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

Find out more about author Ian Filippini on

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.

Iaian Filippini of Filippini Wealth Management Group Tip #17

Ian Filippini

Ian Filippini

Ian Filippini

Estate Planning Tip #17

Find out more about author Ian Filippini on

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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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.

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