Ian Filippini Santa Barbara Goodbye Will, Hello Living Trust

Ian Filippini

Ian Filippini

Ian Filippini Santa Barbara

Goodbye Will, Hello Living Trust

Find out more about author Ian Filippini on

For a long time, wills were the way to go.  It was an easy and go to thing that most people did, at the very least, for their estate plan.  In a will, you list any property or assets that you wish for people to inherit after you pass away.  This sounds easy enough right?  Well, that part may be easy, but whatever property you leave to people through your will, is all usually subject to going through probate.  Probate is not fun.  Probate is when the court determines if your will is valid and also makes sure that your estate pays for any debts that you still owe upon your death.  Probate takes a long time and can also be a costly process.  This can be a hindrance to those dealing with your estate after you are gone.  The process of probate will also keep your property from being distributed for weeks, or possibly even months.  There is a better solution—the living trust.  Ian Filippini Santa Barbara has been helping his clients with estate plans for many years.  Ian Filippini is a trusted financial advisor and estate planner.  In this article, Ian Filippini and Filippini Financial Group, Inc. will briefly discuss why a living trust may be a better choice than a will.
According to Ian Filippini and Filippini Financial Group, Inc., putting property into a living trust, rather than a will can help that property avoid going through probate.  Ian Filippini Santa Barbara says that when a trust is created, the trust is who now owns the property within it.  This is why the property is not considered part of your estate anymore, asserts Ian Filippini and Filippini Financial Group, Inc.  Ian Filippini and Filippini Financial Group, Inc. says that it is called a living trust because you create it while you are still living.  Ian Filippini and Filippini Financial Group, Inc. says that a living trust is a good alternative to a will.
Filippini Financial Group, Inc. was founded by the late Alfred Filippini. Alfred is also the father of Ian Filippini and his brother Alex Filippini. Their mother, Deborah Filippini, is alive and well. She is also living in the Santa Barbara area close to the boys. Filippini Financial Group, Inc. is also located in the Santa Barbara area. Ian Filippini Santa Barbara and Filippini Financial Group, Inc. will take whatever time is need to understand and achieve their clients goals.
Ian Filippini not an attorney and Filippini Financial Group, Inc. is not a law firm. Neither are licensed to practice law and this article should not be used for legal advice. Seek the advice of a licensed attorney with any legal concerns.

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Ian Filippini Santa Barbara No More Probate

Ian Filippini

Ian Filippini

Ian Filippini Santa Barbara

No More Probate

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Probate is something that everyone would just rather avoid.  It takes up your time, usually it takes money (because usually you need a lawyer), and it ties up your loved one’s estate for as long as it takes the probate process, and this includes paying any debts that are owed.  When you are dealing with a loved one’s death, you are already dealing with so much, probate is not something that you want to throw onto the fire.  Luckily, there are some legal ways to avoid some, or all of your estate from going to probate court after you die.  Ian Filippini has been helping his clients’ estates avoid probate for many years.  In this article, Ian Filippini will briefly discuss several ways to avoid probate.
According to Ian Filippini Santa Barbara and Filippini Financial Group, Inc., the easiest way to avoid some of your property going through probate is to gift it away before you die.  Of course, says Ian Filippini and Filippini Financial Group, Inc., this comes with a lot of strings attached.  You have to be willing to be done with the property already (before you die), and know who you want to inherit it.  According to Ian Filippini, there will also be gift taxes associated with this strategy.  Ian Filippini Santa Barbara says to talk to your estate planning specialist to determine if the taxes or the cost of probate for that property will be less expensive.
Ian Filippini asserts that setting up payable on death accounts is also an easy way for that money to avoid probate.  Ian Filippini Santa Barbara and Filippini Financial Group, Inc. say that this process is just as easy as you would think; you set up certain accounts (or all of your accounts) payable to a beneficiary at the moment of your death.
Lastly, Ian Filippini and Filippini Financial Group, Inc. will mention living trusts.  Ian Filippini says that this way, the trustee will technically own the trust.
Filippini Financial Group, Inc. was originally founded by Ian Filippini’s father, Alfred Filippini. Alfred passed away in 2009, but Ian Filippini’s mother still lives in the Santa Barbara area. Ian Filippini’s brother, Alex Filippini, has also been close by to be able to help Ian Filippini with Filippini Financial Group, Inc. Ian Filippini and Filippini Financial Group, Inc. take pride in spending the time to listen to their client’s goals and then implementing them.
Ian Filippini is not a licensed attorney and does not practice law. Filippini Financial Group, Inc. is not licensed to practice law and is not a law firm. Consult with a licensed attorney to review any legal questions or issues that may arise.

