Iaian Filippini of Filippini Wealth Management Group Tip #17

Iaian Filippini and Filippini Wealth Management Group, Inc.’s Estate Planning Tip #17

There is a lot that goes into estate planning.  There are a lot of people involved, a lot of meetings, a lot of documents, and a lot of, well, planning!    Sometimes with all of this involvement, you may just want to hurry up and be done with the process.  Especially if you are not financially planning minded, estate planning can be a real chore, and things can be missed.  Things such as planning for protection against estate recovery.  Of course you should have the help of a reputable estate planner by your side to help you and guide you through this process.  Iaian Filippini is a reputable estate planner and trusted financial consultant.  In this article, Iaian Filippini and Filippini Wealth Management Group, Inc. will discuss how you can protect your home from something called estate recovery.            Iaian Filippini and Filippini Wealth Management Group, Inc. have worked with many clients who’s only asset was their home, the house that they live in.  For many people, this is a reality, says Iaian Filippini.  They don’t have tons and tons of money, they just have their home (but they own it outright), says Iaian Filippini.  But what happens if you need government medical assistance at the end of your life? Unfortunately, says Iaian Filippini, if you get medical financial aide, and then you pass away and are not able to pay it back, your home (or any other assets) can be taken.            Iaian Filippini and Filippini Wealth Management Group, Inc. says that there is a way around this and it is called a life estate.  According to Iaian Filippini and Filippini Wealth Management Group, Inc., a life estate is when there can be two owners on a property, but they are for different time periods.  Iaian Filippini says that you would be the owner while you are alive, but another owner will automatically take over at the time of your death and cannot be taken.            Iaian Filippini is a Santa Barbara local and the president of Montecito’s Filippini Wealth Management Group, Inc. Filippini Wealth Management Group, Inc. is located in Montecito, California. Filippini Wealth Management Group, Inc. was created by Alfred Filippini, who is also the late father of Iaian Filippini and his brother Alex Filippini (also worked with Filippini Wealth Management Group, Inc.). Iaian Filippini’s mother also lives in the Santa Barbara area. Filippini Wealth Management Group, Inc. is not a law firm and is not licensed to practice law. Iaian Filippini is also not licensed to practice law and is not an attorney. No advice is given or intended with this article. No legal recommendations or guidance have been provided. Contact a licensed attorney to review any legal questions or problems you may be involved in.

Ian Filippini: What Is An Estate Plan?

Ian Filippini

Ian Filippini

Ian Filippini

What Is An Estate Plan?

Find out more about author Ian Filippini on

An estate plan sounds like something from a movie.  Is sounds like something for the very rich…or at least someone with an estate.  What is an estate anyway?  Before you can understand what estate planning is, you need to understand what we are referring to when we say the word estate.  Your estate includes anything that you own.  This means everything from your house, to your bank accounts, to your records in the garage.  All of it is your estate.  You do not need to have a sprawling multi-million dollar property, (which is what some people usually think of when they think of the word estate), to need an estate plan.  For a long time, the majority of people thought that a will and an estate plan were one and the same, but this is not true.  An estate plan is much more detailed and involved than just having a will (although a will is generally included in most estate plans).  Ian Filippini is a professional estate planner with many years of experience.  In this article, Ian Filippini will briefly describe what an estate plan can include.  Ian Filippini also recommends that you speak with your own estate planning professional when you are ready to create your own estate plan.

Ian Filippini says that an estate plan is much more than to determine where your assets will go, though this is of course included.  According to Ian Filippini, an estate plan should include final medical wishes, as well as final resting wishes, neither of which can be included in just a will.  Ian Filippini says that an estate plan can name someone to take care of you if you ever become unable to care for yourself, which could be very important.

Ian Filippini says an estate plan can also name who is responsible for minor children. Filippini Financial Group, Inc. is not a law firm and Ian Filippini not an attorney. No advice is given or is intended to be given. The article above is not to be considered legal advice.

Filippini Financial Group, Inc. is a family run business situated in the Montecito area. Filippini Financial Group, Inc.’s current president is Ian Filippini. Ian Filippini also lives in the Montecito area. Ian Filippini’s brother helped out at Filippini Financial Group, Inc. and Ian Filippini’s father was also the founder of Filippini Financial Group, Inc.

