The Indian Business Owner TIBO Magazine - Volume 001 - Page 21

public . Just as you do not want strangers looking into your bank accounts while you are alive , you want to maintain that same privacy for your family when you are no longer . The only way to achieve this privacy and level of efficiency is with a living trust .
In addition to the Living Trust , your Estate Plan will have a Will . A Will is a document that explains your family history – whether you are married , and who your children are . A Will is also where you will make the critical nomination of Guardians for your children , if they are under 18 years of age . Just as with nominating a financial trustee , it is equally , if not more , important to make the decision about who would step into your shoes to care for your children if you are not here to care for them . Your Estate Plan will also have power of attorney documents to ensure that your assets and medical affairs are handled by your trusted loved ones if one day you should become incapacitated . Incapacity is something many of us forget to consider , but we must not this topic . As such , your Estate Plan will cover all the bases for you , from incapacity to death .
Estate Planning is not a topic to take lightly or leave to chance ; this is your opportunity to empower yourself and your family . What you have worked hard for – your family and your finances – should not be squandered in any fashion . Empower your family with a loving legacy and do the job so that they do not have to pick up the pieces when you are no longer around .
Attorney , you will discuss who will take care of your assets when you are gone . These individuals will be your financial trustees . Your trustees will step into your shoes and act in your place to ensure that your hard-earned assets are settled and distributed exactly to your wishes . This means that your family need not seek the permission of a Probate Court Judge in order to distribute assets ; this means that all of your affairs will be handled privately – the way it should be . If you do not nominate a trustee and leave your assets in the hands of the Probate Court , then upon your death , the entire inventory of your estate is made 19 | TIBO Magazine - Fall 2016
Kern D . Singh , Esq . Singh Law Firm kern @ singhlawfirm . com
Attorney Kern D . Singh is a co-Founding Partner with The Singh Law Firm , PC . Mr . Singh has dedicated his practice exclusively to all aspects of Estate Planning . By doing so , he has become a top California Estate Planning Attorney and an irreplaceable asset to the many individuals , families , and entrepreneurs Singh Law Firm represents .
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public. Just as you do not want strangers looking into your bank accounts while you are alive, you want to maintain that same privacy for your family when you are no longer. The only way to achieve this privacy and level of efficiency is with a living trust. In addition to the Living Trust, your Estate Plan will have a Will. A Will is a document that explains your family history – whether you are married, and who your children are. A Will is also where you will make the critical nomination of Guardians for your children, if they are under 18 years of age. Just as with nominating a financial trustee, it is equally, if not more, important to make the decision about who would step into your shoes to care for your children if you are not here to care for them. Your Estate Plan will also have power of attorney documents to ensure that your assets and medical affairs are handled by your trusted loved ones if one day you should become incapacitated. Incapacity is something many of us forget to consider, but we must not this topic. As such, your Estate Plan will cover all the bases for you, from incapacity to death. Estate Planning is not a topic to take lightly or leave to chance; this is your opportunity to empower yourself and your family. What you have worked hard for – your family and your finances – should not be squandered in any fashion. Empower your family with a loving legacy and do the job so that they do not have to pick up the pieces when you are no longer around. Attorney, you will discuss who will take care of your assets when you are gone. These individuals will be your financial trustees. Your trustees will step into your shoes and act in your place to ensure that your hard-earned assets are settled and distributed exactly to your wishes. This means that your family need not seek the permission of a Probate Court Judge in order to distribute assets; this means that all of your affairs will be handled privately – the way it should be. If you do not nominate a trustee and leave your assets in the hands of the Probate Court, then upon your death, the entire invent ܞHو[\\]H\XYBNHPXY^[H H[ M\ [ \K[]\B\[]ٚ\KB]ܛ^H\ [\HQ[[\\]B[]\Kˈ\[\YX]Y\XXB^\][H[\Xو\]H[[ˈH[B\XYHH[YܛXH\]H[[]ܛ^H[[\\XXXH\]HX[H[]YX[[Z[Y\[[\[]\[]\H\\[˂˕PXY^[KB