1 / 11

Estate planning

Estate planning is essential even for singles. See more here: http://www.lemonlawcourt.com/

eva21
Télécharger la présentation

Estate planning

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ESTATE PLANNING

  2. Table of content • What is “estate planning” and “trust”? • Documents needed • Why create an estate plan? • Who needs planning and when? • Estate planning concerns • Dangers of to Do-It-Yourself • Our contacts

  3. What is “estate planning”? Making a plan in advance and naming whom you want to receive the things you own after you die.  What is “trust”? A fiduciary relationship regarding property and charging the person with title to the property with equitable duties to deal with it for another's benefit.

  4. Documents needed • Living WillMake healthcare decisions • Power of AttorneyAppoint someone you trust • Last Will & TestamentThe beginning of your estate plan • Living TrustProvide for your family • Patient advocate designation

  5. Why create an estate plan? • After Death • Control who receives your assets • Control when they receive your assets • Possibly reduce taxes and legal fees • Reduce stress for heirs and family members • Upon Disability • Control assets and identify agents • Control medical decisions and identify agents • Act without Court supervision

  6. Who needs planning and when? • Who (EVERYONE!) • Families with young children • Blended families • Non-traditional couples • Single adults (young or old) • When (NOW!) • Plan while you can • Plan before incapacity • Unfortunately, there comes a point when planning is too late.

  7. Estate planning concerns Spouse / Significant Other Income, Comfort, Housing, Childcare, Medical Decisions and Care Children Support, Education, Medical Care, Guidance Grandchildren Education, Support, etc. Others? Creating a Legacy, Special Needs, Charities, etc.

  8. Dangers of Do-It-Yourself Lawyers know and understand the law Lawyers can point out unseen or unique issues Very formal signing requirements Can create a plan for all assets (including those which pass outside of Probate or Trust)

  9. CONTACT US 801 N. Brand Blvd. Suite 210Glendale, CA 91203 Tel. (818) 553-1000Fax (818) 553-1005 www.facebook.com/MargarianLaw www.linkedin.com/company/margarian-law https://www.youtube.com/user/dealerfraudlawyer

  10. For further information visit: http://margarianlaw.com/ http://bit.ly/1YB10LU http://onforb.es/1GBm4bV

  11. Thank you!

More Related