Alfred Filippini passed away in 2009. Ian Filippini’s mom (Deborah Filippini) is still alive and living in the Montecito area. Ian Filippini spends time writing different articles relating to estate planning, insurance and real estate. When away from work, you can find Ian Filippini with his nephew Drew.

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The Basics – Estate Planning

What You Need To Know About Advanced Healthcare Directives Part 1

At What Age Should I Create An Estate Plan?

Estate Planning 101: Grandparent Edition Part 1

Ian Filippini: Who Should Be Executor of My Estate?

Ian Filippini

Ian Filippini

Ian Filippini

Who Should Be Executor of My Estate?

Find out more about author Ian Filippini on

Even if you have heard of estate planning, and have further heard of an executor of an estate, you may not know exactly what it is.  That’s okay!  Many people are unfamiliar with this vocabulary.  The reason why people may be unfamiliar with this, and other financial planning vocabulary is that they have not yet begun their estate planning process.  But how do I begin the estate planning process?  The first thing that you must do is choose an experienced and professional estate planner.  Ian Filippini is an expert in estate planning and financial advising.  In this article Ian Filippini will briefly discuss what you should think about when choosing an executor for your estate.

First of all, Ian Filippini wants you to know that your estate is everything that you own, all of your assets.  In the simplest terms, Ian Filippini says that’s what it is whether you have a large estate or a small estate.  The executor of your estate, according to Ian Filippini, is the person who will make sure the wishes of your estate plan are carried out.

But who should be your executor?  Ian Filippini says that the most important attributes of someone to choose to be the executor of your estate are trust and honesty.  Many people may choose their spouse, or an adult child to be the executor of their estate, according to Ian Filippini.  If you do not have a spouse or children that you wish to be in charge of your estate after you die, you may choose anyone that you like who is over eighteen years of age.  Ian Filippini says that to be the executor of someone’s estate, you do not need any special education; the courts or lawyers will guide the executor through the process.

Filippini Financial Group, Inc. is run out of Montecito, California. The current president of Filippini Financial Group, Inc., Ian Filippini, also lives in the Montecito area. This is truly a family business. Ian Filippini’s brother has also helped out at Filippini Financial Group, Inc. and Ian Filippini’s father was also the founder of Filippini Financial Group, Inc.

Alfred Filippini passed away in 2009, but Ian Filippini’s mother (Deborah Filippini) is still alive and living in the Montecito area as well. When away from work, you can find Ian Filippini with his nephew Drew.

Filippini Financial Group, Inc. is not a law firm nor does it provide legal advice. Ian Filippini does not provide legal advice and is not an attorney. The article above is not to be considered legal advice. If you are in need of legal advice, please consult a licensed attorney or law firm.

Santa Barbara Car Shows

Santa Barbara and Recycling

Estate Planning Questions Answered

The Basics of Trusts

Inheritance Question – Will My Estate Go to My Child’s Spouse?

The Basics – Estate Planning

What You Need To Know About Advanced Healthcare Directives Part 1

At What Age Should I Create An Estate Plan?

Estate Planning 101: Grandparent Edition Part 1

Ian Filippini Estate Planning 101: Grandparent Edition Part 1

Ian Filippini

Ian Filippini

Ian Filippini

Estate Planning 101: Grandparent Edition Part 1

Usually by the time you are a grandparent, you have an estate plan in place, and you probably have had one for a while.  You also probably have a financial planner that you have worked with over the years, or maybe are trying out a new financial planner to review items in your current estate plan.  Hopefully, grandparents, you do have an estate plan and do have it reviewed regularly.  Estate plans can do a lot of things to preserve your estate after you are gone, but can also help your grandchildren while you are still here.  Your financial advice should always come from a dependable financial professional.  Ian Filippini is a reliable and knowledgeable professional financial consultant.  In this article Ian Filippini will briefly discuss what a 529 account is and why it is a good idea to set one up.

Ian Filippini has heard from many people the stress of putting their children, and now perhaps their grandchildren through college.  With the financial climate the way it has been for the past decade, Ian Filippini has noticed an increase in the amount of grandparents that are paying for college tuitions, versus parents.  It is for this reason, says Ian Filippini that any grandparents with an estate plan that are planning for their grandchildren to go to college to create a 529 account.

