Estate Planning News – April 14th, 2014

In this week’s inaugural edition of Estate Planning News, our firm has selected some helpful articles from around the web that cover problems commonly encountered by clients during the Estate Planning process: so our readers won’t make them! In an article from CNBC, authors highlight mistakes Estate Planning clients frequently make. The problems discussed occur all too often, as clients consistently regard Estate Planning as a “one-time” action rather than the lifelong process it ought to be. This is great reading for people who have not reviewed their estate plan recently. Along similar lines, Professor Gerry Beyer of Wills, Trusts & Estates Prof Blog identifies the “Ostrich Syndrome” associated with Estate Planning, where clients do not want to begin the process because it is difficult to confront the questions associated with drafting a comprehensive plan. We wholeheartedly agree with him that this creates more problems than it solves. The article about an Estate Planning checklist is a good place for people overcoming the aforementioned “Ostrich Syndrome” to start when they realize they need a plan. It can be overwhelming to consider all of the steps that need to be taken when planning for the future, and having an easy-to-understand list of potential considerations is a big help. Finally, we conclude this week’s Estate Planning News with an interesting piece about digital assets and estate planning. In an age increasingly dependent on intangible assets and cloud technology, considering things like email accounts, subscriptions, and other digital property are often an afterthought when it comes to Estate Planning. Avoid the top 5 estate-planning blunders – Avoid the top 5 estate-planning blunders...

Spring 2014 Newsletter

Portability Explained Preserving Estate Tax Exemptions for Married Couples.
You’ve Been Named Successor Trustee – What Does That Mean?
FREE SEMINAR – SUCCESSOR TRUSTEE DUTIES – Wednesday April 9, 2014 at 2:00 p.m 970 W. 190TH STREET, TORRANCE, CA 90502
Spotlight: Accident Law, The Most Important Thing You Can Do Before Your Accident By James L. Pocrass, Esq. Pocrass & De Los Reyes LLP