Tuesday, February 17, 2009

Have You Unintentionally Disinherited Your Kids?

Jim formed a close friendship with his widowed neighbor after the death of his wife of 38 years as a way to cope with his loss. After time, this friendship grew and soon after, they were married. Unfortunately, a few years later, Jim died and because he had moved all of his assets into joint tenancy with his new wife, all his assets went directly to his new wife, completly disinheriting his children.

How have you planned your estate? If you have everything left to your spouse, what will happen if you die first. Even if he or she doesn't remarry, as in Jim's case, will he or she be able to manage their assets on their own? Have your planned for the potential for incapacity? With the number of blended families these days, the problem of how to provide for your spouse without disinheriting your children (especially those from a previous marriage) is huge.

So how can we solve these problems? A trust can provide for your surviving spouse while he or she is living, then upon your spouse's death, the remaining assets will go to your children. Depending on the size of your estate, some assets could be segregated out specifically for your children and/or grandchildren. A trust will give you added assurance - it can protect your children's inheritances.

Each family is unique, which is why it takes careful planning with an experienced attorney who can look at various factors and options for your specific needs. CALL LIVING TRUSTS BY AMY 925-301-7195 TODAY to schedule your free consultation.

Disclaimer: The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.

Wednesday, February 11, 2009

Living Trusts by Amy

Did you know that over 50% of adults have not prepared for their death with a will or trust? Did you know that 100% of adults will die? The problem is that we don't have a crystal ball to tell us when that will happen. So ask yourself, what would today look like for your family, if you had died yesterday? Are they properly taken care of? What will happen to your assets? Will your family have to struggle with the time and expense of probate? Will there be an estate tax bill left for your heirs to resolve? What will happen to your children? Worse yet, what if you and your spouse both die and you leave minor children behind, who will take care of them?

If you answered, "I don't know" to any one of these questions, then you MUST start figuring out the answers to these, and many other questions. That is where I can help. By sitting down and discussing what is important to you and your family, I can help you identify your estate planning needs and start you on your way to PRESERVING YOUR ASSETS and PROTECTING YOUR FAMILY.

Disclaimer: Information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.
So give me a call at 925-301-7195 to schedule your FREE CONSULTATION TODAY! There is no obligation and my goal for my clients is to "SECURE PEACE OF MIND, ONE TRUST AT A TIME".

FOR MORE INFORMATION OF SERVICES PROVIDED BY LIVING TRUST BY AMY VISIT ME AT http://www.livingtrustsbyamy.com/