How to Gift $188k Per Year Without Paying Taxes!
Learn how to give up to $188,000 a year in gifts without it affecting your estate and gift tax exemption! This easy tip can help you legally avoid estate taxes by gifting money to multiple people, all without needing to report it to the IRS. Watch now for a quick tax-saving strategy! This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues. To make an appointment, call us at 650-493-8070 or visit our website: www.gilfix.com source
I Need $3 Million in a Special Needs Trust
Discover a real-life tale of estate planning ingenuity and compassion in this eye-opening video. Follow the journey of a couple faced with the challenge of funding a Special Needs Trust with limited resources. Learn how they navigated the complexities of estate planning to ensure a secure future for their disabled child, offering valuable insights and inspiration along the way. This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues. To make an appointment, call us at 650-493-8070 or visit our website: www.gilfix.com source
The Power of Purpose: How Giving Back Keeps You Young
I met an 81-year-old client today who radiates energy and optimism! His secret? A healthy lifestyle, exercise, and making life about more than just himself. He’s headed to help run a teen leadership camp and has been dedicated to giving back for over a decade. His passion for helping others is the key to his longevity and youthfulness. This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues. To make an appointment, call us at 650-493-8070 or visit our website: www.gilfix.com source
Unlock Billionaire Secrets: Save Like the Elite in Estate Planning
Discover smart money moves with Mark and Michael Gilfix, who bring over 60 years of combined experience to demystify estate planning and financial strategies for families of all backgrounds, from middle-class to billionaires. In this insightful video, they delve into the critical difference between “smart money” and “dumb money” approaches and reveal practical tips on how to handle legal fees, commissions, and maximize your returns on investment. They tackle common misconceptions about estate planning expenses and emphasize the importance of viewing costs as an investment in your family’s future security and legacy. You’ll learn why savvy financial planning isn’t just for the ultra-rich—effective strategies are accessible to everyone and can save significant amounts of money in long-term tax and property costs. Don’t miss out on professional insights on how to protect your assets and ensure your estate is handled according to your wishes. Remember, informed decisions lead to substantial savings and peace of mind. This video is a must-watch for anyone looking to enhance their understanding of estate planning and make empowered financial decisions. CHAPTERS: 0:00 – Introduction 0:40 – Smart Money vs Dumb Money 7:45 – Choosing the Right Attorney 9:52 – Dumb Money Mindset 10:24 – Call to Action This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues. To make an appointment, call us at 650-493-8070 or visit our website: www.gilfix.com source
Proactive Planning for Memory and Capacity Issues: A Guide to Securing Your Family’s Future
Are you prepared for the future? Join us in today’s video as we delve into the importance of proactive planning for potential memory or capacity issues. Taking the time to create a comprehensive plan not only ensures your well-being but also provides peace of mind for your loved ones. As we navigate through life, it’s crucial to address the possibility of memory or capacity issues that may arise in the future. Our video explores the reasons why proactive planning is essential for maintaining control over your healthcare decisions, financial matters, and estate. Discover practical steps to empower your family members in handling your affairs with confidence. We’ll discuss communication strategies, legal documentation, and how to establish a support system that ensures your wishes are respected and followed. Gain insights from professionals in the field who specialize in eldercare, estate planning, and legal matters. Our video features valuable tips and advice to guide you through the process of establishing a proactive plan for the future. By taking the initiative to plan for potential challenges, you not only ensure your own well-being but also contribute to building stronger bonds within your family. Learn how proactive planning can foster open communication and a sense of unity among your loved ones. Don’t wait for uncertainties to catch you off guard. Join us in this empowering discussion on proactive planning and take the first step towards securing your family’s future. Your proactive approach today will pave the way for a more confident and resilient tomorrow. If you found this video helpful, don’t forget to like, share, and subscribe for more valuable content on family well-being and proactive living. Let’s navigate the future together! #FamilyPlanning #ProactiveLiving #EstatePlanning 🌈 This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues. To make an appointment, call us at 650-493-8070 or visit our website: www.gilfix.com source
3 Life-Changing Tips from ‘Don’t Die Summit’ with Brian Johnson
Hey friends! I just got back from the “Don’t Die Summit” in San Francisco and learned incredible life hacks from Brian Johnson himself! Here are three essential tips to live a healthier, longer life: 1. Become a Professional Sleeper – Consistency is key! Aim to go to bed within the same 30-minute window each night. 2. Move Daily – At least 30 minutes of exercise every day. More if you can manage! 3. Eat with Intention – Create systems for healthier choices to avoid the junk food trap. It’s time to prioritize health, stay consistent, and make these habits part of our lifestyle. Ready to join me on this journey? This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues. To make an appointment, call us at 650-493-8070 or visit our website: www.gilfix.com source
What Is a Beneficiary?
