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Insider
January/February  Calendar of Events
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FreedomYears
A Majestic Mystery Get-a-way
Lighthouses of the Mid-Atlantic
Northern California Escape
Look Inside..
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Cleveland Cavaliers Game
Monday, January 19 • Cavs vs. Bulls • $135 per person
Seating: Section 117, Rows 7-12
We’ve purchased 30 more Cleveland Cavaliers tickets for this
exciting game! Motor coach transportation is included from
Mansfield.
CSI Freedom Years Style
March 26 • London & Columbus Ohio • $62 per person
Join Freedom Years as we travel to London, Ohio and take a
guided tour of the Bureau of Criminal Investigation’s laboratory.
We’ll see how real forensic specialists use Ohio’s cutting-edge
technology to help fight the bad guys. Following our guided tour,
we’ll enjoy an included lunch before picking up our guide and
having a fun time learning about “The Great Escape” and many
more interesting stories of Ohio’s past.
Vera Bradley Outlet Sale
Purses, Patterns, and Totes…OH MY!! • Fort Wayne, Indiana • April 8 - 9
It’s that time of year again! Thousands of ladies will gather their shopping lists and head to the largest outlet
sale for Vera Bradley’s beautifully designed and very popular items. If you’ve never experienced this one of a
kind event, this is your chance to getaway on a tour designed for ladies that just want to have fun!
Vacation highlights:
• Round-trip deluxe motor coach transportation
• 1-night accommodation in Fort Wayne, Indiana
• Breakfast
• Dinner at a local restaurant
• Shopping time at either Jefferson Pointe Mall or Glenbrook Square in Fort Wayne
• Timed group entrance for Vera Bradley Outlet Sale: includes special VIP group entrance, check out, and
waiting area
Price per person: A deposit of $50 per person due with reservations. $309 double occupancy, $379 single occupancy.
Final payment due: 3/2
Call or email us! 419.525.8742 • [email protected]
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Meet Me in St. Louis
April 14 -17 • Featuring: St. Louis and Hannibal Missouri
Vacation highlights:
• Deluxe motor coach transportation
• 2-nights accommodations in downtown St. Louis
• 1-night accommodation in Hannibal
• 3 breakfasts, 1 lunch, and 3 dinners
• Sightseeing tour with local guide of St. Louis including the
Gateway Arch, Anheuser Bush stables, and the Cathedral Basilica
Sightseeing Tour with local guide of Hannibal including Mark
Twain Museum, Riverboat Cruise, and Rockcliffe Mansion
• Visit to Planer’s Barn Theater for performance by Richard Garey as
Mark Twain
• All luggage handling
• Gratuities for driver, hotel porters and guides
• All taxes on included features
Price per person: A deposit of $300 per person due with reservation. Optional
insurance available. $799 double occupancy, optional insurance $98,
$969 single occupancy, optional insurance $110
Final payment due: 2/1
Lighthouses of the
Mid-Atlantic
Featuring Ocean City, Baltimore and Virginia Beach
May 5 -11
Vacation highlights:
• Deluxe motor coach transportation
• 2-nights accommodations in Baltimore, MD
• 1-night accommodation in Ocean City, MD
• 3-nights accommodations in Virginia Beach, VA
• Deluxe continental breakfast daily
• 6 dinners and 1 lunch, including a Maryland Crab Feast
• Visits to many historic lighthouses along the way
• Visits to Fort McHenry, the Naval Academy, Chesapeake Bay Maritime
Museum, Ward Museum of Wildfowl Art, the Wright Brothers National
Memorial, and the Norfolk Naval Station
• Scenic Annapolis lunch cruise
• Scenic wild pony viewing cruise onboard Assateague Explorer
• Visit to Outerbanks, NC and tour of Whalehead Club
• Visit to winery with tasting
Price per person: A deposit of $300 per person and the optional insurance premium
are due with reservation. $1,799 double occupancy, $2,149 single occupancy.
