november 2010 volume i1 issue xi outlook…in a nutshell, here’s how it works: when you die, you...

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Copyright © 2010 Peel, Inc. The Outlook - November 2010 1 NOVEMBER 2010 VOLUME I1 ISSUE XI OUTLOOK The News for the Residents of The Dominion Dominion Birthdays Send your Birthday announcements to [email protected] NOVEMBER 3 RD Happy 2 nd Birthday Hildie Villagomez! FINANCIAL FOCUS Be Prepared for Return of Estate Tax There’s never really a bad time to do estate planning. But in the months ahead, you may have an extra incentive to look at your estate plans. Why? Because changes are coming to estate tax laws — so you’ll want to be ready. Change is nothing new in the world of estate taxes, which have been in a state of flux for years. As the law now stands, there is no federal estate tax in 2010. Then, in 2011, the estate tax is scheduled to return, with an exemption amount of $1 million and a top rate of 55 percent. Yet, these figures are highly likely to change; ultimately, we may see a return to what existed in 2009: a $3.5 million or $5 million exemption and a top rate of 45 percent. Of course, your susceptibility to the estate tax will depend on the size of your estate. But no matter what your level of assets, you’ll want to have your estate plans in order. First of all, you almost certainly need a will. You’ll also need to make sure you’ve named the proper beneficiaries in all your legal documents. Now, let’s return to the estate tax issue. Specifically, how can you help reduce any potential estate tax burden your heirs may face? Here are some ideas to consider: • Take Advantage of Your Exemptions You and your spouse each receive an exemption from the federal estate tax. As mentioned above, this exemption could be anywhere from $1 million to $5 million, starting in 2011.To maximize these exemptions, you may want to create a credit shelter trust. In a nutshell, here’s how it works: When you die, you fund a credit shelter trust with assets equal in value to your available exemption; if you have other assets, you can leave them to your spouse, free of estate taxes. Your surviving spouse can draw income from the trust’s assets while he or she is alive. Upon his or her death, the trust disperses the assets to your children or other beneficiaries, taking advantage of your original estate tax exemption. Your spouse’s estate will also disperse assets to beneficiaries, using his or her exemption to reduce or avoid estate taxes. • Use Life Insurance If you owned a $1 million dollar life insurance policy, and it was subject to an estate tax rate of 55 percent, your beneficiaries would receive a death benefit of just $450,000. But if you established an irrevocable life insurance trust (ILIT) with a new insurance policy, the trust would own the policy and distribute the proceeds to the beneficiaries you’ve chosen. By using an ILIT, you’d keep the life insurance out of your taxable estate. (Continued on Page 2)

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Page 1: november 2010 volume i1 issue xi OUTLOOK…In a nutshell, here’s how it works: When you die, you fund a credit shelter trust with assets equal in value to your available exemption;

Copyright © 2010 Peel, Inc. The Outlook - November 2010 1

The ouTlooknovember 2010 volume i1 issue xi

OUTLOOKThe

news for the residents of The Dominion

DominionBirthdays

Send your Birthday announcements to

[email protected]

NovemBer 3rd

Happy 2nd Birthday

Hildie villagomez!

FINANCIAL FOCUSBe Prepared for Return of Estate Tax

There’sneverreallyabadtimetodoestateplanning.Butinthemonthsahead,youmayhaveanextraincentivetolookatyourestateplans.Why?Becausechangesarecomingtoestatetaxlaws—soyou’llwanttobeready. Changeisnothingnewintheworldofestatetaxes,whichhavebeeninastateoffluxforyears.Asthelawnowstands,thereisnofederalestatetaxin2010.Then,in2011,theestatetaxisscheduledtoreturn,withanexemptionamountof$1millionandatoprateof55percent.Yet,thesefiguresarehighlylikelytochange;ultimately,wemayseeareturntowhatexistedin2009:a$3.5millionor$5millionexemptionandatoprateof45percent. Ofcourse,yoursusceptibilitytotheestatetaxwilldependonthesizeofyourestate.Butnomatterwhatyourlevelofassets,you’llwanttohaveyourestateplansinorder.Firstofall,youalmostcertainlyneedawill.You’llalsoneedtomakesureyou’venamedtheproperbeneficiariesinallyourlegaldocuments. Now,let’sreturntotheestatetaxissue.Specifically,howcanyouhelpreduceanypotentialestatetaxburdenyourheirsmayface?Herearesomeideastoconsider:

