Sheppard Law Firm - May 2024

Effortless Eating Upgrade Your Culinary Skills With 3 Kitchen Hacks Navigating the kitchen can often feel like a juggling act, but with a solution. Buying deli containers in bulk saves you money and time. The lids are interchangeable, making a harmonious storage system that’s easy to organize. You’ll be able to find and fit them easily,

few clever hacks, you can transform mundane tasks into efficient and enjoyable activities. Here are three game- changing tips that will make your

cutting out a chunk of time in your kitchen. NO. 3: PARCHMENT PAPER CLEANING

Cooking can be a joy, but nobody enjoys cleaning up. Before starting a messy task, lay down a sheet of parchment paper on your cutting board or countertop. This simple trick not only protects your surfaces but also streamlines the post-cooking cleanup process. Any spills, shreds, or crumbs can be easily gathered and discarded in the paper, leaving your kitchen looking as good as new as soon as it’s thrown away. It’s a small adjustment that can make a significant difference in your overall experience. By implementing these simple hacks, you’re not just streamlining your tasks; you’re elevating the joy of cooking. Armed with these new tricks, step into your kitchen with new confidence and mastery to turn everyday cooking into an efficient yet imaginative experience.

time in the kitchen a breeze.

NO. 1: EASY SHREDDING Shredding meats for soups, lunches, or snacks can be a time- consuming affair, but a simple hack can turn it into a hassle-free endeavor. Using a stand or hand mixer will get this job done quickly as it shreds meat for you, saving you time and effort. This hack is particularly handy for recipes that call for pulled pork, chicken, or beef, allowing you to enjoy deliciously shredded proteins without manual labor. NO. 2: DELI CONTAINER STORAGE Say goodbye to mismatched Tupperware containers or losing the lid that goes with them. Say hello to an organized and cost-effective

q u e n c e s T r u s t Yo u r E s t

When a plan you have in place does not work out, it is easy to panic, but staying calm and reaching out for help is essential. For example, “Sarah” had a will that left a $50,000 specific bequest of cash to each of her five grandchildren, while the rest, including her residence, was to be distributed to her two daughters. At her passing, she owned her Florida homestead, a $90,000 investment account, a $10,000 checking account, and an IRA account of $1.2 million. Her two daughters were also the IRA beneficiaries. What of the $1.2 million IRA? That account has a beneficiary designation, so it is not subject to distribution under the terms of Sarah’s will. This leaves her $90,000 investment account and a $10,000 checking account. Assuming, for a moment, no creditors, taxes, or administration expenses have claim on Sarah’s estate, then this $100,000 would be apportioned among the five grandchildren, each receiving $20,000 instead of the $50,000 promised under the will.

The same problem may arise when you have “Pay on Death” or “Transfer on Death” accounts. Assume that Sarah titled her investment and checking accounts “Pay on Death” to her daughter, Jane. Even if Sarah named Jane as her representative (executor), the pay-on-death designation would usually result in Jane inheriting the accounts. Jane would not distribute those accounts in her role as a personal representative under the will. It doesn’t matter what Sarah has in the will, as her account would pass outside the will. In this

income, resulting in the payment of income tax. The annuity contract should be carefully examined as well. If a person is not named as the contingent annuitant, then it’s possible the annuity company will make a complete distribution upon the original annuitant’s death. This could result in a significant distribution that triggers a hefty income tax. This is all to highlight why you should have your estate planning attorney involved in creating your will and trust and helping you properly title your various bank, investment, and brokerage accounts. They should also confirm the appropriate

example, the grandchildren would inherit nothing. Jane’s sister would

beneficiaries of your IRA, 401(k), life insurance, and annuities. As you can see from this example, a coordinated, thoughtful review by a qualified professional could head off unintended consequences.

also not receive any interest in the accounts, even though she was to share equally with Jane under the terms of the will. Distributions from annuities usually carry with them some amount of ordinary

2 floridaestateplanning.com

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