Final payment due: 3/2
Northern
California Escape
Featuring...Sacramento, Napa Valley,
San Francisco, and Lake Tahoe
April 23 - 30
Trip highlights include:
• Round-trip airfare
• Deluxe motor coach transportation in
California
• 7-nights hotel accommodations at
Embassy Suites Sacramento
Riverfront Promenade
• Full breakfast daily
• Daily manager’s reception at hotel
• 3 lunches including gourmet luncheon
on Napa Valley Wine Train, 3 dinners
• Sacramento “River City” tour including
California State Capitol Building
& Casa Gardens
• San Francisco city tour
• Visit to California State Railroad Museum
in Old Sacramento
• Tour to Angel Island with optional tram
tour and bicycling tour available
• Tour to Gold Discovery Sites in Colomo
and Placerville
• Visit to Napa Valley including tasting at
Merryvale Winery in St. Helena
• Tour to Lake Tahoe including a ride on
the California Zephyr Train
• Luggage handling at hotel and airports
• Gratuity for driver and tour manager/
guide, all taxes on included features
Call for a detailed brochure and
reservation information!
Final payment due: 2/2
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Alaska & Yukon by Land and Sea
July 14 - 26
Vacation highlights:
• Airfare from Columbus to Anchorage and from Vancouver to Columbus
• 7-night land tour in Alaska and Yukon with hotel accommodations in Anchorage (1), Denali (2), Fairbanks (1), Dawson City (2)
and Whitehorse (1)
• Rail transportation onboard McKinley Explorer domed rail cars from Anchorage to Denali (8 hours)
• Tundra Wilderness tour in Denali National Park (6 - 8 hours)
• Transportation via deluxe motor coach from Denali to Fairbanks (2½ hours)
• Visit to Gold Dredge 8 in Fairbanks
• Flight from Fairbanks to Dawson City (2 hours)
• Yukon River Paddlewheel Cruise onboard the Klondike Spirit
• Transportation via deluxe motor coach from Dawson City to Whitehorse (9 hours)
• Transportation via White Pass and Yukon Route Railroad from Fraser, BC to Skagway (1¾ hours)
• 4-nights onboard Holland America’s Noordam
• Port stop in Ketchikan and cruising in Glacier Bay and Inside Passage
• 1-night hotel accommodation in Vancouver, British Columbia
• Sightseeing tour of Vancouver
• Holland America meal plan for land portion of tour – McKinley Explorer breakfast and lunch, Fairbanks dinner and breakfast,
2 Dawson dinners and breakfasts, Whitehorse lunch, dinner and breakfast
Price per person: A deposit of $1,000 per person and the optional insurance premium are due with reservation. Ranging from $5,399 to
$6,295 depending on your stateroom selection.
**A valid passport is required for trip**
A Majestic Mystery Get-a-way
August 26 - 28
We will be living in the lap of luxury and the views just outside the
windows are breathtaking too! Enjoy activities such as culinary
highlights, glass work, a boat cruise a winery and oh so much more!
There’s free time to enjoy this picturesque spot for hiking or kayaking
and even fishing. Or if you’d like, we can make transportation
arrangements for golf or spa packages too (at additional cost). This
truly is a place where rustic elegance meets modern pleasures.
Price includes:
• Transportation from Mansfield
• 2 breakfasts
• 2 lunches
• 2 dinners
• 2-nights elegant accommodations
• 1 lake cruise
• Special touring
• Special dining
Per person prices: A deposit of $200 per person and optional insurance
premium are due with reservations. $585 double occupancy, $535 triple
occupancy, $520 quad occupancy.
Please call for Insurance rates and brochures.
2015
At-a-glance
Day Trips
JANUARY 19
Cleveland
Cavaliers Game
Quicken Loans Area,
Cleveland
See details!
MARCH 21, 2015
Dirty Dancing
Playhouse Square
Cleveland
Call for availability!
JUNE 24
Taste of Cleveland tour
Details coming soon!
MARCH 26
CSI Freedom Years
Style Day Tour
London & Columbus OH
See details!
AUGUST 4
Yakov Smirnoff
“What A Country” Show
Aladdin Shrine Center
Columbus
Details coming soon!
Extended Vacations & Get-A-Ways...
APRIL 14 -17
Meet Me In St. Louis
See details!
JANUARY 23 FEBRUARY 1, 2015
Southern
Caribbean Cruise
JANUARY 26 - 31
Walt Disney World
Freedom Years Style
Call for availability!
Trip/Event Cancellation Policy:
The cancellation of Freedom
Years one-day trips or events
will be non-refundable after
payment is made unless the
space is filled from an available
wait list or a substitution is made
by another member. Trips may
be paid for by cash, check, or
VISA. Checks should be made
payable to Park National Bank Freedom Years. Refund policies
on extended vacations vary from
trip to trip. Please review the
cancellation policy included on
each trip brochure.