Ian Filippini knows that many people have not even heard of a 529 account.  What is a 529 account?  Ian Filippini says that whatever is in a 529 account is not considered part of your taxable estate.  That is the basic tenet of a 529 account, according to Ian Filippini, and this would save money making it easier to pay for a grandchild’s college tuition.  You also retain full control of the account.

Ian Filippini, is currently the president of Filippini Financial Group, Inc. He has made time to author a number of articles relating to estate taxes, pre-nups, insurance, tax, asset protection, financial advice, real estate, and estate planning. Filippini Financial Group, Inc. and Ian Filippini have spent many years using their unique knowledge. With their hands on approach, they able to continually provide value to hundreds of retirees and pre-retirees in many areas of wealth management.

Filippini Financial Group, Inc. was formerly established by Ian Filippini’s late father Alfred Filippini (passed in the year 2009). Filippini Financial Group, Inc. is located on Coast Village Road in Montecito, California. Ian Filippini’s mother, Deborah Filippini, and brother, Alex Filippini, moved to the Montecito and Santa Barbara region.

No advice is given or intended.  This article is not to be considered legal advice.  Ian Filippini is not an attorney.  Filippini Financial Group, Inc. is not a law firm.

Ian Filippini: At What Age Should I Create An Estate Plan?

Ian Filippini

Ian Filippini

Ian Filippini

At What Age Should I Create An Estate Plan?

For people that are unfamiliar with the term, estate planning can sound like something foreign and storybook.  Maybe you have not had access to any financial planning tools or information.  Maybe you ignored suggestions for such a thing as estate planning because you thought it didn’t apply to you.  The truth is that estate planning applies to almost everyone.  Young people especially never think that estate planning would pertain to them, but in fact, it does.  You should always contact a trusted financial professional to seek out the most current and correct information on estate planning.  Ian Filippini is a financial planning and estate plan expert.  In this article Ian Filippini will briefly discuss why younger people should also consider creating an estate plan.

In his experience Ian Filippini has heard of many excuses from younger people (younger meaning 20-30) about why they do not need an estate plan.  Even when other financial consultants such as Ian Filippini have suggested estate planning to them, they brush it off as if it is something they will not have to think about for years and years to come.  Ian Filippini asserts that this could not be further from the truth.

Ian Filippini hears that younger people think that they do not have a large enough estate to have anything to plan for.  The word itself-estate-is also what deters young people from thinking about creating an estate plan, according to Ian Filippini.

Younger people also generally do not think about the unknown, says Ian Filippini; they do not think about accidents that could leave them incapacitated, or even dead.  Estate plans are not just to ensure that your stuff goes to who you want it to, asserts Ian Filippini, but to make sure you are taken care of the way you wish if something happens to you.

Ian Filippini is Santa Barbara’s current president of Filippini Financial Group, Inc. Ian Filippini also found time to author a number of articles relating financial advice, to real estate, insurance, tax, asset protection, and estate planning. Filippini Financial Group, Inc. and Ian Filippini have spent many years using their unique expertise. Their hands on approach consistently provides value to hundreds of retirees and pre-retirees in many areas of wealth management.

Filippini Financial Group, Inc. was originally founded by Ian Filippini’s late dad named Alfred Filippini. Filippini Financial Group, Inc. is located near Santa Barbara on Coast Village Road in Montecito, California. Ian Filippini’s mom, Deborah Filippini, and brother, Alex Filippini, moved to the Montecito and Santa Barbara area. No advice is given or intended.  This article is not to be considered legal advice.  Ian Filippini is not an attorney.  Filippini Financial Group, Inc. is not a law firm.

Ian Filippini: What You Need To Know About Advanced Healthcare Directives Part 1

Ian Filippini

Ian Filippini

Ian Filippini

What You Need To Know About Advanced Healthcare Directives Part 1

Part 2

Part 3

Part 4

Part 5

In this article Ian Filippini will be giving information on advanced healthcare directives.  Death can be a touchy subject.  It is generally not something we want to think about, whether it be our own death or the death of a loved one.  Of course the truth is that we are all going to perish one day.  Many people have heard of an advanced healthcare directive.  This sounds like a big and scary term, but it is something serious that should be looked into, usually when you begin estate planning.  There can be many details associated with advanced healthcare directives, which is why you should discuss them with your financial professional at the same time you are meeting about estate planning.  One trusted financial professional is Ian Filippini.  In this article Filippini will briefly discuss some of the basic facts on creating an advanced healthcare directive.  Ian Filippini urges you to take this information to your own personal financial professional.