In simple terms, being the beneficiary means you receive the benefits of the trust, which is different from the trustee’s role. When setting up a trust, it’s important to understand three key terms: settlor (or creator), trustee, and beneficiary. The settlor creates the trust, the trustee manages it, and the beneficiary benefits from its assets. This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues. To make an appointment, call us at 650-493-8070 or visit our website: www.gilfix.com source
3 Essential Estate Planning Documents: Secure Your Legacy
In today’s video, we’ll be delving into the crucial world of estate planning and discussing the three must-have documents to safeguard your legacy and ensure a smooth transition of your assets. Whether you’re a seasoned planner or just starting, these documents are key to protecting your wishes and loved ones. 1. Revocable Living Trust: First on the list is the Revocable Living Trust—an instrumental document that allows you to maintain control of your assets during your lifetime while seamlessly transitioning them to your beneficiaries upon your passing. Learn the ins and outs of setting up a trust, understanding its flexibility, and why it might be a game-changer for your estate plan. 2. Durable Power of Attorney: Next up, we’ll explore the importance of a Durable Power of Attorney. Discover how this document grants a trusted individual the authority to manage your financial affairs in case you become incapacitated. We’ll discuss the responsibilities, limitations, and the peace of mind that comes with having a designated person to make critical decisions on your behalf. 3. Advanced Health Care Directive: Last but certainly not least, we’ll shed light on the Advanced Health Care Directive—a document that empowers you to outline your medical preferences and appoint someone to make healthcare decisions when you can’t. We’ll navigate through the specifics of healthcare wishes, life-sustaining treatments, and how this directive ensures your voice is heard in critical moments. This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues. To make an appointment, call us at 650-493-8070 or visit our website: www.gilfix.com source
Roth IRAs in 2024: The Smart Move for Your Retirement
Wondering how Roth IRAs in 2024 could be the smartest move for your retirement planning? With recent changes to retirement accounts and property tax laws, understanding your options has never been more crucial. Dive into the world of Roth IRAs, the Secure Act, and how the shifting landscape of California real estate laws, specifically Prop 19, impacts your estate planning and property taxes. This video from Gilfix Law brings you the latest in retirement account updates, offering expert insights into navigating these changes for a secure financial future. Discover the implications of new retirement age thresholds, the flexibility of 529 plans rolling into Roth IRAs, and the profound effects of California’s Prop 19 on property taxes. Whether you’re concerned about estate taxes, capital gains, or maintaining family properties across generations, especially in high-value areas like the Bay Area, this comprehensive guide addresses your most pressing questions. CHAPTERS: 0:00 – Retirement Account Changes 2023 1:17 – Prop 19 Impact on Californians 9:33 – Overturning Prop 19: Implications 10:09 – California Voters & Prop 19 Reliance This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues. To make an appointment, call us at 650-493-8070 or visit our website: www.gilfix.com source
The Myth of the Will Reading: What Really Happens?
Many people think of a dramatic “reading of the will” like in movies, but that’s not how it actually works. In reality, there is no requirement for a will to be read aloud to heirs. Instead, the will or trust is typically mailed to beneficiaries, and any formalities occur well before death, not after. Discover the truth behind this common misconception! This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues. To make an appointment, call us at 650-493-8070 or visit our website: www.gilfix.com source