•TakeAdvantageofYourExemptionsYouandyourspouseeachreceiveanexemptionfromthefederalestatetax.Asmentionedabove,thisexemptioncouldbeanywherefrom$1millionto$5million,startingin2011.Tomaximizetheseexemptions,youmaywanttocreateacreditsheltertrust.Inanutshell,here’showitworks:Whenyoudie,youfundacreditsheltertrustwithassetsequalinvaluetoyouravailableexemption; ifyouhaveotherassets,youcan leave themtoyour spouse, freeofestatetaxes.Yoursurvivingspousecandrawincomefromthetrust’sassetswhileheorsheisalive.Uponhisorherdeath,thetrustdispersestheassetstoyourchildrenorotherbeneficiaries,takingadvantageofyouroriginalestatetaxexemption.Yourspouse’sestatewillalsodisperseassetstobeneficiaries,usinghisorherexemptiontoreduceoravoidestatetaxes.

•UseLifeInsuranceIfyouowneda$1milliondollarlifeinsurancepolicy,anditwassubjecttoanestatetaxrateof55percent,yourbeneficiarieswouldreceiveadeathbenefitofjust$450,000.Butifyouestablishedanirrevocablelifeinsurancetrust(ILIT)withanewinsurancepolicy,thetrustwouldownthepolicyanddistributetheproceedstothebeneficiariesyou’vechosen.ByusinganILIT,you’dkeepthelifeinsuranceoutofyourtaxableestate.

(Continued on Page 2)

Page 2: november 2010 volume i1 issue xi OUTLOOK…In a nutshell, here’s how it works: When you die, you fund a credit shelter trust with assets equal in value to your available exemption;

2 The Outlook - November 2010 Copyright © 2010 Peel, Inc.

The ouTlook

EMERGENCY NUMBERSEMERGENCY...............................................................911Fire...................................................................................... 911Ambulance.......................................................................... 911PoliceDept–Non-Emergency............................210-207-7273FireDept–Non-Emergency...............................210-207-7744

DOMINION SECURItYChiefofSecurity.................................................210-268-9932MainGate...............................210-698-2997or210-698-2998NorthGate..............................210-698-7812or210-698-1224AutomatedService..............................................210-698-9744

CItYCityCustomerService.........................................210-207-6400SolidWaste(Trash).............................................210-207-6428

OthER NUMBERSCedarElmPostalOffice......................................210-641-0278

NEwSLEttER PUBLIShERPeel,Inc..............................................................512-263-9181Advertising........................................... [email protected]

IMPORtANt NUMBERS

MISSION StAtEMENtTheOutlook,ForTheDominion

ThemissionofTheOutlookistoprovideTheDominionCommunitywithonesourceoflocalnewscontentthatiswrittenbyDominionresidents.Ourgoalistohelpbuildthecommunitybyconnectinglocalbusinesseswithresidentsandresidentswithrelevantneighborhoodinformation.

"Be the community."

ARtICLE INFO TheOutlookismailedmonthlytoallDominionresidents.Residents, community groups, churches, etc. arewelcometo include information about their organizations in thenewsletter. Personal news for the Stork Report,TeenageJob Seekers, recipes, special celebrations, and birthdayannouncementsarealsowelcome.

Tosubmitanarticle forTheOutlookpleaseemail it [email protected]. The deadline is the 20th of themonthpriortotheissue.

•Givegenerously.Youcangiveupto$13,000peryeartoasmanyindividualsasyoulikewithoutincurringgifttaxes.Andthemoreyougive,theloweryourtaxableestate.Youcanalsoreduceyourestatebymakinggiftstocharitableorganizations.

