Passing It On: Estate Planning for Families

By Michael Pevney

What's Passing It On: Estate Planning for Families about?

California estate planning lawyer Michael Pevney discusses various topics regarding the important world of estate planning. Living trusts. Revocable trusts. Wills. Durable power of attorney. Advance healthcare directives. Estate planning is extremely important for every family that wants to control what happens to their bodies and their property both while they're alive and after they pass away.

Download our free app to listen on your phone

Passing It On: Estate Planning for Families episodes:

06.28.2024
Trusts as beneficiaries.
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com sometimes we want to name a trust as a beneficiary of certain financial accounts, but sometimes we might want to name a trust as that beneficiary. When it comes to retirement...
06.26.2024
Putting a home inside of a trust is often as simple as signing a new deed and filing it.
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com putting a home inside of a trust is often as simple as signing a new deed and filing that deed with the local county office. The more important thing is that...
06.24.2024
A home going inside of a trust in CA is not going to affect your property taxes or your mortgage.
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com a home going inside of a trust is not going to affect your property taxes or your mortgage. As long as it is your primary residence. Rental homes, could be a...
06.21.2024
Cryptocurrency can go inside of a trust, just like any other type of asset.
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com wyliee cryptocurrency can go inside of a trust, just like any other type of asset, but make sure that it is accessible by the trustee that comes after you making sure...
06.19.2024
Please don’t hand write a will. It is a recipe for disaster.
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com please don’t hand write a will. It is a recipe for disaster. Yes it is legally allowed in some states, but many states also have forms where you can create your...
06.17.2024
Trusts are private documents. The only people entitled to see them after the pe
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com Trusts are private documents. The only people entitled to see them after the person that set up the trust, dies, or the beneficiaries or people that otherwise would’ve inherited that person‘s...
05.31.2024
How to create a trust keeping children protected from divorce.
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com how to create a trust by keeping children protected by a divorce. Make the child, the beneficiary of the trust, and use a trusted third-party to administer that trust as the...
04.29.2024
Trust are private documents, to a point. They are typically not filed with any government agency, bu
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com trust are private documents, to a point. They are typically not filed with any government agency, but when the person who creates the trust passes away, typically children of that person...
04.27.2024
A trust is usually better than a will, for passing along real estate for four reasons. Cost, control
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com a trust is usually better than a will, for passing along real estate for four reasons. Cost, control, privacy, waste of time.#EstatePlanning #LivingTrust #FillThatBucket #Pevney #financialfreedom #orangecounty
04.24.2024
You might be able to transfer real estate using a power of attorney document, if that power of attor
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com you might be able to transfer real estate using a power of attorney document, if that power of attorney specifically allows you to engage in real estate transactions and estate planning....
04.22.2024
Avoid probate with a living trust. Probate is expensive, putting property inside of trust
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com #onthisday avoid probate with a living trust. Probate is expensive, putting property inside of trust, avoids that cost. You have a lot of control from beyond the grave with a trust...
04.20.2024
Inheritances are separate property, even if you live in a community property state like California.
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com inheritances are separate property, even if you live in a community property state like California. The very smart thing to do would be to sign a postnuptial agreement making clear what...
04.18.2024
a home with a mortgage, if it’s your primary residence can go inside of a trust. This is
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com Lynn Young a home with a mortgage, if it’s your primary residence can go inside of a trust. This is based on a federal law that was passed over 40 years...
04.15.2024
property inside of a revocable living trust can be used as a collateral on a loan because you have c
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com property inside of a revocable living trust can be used as a collateral on a loan because you have complete control of everything inside of that trust if it is written...
04.12.2024
Life insurance is an important part of any estate plan. As part of that plan, you might wanna consid
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com Life insurance is an important part of any estate plan. As part of that plan, you might wanna consider making a trust the beneficiary instead of an individual. This provides more...
04.10.2024
sometimes it can be good idea to make a living trust the beneficiary of a life insurance policy beca
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com sometimes it can be good idea to make a living trust the beneficiary of a life insurance policy because of the protections it provides the beneficiaries. Protections like making bad decisions,...
04.08.2024
rental properties should typically go inside of a trust just like a primary residence. It receives t
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com rental properties should typically go inside of a trust just like a primary residence. It receives the same benefits of a trust. First, it avoids the cost of probate. Second, you...
04.06.2024
in California, your property taxes will not be reassessed after putting your primary home i
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com in California, your property taxes will not be recessed reassessed after putting your primary home in a revocable living trust. That is one of those exceptions. Also, you will not have...
03.01.2024
How to title property in the name of a trust.
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com How to title property in the name of a trust. A trust has to have a name, you can pretty much name it whenever you want as long as it has...
02.28.2024
Where do you keep your estate planning documents?
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com Where do you keep your estate planning documents. Remember, trusts are private documents, and we don’t ever file them with any government agency which means that they have to be kept...
02.27.2024
Make sure the kids don’t fight and squabble over the family home after you are gone.
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com Make sure the kids don’t fight and squabble over the family home after you are gone. The better decision is to put the home inside of a living tust with the...
02.24.2024
Sometimes it’s not responsible for kids to inherit hundreds of thousands of dollars or more.
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com Sometimes it’s not responsible for kids to inherit hundreds of thousands of dollars or more as soon as they turn 18 with no restrictions on that money. He living trust is...
02.21.2024
Factors to think about when choosing a guardian for your kids.
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com Factors isn’t about when choosing a guardian for your kids, if you pass away. First, geography. Where do they live, your kids are likely going to move in with them. Second,...
02.19.2024
Estate planning documents that every parent needs.
