What happens when you lease a safe deposit box and you pass away?  What happens when you jointly lease a safe deposit box with someone else?  What happens when you store your will in a safe deposit box?

Chae Law's Podcast

Episode 26 - Safe Deposit Box

Can I put my house in a living trust even if there is a mortgage? 

Episode 25 - House with mortgage in a Living Trust?

With today's technology with our smartphones, flash drives and small hard drives, there is no excuse in not preserving your precious photos and videos.  Also take advantage of using the free email services and create an account for your kids and send them emails with pictures everyday and create your own time capsule for them.  

Episode 24 - Digital Gift Idea for your Children

Digital property, like your other property, should be considered in your estate planning.  And as we were taught in this digital age to always back up data, that need is never the more apparent with estate planning and passing on your legacy.  There is no excuse given the small flash drives and mini hard drives available on the market today.  Back everything up and store it safely in a fire-proof safe or in a safety deposit box and make sure your trustee and/or personal representative has a way to access the information.  

Episode 23 - Digital Property - protect, backup and save. save save

This episode is about Taxes.  We discuss Washington State's estate tax threshold or exemption as well as the Federal Estate tax exemption and threshold amount.  

Episode 22 - Death and Taxes

The movie UP IN THE AIR, stars George Clooney who plays an executive who flies to different destinations to have a face to face with person he was firing.  He also has a presentation about fitting your whole life in a backpack.  This episode will use that backpack to illustrate how a living trust works.  

Episode 21 - Up in the Air, Backpack and Living Trust

What is Estate Planning?  A different perspective from my previous video.  We dig deeper in a quasi game theory what if's from the first person perspective.  Who is in control, Who benefits and When.  

Episode 20 - What Is Estate Planning - revisited.

This episode is about Walmart secretly taking out life insurance polices on their own employees and collecting the proceeds when the employees died to the tune of $91.6 million dollars.  

Episode 19 - Walmart and the Dead Peasant's Insurance

Usually the biggest asset a young couple may have is their 401k account and/or Life insurance with their infant children as designated beneficiaries.  Now if the couple dies, what happens the life insurance proceeds?

Episode 18 - Trusts and minor beneficiaries

Estate Planning is really about being in control not only of what should happen to your estate after you die, but also about being in control while you're alive.  The best time to plan is while you're vertical and still healthy.  A trust has a lot of flexibility and allows you to plan for events that occur while you are alive.  

Episode 17 Being in Control - the power of the living trust

Like a will, a trust is another legal document that may help you better plan for your state.  A trust is a legal relationship where a trustee holds property for the benefit of another (beneficiaries).  Some of the reasons why people are drawn to trusts is that it is private, provides more flexibility and creativity, avoids probate and allows for planning for events while alive i.e. mental incapacity.  

Episode 16 - What is a trust?

What are the essentials for a valid will?  

Episode 15 What are the essentials of a valid will

Estate plans are as diverse as people are.  The one size fits all DIY kits by Legalzoom and its ilk may seem enticing and money saving, but you have to be careful as these forms may not accomplish your estate plan goals and may also cost more to fix the problems.  

Episode 14 Legalzoom and Its Ilk - DIY kits

Terri Schiavo was in a irreversible comatose vegetative state.  Schiavo's husband argued that she did not want prolonged artificial life support but her parents disputed his assertions.  Costly litigation ensued.  A living will or Healthcare Advanced Directive could have helped the Schiavo case.   

Episode 13 - Terri Schiavo Case and the Healthcare Directive

You may have listed guardians for your minor children in the will, but what about for the immediate care of your children in the event that you and your spouse died.  It is important to choose someone who can step in immediately as the guardian.  

Episode 12 - What about my kids if we die on the plane?

Live Life, Plan for a Better Tomorrow. This is a show about planning, protecting, and controlling your health, wealth, family and your legacy. We will cover all things related to Estate Planning.

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Chae Law's Podcast

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