David Eghbali’s Estate Planning

1. David Eghbali’s Estate Planning Finance expert David Eghbali suggests you take the time to think through your portfolio. What you might not think is important now, can get messy with the courts, government and family very fast. Having a clear direction on what is being distributed to whom not only mitigates fighting within a family but allows the courts to define what goes where and who gets what. By reviewing this article the hope and goal is to best inform you and define what types of assets you may have and better help guide you to making the best decisions between you, your family and your professional advisor. The Importance of Business Trusts #BusinessTrusts Tensions and arguments can rise and erupt quickly when it comes to business ownership at the time of your death and there is no established plan on who takes the helm and ownership. You can easily have it land in the hands of someone you cannot stand, such as the family of in-laws. David Eghbali offers a brilliant solution. Build in a buy-back option into a trust so that the family you want to retain ownership will have that ability. Beyond a Will or Trust David Eghbali points out the benefits of checking to see what you can do beyond a will or trust to ensure that your assets are going to the right benefactor. Bank accounts, retirement accounts and investment portfolios can often be designated to fall into ownership of a designated benefactor upon your death. This will be less you have to worry about placing in a

2. trust or will. Change Retirement Accounts to Roth #RothAccounts The tax man will be showing up to get a share of the estate when you pass away. David Eghbali urges people to switch any traditional retirement accounts to Roth, which are tax free to distribute after your death. Traditional retirement accounts will be assessed taxes at the time of transference to the benefactor. The Estate Planning vs Tax Exempt Link #TaxExemptions since the tax exempt level has been raised to over $5 million dollars the wealthier people tend to put off or ignore estate planning. According to estate planner David Eghbali less importance tends to be placed on the value of making sure all of your assets go to the proper benefactor and are alternatively seeking tax shelter. It is nice that the tax exempt amount has risen, but it does not take away from the importance of a complete estate plan. Know more at: http://www.davideghbali.com/david-eghbali-estate-planning-part-two