Keepinmindthatestateplanningcanbecomplex.Youwillneedto work with your legal and tax advisors before establishing anytype of trust or other estate-planning mechanism. And with theloomingreturnoftheestatetax,there’snotimelikethepresenttogetstarted.

Financial Focus -(Continued from Cover Page)

--- San Antonio ---Alamo Heights

Cross Mountain RanchMountain Lodge

Olmos ParkRivermist

SpringwoodStage Run

The DominionWildhorse

[email protected]

Publishing Community Newsletters Since 1991

Page 3: november 2010 volume i1 issue xi OUTLOOK…In a nutshell, here’s how it works: When you die, you fund a credit shelter trust with assets equal in value to your available exemption;

Copyright © 2010 Peel, Inc. The Outlook - November 2010 �

The ouTlook

TMI Admission Open House

Discover the advantages of a

private school education.

RSVP Online RSVP Online for Free!

Nov. 6, 20108:45 a.m. – Noon

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Watch your children succeed.

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TMI – The Episcopal School of Texas admits students of any race, color, and national or ethnic origin.

CO-ED | GRADES 6-12 | COLLEGE PREP

HealtH Briefs

(Continued on Page 4)

DON’t StRESS OvER tEStS

Lots of children experienceanxietyovertests,butthey-andtheirparents - candealwith itthrough the right attitude andtaking care of their physicalhealth,saidaBaylorCollegeofMedicinepsychiatryprofessor.

Kids should understand thatnervousness about a test is anormalfeeling,saidDr.MeganMooney, adjunct assistantprofessor of psychiatry andbehavioral sciences at BCM.They can deal with it by

practicingrelaxationtechniqueslikedeepbreathingandlearningtostopnegativethoughtswhentheyfirstcreepup.

Parents’canhelpeaseanxietybynotplacingtoomuchpressureon their children. Mooneyurges parents to talk aboutthe importance of kids beingprepared and doing their best,ratherthanfocusingongrades.

Students of all ages mustalso take care of their physicalhealth at exam time by eatingwell and getting enough sleep.Older students also can help

ease their anxietybycreatingascheduleforthemselvesassoonas they receive their syllabus.They should find an optimalstudyingenvironment,whetherit’saquietlibraryorsomewheretheycanhavemusicplaying.

hEALthY DIEt hELPS DIABEtICS REDUCE

hEARt DISEASE RISkThe relationship between

diabetesandheartdiseaseshouldnot be ignored, according toan expert at Baylor College ofMedicine.

“Cardiovasculardiseaseistheleadingcauseofdeathinpatientswithdiabetes,anddiabetesistheleading cause of heart diseasein America,” said Dr. AlanGarber, professor of medicineinthesectionofendocrinologyatBCM.

To r educe th e r i s k o fcardiovascular disease, patientswith diabetes must maintainan exceptionally low level ofLDL cholesterol, the “bad”cholesterol, and a lower targetbloodpressure.

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� The Outlook - November 2010 Copyright © 2010 Peel, Inc.

The ouTlook

BUSINESS FORMSNEWSLETTERS

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BY PEEL INC.

Health Briefs - (Continued from Page 3)

Todothis,theymustincorporateahearthealthydietwiththeirdiabetesdietoflowcalories and sugars. A heart healthy dietincludesreducingsaturatedfats.Medicationcan also be used to help control diabetes,cholesterolandbloodpressure.

“Diet and exercise help, but statindrugsshouldbeusedtohelpcontrolhighcholesterol,andmedicationforhighbloodpressureshouldalsobetaken,”saidGarber.

Garberrecommendscheckingwithyourphysicianbeforestartinganexerciseroutineandworking closelywith thephysician todevelopatreatmentplan.

