Month: February 2013

Ian Filippini: Can My Ex Still Claim Parts of My Estate?

Ian Filippini

Ian Filippini

Ian Filippini

Can My Ex Still Claim Parts of My Estate?

Find out more about author Ian Filippini on Google+

Ian Filippini is an experienced estate planner and financial advisor who has worked with many people over the years.  Ian Filippini has worked on many wills with his clients. Though a will can seem like a simple thing, there can actually be a lot of details that can be overlooked.  We all know that a will is a way to leave your property, (or not), to your loved ones after you are gone.  This is the simplest definition.  In our will, we usually leave our estate to our spouse, (if we have one), or children (if we have those).  But what happens if you get a divorce?  Can your ex-spouse still claim part or all of your estate?  In this article, Ian Filippini will briefly discuss the basic rules for ex-spouses in relation to wills.

First, Ian Filippini would like to mention that rules and laws for this topic vary from state to state.  In community property states, Ian Filippini says, your spouse automatically owns half of your entire estate during your life and upon your death (but only if you are still married).  If you live in a community property state, and you get divorced, your spouse is not entitled to any part of your estate anymore.  According to Ian Filippini, even if you forgot to rewrite your will to disinherit your ex-spouse, by law she is no longer entitled to your property.

For states that do not recognize community property, even if your spouse is not mentioned in your will, they will be entitled to a certain percentage of your estate, asserts Ian Filippini.  If you divorce before your death, again, they are not entitled to any part of your estate, unless you intentionally write them into your will after your divorce.

Filippini Wealth Management, Inc. is a family business based in Montecito, California. The current president of Filippini Wealth Management, Inc., Ian Filippini, also lives in the Montecito area. Ian Filippini’s brother has also helped out at Filippini Wealth Management, Inc. and Ian Filippini’s father was also the founder of Filippini Wealth Management, Inc.

Alfred Filippini passed away in 2009, but Ian Filippini’s mother (Deborah Filippini) is still alive and living in the Montecito area as well. Ian Filippini also spends time writing different articles relating to tax planning, estate planning, insurance and real estate.

Filippini Wealth Management, Inc. is not a law firm and Ian Filippini not an attorney. No advice is given or is intended to be given. The article above is not to be considered legal advice. If you are in need of legal advice, please consult a licensed attorney or law firm.

ESTATE PLANNING – FACTORS TO CONSIDER

THE BASICS – TRUSTS

WHAT YOU NEED TO KNOW ABOUT ADVANCED HEALTHCARE DIRECTIVES PART 2

WHY DO I NEED A WILL?

ESTATE PLANNING QUESTIONS

Ian Filippini: Estate Planning Questions

Ian Filippini

Ian Filippini

Ian Filippini

Estate Planning Questions

Ian Filippini knows that estate planning can sound like a daunting term.  People ask Ian Filippini all the time: What is estate planning?  According to Ian Filippini, at the very least, an estate plan is something put into place to make sure that your property and assets end up being used and distributed the way you would want them to be in the event of your death or incapacitation.  This is not always an upbeat subject to discuss, but Ian Filippini also knows what an important discussion estate planning is to have with your financial professional.  The truth, according to Ian Filippini, is that a lot of people have questions surrounding wills when it comes to estate planning.  Ian Filippini is very knowledgeable when it comes to estate planning because he is an experienced and knowledgeable financial consultant.  Ian Filippini urges you to consult your own financial professional when seeking out financial advice.  In this article we will briefly discuss the top questions that should be asked during the estate planning process.

A big question that is definitely important, but that Ian Filippini has to remind people to think about sometimes is: who will make healthcare and financial decisions if you become disabled?  Ian Filippini says that if you do become disabled you will need to have a plan on how to pay for your medical care.  Ian Filippini feels that these are all questions to think about in your estate planning.

Another question to think about is if there is a chance that you will have minors as beneficiaries.  There needs to be special instructions upon an occurrence like this.

Lastly, Ian Filippini asks if you have thought about if you will have enough money to pay off your debts and taxes when you die.

Filippini Wealth Management, Inc. was founded by Ian Filippini. He oversees the day to day operations of the business and has his brother, Alex Filippini, close by to lend a hand. Filippini Wealth Management, Inc. is one stop shop designed to provide value to our clients in the areas of taxation, insurance and real estate.  Filippini Wealth Management, Inc. takes the time to understand the client’s goals and the provide the best way to implement them.

No advice is given or intended.  This article is not to be considered legal advice.  Ian Filippini is not an attorney. Filippini Wealth Management, Inc. is not a law firm.

Filippini Wealth Management, Inc. is situated in a town called Montecito. Ian Filippini’s parents, Alfred Filippini (deceased) and Deborah Filippini decided to move the family to the Santa Barbara area.

Ian Filippini: Why Do I Need A Will?

Ian Filippini

Ian Filippini

Ian Filippini

Why Do I Need A Will?

Ian Filippini knows that estate planning can sound like an unfamiliar term.  People ask us all the time: What the heck is estate planning?  According to Ian Filippini, an estate plan is something put into place to make sure that your property and assets end up being used and distributed the way you would want them to be in the event of your death or incapacitation.  Ian Filippini feels that this is not always a happy subject to discuss, but Ian Filippini also knows what an important discussion estate planning is to have with your financial professional.  The truth, according to Ian Filippini, is that a lot of people have questions surrounding wills when it comes to estate planning.  Ian Filippini is very knowledgeable when it comes to estate planning because he is a reliable and knowledgeable financial consultant.  Ian Filippini urges you to consult your own financial professional when seeking out financial advice or answers to financial questions.  In this article we will briefly explain the top reasons for creating a will.

According to Ian Filippini, a will does the most obvious thing: a will says where your property will go and to whom.  At the very least, Ian Filippini says, this is what a will can do for you.

Now we will move on to the less obvious reasons.  Ian Filippini urges you to think about probate.  If your estate has a will, Ian Filippini says that it will be almost impossible for your estate to go to probate (which is a good thing).

One thing Ian Filippini says that most people don’t think about is having your estate pay the least amount of taxes possible.  Ian Filippini says that having a will in your estate plan can do this.

No advice is given or intended.  This article is not to be considered legal advice.  Ian Filippini is not an attorney. Filippini Wealth Management, Inc. is not a law firm.

Filippini Wealth Management, Inc. was created by Ian Filippini. He still continues to oversee the day to day operations of the business and has his brother, Alex Filippini, close by to lend a hand. Filippini Wealth Management, Inc.’s one stop shop is specifically designed to provide value to our clients in the areas of taxation, insurance and real estate.  Filippini Wealth Management, Inc. and Ian Filippini takes the time to understand the client’s goals.

Filippini Wealth Management, Inc. is located in a town called Montecito. Ian Filippini’s parents, Alfred Filippini (deceased) and Deborah Filippini decided to move the family to the Santa Barbara area. Ian Filippini has traveled the world and agrees with all the locals that Santa Barbara is the place to be!