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When should I review or update my Living Trust?

Feb 4th, 2010 by admin

When should I review or update my Trust?

You should review your estate planning documents periodically. If it is not up to date when you die, your estate may not be distributed as you wish.

Your Trust can be changed through an Amendment, a legal document that must be drafted and executed with the same procedure that applies to Trusts. Do not change your documents by writing on them or by crossing out words or sentences.

You should review your plan when:

  • You get married or divorced
  • There are major changes in your family (births or deaths)
  • Your children come of age
  • You receive a windfall or significant loss of assets
  • You no longer find your choice of guardian or executor appropriate
  • It has been 3 years since your last review

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Refining Estate Administration (an NBI seminar for Attorneys and Paralegals)

Feb 2nd, 2010 by admin

Quickly resolve cases in probate while protecting your client’s legacy. Are you equipped to efficiently take estates through probate while still preserving an inheritance for beneficiaries? Join us and receive practical procedural tips shared by experienced practitioners that will assist you in handling the critical details and functions of a successful probate practice.

March 23, 2010 at the Hilton San Diego Gaslamp Quarter: 401 K Street, San Diego, CA 92101. (619) 231-4040. 

9:00 A.M. – 4:30 P.M.

This is an intermediate level seminar designed for those specializing in estate planning and administration. Seminar led by: Meredith G. Alcock, Esq.; Audrey J. Grossman, Esq.; David P. Jones II, Esq.; and, Daniel K. Printz, Esq.

6.0 units of CLE for Attorneys and Paralegals. 6.0 units of specialization in the area of estate planning for the California Board of Legal Specialization.

Cost: $339 first attendee; $329 each additional. Audio Recording: $339. Manual only: $99. CD and Manual only: $199.

Enroll at: http://www.thelegacylawyer.com/first

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Posted in Daniel Printz, probate | No Comments »

Living Trusts and Estate Planning Basics for Parents

Jan 3rd, 2010 by admin

Parents with young children need a formal estate plan – even inexpensive simple wills can prevent substantial harm.  But making the necessary decisions can be daunting: Who do I nominate as my child’s guardian? Should that person also control her money? Can my children stay in the family home, or will they be relocated?  Will my child’s property be lost to probate fees or taxes? What financial decisions can I make now to protect my money for my children?

Speaker Daniel K. Printz, Esq., teaches “Estates, Wills and Trusts’ in the University of San Diego’s intensive paralegal program. He will speak on the essentials of estate planning for young families at this seminar – free for Parent Connection members and $10 for non-members.

Wednesday, January 27, 2010. 6:30 p.m. to 8:00 p.m.  Scripps Coastal Medical Center. 2176 Salk Avenue, Carlsbad, CA 92008.  South Entrance.

To register, use this link and find our seminar “Wills and Trusts” through the pull-down menu: http://www.sandiegoparent.com/TPC/event/signup.html

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Posted in Daniel Printz, Estate Planning, Living Trusts, New Parents, university of san diego | No Comments »

Grand Opening – Travel Babees of San Diego

Dec 3rd, 2009 by admin

If you have guests with young children coming into town, the best thing you can do to make their trip easy and efficient is to make sure they have quality baby/toddler equipment ready for them. Don’t buy it and then have to store it or re-sell it. Instead, RENT the equipment from a top-rated baby equipment supply source.

Please be our guest at the Grand Opening of Travel BaBees of San Diego. At last this nationally recognized provider of baby and toddler supplies has come to San Diego County. We’re celebrating with coffee and desserts here in North County, and would love for you to join us!

Travel BaBees of San Diego Quality

Baby equipment rentals and supplies delivered wherever life

takes you and baby.

Genevieve Koesling and Tracy Chin, owners of Travel BaBees of San Diego, will speak about how baby equipment rentals will ease your holidays, as well as what the new and recommended equipment is! Don’t know your Bugaboo from your Britax? We’ll show you the way!

Law Office of Daniel K. Printz

Representing San Diego’s Parents and Children

Daniel K. Printz, Esq., is adjunct faculty at the University of San Diego, where he teaches “Estates, Wills & Trusts.” Mr. Printz will speak briefly on why it’s so important to nominate a guardian for your minor child, and some of the pitfalls an experienced estate planner will help you avoid.

December 10, 2009 7:00 p.m.

Camden Old Creek Clubhouse

1935 Northstar Way San Marcos, CA 92078

(just off San Elijo Road at Rancho Santa Fe Road)

Please R.S.V.P. to (858) 740-4370 or daniel@TheLegacyLawyer.com

Posted in Daniel Printz, Estate Planning | No Comments »

Introduction to Guardianships

Nov 19th, 2009 by admin

If you are a new parent, you have questions about guardians. 

  • What is a guardian?
  • How do I nominate a guardian?
  • How do I choose a guardian for my child?

If you are interested in learning more about Guardianships and/or nominating a guardian for your child, see my powerpoint presentation – “Introduction to Guardianships”, available through Google Documents.

