Estate Planning Fatigue
Estate Planning Fatigue According to a recent survey conducted by CNBC.com, more than one-third of high-net-worth families have not set up a basic estate plan to protect and provide for their loved ones when they die. The survey found that 38 percent of millionaires with investable assets of $1 million or more have not established an estate plan with the help of a financial expert. Millionaires with $5 million or more were more likely to have an established estate plan with 68 percent having one. The survey also found that Republicans were more likely to use a financial advisor to set up an...
Read MoreEstate Planning for Women
Estate Planning for Women While our motto here at GQ Law is that everyone needs an Estate Plan. Today’s post is specifically for the ladies- estate planning for women.. No matter whether you’re single, married, divorced, or widowed, you need an Estate Plan. Although the tools used for estate planning are the same for women and men, there are some differences to consider. Since women are likely to live longer than men, more likely to have custody of children, they tend to face some unique challenges. Additionally, women (generally speaking) psychologically approach the process...
Read MoreWhitney Houston’s Estate Plan
Whitney Houston’s Estate Plan We’ve written on this blog before about celebrities and their notoriously bad Estate Planning. Often times these super stars leave their billions, homes, cars, jewels, royalties and family members in a big huge state of confusion, read about some specific cases in this post. With the recent passing of vocal icon Whitney Houston’s daughter Bobbi Kristina Brown, there has been quite a bit of media coverage regarding Houston’s estate. Whitney Houston’s Estate Plan was actually well in order and updated when she passed. She left...
Read MoreWhat is Estate Planning?
What is Estate Planning? We write a lot here on the blog about “Estate Planning” but I realized that some people out there may not know what Estate Planning is, means or includes. Read on for a simple explanation of what Estate Planning is and what it can do for you. An estate consists of anything you own that has value such as your car, house, life insurance policy, checking and savings accounts, investments, jewelry, etc. I have done estate planning in San Diego for 25 years and one thing has never changed – no matter how big or small your estate may be you need an...
Read MoreEstate Planning: Not Just for the Wealthy
Estate Planning: Not Just for the Wealthy According to CNBC’s latest report about Estate Planning There’s a common misperception that estate planning is reserved for the wealthy, as an attempt to shield assets from the grasp of Uncle Sam—but nothing could be further from the truth. We here at GQ Law couldn’t agree more! EVERYONE needs an Estate Plan and we are here to help! CNBC’s report reiterates that Estate Planning makes sure that you can give what you want to who you want with the least amount of taxes taken from it. You may be thinking, estate? What estate? I...
Read MoreWhat Happens If I Die Without a Will? Anna Nicole Smith
What happens if I die without a will? Look to these celebrities for what NOT to do. A lot of what happens you die without a Will, and really, without a proper and complete Estate Plan, depends on your assets. In any case, your estate will be left in Probate, a long legal process that sorts out where assets go, how much is owed in taxes, etc. If you have minor children, the will not likely end up where you had hoped they would and will get much less of your assets than they could with a proper Estate Plan. Call our office to set up an appointment with Estate Planning attorney Gary Quackenbush...
Read More