Estate planning

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ESTATE PLANNING
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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

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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.
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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

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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

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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.

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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.
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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)
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CONTACT US
801 N. Brand Blvd. Suite 210Glendale, CA
91203 Tel. [phone]Fax [phone]
www.facebook.com/MargarianLaw www.linkedin.com/co
mpany/margarian-law https//www.youtube.com/user/
dealerfraudlawyer
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For further information visit
http//margarianlaw.com/ http//bit.ly/1YB10LU h
ttp//onforb.es/1GBm4bV
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Thank you!