on your side can make all the difference. They will listen to your goals, help you plan, and ask questions you may not have known to consider. inheritance? Would you want your children’s spouses included in your estate? If your estate was affected by a divorce or the death of a child, how might your wishes for the distribution of your assets change? Having a clear answer to these delicate questions, archived in writing, is essential to create a strong will. For instance, would your minor children or grandchildren be able to manage an

BEQUEATH Of course, you can’t plan your estate without knowing whom it is going to pass to. You should name the beneficiary or beneficiaries of your insurance policies, retirement accounts, and any other assets. Contingent beneficiaries should be set up in the event of any complications. Most importantly, you need to name an executor to oversee the fulfilment of these wishes. CALCULATE Once the basic outline of your will is in place, you need to calculate the possible impact of estate taxes on your assets. Depending on the dollar value of your assets and your relationship to the beneficiaries, taxes can impact your estate plan. Certain tools can be used to fund the payment of estate taxes, such as life insurance policies and trusts. To find the option that suits your estate and your will, it’s best to seek the guidance of a qualified tax and legal professional. Call us today to get answers to your estate planning questions.

Estate planning is one of those steps in life everyone feels they “should” get a head start on, but few people get around to it. Part of the problem is that many folks don’t know where to begin and what factors to consider. So our estate planning professionals have broken down the basic ABCs for crafting a plan that ensures your last wishes are met.

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