Want more information? Call the Law Office of Daniel K. Printz at (858) 740-4370.

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Organizing financial and legal documents

Oct 28th, 2009 by admin

It’s very inexpensive to obtain a reasonable sized fire-proof safe at your local Home Depot, Costco, or office supply store.

SAFE DEPOSIT BOX CHECKLIST

BASIC INSTRUCTIONS
  • keep these documents in a safe deposit box or fireproof safe
  • check off each item as you include it
  • include the date and location of your safe deposit box
  • keep list at home in a file labeled “safe deposit box”
  • if you remove something permanently, change your list
LEGAL RECORDS
  • copies of drivers licenses
  • copies of other items in your wallet (in case stolen)
  • list of credit card account numbers
  • insurance policies
  • last will and testament
  • living wills
  • powers of attorney (durable and medical)
  • also give copies to executor in a sealed and labeled envelope
PERSONAL RECORDS
  • social security cards
  • birth or adoption certificates
  • death certificates
  • marriage licenses
  • divorce decrees
  • military records
  • passports
PROPERTY RECORDS
  • vehicle titles
  • household inventory (video, photos, appraisals, etc.)
  • real estate warranty deeds
VALUABLES
  • jewelry
  • coins
  • collectibles
  • other expensive or hard-to-replace items
  • may need additional insurance when items not locked away
WHAT PAPERS TO KEEP ON HAND
  • cemetery deeds, burial instructions, and estate documents
  • box may be sealed upon your death
  • need to make sure family has your last wishes and instructions
  • tax records
  • copies of education records, diplomas, and transcripts
  • appliance and equipment instructions and warranties with serial numbers
  • bank statements and cancelled checks
  • credit card statements
  • medical and health records
  • investment account statements
  • passports or passport numbers

Lynn Plait is a Professional Organizer who specializes in personal finance. Visit her website at www.finorder.com. or contact her at lynn@finorder.com.  Content provided by OnlineOrganizing.com – offering “a world of organizing solutions!” Visit www.onlineorganizing.com for organizing products, free tips, a speakers bureau, get a referral for a Professional Organizer near you, or get some help starting and running your own organizing business.

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Posted in Estate Planning, Planning for Incapacity | No Comments »

Estate Planning Tips for the Divorced

Oct 12th, 2009 by admin

Tips for the Recently Divorced Client:

1. Update your Life Insurance Beneficiary designation:

A divorced person needs to make sure that he/she
updates the life insurance beneficiary designations following the completion of the divorce. If you nominates a minor, the minor’s guardian will receive the funds on behalf of the minor. Therefore, it is vital that the guardian of the child’s estate is nominated in your will.

2. Update your Retirement Plan Beneficiary designation:

A divorcee will also need to update their retirement plan beneficiary designation. If the minor child is designated as beneficiary, the minor’s legal guardian will take over the assets on behalf of the child, unless there is a “Guardian of the Estate” designation so that the retirement plan administrator has the proper designee.

3. Update the Trustee nominations of the Living Trust:

A divorcee should nominate the Trustee of the Revocable Living Trust (who will presumably also be in charge of the assets on behalf of the minor) as the Guardian of the Estate in the will. In case the Trust is improperly funded, any assets which may pass outside of the trust (and would presumably be probated) are distributed to the Guardian of the Estate rather than the Guardian of the Person. In addition, the removal of Trustee provisions should be updated so that the surviving parent is not empowered to file on behalf of the minor and petition to have your designated Trustee removed.

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Parent Connection Swap Meet

Oct 9th, 2009 by admin

Come out and enjoy this season’s Family Swap Meet hosted by San Diego’s The Parent Connection!

When: October 11, 2009
Time: 9am to 1pm
Where:
Canyon Crest Academy
5951 Village Center Loop Rd
San Diego, CA 92130

Admission: $2/person with kids under 12 free

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National Business Institute Seminar

Aug 19th, 2009 by admin

I will be speaking on Estate Administration for an upcoming NBI seminar entitled “Refining Your Probate Skill: Streamlining Processes and Overcoming Obstacles.”

The seminar will be held in San Diego on March 23, 2010, from 9:00 a.m. to 4:30 p.m., and will provide continuing education credits.

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Life Insurance to support Gifts to Charity

Jul 15th, 2009 by admin

Sometimes we want to give to charity, but we feel we can’t because we don’t want to deplete our resources for ourselves or our family. Life insurance has a role to play here.

Life insurance placed in an Irrevocable Life Insurance Trust (ILIT) can replace the value of assets given to charity. Life insurance can be purchased to match the amount given to specific charities, to educational accounts, or as gifts to individuals during your lifetime.

When done correctly and advisedly, life insurance and charitable gifting can be a pleasant addition to your estate plan. Consult with your estate planning advisor, or call the Legacy Lawyer at (858) 740-4370 to discuss how to set up an ILIT or charitable trust.

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