Do I Need An Estate Plan? Cute Video

Hi Folks,

I thought I'd like to use a bit of creativity and make a short, cute and informative video pointing out a couple of pluses when it comes to why we all need an estate plan. 

Naturally, I'm telling you this because we, at the Law Office of Lowell Steiger, provide this necessary legal service for you.

For a Free Consultation Call

Attorney Lowell Steiger

We'll Advise You on Your Plan

Create (as needed) Your

Will

Trust

Directives

323) 852-1100

lowell@steigerlaw.com

Skype (with or
without video): Lowell_Steiger

"Treated With the Respect and Understanding That You
Deserve"

Getting Your Ducks in a Row Through Estate Planning

What Is Estate Planning?


Ducks-in-a-row

            Getting your ducks in a row — that's what estate planning really means!  Depending on the nature of your
assets and future needs, the process of estate planning can be simple or
complex.  Surprisingly, estate planning
involves more (much more) than simply writing a will.  In fact your estate plan, which should include the creation of a trust,  is a dynamic plan
which addresses many issues including

·       
Your
family

·       
Other
individuals

·       
Charitable
organizations

·       
Your
property (assets) and the many types of ownership and title that your property
may take

·       
Financial
planning

·       
Medical
planning

·       
Tax
planning

·       
Business
planning and/or

·       
Future
needs if you’re ever incapacitated or otherwise unable to care for yourself

Why Estate Planning Is
So Important To You

         Who will be in charge of your medical decisions should you suddenly become incapacitated by a heart attack or stroke?  Do you want heroic measures taken or do you NOT want heroic measures taken.  Without an advance health directive, you're leaving your fate in the hands of others (who may be well-intentioned but do not know your wishes).  What if you want to be resuscitated but you don't have the ability to communicate that message?  What if you don't want this sign over your hospital bed?


Do not resuscitate

            Plan, plan, plan.

          It will come as no shock to you when
I say that we live in an uncertain world. 
So while you’re still of sound mind it is important that you plan for
the future.  Through an estate plan, you
can determine many things:

·       
What
if you become incapacitated? Your estate plan will define

o      
How
and by whom will your assets be managed for
your benefit during the remainder of your lifetime

o      
Who
will take care of your minor children

o      
How
you will be cared for

o      
Who
will make your health care decisions with direction as to what those health
care decisions shall be (don’t leave it to chance)

·       
At
what point it will make sense to distribute your assets during your lifetime

·       
Who
will get your assets after your death – and by what means?

·       
How
your assets will be managed after your death

·       
What
happens to your remains after you die

Simply Put: You Need An Estate Plan

Estate tax

            Bottom Line: It doesn’t matter if
your estate is large or small.  You, your
children, your grandchildren and your assets must be protected and provided for
as determined by you.

·       
Small
Estate: Your plan may focus on

o      
Who
will receive your assets after your death

o      
Who
will manage your estate

o      
Who
will pay your final debts

o      
Who
will handle distribution of your assets

·       
Large
Estate:  Your lawyer will discuss plan
and focus on the small estate issues PLUS

o      
Ways
to preserve assets for your beneficiaries

o      
Ways
to reduce / postpone amount of estate tax that may otherwise be payable upon
your death

What If You Don't Have An Estate Plan?

            Wow, not having an estate plan
pretty much leaves it up to a judge to pick someone to handle your assets and
your personal care.  Your estate will go through the lengthy and uncertain process called probate.  Your assets will be
distributed to your heirs per the rules of intestacy (dying without
a will).

            Your assets will not necessarily go
to the state.  In fact, per the rules of
intestate succession your assets will go to your relatives, no
matter how remote
!

            With an estate plan, it is your
choice as to whom your assets go after your death.  You
have control of care of your minor children, your own care, distribution and
control of your assets during your life and after your death, handling of your
remains and a host of other issues.

What's Actually In My Estate?


PiggyBank

            All of your assets are in your
estate.  Those assets may be

·       
Bank
accounts

·       
Real
estate

·       
Stocks

·       
Bonds

·       
Personal
property

o      
Furniture

o      
Jewelry

o      
Cars

·       
Life
insurance proceeds

·       
Retirement
accounts

·       
Inheritance
still owed to you

·       
Tax
refunds still due you

 

For a Free Consultation Call

Attorney Lowell Steiger

We'll Advise You on Your Plan

Create (as needed) Your

Will

Trust

Directives

323) 852-1100

lowell@steigerlaw.com

Skype (with or
without video): Lowell_Steiger

"Treated With the Respect and Understanding That You
Deserve"

 

Estate Planning: Important to You and Your Loved Ones

 


Estate_planning


Estate planning ensures that:

  • Final property wishes are
    honored
  • Health care issues
    are clarified and honored
  • Loved
    ones are provided for in your absence

Estate
planning resolves these (and other) legal questions when someone dies:

  • State of their financial
    affairs
  • Who gets what?
  • Guardianship of minor children
  • How much tax will need to be paid to transfer
    property
  • Appropriate
    funeral arrangements
What An Estate Planning Attorney Does For You


We will help you plan your estate.  At the Law
Offices of
Lowell Steiger, we can advise you and then prepare, your legal
documents:

  • Wills
  • Trusts
  • Powers of
    Attorney
  • Domestic
    Partnership Agreements
  • All
    other estate related papers

Prior to doing so, we will
meet with you to discuss and advise as to:

  • Extent of your estate wishes
  • Preparation of your properties and estate to
    make it easy on your loved ones to manage with little or no interruption
    from
    • Government Agencies
    • Courts
    • Tedious Probate System

  • Preparing estate against various tax issues
    that spring up during life and upon death



Protect Your Assets

Asset Protection: What is asset protection? Asset protection
planning involves
figuring out and applying a lawful
series of techniques
that protect your assets
from claims of future creditors. The techniques are designed to deter
potential
creditors from going after you, and frustrate them if they do, generally
by
making it difficult or impossible for future creditors to grab hold of
your
assets or collect judgments against you.


In cases where
significant sums are involved, asset protection planning often
includes setting up a series of:

  • Trusts
  • Partnerships
  • Off-Shore
    Entities

Contact me
for more information.

Probate

Probate is a court involved process that
determines
how property, owned by someone who has passed away, will be distributed
to the
proper beneficiaries or heirs.

Avoiding Probate

The probate process is tedious and complicated

and can easily be avoided through proper estate planning and trusts.

If Probate
Is Unavoidable
We Will Help You Probate An Estate

If
you or a family member needs assistance probating an estate or accessing
a
deceased person's financial affairs, we will help you here at the Law
Office of
Lowell Steiger.

Call us now for a free consultation!


Finally, and most importantly, please contact me if
you have any legal issues whatsoever.  If it's not something that my
office ordinarily handles, I will be delighted to refer you to a
well-qualified attorney who does.

At the risk of repeating
myself, I'm signing off with my warmest regards to you.


Lowell Steiger

Law
Office of Lowell Steiger

8383 Wilshire Boulevard, Suite 830
Beverly
Hills, California 90211
Law Office of Lowell Steiger
323-852-1100

Contact
Me By E-mail