Vanessa Terzian E: vterzian@lagerlof.com PH: 818-864-6174 | Edward Terzian E: consultation@inheritancerecovery.com PH: 818-579-2358
Estate planning is the process of anticipating and arranging for the disposal of an estate. Estate planning typically attempts to eliminate uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses. Guardians are often designated for minor children and beneficiaries in incapacity. Estate planning devices…
Community Foundation (DAF) versus Private (Family) Foundation Community Foundations (Donor Advised Funds or DAFs) and Private Foundations are both gift options that can be used separately or combined for even more flexibility. Some of the differences are explained below: Donor Involvement: – DAF: The Donor recommends grants to be qualified non-profit groups. Grants are approved…
What to consider when selecting an Estate Planning Attorney Selecting an estate planning attorney is an important task since the person will be helping you determine what will happen to your assets after you die. It is important to find a practicing attorney who specializes in estate planning. Estate planning is more than drafting a…
What to consider when selecting an Estate Planning Attorney Selecting an estate planning attorney is an important task since the person will be helping you determine what will happen to your assets after you die. It is important to find a practicing attorney who specializes in estate planning. Estate planning is more than drafting a…
MEDICARE is your government health insurance. It covers medical expenses such as hospital and doctor charges for those people eligible for the plan. It has a limited benefit for a nursing home stay; only if you were hospitalized for at least three days prior, require skilled nursing care, and are continuing to benefit medically (usually…
Why You Need It! About a week ago a colleague of mine asked for an article to give to his clients explaining why they should come to me and set up an estate plan. With the very appreciated help of my assistant we came up with the following: Why Do You Need a Revocable Living…
Some Common Purposes for Creating a Trust: 1. Privacy. Trusts may be created purely for privacy. The terms of a will are public and the terms of a trust are not. In some families this alone makes use of trusts ideal. 2. Spendthrift Protection. Trusts may be used to protect beneficiaries (for example, one’s children)…
Why do you need a living trust? A Living Trust is a contract between you and your heirs in which you specify what you want done with your assets after your death. You can change the terms of this contract at any time while you are living and you maintain complete control over your assets.…
Better to Give Than to Receive For those of you with children, you know there is nothing better than giving your child a gift and seeing their face light up. Having a comprehensive estate plan is place making sure your family is provided for is one of the best gifts you can give your children.…
Estate Planning and Beyond When a client comes to me for a typical estate plan, it almost inevitably ends up being anything but typical. Each client has their own lists of wants – a retirement time-line, vacation plans, medical issues and other financial needs. While I leave the financial planning to the professionals (I am…