EPQ Test

What's Your EPQ (Estate Planning Quotient)?

1) If you die without a will or living trust, who decides what happens to your money?

a) The U.S. government

b) Your state government

c) Your oldest relative

2) A living trust can save estate taxes that a will cannot.

a) True

b) False

3) Life insurance and retirement plans should be considered as part of your estate plan.

a) True

b) False

4) Can Five Acres benefit from your good intentions if you die before making a will or living trust that includes Five Acres as a beneficiary?

a) Yes

b) No

For more information about planned giving, please contact Cathy Clement, Director of Philanthropy, at (626) 798-.6793, Ext. 2251 or email her at: This e-mail address is being protected from spambots. You need JavaScript enabled to view it . Results of the E.P.Q. test are:

Answers

1) b. State law determines who inherits through the law of intestacy.

2) b. False. Both a will and a living trust can save taxes. A living trust also allows your estate to avoid probate, which can be costly. A living trust provides other benefits but not necessarily tax savings.

3) a. True These are ideal means for providing charitable gifts with significant tax savings.

4) b. No. That's why it's important to act on your intentions now.

A Place in My Heart

Ed Pittroff's Story:

He’s the kind of volunteer most organizations pursue, the kind that stay committed long after their days of active participation.

Ed Pittroff’s first connection to Five Acres was at the opening of Beckham’s Place in the late 1970s. It was a fund-raiser for Five Acres, and Ed’s friend and Five Acres board president, Frank Hardcastle, invited Ed and then recruited him for the board of directors. Ed served two terms on the board for a total of 12 years, was honored twice both as the Volunteer of the Year and with the Special Recognition award, stayed on as a member of the finance committee for many years after that and is one of the original Ambassadors.

Through the family business, Login Printing, Ed and his son, Jim, took on all of Five Acres’ printing and helped create the format of this newsletter and the professional appearance of our annual reports. Ed’s wife, Maxine, recruited fellow members of the Sierra Madre Doll Club to create outfits for dolls as gifts to Five Acres girls. Ed’s sister, Margaret Milligan, a philanthropist living in Oklahoma, shared Ed’s concern for children in need and made very generous grants through her foundation for many years.

Ed is deeply involved in organizations in addition to Five Acres such as the Tournament of Roses, the Pasadena Elks, the Pasadena University Club and USC – even though he graduated from the University of New Mexico. His support for Five Acres over 30 years, however, has never wavered.

“There is a need for Five Acres in our society because the need to take care of disadvantaged kids has grown greater. I still have a soft place in my heart for Five Acres.”

For information about ways to help Five Acres’ children and families in your estate plan, please call Cathy Clement at 626.798.6793, extension 2251 or email her at cclement@5acres.org.