Ian Filippini Santa Barbara
Goodbye Will, Hello Living Trust
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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.