Are you worried about securing your child’s future, especially if they have special needs? This video dives deep into the complexities of Special Needs Trusts and how to navigate the intricacies of estate planning. Join Gilfix Law’s experts, Mark and Michael Gilfix, as they unravel crucial strategies to ensure your loved one is protected legally and financially. Discover how Prop 19 impacts California real estate and property taxes, and learn about essential legal tools like Powers of Attorney and Advanced Directives.
The video comprehensively covers types of Special Needs Trusts, trustee selection, and funding strategies, including life insurance options. It also highlights changes in legal frameworks and estate tax considerations. Don’t leave your child’s future to chance; gain invaluable insights and take action.
CHAPTERS:
00:00 – Welcome
01:40 – Hope is Not a Strategy
04:07 – Who We Are
05:48 – Diagnosis Impact on Planning
06:10 – Understanding Special Needs Trust
11:49 – Special Needs Trust Expenses
13:32 – Role of a Trustee
17:31 – Trustee Compensation
19:00 – Limitations of a Special Needs Trust
21:38 – Prop 19 and Special Needs Planning
27:54 – Importance of Planning Ahead
29:36 – California Tax Increase Overview
32:06 – How We Can Assist You
34:00 – Funding a Special Needs Trust
37:09 – Life Insurance Options
40:34 – Alternative Trust Funding Methods
42:26 – Integrated Planning Team
43:18 – Recent Legal Changes
46:37 – Estate and Gift Tax Considerations
49:12 – Special Needs Planning Checklist
50:57 – Revisiting Key Concepts
51:55 – Subscribe to Our Channel
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
#securefuturetrusts #financialsafetynet #financialeducation #financialpreparedness #savingforemergencies
source