Recipe of the MonthINGREDIENtS:•3eggs •1Cgranulatedsugar•3/4Cflour •2/3Cpumpkin•2tsp.cinnamon•1tsp.lemonjuice•1tsp.ginger •1tsp.bakingpowder•½tsp.nutmeg •½tsp.salt•Powderedsugar•1Cfinelychoppednuts

Beat eggs on high speed for 5 min.;gradually beat in sugar. Stir in pumpkinandlemonjuice.Stirtogetherflour,bakingpowder, cinnamon, ginger, nutmeg, andsalt.Foldinpumpkin.Spreadingreasedand

floured15x10x1”pan.Topwithnuts.Bakeat375°for15min.Turnoutontowelsprinkledwithpowderedsugar.Startingatnarrowend.rolltowelandcaketogether.Cool.Unroll.

FILLING:•1Cpowderedsugar•2-3oz.pkg.creamcheese•4Tmargarine•½tsp.vanilla.

Beatuntilsmooth.Spreadovercake.Rollandchill.

Pumpkin Cake Roll

Page 5: november 2010 volume i1 issue xi OUTLOOK…In a nutshell, here’s how it works: When you die, you fund a credit shelter trust with assets equal in value to your available exemption;

Copyright © 2010 Peel, Inc. The Outlook - November 2010 �

The ouTlook

DISCLAIMER:ArticlesandadsinthisnewsletterexpresstheopinionsoftheirauthorsanddonotnecessarilyreflecttheopinionsofPeel,Inc.oritsemployees.Peel,Inc.isnotresponsiblefortheaccuracyofanyfactsstatedinarticlessubmittedbyothers.Thepublisheralsoassumesnoresponsibilityfortheadvertisingcontentwiththispublication.Allwarrantiesandrepresentationsmadeintheadvertisingcontentaresolelythatoftheadvertiserandanysuchclaimsregardingitscontentshouldbetakenupwiththeadvertiser.*Thepublisherassumesnoliabilitywithregardtoitsadvertisersformisprintsorfailuretoplaceadvertisinginthispublicationexceptfortheactualcostofsuchadvertising.*Althougheveryeffortistakentoavoidmistakesand/ormisprints,thepublisherassumesnoresponsibilityforanyerrorsofinformationortypographicalmistakes,except as limited to the cost of advertising as stated above or in the case ofmisinformation,aprintedretraction/correction.* Under no circumstances shall the publisher be held liable for incidental orconsequentialdamages, inconvenience, lossofbusinessorservices,oranyotherliabilitiesfromfailuretopublish,orfromfailuretopublishinatimelymanner,exceptaslimitedtoliabilitiesstatedabove.

TheOutlookisaprivatepublicationpublishedbyPeel,Inc.Itisnotsanctionedbyanyhomeownersassociationororganization,norisitsubjecttotheapprovalofanyhomeownersassociationororganization,norisitintended,norimpliedtoreplaceanypublicationthatmaybepublishedbyoronbehalfofanyhomeownersassociationororganization. Atno timewill any sourcebe allowed touseTheOutlookcontents,orloansaidcontents,toothersinanyway,shapeorform,norinanymedia,website,print,film,e-mail,electrostaticcopy, fax,oretc. for thepurposeofsolicitation,commercialuse,oranyuseforprofit,politicalcampaigns,or other self amplification, under penalty of law without written or expressedpermissionfromPeel,Inc.TheinformationinthenewsletterisexclusivelyfortheprivateuseofPeel,Inc.

FOR SALE:1856VintageSteinwayGrandPiano-ParlorGrandRestoredandMeticulouslyMaintained.OriginalRosewoodArtcase-SteinwayStyle1,7’2”Ivorykeys,simplybeautiful!Itisanexcellentinvestmentthatbecomesmorevaluableeachyear!ToseeinTheDominioncall:210-231-0746

PERSONAL CLASSIFIED

DominionReal Estate

Stats

Source – San Antonio Board of realtorsPrepared by matthew resnick (All information provided

by mLS & other sources buyer should independently verify same before relying thereon.

