What happens when you lease a safe deposit box and you pass away?  What happens when you jointly lease a safe deposit box with someone else?  What happens when you store your will in a safe deposit box?

Can I put my house in a living trust even if there is a mortgage? 

With today's technology with our smartphones, flash drives and small hard drives, there is no excuse in not preserving your precious photos and videos.  Also take advantage of using the free email services and create an account for your kids and send them emails with pictures everyday and create your own time capsule for them.  

Digital property, like your other property, should be considered in your estate planning.  And as we were taught in this digital age to always back up data, that need is never the more apparent with estate planning and passing on your legacy.  There is no excuse given the small flash drives and mini hard drives available on the market today.  Back everything up and store it safely in a fire-proof safe or in a safety deposit box and make sure your trustee and/or personal representative has a way to access the information.  

This episode is about Taxes.  We discuss Washington State's estate tax threshold or exemption as well as the Federal Estate tax exemption and threshold amount.  

The movie UP IN THE AIR, stars George Clooney who plays an executive who flies to different destinations to have a face to face with person he was firing.  He also has a presentation about fitting your whole life in a backpack.  This episode will use that backpack to illustrate how a living trust works.  

What is Estate Planning?  A different perspective from my previous video.  We dig deeper in a quasi game theory what if's from the first person perspective.  Who is in control, Who benefits and When.  

This episode is about Walmart secretly taking out life insurance polices on their own employees and collecting the proceeds when the employees died to the tune of $91.6 million dollars.  

Usually the biggest asset a young couple may have is their 401k account and/or Life insurance with their infant children as designated beneficiaries.  Now if the couple dies, what happens the life insurance proceeds?

Estate Planning is really about being in control not only of what should happen to your estate after you die, but also about being in control while you're alive.  The best time to plan is while you're vertical and still healthy.  A trust has a lot of flexibility and allows you to plan for events that occur while you are alive.