Title: Estate planning
1ESTATE PLANNING
2Table 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
3What 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.
4Documents 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
5Why 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
6Who 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.
7Estate 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.
8Dangers 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)
9CONTACT 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
10For further information visit
http//margarianlaw.com/ http//bit.ly/1YB10LU h
ttp//onforb.es/1GBm4bV
11Thank you!