Personal Planning Goals

Protection for You

• Maintaining Control Of Your Assets
• Avoiding Problems In Case Of Mental Disability
• Durable Power or Attorney Planning
• Authorize Release Of Protected Health Care Information
• Avoiding Nursing Home Costs
• Avoiding Life Support
• Medi-Cal Planning
• Assure Lifesyle
• Protection of Retirement
• Creditor Protection
• Preservation of Privacy
• Title and/or Transfer Issues
• Unmarried Partner Issues
  
  

Protection for Your Spouse

• Assure Standard Of Living
• Creditor Protection
• Remarriage Protection
  
  

Protection for Children and/or Grandchildren

• Guardians/Protection For Minor Children
• For Special Needs Children &/Or Grandchildren
• Creditor Protection
• From Lack of Financial Discipline
• Divorce Protection
• Promote Family Values Even After You Are Gone
• Promote Children's Integrity & Initiative
• From Inheritance Passing To Child's Spouse
• From Inheritance Squandered By Person In Charge
  
• Disinheritance of other heirs
  

Protection from Blended Family Issues

• Fiduciary Selection/Protection
• Retaining Family Management of Family Affairs
• Professional and/or Corporate Trustees
  
  

Passing Value and Responsibility to Whom You Want, How You Want and When you Want

Avoiding Disputes & Frivolous Lawsuits

Clarity and Organization of Planning

Coordination of Estate Plan with Financial / Insurance Advisor

Litigation Support

Elder Abuse Issues

Fiduciary Duty Issues

Asset Planning Goals

Community and Separate Property Issues

Protection from Taxes

• Estate Tax
• Generation Skipping Tax
• Gift Tax
• Income Tax
  
  

Protection from Administration Expense and Delay

• Avoid Probate
• Avoid Conservatorships
• Durable Power of Attorney planning
  
  

Protection/Succession of Business

• When does owner want to transfer ?
• Income needed during retirement ?
• Who does owner want to transfer to ?
• Family/Employees/Co-Owner/Outside Party ?
• Shift Wealth to children ?
• Charitable Gifts or Transfers ?
• Reward Employees ?
• Receive full value for business ?
• Take business to next level ?
• Maintain ownership indefinately ?
  
  

Insurance Planning

• Long Term Care Insurance planning ?
• Necessary to provide "fuel" for estate plan ?
• Double the death benefit through trust planning ?
• Business Succession planning ?
• Liability Coverage as asset protection device ?
  
  

Charitable Planning
One Plan offers:

• Lifetime:
  • Income stream
  • No management
  • Tax free compounding
    

• Taxes:
  • No capital gain tax
  • Charitable Income Tax Deduction
    

• Death:
  • No Estate tax
  • Replace gift to charity with Life Insurance
    
    

Another Plan offers:

• Lifetime:
  • Gift to family at discount
    
• Death:
  • No Estate tax
    
    

Other Plans offer:

• Maintain control
• Pass values to family
• Reduce Income and Estate tax (or give up control and reduce income tax more)