Estate Planning basics Estate Planning is the legal and financial process of arranging and managing your assets during life and after death. State Law has certain defaults. The end goal is to comply with Shariah. The estate planning process is building the bridge between the State’s defaults and the Shariah objectives. There are Six primary issues.
State Defaults What happens if you do nothing? Distribution of Assets Guardianship of Minors Tax and Fee Consequences Probate Court Consequences
Issue #1 - Distribution WHO will receive distribution? HOW MUCH will they receive? HOW will they receive it? WHEN will they receive it? WHAT will they receive?
Issue #2 – Guardianship Who can care of Minor or Adult Disabled Children? Overseas Guardians v. US Resident Guardians What is the guardianship process? How to appoint guardians?
Issue #3 – Probate Taxes How much are Probate Taxes? US Citizen v. non-US Citizen How to avoid Probate Taxes
Issue #4 – Probate Court What is the Probate Court process and why is it necessary? How and why to avoid probate courts? What are the benefits and drawbacks to avoiding probate courts?
Issue #5 - Disability Who will make financial decisions? Who will make health care decisions? What are your end of life decisions?
Contact information Zubair M. Tajuddin, Esq. The Law Office of Tajuddin & Khan, P.C. (630) 624-1396 email@example.com firstname.lastname@example.org