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"Are You Happy With Your Current Estate Plan?"


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Estate Planning Update
April 2011

Are you happy with your current estate plan?

Everyone should ask himself or herself this question, even those of us who do not have a will or a revocable living trust yet.

Did you know that if you don't establish your own estate plan, state law will provide one for you?

If your estate is subject to California's default plan, will the people that inherit your assets be the ones that you would have chosen?

How much will your estate be required to pay in probate fees that could have been easily avoided?

Without your input, who will be appointed as the guardian of your children?

Are you comfortable with your children having complete control of their inheritance as soon as they are 18 years old?

If you have already created your own estate plan, congratulations for being proactive on implementing your personal wishes and financial goals!

Are the people that you named in your estate planning documents up to date - beneficiaries, trustees, executors, guardians, and agents?

Have you acquired or disposed of any significant assets?

Will your estate plan still achieve your goals in light of the major changes that were made to the estate and gift tax laws 4 months ago?

Please contact me at 323.654.9513 or if you would like to discuss your current estate plan.

Brooks Paley, J.D., LL.M.
About Paley Law Corporation
Brooks 0168

Paley Law Corporation is based in Los Angeles and specializes in providing personalized, sophisticated estate planning and related legal services. Brooks Paley, J.D., LL.M., is the founding principal of Paley Law.

The above material is provided for general informational purposes only and is not intended to constitute legal advice in any particular matter. Transmission of this material does not create an attorney-client relationship. Paley Law Corporation does not warrant the content of this material and is not responsible for any errors or omissions associated with it.

To ensure compliance with requirements imposed by the Internal Revenue Service, Paley Law Corporation informs you that any U.S. tax advice contained in this communication (including any links to other websites or material) is not intended to be used, and cannot be used, for purposes of (i) avoiding penalties imposed under the Internal Revenue Code, or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.


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