Estate Planning | Jim Ngo - Ontario, CA

Everyday 137 people die in automobile accidents on US highways, 14,000 others die from heart attacks, cancer or other causes.

People of all ages die everyday, and every one of these 14,000 people leave their families with all of their financial obligations, legal liabilities, and the responsibility for numerous decisions. Decisions that can result in unnecessary expenses, taxes and debts. Decisions that can impact the lives of their dependents, and alter family dynamics for generations.

Who will become guardian of their children if both parents die in a car accident? Who will care for a disabled or a special needs adult when elderly parents pass on? Who will make healthcare and financial decisions for someone in a coma? or for someone who is mentally incapable of making decisions for themselves? How will debts or taxes be settled? How will property rights be transferred? How will assets or income be shared? Decisions like these quite often result in contentious arguments and descension, even animosity among heirs, creditors, and business partners. Tying up income and assets in probate courts for years. Subjecting property rights to contentious litigation, resulting in court mandates, asset liquidations for pennies on the dollar.

Unfortunately, this sort of thing happens all the time, even within the most amicable families and business relationships. Because we live in a legally complicated and financially complex world. And most of us simply don't take the time to consider all of the legal and financial consequences of probate, inheritance, property transfers, income provisions, and asset conversions, as well as the emotional impact and long term implications these decisions will have on the people we love. So how can we be sure that the right decisions will be made? and how can we protect our families from inheriting our financial obligations and our legal liabilities? With "End of Life" Directives.

"End of Life" Directives are the careful arrangement provisions and instructions for how you want everything handled when you pass on. From life support to organ donation to your funeral or memorial service. From beneficiary designations to the financial security of your dependents. Asset valuations and property transfers to protection against legal liabilities and potential tax implications. From a charitable bequest for your religious community to an educational endowment for your college or university. "End of Life" Directives enable you to control what happens after you're gone to the people and things that are important to you. that's why it's different for everyone. but it always begins with organizing all of your records, and discussing all of the "what if" scenarios with a qualified "End of Life" professional.