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com Estate planning documents that every parent needs. A revocable, living trust to make sure that kids inherit things responsibly. A financial power of attorney to make sure someone can make financial...
02.16.2024
Debt cannot be inherited by somebody that never agreed to pay in the first place.
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com debt cannot be inherited by somebody that never agreed to pay in the first place. Somebody that holds a car note cannot force the people you leave behind to pay the...
02.14.2024
Joint ownership of property can help avoid probate, but be careful.
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com joint ownership of property can help avoid probate. But what happens after the first joint owner passes away, without an estate plan? They need some sort of way of getting that...
02.12.2024
Trusts are private. One of the best benefits of putting property in trust is that it is not open to prying eyes
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com Trusts are private. One of the best benefits of putting property in trust is that it is not open to public record. If kids or people that are unsophisticated with money,...
02.09.2024
Special Needs provisions are part of the versatility of revocable living trusts.
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com special-needs trusts are part of the versatility of revocable living trusts. They can care for beneficiaries with special needs, due to important things. First, making sure the beneficiary doesn’t make bad...
02.07.2024
Make sure that the kids can’t sell the house or the business by using a living trust.
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com Mayne make sure that the kids can’t sell the house or the business by using a living trust. A living trust gives you control of those assets even after death. If...
02.06.2024
Three reasons not to give your house to your kids.
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com Aleman655 three reasons not to give your house to your kids. One, it now belongs to them. They can sell it without your permission. Too, the home is not protected from...
02.02.2024
Make sure kids don’t fight over your family home after you pass away.
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com Make sure kids don’t fight over your family home after you pass away. Bring the home inside of a living trust and you a lot of control over what happens to...
02.01.2024
Be Careful About How To Take Title On A Deed To A Property
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com the way that our property deed is written, can sometimes control what happens to the property after one of the owners dies. However, a married couple does not automatically leave their...
01.30.2024
A House With A Mortgage Can Go Inside A Trust
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com a house with one, two, three mortgages can still go inside of a trust. If your name is on the deed to the home, you own the home, and it can...
01.29.2024
Do not keep your estate plan documents in a safe deposit box
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com Do not keep your estate plan documents, the revocable living trust, and an advanced healthcare directive inside of a bank safe deposit box. You can only access those items when the...
01.27.2024
Without A Trust, In Can Take 28 Months To 2 Years To Sell A Home After A Death
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com it can take 18 months to two years to get a home sold after the owner passes away. Unless, of course, that Home is inside of a living trust. Property inside...
01.25.2024
4 Reasons A Trust Is Better Than A Will
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com trusts are better than Wills for four reasons. Cost, save up to $50,000 in probate fees. Control, make sure your beneficiaries are protected from both creditors and predators. Privacy, make sure...
01.23.2024
How To Cut Your Kids Out Of Your Estate
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com estate planning, sometimes means, leaving nothing to your children. In most places in the country, you are simply allowed to do this. Your property belongs to you, and you can leave...
01.19.2024
Three Ways To Transfer A Home To A Child
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com a house gets in a child’s name three typical ways. First, the parents put the child’s name on the deed before the parents pass away. I think this is a bad...
01.18.2024
Protect Children From Creditors And Creditors With A Trust
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com Protect your children, in the future, from predators and predators. The best way to do this is not for them to inherit money directly, but by way of a trust, typically...
01.15.2024
If Your Parents Leave You Their Home, You Can Usually Take Over Their Mortgage
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com if your parents pass away and you take over the mortgage to their home with the bank, and you should be entitled to any tax deductions that you would otherwise be...
01.12.2024
Funding A Trust Means Putting Things Into That Trust
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com Funding a trust means putting things into that trust. That might mean opening, titling, retitling, or making beneficiary, designations of financial accounts, like IRAs, 401(k), checking accounts, saving accounts and life...
01.11.2024
A Trust Is Better Than A Will In Most Cases
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com A trust is better than a will, in most cases, because it avoids the cost, often times the very high cost of probate. Especially if you own real estate. Another great...
01.03.2024
Probate Is The Court Run Judge Approved Asset Distribution Program
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com Thompson probate is the court run asset distribution program that property has to go through when somebody passes away without that property inside of a trust. Unfortunately, it can be time-consuming...
12.22.2023
A Home Gets Out Of A Trust By Using A Deed
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com #onthisday a home gets out of a trust after you’re gone by way of a deed. You basically need a death certificate along with a copy of the trust in order...
12.22.2023
Be Careful About Buying A Home With A Partner You're Not Married To
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com Be careful about buying that home with somebody that you’re not married to, especially if you don’t have an estate plan set up. If you pass away, may not end up...
12.21.2023
The Successor Trustee Can Take Over If You Are Incapacitated But Not Dead
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com The next trustee can take over not only when you're dead, but also when you’re medically incapacitated. This gives them power over the property inside of the trust, but it typically...
12.20.2023
A Home Gets In A Trust By Filing A Deed At The Appropriate County Office
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com A home is put inside of a living trust by drawing up a new deed to the home. The home is transferred from the owners, typically to the owners as trustees...
12.19.2023
Make A Living Trust Very Official By Getting It Notarized
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com technically a trust does not have to be notarized, however, this would be a foolish mistake. Try and go to a bank and set up a trust bank account. No dice....
12.18.2023
The Essential Reasons To Get Real Estate Inside A Trust
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com Putting real estate inside of a living trust is so important for the following reasons. First, it keeps your home out of probate. Depending on the state you live in probate,...
12.15.2023
A Home With A Reverse Mortgage Can Go Inside Of A Trust
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com A reverse mortgage is in many ways like any other mortgage. A loan that you owe that is secured debt. Yes, a home with the reverse mortgage can go inside of...

