Library seminar will help with legalities of retirement
By Susan Greenwood www.naperville-lib.org February 6, 2013 2:50PM
David J. Boone is an attorney with 23 years of experience in estate and retirement planning. | Submitted
Updated: March 9, 2013 6:16AM
What are the five legal documents you need before you retire? How do you reduce attorney fees? How can you avoid costly mistakes? You can get answers to these questions and many others during a legal checkup seminar at 7 p.m. Tuesday, Feb. 19, in the community room of Nichols Library, 200 W. Jefferson Ave.
Presenter David J. Boone will offer practical advice on a topic that is often considered complicated and confusing. An attorney with 23 years of experience in estate and retirement planning, Boone acknowledges that this type of planning does take work. But he notes that documents like powers of attorney for financial and medical affairs are a good place to start.
“Everyone needs a living will or power of attorney for health care,” he says. “Then there is the power of attorney for property or financial affairs.”
Another area Boone will address is protecting assets and avoiding probate.
“Even though I’m an attorney, I try and help people avoid the expensive and lengthy process of probate that can cost $7 to $15,000 and more than 18 months.”
Getting your affairs in order might require the services of a financial planner and accountant, Boone explains “because so many of the areas overlap.”
Other topics Boone will discuss include effectively distributing your estate to your heirs, and the need for a personal plan that includes the challenges of longevity, Social Security, inflation and health care.
This program is part of Healthy, Wealthy & Wise, a 12-month community-wide initiative educating Naperville on how to develop and sustain a healthy physical and financial lifestyle. For more information about Healthy, Wealthy & Wise, visit www.naperville-lib.org/node/3619.
Susan Greenwood is the community relations coordinator at the Naperville Public Library. Contact her at 630-961-4100, ext. 2223, or firstname.lastname@example.org.