1. What Type of Estate Plan is Best for you?
Taxes Probate Guardianship Conservatorship Fee is Tax
TYPE OF PLAN
Saved? Avoided? Avoided? Avoided? Deductible?*
Intestate: No Plan;
No No No No No
No Will
Holographic Will:
“Do-it-yourself No No No No No
Special”
Simple, All – To You-
Spouse Will: “Mom No No No No No
and Pop Will”
Testamentary Trust Yes No No No Yes
Simple Revocable
Living Trust: Probate No Yes Yes Yes Yes
avoidance only
Standard, Revocable
Living Trust: Probate
Yes Yes Yes Yes Yes
avoidance and tax
savings
Legacy (Dynasty)
Trust:
Probate avoidance Yes Yes Yes Yes Yes
and tax savings for
three (3) generations
* The Tax Reform Act of 1986 provides that tax advice is deductible to the extent it exceeds 2% of you adjusted gross income.
2. How To Plan Your Estate Today
DISCLAIMER:
Please remember, as with all of my presentations,
nothing herein shall or shall be deemed to constitute legal advice.
Each situation is fact-specific and you should always consult a lawyer for
professional advice.
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3. Thank You For Listening
Schedule your FREE initial consultation TODAY!
W. Bailey Smith
1920 Main Street, Suite 1000
Irvine, CA 92614
(949) 756-0685
bsmith@tldlaw.com
www.tldlaw.com
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