Top Ten Things You Should Know About Estate Planning

By October 20, 2014 eNews

Did you know that over half of parents in the U.S. with children do not have a will? Creating a will or trust can be daunting and time consuming, but it doesn’t have to be!

Join us on November 12th or November 20th to learn from our Professional Advisory Council* about the importance of creating and updating your will – and the top ten most useful financial planning tips. This is a FREE workshop you will not want to miss!

We are holding two sessions at the MBUSD Office (325 S. Peck Avenue, MB): November 12 at 5:30pm and November 20 at 9:00am. We hope you will join us for one session. Kindly RSVP here: November 12 or November 20.

Here are some questions the panel will answer.

  1. Why do I need an estate plan—if I do nothing, won’t it all go to my spouse, and then my kids?
  2. What is a living trust, how does that differ from a will and why do I need it?
  3. What are the basic concepts I need to know about estate planning?
  4. If I am married, why shouldn’t I leave everything outright to my surviving spouse?
  5. How am I going to leave my children their inheritance?
  6. What about paying for their education?
  7. Who is going to manage the money held in trust for my children after I’m gone?
  8. Who is going to raise my children? Where will they live?
  9. What if I’m alive but can’t make decisions for myself—who is going to manage my money?
  10. What if I’m alive but can’t make decisions for myself—who is going to make my medical decisions, and how are they going to know what I want?

*The MBEF Community Education Series is supported by our Professional Advisory Committee (PAC) to provide free workshops to our parents and community members. PAC consists of local Manhattan Beach attorneys, financial and estate planners, and CPAs, who generously volunteer their time and expertise to deliver informative workshops focused on the importance of financial planning and tax-savings options.

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