Passing Wealth: Right & Wrong Ways Revealed

Описание: Secure your legacy and steer clear of common estate planning pitfalls with Mark and Michael Gilfix, the seasoned experts from Gilfix Law. In this must-watch video, they delve into the intricate world of estate planning, sharing invaluable insights garnered from decades of experience with diverse families. Whether you're managing modest assets or vast wealth, understanding the nuances of estate planning is crucial.

This discussion explores the definition of wealth, the impact of property tax changes brought by Prop 19 in California, and strategic ways to safeguard your assets from unnecessary losses. The Gilfix duo addresses vital topics such as the importance of proper documentation—trusts, powers of attorney, and advanced directives—and the perils of inadequate planning that could lead to increased property taxes or mismanaged inheritances.

Are you aware of how new legislation could affect your estate taxes? Are you taking the right steps to protect your legacy from legal pitfalls? Watch as the Gilfix team explains the essentials of estate planning and the specific challenges posed by California real estate laws.

CHAPTERS:
0:00 - Understanding Wealth
5:28 - Passing Wealth to Next Generation
12:52 - Mistakes in Wealth Transfer
14:35 - Effective Wealth Transfer Strategies
20:45 - Viewer Engagement Prompt
21:19 - Appreciation and Farewell

This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues.

To make an appointment, call us at 650-493-8070 or visit our website: www.gilfix.com