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Avraham "AY" Rappaport, CLTC
President, Financial Professional
Yaniv "Jay" Natanov
President, Financial Planner
Eli Rappaport
Vice President, Financial Planner
Shlomo Rosenstein
Financial Professional
Ozzie Marizan
Financial Planner
Joseph Greer
Employee Benefits Administrator
Dylan Pinsky
Client Relations Manager
Premier Financial
6395 Dobbin Road, Suite 102
Columbia, MD 21045
Phone: 240-309-6001
Email: dylan.pinsky@prudential.com
Website: premierfinancial1.com
May/June 2023
Estate Planning for the Younger Crowd
In your 20s or 30s, you’re probably focused on building your career and enjoying your current lifestyle. So, you may not have given a lot of thought to estate planning. However, creating a basic estate plan may help protect you if the unforeseen happens.
A Will
A will specifies how you want your property distributed and names an executor or personal representative to carry out your wishes. Property can include digital assets, such as photos, online/social media accounts, important documents, passwords, etc., and you can specify who can access which accounts and what should be done with them. You can also name a guardian in your will for any minor children you have.Living Will and Health Care Power of Attorney
A living will, or medical directive, specifies what lifesaving medical treatment you would or would not want in the event you’re incapacitated and cannot speak for yourself. A health care power of attorney names someone you trust as your advocate to make medical decisions for you if you can’t make them yourself.Durable Power of Attorney for Finances
This document authorizes someone to act on your behalf in financial matters if you’re unable to attend to them yourself. A durable power of attorney goes into effect only if you become incapacitated.Term Insurance for Student Loans
Federal student loans and Parent PLUS loans are automatically discharged if the borrower dies while the loans are outstanding. But, if a parent, spouse or someone else cosigned for a loan from a private lender, such as a financial institution, the death of the borrower could cause the lender to require repayment from the cosigner. A term life insurance policy with a benefit in the amount of the outstanding loan could protect cosigners by providing the cash needed for repayment.Caring for Pets
For most pet owners, pets are members of the family. Adding a pet guardianship clause to your will can ensure that your pet(s) is cared for by a friend or family member. Funding a pet trust to pay for food, veterinary care and other expenses and selecting a trustee to manage the funds can ensure your pet receives lifelong care.1056787-00002-00
Premier Financial is not affiliated with Prudential Financial. Premier Financial sells insurance products of Prudential Financial's affiliated insurance companies in addition to products of non-affiliated insurance companies. Premier Financial is authorized to sell and service certain insurance products of Prudential Financial companies as well as use this material. Premier Financial and its representatives do not give tax or legal advice. Please consult with your own advisors regarding your particular situation. Offering financial planning and investment advisory services and programs through Pruco Securities, LLC (Pruco), under the marketing name Prudential Financial Planning Services (PFPS), pursuant to a separate client agreement. Offering insurance and securities products and services as a registered representative of Pruco, and an agent of issuing insurance companies. 1-800-778-2255. Dylan Pinsky is employed by Eli Rappaport and not The Prudential Insurance Company of America or its subsidiaries.
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