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Week 2 : Estate Planning Basics

In this session we discuss the importance of knowing what you have and how it is titled. Title determines if an asset will go through probate. We discuss the advantages and disadvantages of Probate, types of wills and intestate succession. On an organizer or yellow pad we recommend you list all your assets including title, cost basis and market value. With this list you will be able to determine your taxable estate (total value of your estate less liabilities), your probate estate and your IRD (income in respect of the decedent estate such IRA, 401K, etc.)

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OUTLINE:

Outline – IYE Week 2 – Basic Estate Planning – Fred Muscarella
Outline – IYE Week 2 – Basic Estate Planning – Mark Doyle
Outline – IYE Week 2 – Basic Outline – Ed Long, HELP4srs.org
Form – Statutory Will for California

DOCUMENTS AND ARTICLES:

Your Clients and Their Children – The Problems With Joint Bank Accounts
Eight Ways To Make Collecting Pay Off (Leave heirs a road map)
Five Ways Joint Ownership Can Sabotage Your Clients
Little Things Can Cause Big Fights When A Relative Dies
7 Major Errors In Estate Planning
Power Grab! Signing Over Power of Attorney To A Loved One Has Never Been Trickier
California Court Gives ‘Rogue’ Wills More Validity

WORKSHOP VIDEOS:

Part 1:

Part 2:

Part 3:

Part 4:

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