What's Passing It On: Estate Planning for Families about?

Download our free app to listen on your phone

Passing It On: Estate Planning for Families episodes:

Trusts as beneficiaries.

Putting a home inside of a trust is often as simple as signing a new deed and filing it.

A home going inside of a trust in CA is not going to affect your property taxes or your mortgage.

Cryptocurrency can go inside of a trust, just like any other type of asset.

Please don’t hand write a will. It is a recipe for disaster.

Trusts are private documents. The only people entitled to see them after the pe

How to create a trust keeping children protected from divorce.

Trust are private documents, to a point. They are typically not filed with any government agency, bu

A trust is usually better than a will, for passing along real estate for four reasons. Cost, control

You might be able to transfer real estate using a power of attorney document, if that power of attor

Avoid probate with a living trust. Probate is expensive, putting property inside of trust

Inheritances are separate property, even if you live in a community property state like California.

a home with a mortgage, if it’s your primary residence can go inside of a trust. This is

property inside of a revocable living trust can be used as a collateral on a loan because you have c

Life insurance is an important part of any estate plan. As part of that plan, you might wanna consid

sometimes it can be good idea to make a living trust the beneficiary of a life insurance policy beca

rental properties should typically go inside of a trust just like a primary residence. It receives t

in California, your property taxes will not be reassessed after putting your primary home i

How to title property in the name of a trust.

Where do you keep your estate planning documents?

Make sure the kids don’t fight and squabble over the family home after you are gone.

Sometimes it’s not responsible for kids to inherit hundreds of thousands of dollars or more.

Factors to think about when choosing a guardian for your kids.

Estate planning documents that every parent needs.

Debt cannot be inherited by somebody that never agreed to pay in the first place.

Joint ownership of property can help avoid probate, but be careful.

Trusts are private. One of the best benefits of putting property in trust is that it is not open to prying eyes

Special Needs provisions are part of the versatility of revocable living trusts.

Make sure that the kids can’t sell the house or the business by using a living trust.

Three reasons not to give your house to your kids.

Make sure kids don’t fight over your family home after you pass away.

Be Careful About How To Take Title On A Deed To A Property

A House With A Mortgage Can Go Inside A Trust

Do not keep your estate plan documents in a safe deposit box

Without A Trust, In Can Take 28 Months To 2 Years To Sell A Home After A Death

4 Reasons A Trust Is Better Than A Will

How To Cut Your Kids Out Of Your Estate

Three Ways To Transfer A Home To A Child

Protect Children From Creditors And Creditors With A Trust

If Your Parents Leave You Their Home, You Can Usually Take Over Their Mortgage

Funding A Trust Means Putting Things Into That Trust

A Trust Is Better Than A Will In Most Cases

Probate Is The Court Run Judge Approved Asset Distribution Program

A Home Gets Out Of A Trust By Using A Deed

Be Careful About Buying A Home With A Partner You're Not Married To

The Successor Trustee Can Take Over If You Are Incapacitated But Not Dead

A Home Gets In A Trust By Filing A Deed At The Appropriate County Office

Make A Living Trust Very Official By Getting It Notarized

The Essential Reasons To Get Real Estate Inside A Trust

A Home With A Reverse Mortgage Can Go Inside Of A Trust

Other shows like Passing It On: Estate Planning for Families: