Princess Anne Alumnae Hosts Estate Planning workshop 

Submitted by Kyra Purvis

Estate Planning is a necessary step to protect you, your family and your assets. The Princess Anne Alumnae Chapter’s Economic Development committee saw a need to educate the community on a topic that is not talked about enough, especially in the Black community. Estate planning tasks include making a will, setting up trusts, making charitable donations to limit estate taxes, naming an executor and beneficiaries, and setting up funeral arrangements. Although a hard topic to discuss, these sessions are essential to making sure a family is prepared for the worst.

During the three-session series, participants were introduced to a panel of estate planning professionals including K. Lynn Carter from Carter Law Firm, Marianna Batie from the Law Office of Marianna Batie, and Derrick Elzey from State Farm Insurance. Each panelist shared comprehensive information and strategies for effective estate planning. Each participant had one-on-one opportunities with experts to ask questions specific to their life and experiences. Everyone who participated left with valuable resources to help them develop their estate plan including an estate planning checklist.

These sessions were noticed by media outlets locally. PAAC Economic Development Committee Co-Chairs were interviewed by Live 97.5 WKTT and ‘Good Morning 90.3 FM WDIH about the sessions and its impact. “Estate planning is an essential element of financial planning. It is a proactive strategy to ensure that families are taken care of after a loved one’s passing and their wishes are followed. Offering this series on the Lower Shore of Maryland, has allowed the chapter to network with qualified professionals to assist families with estate planning, inform the community of the process of estate planning and provide actionable tips to make the process manageable. 

“I believe that financial planning through estate planning is an act of love that you can give to your family and it will last long beyond your physical presence,” Chapter President Dr. Kimberly Purvis said.

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