Regarding advanced healthcare directives, Ian Filippini has heard a lot of questions.  People have asked Ian Filippini, if they already have an advanced healthcare directive and are still able to make decisions on their own, can their advanced healthcare directive override that?  Ian Filippini says that the answer is no.  Ian Filippini is sure that as long as you are deemed able to understand your medical condition and able to make capable decisions, your advanced healthcare directive does not supersede your own healthcare decisions.

Other concerns Ian Filippini (Filippini Wealth Management) hears about regarding advanced healthcare directives are if they need lawyers or notaries to make it a legal document.  Ian Filippini asserts that the answer to both of those questions is also no.

Ian Filippini also reminds you that you can cancel your advanced healthcare directive at any time. Filippini Wealth Management was founded by Ian Filippini. Ian Filippini also oversees the day to day operations of the business and has his brother, Alex Filippini, close by to lend a hand. Filippini Wealth Management is one stop shop designed to provide value to our clients in the areas of taxation, insurance and real estate. Ian Filippini takes the time to understand his client’s goals and the best way to implement them.

Ian Filippini Video

Filippini Wealth Management is located near Santa Barbara, in a town called Montecito. Filippini Wealth Management’s office is located just outside of the Santa Barbara city limits, but still within Santa Barbara County. Ian Filippini’s parents, Alfred Filippini (deceased) and Deborah Filippini decided to move the family to the Santa Barbara area. Ian Filippini has traveled the world and agrees with all the locals that Santa Barbara is the place to be!

Ian Filippini

Ian Filippini: The Basics – Estate Planning

Ian Filippini

Ian Filippini

Ian Filippini

The Basics – Estate Planning

Estate planning can sound like a complicated and daunting task.  It might sound like something only people of great means should do.  The truth is that estate planning doesn’t have to be very confusing or scary, but it can get complicated along the way, depending on the size and type of your estate.  You should always consult a trusted financial professional to get the most up to date and correct information on estate planning.  Ian Filippini is a trusted and experienced financial professional.  Ian Filippini is very knowledgeable on the subject of estate planning.  In this article, Ian Filippini will briefly discuss the basics of estate planning.  Ian Filippini will give the definition of estate planning, the different parts of an estate plan and when your current estate plan should be looked over.

Estate planning is basically putting your financial affairs in order.  Ian Filippini stresses that the goal is to have all of your assets set up so that you get the most advantage out of them now, and that others (if you choose) can benefit from your assets later.  This is just the very basic definition from Ian Filippini.

Ian Filippini asserts that in general, an estate plan will include at the very least, a will, (or a trust), and a final medical directive.  Ian Filippini feels that these are the most important aspects to an estate plan.

Ian Filippini has heard of some people creating an estate plan and then not thinking about it again.  Ian Filippini wants to emphasize that your estate plan should be looked at whenever there is a major change in your life.  Ian Filippini gives some examples such as marriage, divorce, births, deaths, and business purchases.

These are the basics of estate planning as told by Ian Filippini.

Filippini Financial Group, Inc. and Ian Filippini have spent many years using their unique expertise and hands on approach to provide value to hundreds of retirees and pre-retirees in many areas of wealth management. Ian Filippini is currently the president of Filippini Financial Group, Inc., has written a number of articles relating to asset protection, financial advice, real estate, insurance, tax, and estate planning.

Filippini Financial Group, Inc. is located on Coast Village Road in Montecito, California. Ian Filippini’s mother, Deborah Filippini, and brother, Alex Filippini, moved to the Montecito and Santa Barbara area. Filippini Financial Group, Inc. was originally founded by Ian Filippini’s late father Alfred Filippini.

No advice is given or intended.   Filippini Financial Group, Inc. is not a law firm. This article is not to be considered legal advice.  Ian Filippini is not an attorney.

Ian Filippini