Travel/Health Policy: It is
required that persons needing
assistance be accompanied by a
companion who is capable and
totally responsible for providing
that assistance. Neither Freedom
Years nor its suppliers may assist
with medications, wheelchairs,
or physically lift persons onto
transportation vehicles. Travelers
needing special assistance must
notify Freedom Years when they
make their reservations. Please
note that the Americans With
Disabilities Act does not apply
outside the United States.
EQUAL HOUSING
LENDER
Member FDIC
APRIIL 8 - 9
Vera Bradley Outlet Sale!
Ft. Wayne, IN
See details!
APRIL 23 - 30, 2015
Northern
California Escape
See details!
MAY 5 - 11
Lighthouse of the
Mid Atlantic Tour!
See details!
MAY 16 - 24
Scotland Tour
Optional tour to
Wales & England
Waitlist!
JULY 14 - 26
Alaska & Yukon
by Land & Sea
See details!
AUGUST 26 - 28
A Majestic Mystery
Get-a-way
See details!
OCTOBER 27 NOVEMBER 8
African Safari South
African Adventure
Call for a detailed brochure!
AUGUST 8 - 16
Cruising the Pacific
Northwest the
American Express
See details!
Cruising the Pacific Northwest
Onboard the American Empress
Featuring Frontiers, Pioneers, and Vineyards On the Columbia and Snake Rivers
August 8 - 16
Vacation highlights:
• Airfare from Columbus to Portland,
Oregon and from Spokane, Washington
to Columbus
• 1-night hotel accommodations in Portland
with breakfast included
• 7-nights onboard the American Empress
• All transfers
• Complimentary shore excursions in
every port, with optional expanded shore
excursions
• All meals onboard American Empress
Per person prices: A deposit of $1,000 per person and optional insurance premium are due with
reservations. Ranging from $5,500 - $7,699 double occupancy depending on your stateroom selection.
Call for a detailed brochure and reservation information!
M ake res er vat ion s to d ay ! 419.525.8742 | [email protected]
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INVESTMENT
&
T R U S T
INGLE RETIREES
RETIREES
INGLE
G R O U P
Trust & Investments
3 North Main Street
Mansfield, Ohio 44902-1737
RichlandBank.com
419.525.8713
FINANCIAL
Who's who
in your will?
FINANCIAL
A will does more than say who gets what. You also must
decide who is best qualified to fill some important job
assignments.
Everyone who accumulates any amount of money
and property an — “estate”—needs a will. Even if you
have moved most of your assets into a revocable living
trust? Yes. You need a will to dispose of your remaining
assets and to tie up any loose ends in your estate plan.
With a will—or with a combination of a will and a living
trust—you specify how and to whom your estate is to be
distributed. But that’s not the end of your “will power.” In
your will you can name a guardian for children, if they
are minors. You can say who is to settle your estate. And,
if you have not already named a trustee by means of a
living trust, you can designate a testamentary trustee to
manage all or part of your estate for the benefit of your
children, your spouse or others. All three job assignments
call for careful thought.
Guardian for children: Usually, the best choice for
guardian of young children is one of their aunts or uncles,
or a close family friend. Don’t forget to check with the
person you choose to be sure that he or she is willing to
accept the responsibility.
A guardian of a child also may be named the guardian of
the child’s inheritance. But the individual may not have
money management skills or the time to learn the job.
Also, laws that govern how a guardian may spend or
invest money for a minor can be extremely restrictive. The
better solution, where a child’s inheritance is sizable, is to
leave it in trust. You, not state law, determine the terms of
that trust. Rather than having everything not previously
expended for the child’s support and education handed
over as soon as the child comes of age, you might prefer
to have the balance of the inheritance delivered in
installments — at ages 25, 30 and 35, for example.
Executor/personal representative : Traditionally,
an executor is named by will to settle the estate. If no
executor is named or is able to serve, the court names
MANAGEMENT FOR
FOR SI
SI
MANAGEMENT
an administrator to handle the job. Nomenclature in
some states may include the variations executrix or
administratrix. Increasingly, however, those assigned the
job of settling an estate are referred to by an all-purpose,
gender-neutral term: personal representative.
