QUESTION: I know you may have probably been thinking for some time now about putting in place an Estate Plan. You may have even started to take the necessary steps to move this forward. But now I want to ask you a pointed (and perhaps undiplomatic) question:
“Are you satisfied with what you have done about it?”
Don’t let the state of California or the courts tell you where your assets should go. I’m going to show you how you can easily take control of your assets and protect your loved ones.
Wouldn’t it be nice to not lay awake at night worrying if you have everything in place?…Worrying if you have done the right thing to protect your family. You have worked hard your whole life. Very hard. Take a look around you. You have done well and in turn, may have accumulated things like:
• A home. You may even own more than one home, or land
• Life Insurance
• Investments like stocks, bonds, and mutual funds
• Bank Accounts. Sometimes multiple accounts.
What if one day all of this were gone? What if you wanted to make sure all of these things you have worked so hard for went to the people you truly care about in your life, but the courts or the government instead decides where it will go?
What if all of your assets were tied up in probate for months or years before they could be passed on to your loved ones?
For instance, your house would have to remain unsold until probate was finalized. In the meantime there may be mortgages and property taxes due, month after month that someone must pay for.
What if 40% or more of your estate went to the government in estate taxes
Wouldn’t it give you peace of mind to know that there is a solution to these problems? Did you know there is a way you can:
· Avoid Probate? (More on what probate is and how it works later…)
· Pass on property to the person or people of your choice?
· Greatly minimize or avoid estate taxes all together?
· Put restrictions on when and under what circumstances a child or grandchild can receive property? For instance restrictions such as attending college and maintaining a certain Grade Point Average to inherit part of your estate? Or maybe you want to make sure an 18 year old isn’t driving around in a new Corvette because he or she blew their entire inheritance while driving past the Chevy dealership
There is a solution. The solution is planning. Estate Planning to be exact. Estate Planning will ensure that your hard earned assets and property pass smoothly and easily to your loved ones. If done right, it can be done without the hassle and expense of probate and potentially avoid or limit estate taxes.