Group items tagged

The following tips, aimed at those under 40, can help you approach and simplify the estate planning process: Start now, regardless of net worth. Estate planning is a crucial process for everyone, regardless of wealth level, says Marc Henn, a certified financial planner and president of Harvest Financial Advisors. Have the "what if?" conversation with friends and family. Before jumping into the estate planning process, it's important to establish exactly what you want, and need, to happen after you die and relay those wishes to those around you. "We find that the best transitions and financial transfers happen when all family members are involved in the decision making," says John Sweeney, executive vice president of retirement and investing strategies at Fidelity Investments. Focus on the basic estate plan components. Experts say life insurance, a will, a living will and a durable power of attorney are all important aspects of an estate plan that should be established at the start of the planning process. Utilize estate planning professionals. To draft these basic estate plans, experts recommend carefully selecting a team of professionals who will educate you and draft what you need based on your individual situation. Continue to review your plan over time. Finally, your estate plan should never be a "one and done thing," according to Henn.

Source: http://www.corliss-law.com/seminars.html Advanced Choice of Entity: Protecting Your Business and Your Real Estate (2 Hours CPE/MCLE* Credit) Wednesday, February 24, 2010, 3:00 p.m. - 5:00 p.m. Selecting the right form of business entity is critical in protecting your personal and business assets. It is not something to take lightly and the consequences of the wrong choice can cost you everything you have accumulated personally and in your business. Your first step in protecting your assets and wealth begins with the choice of the type of business entity you are going to use. The right choice can result in shielding your business, your real estate and your family from risk and unwanted creditors. Proper tax structure is also important in keeping more of what you have earned - a factor commonly overlooked in creating business entities. Learn how to select the proper entity in order to shield your business, your real estate from creditors while keeping more of what you have earned through an efficient tax structure. Learn the differences between the entity types, when to use a limited liability company over a corporation, what all the talk about different jurisdictions is about, and what a Delaware Series limited liability company is. Suitable for all professionals (especially doctors and dentists), business owners and their advisors. *MCLE approval pending Presenters: Donald M. Corliss, Jr., JD, LLM (Taxation) Jacob Stein, JD, LLM(Taxation) Location: 19200 Von Karman Avenue, 5th Floor, Irvine, CA To RSVP, please contact Sharla via e-mail Sharla@corliss-law.com or call 877-958-4482 You can visit our website: http://www.corliss-law.com