New housing Starts Surged 10.5% In August to the highest

Level Since Spring!Date range (year to date)

January 1st 2010 – October 19th 2010

63 Houses Sold:PricerangeLow$290,000

PricerangeHigh$2,700,000Medianpricerange$609,500

SoldPricepersq.ft.Low$96.05SoldPricepersq.ft.High$394.96

8 House Pending:ListPriceLow$592,780

ListPriceHigh$1,100,000MedianPriceRange$768,200Pricepersq.ft.Low$119.41Pricepersq.ft.High$270.38

100 Homes Active for Sale:ListPricerangeLow$299,000

ListPricerangeHigh$4,999,000Medianpricerange$812,450Pricepersq.ft.Low$97.93

Pricepersq.ft.High$500.91

12 Lots Sold:SoldPriceLow$51,000

SoldPriceHigh$400,000MedianPricepersq.ft.$9.35

0 Lots Pending

42 Lots Active For Sale:ListPricerangeLow$75,000

ListPricerangeHigh$499,500Medianpricerange$175,000MedianPricepersq.ft.$9.25

Health Briefs - (Continued from Page 3)

NOT AVAILABLE ONLINE

Page 6: november 2010 volume i1 issue xi OUTLOOK…In a nutshell, here’s how it works: When you die, you fund a credit shelter trust with assets equal in value to your available exemption;

� The Outlook - November 2010 Copyright © 2010 Peel, Inc.

The ouTlook

San Antionio Offi ce | Shelby Ruff | 210.692.4319 | [email protected]

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WHY GO SOLAR?

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Page 7: november 2010 volume i1 issue xi OUTLOOK…In a nutshell, here’s how it works: When you die, you fund a credit shelter trust with assets equal in value to your available exemption;

Copyright © 2010 Peel, Inc. The Outlook - November 2010 �

The ouTlook

November Texas Events

Texas Events has been published with the permission of the Texas department of Transportation. All events are taken in part from the Texas events Calendar. All dates for events were correct at the time of publication and are subject to change.

14—SAN ANTONIO:Rock‘n’RollMarathon&Half-MarathonThismarathonfeaturesmultiplemusicalbandsalongthecourseasparticipantspasshistoricmissionsonthewaytothefinishlineattheAlamodome.http://san-antonio.competitor.com

19-21—NEW BRAUNFELS: Weihnachtsmarkt(GermanChristmasMarket)Browseandbuyuniquedecorations,specialtyitems,gifts,antiquesandmore.Anall-daytearoomserveshomemadeGermanfare.ReservationsarerequiredforthepreviewgalaonNov.18orthebreakfastwithSantaonNov.20.CivicCenter,380S.SeguinAve.www.sophienburg.org830/629-1572

19-21, 26-28—FREDERICKSBURG: TradeDaysShopmorethan350vendorsinsixbarns,acresofantiques,biergarten,livemusicandmore.Hwy.290E.,acrossfromWildseedFarms.E-mail:[email protected]/990-4900

20—HONDO:Christmas inGod’sCountry Includes food, arts& crafts vendors, music, lighted night parade and children’sactivities.DowntownHondo,18thStreet.www.hondochamber.com830/426-3037

20—KERRVILLE:HolidayLightedParade&CourthouseLightingThis festival of live music, crafts, games, a parade and morecelebratesthebeginningoftheholidayseason.Downtown,100blockofEarlGarrett.www.kerrvilletx.gov830/792-8395

22-Jan. 6—SAN ANTONIO:LighttheWayOnemilliontwinklinglightsilluminatethenightskyattheUniversityofIncarnateWordtocelebratetheholidayseasoninstyle.www.uiw.edu

26—SAN ANTONIO: Ford Holiday River Parade & LightingCeremonyOntheFridayafterThanksgiving,theswitchisthrownandabout122,000twinklinglightsformamagicalcanopyovertheRiverWalk.Thenaspectacularone-hourparadebegins,featuringdecorated,illuminatedfloatswithcelebrities,bandsandlavishlycostumes.www.thesanantonioriverwalk.com210/227-4262