Ian Filippini Santa Barbara Best Kept Secrets

Ian Filippini

Ian Filippini

Ian Filippini

Best Kept Secrets: Estate Planning

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There can be a lot of parts to an estate plan.  A lot of people know about the most well-known parts to an estate plan: wills and trusts.  These two parts are very important parts to most estate plans, but there are many other parts and pieces as well.  If you are not working with an estate planning specialist, you may not be aware of all of your estate planning options.  The truth is that estate planning can get very complicated and include a lot of technical and legal jargon, which is why the smart way to go is to work with a professional.  For some things DIY is a good idea, but not for estate planning.  Ian Filippini and Filippini Financial Group, Inc. are estate planning specialist.  Ian Filippini is also an expert at wealth management.  In this article Ian Filippini and Filippini Financial Group, Inc. will briefly discuss two of the best kept secrets when it comes to estate planning.
First, Ian Filippini says that these two “secrets” should not even really be secrets!  The two things that Ian Filippini is going to discuss in this article should be common knowledge if you have created an estate plan, or if you are considering going through the process.
Ian Filippini and Filippini Financial Group, Inc. say that if you have a business, this secret is for you.  Ian Filippini says that it is more than important to have a succession plan in place if you own your own business, or are partners in a business.  Ian Filippini says that there are many ways in which to do this.  According to Ian Filippini, it will make things a lot easier if you have this sort of plan in place.
Ian Filippini and Filippini Financial Group, Inc. say that the most important thing to remember after creating your estate plan (and before, really) is to store your important documents safely.
Ian Filippini is the current president of Filippini Financial Group, Inc. and is also a Santa Barbara local. Filippini Financial Group, Inc. is also located within Santa Barbara County in a small beach town named Montecito, California. Ian Filippini’s late father, Alfred Filippini, was the original founder and original creator of Filippini Financial Group, Inc. Alfred Filippini passed away in 2009 from liver cancer and Ian Filippini has been running Filippini Financial Group, Inc. and the family business.
Ian Filippini is not an attorney and is not licensed to practice law. Filippini Financial Group, Inc. is also not licensed to practice law and is not a law firm. Ian Filippini and Filippini Financial Group, Inc. say to consult a licensed attorney with for any legal advice.

 

Ian Filippini Santa Barbara How to Make an Estate Plan

Ian Filippini

Ian Filippini

Ian Filippini

How To Make An Estate Plan

Find out more about author Ian Filippini on

There are lots of pieces that can go into making an estate plan.  You should always talk to your own estate planner to figure out the pieces of an estate plan that are the best fit for you.  Estate plans will be different for everyone, because everyone has their own personal financial needs.  This article will explain the steps you can take to starting to create your own estate plan with your estate planning professional.  Ian Filippini is an estate planning professional.  Ian Filippini is also a financial advisor.  In this article Ian Filippini and Filippini Financial Group, Inc. will briefly discuss the steps you can take to start to create your own estate plan.
Ian Filippini says to first make a will.  Ian Filippini and Filippini Financial Group, Inc. know that you know the basics of what a will is.  A will is a document detailing who will get your stuff when you die.  In a will, you will also decide and record who will be guardians to any minor children that you may have at the time of your death, according to Ian Filippini and Filippini Financial Group, Inc.
Next, Ian Filippini says that you need to think about creating a trust.  Ian Filippini says that this will depend on the type and the amount of property and assets that you have. Ian Filippini says to talk to your own financial advisor to decide if creating a trust is the right decision for you.
Another important element of estate planning to consider in your planning is a health care directive.  Ian Filippini asserts that a healthcare directive is the smart thing to do, and this goes for everyone.  Ian Filippini and Filippini Financial Group, Inc. say that a health care directive will let people know of your medical and final wishes, if you are unable to express them and decisions need to be made.
Filippini Financial Group, Inc. is located in Montecito, California. Filippini Financial Group, Inc. is run by its current president, Ian Filippini. Filippini Financial Group, Inc. and Ian Filippini have years of experience working with Santa Barbara locals and their estate planning needs. Filippini Financial Group, Inc. was originally created by Ian Filippini’s late father, Alfred Filippini. Ian Filippini’s brother is named Alex Filippini. Ian Filippini’s mother is named Deborah Filippini. Both Ian Filippini’s brother and mother live in the Santa Barbara area and are alive and well.
Ian Filippini is not an attorney. This article is not intended to provide legal advice. Filippini Financial Group, Inc. is not a law firm and does not practice law. Consult a licensed attorney with any legal questions.