Page 9 - Hobe Sound Reflections - August '24

Hobe Sound, Page 9

Honoring

Treasure Coast Hospice their work has special meaning. Rankings are based on of employees said they “feel welcomed” upon joining
According to the 2024 survey results, 98 percent
employees’ experiences, no matter who they are or what
Celebrates Great Place To they do. the team and 96 percent responded that their “work has
“Being recognized as a Great Place to Work for
Work Certification the fifth consecutive year is an incredible honor,” said special meaning.” Other reasons Treasure Coast Hospice
was chosen as a top place to work were because staff
Treasure Coast Hospice President and CEO Jackie rate the service delivered as excellent, are proud to tell
Recognition Marks Fifth Year In A Row Kendrick, CHPCA. “This achievement is a testament to others where they work and feel good about the ways the
our team’s commitment to our mission, our patients and organization contributes to the community.
For the fifth consecutive year, Great Place to Work families, and each other, and it underscores the importance “We applaud Treasure Coast Hospice for seeking
Institute and its senior care partner Activated Insights have Treasure Coast Hospice places on fostering a supportive certification and publicly sharing its employees’
recognized Treasure Coast Hospice with certification as and collaborative environment for our staff.” feedback,” said Dr. Jacquelyn Kung of Great Place to
a Great Place to Work. The certification process involved The recognition marks the fifth year in a row that Work’s senior care partner Activated Insights. “These
surveying 100 percent of employees from across the Treasure Coast Hospice has been certified as a Great ratings measure its capacity to earn its own employees’
organization and evaluating more than 60 elements of Place to Work. This year, 92 percent of staff members trust and create a great workplace for high performance.”
team members’ experience on the job. These included responding to the survey said that it is a great place to
employee pride in the organization’s community impact, work compared to 57 percent of employees at a typical
belief that their work makes a difference and feeling U.S.-based company.

FInancIal Focus

Whom Should You Choose As protects the assets in the trust from creditors and civil or a financial professional — but they should be skilled
judgments, but if you serve as trustee, this protection will
at managing their own finances. And they should be well-
A Trustee? disappear. It might be more advantageous for you to be the organized and good with details.
trustee of a revocable (living) trust, which can be modified • Mental and physical fitness – Your trustee could serve
By Sally Sima Stahl without much trouble and allows you to move assets in in that position for many years, so you’ll want to name
When drawing up your and out of the trust and to change trust beneficiaries. You someone who is in good physical and mental health. Of
estate plans, you might should work with a qualified estate-planning attorney to course, things can change over time, so if you observe
find it useful to create a determine which type of trust, if any, is appropriate for that your chosen trustee has begun to suffer physical or
revocable or irrevocable your situation, and to get some guidance on the wisdom mental decline, you may need to name a successor trustee
trust, either of which can of serving as your own trustee. in your trust document.
help your estate avoid If you decide to choose someone else as trustee, you’ll • Conflict of interest – You want your trustee to carry
probate court and give you want to consider the following factors: out your wishes in a fair manner — so, you should pick
significant control over how • Trust – In thinking about whom you might want someone who doesn’t have a conflict of interest with
and when your assets are to serve as your trustee, the most important attribute is any of the beneficiaries you’ve named in your trust. Of
distributed. But who should trust. Do you trust that this individual will always act course, this can be tricky if you want to name a family
oversee your trust? in your best interest? If so, then they may be a good member as trustee. So, if you do, you’ll need to spell out
As the person who established the trust — known as trustee candidate, but you’ll also need to look at other your wishes clearly — to the trustee and to other family
the “grantor” or “settlor” — you can also name yourself considerations. members.
as trustee. However, this may not be the best move, • Financial management skills – The person you Here’s something else to think about: Instead of
particularly if the trust is irrevocable. An irrevocable trust choose to be your trustee doesn’t have to be an accountant choosing an individual, you could name a corporate
trustee. By doing so, you can receive some key benefits,
such as objectivity and potentially avoiding some of the
family-related disputes that can arise when an estate is
settled. Also, corporate trustees have the expertise and
resources to navigate the various tax and inheritance laws
affecting living trusts.
Whether it’s a trusted individual or a corporate
entity, the right trustee can make a big difference in the
effectiveness of your living trust — and, by extension,
the outcome of your comprehensive estate plans. So,
start your search, get the help you need and take the steps
necessary to arrive at a choice for trustee that’s right for
you and your family.
This article was written by Edward Jones for use by
your local Edward Jones Financial Advisor, Edward
Jones, Member SIPC.
Edward Jones is a licensed insurance producer in
all states and Washington, D.C., through Edward D.
Jones & Co., L.P., and in California, New Mexico and
Massachusetts through Edward Jones Insurance Agency
of California, L.L.C.; Edward Jones Insurance Agency of
New Mexico, L.L.C.; and Edward Jones Insurance Agency
of Massachusetts, L.L.C.
Edward Jones, its employees and financial advisors
cannot provide tax advice. You should consult your
qualified tax advisor regarding your situation.
Contact us at (561) 748-7600, Sally Sima Stahl, CFP ,
®
AAMS , 1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
™