It is sometimes supposed that the position of executor/
personal representative has become a more or less
honorary position. Not so. Estate assets must be
assembled, inventoried and safeguarded. Creditors
must be notified and debts paid. Investments must be
evaluated and monitored. Heirs must be counseled and
advised. And tax work—reams of tax work—must be
completed in timely fashion. Even if the bulk of an estate
is held in a living trust, all requirements relating to federal
and state death taxes, if any, must be complied with. See
“What will your executor do?” below for additional details.
Spouses, siblings or adult children often are named
to settle estates of nominal value. For larger, more
complex estates, it’s usually more practical to name
a trust institution such as ours. Our estate specialists
are equipped with administrative skills, investment
experience, tax know how and good business sense.
What’s more, as a corporate executor, we’re sure to be
available when needed.
Testamentary trustee: Trusts continue to have a crucial
role in minimizing estate or inheritance taxes for married
couples. In addition, leaving property in trust is helpful
whenever it’s desirable to leave someone the benefits of
an inheritance without imposing managerial burdens.
Trusteeship, of course, is our business. We’re equipped to
handle all aspects of the job, from investment planning
through keeping records and reporting to beneficiaries.
And unlike any family friend or individual advisor you
might name as trustee, we’re never “on vacation” or “out
sick.” Whenever a beneficiary has a question or special
request, one of our trust specialists is sure to be on hand
to help.
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Serving families, businesses & our communities for generations!
Successful wills: The success of a will usually depends
upon two factors. First, the care with which the will has
been planned and kept up-to-date. Second, the ability
of those named to positions of responsibility to carry out
their duties in a manner that produces optimum results
for the will’s beneficiaries.
• Pay taxes. This year federal estate taxes are due on
taxable estates larger than $5.34 million; next year that
goes to $5.43 million. An estate tax return will be
needed for estates of this size, even if no tax will be
due because of the marital or charitable deductions.
What’s more, a federal estate tax return will be required
for smaller estates if “portability” of exemption is
elected, a choice available to married couples.
Some states have much lower thresholds for filing
state inheritance or estate tax returns; other states
have eliminated their death taxes completely. A state
tax return may be required for each state in which the
decedent owned property.
FINANCIAL MANAGEMENT FOR SI
What will your executor do? Winding up the financial
affairs of an individual’s lifetime is not a simple, linear
process. Many of these phases overlap, or occur
simultaneously.
• Inventory. It’s the rare individual who leaves a
complete inventory of all of his or her financial assets
and interests. Some assets are easy to find—bank and
brokerage accounts with their regular statements, for
example. Life insurance policies and retirement plan
interests can prove more difficult to find. Interests in
real property and closely held business can be the
most problematic.
• Asset management. Investments must be monitored
and income collected. Insurance must be purchased or
maintained. Property taxes will need to be paid.
Appraisals may be needed for collections, jewelry or
other hard-to-value assets.
• Debt collection. Money owed by the decedent at
death must be paid by the executor, after the
legitimacy of the debt is confirmed. Similarly, the
executor must make diligent efforts to collect all funds
owed to the decedent. Tact will be needed when the
debtor is a family member.
• Raise cash. Estate management requires cash for
paying expenses and taxes. But most estates consist
primarily of property. That means the executor will
have to decide what to sell and when to sell it to meet
the estate’s cash needs. This is where strong
investment planning skills can pay off. Funds should
be raised without parting with the assets best suited
for future family needs.
In addition to the federal and state death taxes, the
executor will have to file the decedent’s final income tax
return and fiduciary income tax returns for the estate
itself.
• Distributions. Delivering the estate assets to
beneficiaries, or to trusts for their benefit, is among the
easier and more pleasant duties that the executor
must discharge. Still, beneficiaries often turn to the
executor for financial planning guidance, for help in
collecting benefits due that don’t come from the
estate, and for a sympathetic ear as they adjust to the
loss of a loved one.
• Accounting. The executor’s final task is to account for
all money and property that has been received and
disbursed. Therefore, accurate and detailed records
must be kept from the beginning of the process.
Full information about our trust and estate services is
yours for the asking. Just call us!
If you have any questions or need assistance, please call me anytime!
Charla Irvin
Head of Department | Vice President & Trust Officer | 419.525.8707
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Not FDIC insured. Not bank guaranteed. May lose value. | Source: M.A. Co. © 2014 | All rights reserved. | January 2015
Serving families, businesses & our communities for generations!