Friday, January 1, 2010

New Year's Day 2010

This offer still holds and is open-ended. My attorneys are standing by, ready to review any new or existing legal documentation.

To date, I have seen none.

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From: Eskey, Megan A. (ARC-ID)
Sent: Wednesday, December 10, 2008 7:35 AM
To: The Extended Eskey Family
Subject: FW: Living Trust info - the Perils and Pitfalls
Folks-

Here is a good overview on the perils and pitfalls of Living Trusts.

I agree with Jenny - let's keep our family relations strong and positive.

I propose we let bygones be bygones and start the new year with a clean sheet of paper.

I will spring for the 1st meeting with Peggy Gale if you all think this is a good plan.

Maybe the best idea would be to meet here in San Jose in January so we can come up with a game plan together.

In the interest of time, I suggest you all take some time to learn about Living Trusts and do some online searches.

There is a lot of good info out there already, we should be armed and dangerous by the time we meet with Peggy Gale (or any attorney for that matter).

Have a great week, hope to see you all soon..

Megan
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From: Eskey, Megan A. (ARC-ID)
Sent: Thursday, December 04, 2008 11:37 AM
To: 'Eskey, Megan A. (ARC-ID)'
Subject: Living Trust

Does Your Living Trust Protect Your Children from Divorce and Lawsuits?

Many of my new clients ask me to review their existing living trusts. Some are good, some are bad. Almost all of them do not protect the inheritance from lawsuits and divorce. Most estate planners - assuming they are skilled and experienced - can help you avoid probate and estate taxes. That's where the work usually ends. We believe that is incomplete planning.

Why not draft the living trust to protect your children's inheritance from lawsuits and divorces?

If you go through the time and expense to design and implement your living trust plan, why not do it right and protect the inheritance? Most trusts I review are written to distribute the inheritance to the children at a certain age or in a staggered distribution - such as at age 25, 28 and 30.

We like to ask our clients why would you design your living trust so your children are given an inheritance that at a certain age is unprotected from lawsuits and divorce claims? The better approach is to design the living trust so each child's inheritance remains in a separate protected trust that at a certain age or benchmark event (a certain income level, graduation from college or grad school, age or ?) the child can take over as his own trustee. The assets, however, will remain protected in that child's trust.

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