Protect What You EARN! Protect What You OWN !!
Estate planning is all about protecting your loved ones, which means in part giving them protection from the Internal Revenue Service. Essential to estate planning is transferring assets to heirs with an eye toward creating the smallest possible tax burden for them.
If you have,
– MINOR kids (even major kids to pass the legacy)
– $150k and above worth of assets (as per CA law)
Estate Plan – Will/Trust is NOT Optional, but MUST and even if you are H1b holder in California.
Why Estate Planning? 2-Reasons:
Once kids become major, they will have to go through Probate process to claim the assets.
How to do? 3-Steps:
Keep the signed binder in safe-place.
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