EVENT DETAILS - RSVP BELOW
When: Saturday, January 11th, 2020 at 10:00am
Where: Keller Williams Realty L.A. Harbor
28901 S Western Avenue Ste 139, Rancho Palos Verdes, CA 90275
Team Whitney is partnering with Praedium Trust Services and State Farm to provide you with an informative estate planning, trust, and insurance workshop.
Estate Planning and Trust Services -
The information below is provided by Kim Dannettell from Praedium Trust Services.
Who Needs Estate Planning?
If you live in California and you own a home that is worth $50,000 or more or if you have personal property worth $150,000 or more, regardless if you have a will, your estate could be subject to complex probate.
Most people don’t have a comprehensive estate plan because they do not realize they need one and the market is vastly under served because of the high cost of legal expertise in the area of tax and estate law. According to the American Bar Association, only 3% of attorneys are experts in this complex and constantly changing area of the law. Bona-fide estate planning experts command fees starting at $3,500 for a basic Living Trust package and it is important you work with a specialist in this area. Due to the lack of accessible information, consumers cannot tell the difference between a $500 and a $5,000 plan, or whether the fee they pay is fair and if it includes the five most important estate planning documents.
What are Educationally-Based Trust Services?
Along with a leading California estate planning law firm, Praedium Trust Services offers educationally based seminars and comprehensive, revocable living trusts and estate planning services.
Their program includes an educational workshop, complimentary one-on-one estate planning consultations, private trust delivery, notarization, funding guidance, and more.
Their comprehensive estate plans are customized to meet the specific needs of each individual and family’s circumstances and they include the five most important documents needed to pass assets from one generation to the next in order to avoid complex probate.
There is no financial obligation to the organization offering their services and all their services are offered at significantly reduced fees. Praedium Trust Services offers Team Whitney's clients special reduced pricing.
An Estate Plan Should Accomplish Three Goals
1. It should allow you to protect, manage, and enjoy your assets during your lifetime, while minimizing exposure to unnecessary taxes and liability;
2. It should allow you to have a plan to manage your health and financial decisions should you find yourself incapacitated and not able to do so; and
3. It should allow you to ultimately distribute your property to chosen heirs and beneficiaries privately, efficiently, and in the manner you so wish.
Do You Have Answers To These Questions?
1. Do you have minor children, and have you legally identified a guardian to care for them in the event you can’t, and have you financially provided for them?
2. Are you avoiding the pitfalls of using joint ownership as a way to transfer property?
3. Have you legally identified who will make healthcare decisions if you find yourself in a situation where you are unable to make those decisions for yourself?
4. Are you confident your estate will by-pass complex probate?
5. If you have a trust, is it updated and does it properly reflect your current wishes?
6. If you have a trust, are you 100% certain your property is owned by the trust?
7. If you have a will, are you aware your estate will still goes through probate?
State Farm's "Triangle of Protection" -
Information below is provided by Tom Hindman from State Farm
It could never happen to me, or could it?
Standard homeowners’ insurance policies provide coverage for disasters such as damage due to fire, lightning, hail, and explosions, and if the limit of your insurance policy is based on your mortgage (as some banks require), it may not adequately cover the cost of rebuilding. Bring your policies and Tom Hindman will review your coverage at this event (regardless of the company it is from) and make sure it is sufficient coverage for your property in the case of a disaster.
Does anyone depend on me financially, particularly on my income?
Life Insurance protects your family’s ability to stay in your home and maintain their lifestyle in the event of an unexpected death. Whether the insurance keeps paying the mortgage, maintains a current standard of living, pays off debts, or pays for college, the life insurance you choose can be there when it’s needed most by your loved ones.
Have you considered insuring your ability to work and earn a living?
Disability Insurance protects your most valuable asset, your income. If you can’t work due to injury or illness, this replaces your income.
Reserve your seat today! You do not want to miss out on this life changing event.
RSVP TODAY