26-27—BOERNE: Dickens on Main Includes food and drinkbooths,costumedshopkeepers,wassail,arts&crafts,caroling,Santa,liveentertainmentandmore.HistoricDowntownBoerne.830/249-7277

26-27—FREDERICKSBURG:GiftsFromtheHeartArts&CraftsShowExplorecraftsfromtheTexas.St.Joseph’sHalle,212W.SanAntonioSt.E-mail:[email protected]/456-4273

26-27—KERRVILLE:KerrMarketDaywww.kerrmarketdays.org830/792-4655

26-28—FREDERICKSBURG:ThePeddlerShowThisone-of-a-kindshoppingexperienceoffersanarrayofhotfashions,trendyjewelry,stylishhomefurnishings,uniquegiftitems,gourmetfoodsandmore.GillespieCountyFairgrounds,Hwy.16South.www.peddlershow.com512/358-1000

26-Jan. 1—FREDERICKSBURG AREA:Texas RegionalChristmasLightingTrailComehometothefortheholidaystothecommunitiesofBoerne,Burnet,DrippingSprings,Fredericksburg,JohnsonCity,Llano,MarbleFallsandNewBraunfels.Includeslightingdisplays,pageantsandfestivitiesofallkinds.www.tex-fest.com830/997-8515or866/839-3378

26-Jan. 2—FREDERICKSBURG: EisbahnOutdoor ice-skatingevent benefits the Heritage School and the Cystic FibrosisFoundation.Marktplatz,cornerofW.MainandN.Adamsstreets.www.skateinfred.com830/997-6597

27—BANDERA: Country Christmas Ball Kick off the holidayseasonwithaneventreminiscentofanold-fashioneddinnerandbarndance.FarmCountryClub.E-mail:[email protected]/589-7226

27—NEW BRAUNFELS: Saturday Market Days at the ElksVendors offer unique gifts, handcrafted wood items, jewelry,clothing,mosaiccrossesandmore.Elksparkinglot,353S.SeguinSt.830/822-1099

27-Dec. 19—SAN ANTONIO:HolidayBoatCarolingMorethan175choralgroupsfloatalongtheSanAntonioRiverspreadingholidayjoy.RiverWalk.210/227-4262

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� The Outlook - November 2010 Copyright © 2010 Peel, Inc.

The ouTlook PRSRT STDU.S. POSTAGE

PAIDPEEL, INC.

DM

Peel, Inc.308 Meadowlark St SouthLakeway, TX 78734www.PEELinc.com

The Dominion Commons | 4 Dominion Drive, Building 2 | San Antonio, Texas 78257 | KuperRealty.com

Matthew A. Resnick, gri

REALTOR®

210.849.8837 [email protected]

TexasHomesSA.com

Exceptional Service with Results!2009 Top Listing Agent -

L GNew Listing! $595,000Wellington built 2-story custom home. Kitchen w/gas cooking, granite, sep din &

sep study, gamerm, media rm, plus detached Casita w/half bath. MLS#860425

The Dominion $1,075,000Beautiful 6,565± sf est w/4BR/4FB/2HB. 3 liv, formal study, gamerm, 4 gas fps. Mstr suite down w/dual baths. High ceilings, elevator,

home a true masterpiece. Electronic gate to private yd w/fenced pool & spa. MLS#802016

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The Dominion $1,499,999Soaring ceilings & Grand Opera staircase greets you. 6 bedrooms, 2 apartments,

garage. Resort lifestyle. Marble, granite, & wood thru-out plus many custom details. MLS#844796

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Outdoor Living! $529,000Award winning Toll Brothers home! Popular

media rm, gamerm, computer area, 3 liv areas, & plenty of strg. Gourmet kit w/custom cbnts, SS appl, gas cooking & granite cntrs. Many upgrades. Lrg yd w/rm for pool. MLS#847783

New Price! $875,000

custom wood moldings, chandelier & 2-story

Wet bar, study, sep din. Lrg, open gourmet kit. Mstr suite down. 4 bdrms & gamerm up. Private pool/spa. Exercise rm. MLS#848877