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Erin L. McCreary - Memorial to my Mother
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858 - 404 - 9800. MEMORIAL TO MY MOTHER. I have been dreading this day my whole life. On February 11, 2012, my mother died. It was unexpected. I was (and still am) in shock. We were extremely close. At my mother's funeral, each of her children gave a eulogy. Here is mine:. To know my mom is to love my mom. She didn't have a mean bone in her body. She once told me that she placed God first, Dad second and her children third. From her children's perspective, we all felt first in her eyes. As I grew older a...
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Erin L. McCreary - Lifetime Protective Trusts
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858 - 404 - 9800. WHY SHOULD YOU CARE? A Lifetime Protective Trust (or a Beneficiary Controlled Trust) is a trust which one creates today for the benefit of another to take effect either during the creator's lifetime or upon the creator's death. Increased Protection from Creditors. The trust provides that the beneficiary can use trust assets for his or her benefit and not for the benefit of their creditors. Weaker Spousal Claims at Death or Divorce. The trust is designed to make it harder for a spouse to...
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Erin L. McCreary - What You Need to Know about Your Parents’ Estate Plan
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858 - 404 - 9800. What You Need to Know about Your Parents' Estate Plan. A thoughtful estate plan can make your heirs' lives easier. But it is your parents' estate planning that will make your life easier. Estate planning is not an easy topic to discuss, especially with those you love, but it needs to be done. Here are some ideas to help you approach it as sensitively as possible. Why you need to know? Your retirement may be impacted by the needs (or lack of needs of) your parents. Why you need to know?
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Erin L. McCreary - 11 Non-Tax Reasons for Estate Planning
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858 - 404 - 9800. 11 Non-Tax Reasons for Estate Planning. Estate planning is not done only. To save taxes. There are many non-tax. Reasons to do estate planning, all of which will remain important even if Congress eliminates or reduces estate taxes. The following is a list of some of the non-tax benefits of doing estate planning. Protecting Minor Children Guardians:. You allow the Courts to decide who will raise your children. Protecting Minor Children in Trust:. Keep Your Estate Matters Private:. Your w...
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Erin L. McCreary - What Your Adult Children
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858 - 404 - 9800. What Your Adult Children Need to Know about Your Estate Plan. As a parent, if you are willing to share some of this information with your children - especially if one of them is also the executor of your estate they will appreciate having the facts and be more prepared emotionally when the time comes. They will know your wishes ultimately anyway, and good communication will lessen any surprises ahead of time. Why your children need to know? What your children need to know? Let your chil...
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Erin L. McCreary - Estate Administration
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858 - 404 - 9800. Whenever a person dies, his or her estate needs to be collected, managed, and distributed. Estate administration involves gathering the assets of the estate, paying the decedent's debts, and distributing the assets that remain in the estate. To learn more about various estate administration topics, just click on the below topic(s) that interests you:. No probate is required if the estate is owned by a properly funded trust. However, if the assets titled in the name of the decedent a...
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Erin L. McCreary - Advanced Estate Planning
http://www.mccrearyestateplanning.com/advanced-estate.html
858 - 404 - 9800. To learn more about general advanced planning techniques topics, just click on the below topic(s) that interests you:. ADVANCED ESTATE PLANNING IN GENERAL. Here is a general list of various advanced estate planning techniques:. Creation of an Irrevocable Life Insurance (Wealth Replacement) Trust. To hold life insurance. To provide lifetime asset protection. To provide estate tax protection at death. Creation of a Lifetime Gifting Program. To provide tax-free gifts to family members.
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Erin L. McCreary
http://www.mccrearyestateplanning.com/index.html
858 - 404 - 9800. Get my FREE E. To maintain your family wealth. Asset Protection The Basics. About Erin L. McCreary. My name is Erin McCreary, a Partner and Estate Planning Attorney with Rowe Mullen LLP. I want to welcome you to my website. My goal is to help you obtain the necessary tools so that you will have peace of mind knowing that your children and loved ones will be well provided for in the event that the unthinkable happens. I can help you:. Make sure that your estate plan continues to work.
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Erin L. McCreary - Asset Protection / The Basics
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858 - 404 - 9800. ASSET PROTECTION - THE BASICS. Initial Lines of Defense Against Creditors. Second: Exempt Property (some home equity, retirement plans, life insurance,. Annuities, etc.). Third: Property Agreements (between spouses). Planning Beyond the Initial Lines of Defense. First: Revocable Living Trust. Second: Irrevocable Trusts to transfer assets, retain income stream, etc. ILIT (Irrevocable Life Insurance Trust). CRT (Charitable Remainder Trust). QPRT (Qualified Principal Residence Trust).