Estate planning - PowerPoint PPT Presentation

About This Presentation
Title:

Estate planning

Description:

Your marriage status and estate planning: What all couples need to know? – PowerPoint PPT presentation

Number of Views:28
Slides: 12
Provided by: bradleyherrera
Category: Other

less

Transcript and Presenter's Notes

Title: Estate planning


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 Will Make healthcare decisions
  • Power of Attorney Appoint someone you trust
  • Last Will Testament The beginning of your
    estate plan
  • Living Trust Provide 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/co
mpany/margarian-law https//www.youtube.com/user/
dealerfraudlawyer
10
For further information visit
http//margarianlaw.com/ http//bit.ly/1YB10LU h
ttp//onforb.es/1GBm4bV
11
Thank you!
Write a Comment
User Comments (0)
About PowerShow.com