Toni Patillo – Santa Monica and Palisades Real Estate Agent

Category Archives: Estate Plan

Unburden Your Family, Plan For Long-Term Care Before You Need It

I’ve ben working in the Above 50 market for many years and I love it. I love helping clients through a difficult time of transition and I love training other professionals to do the same. So here’s a bit of clarity I had while I was driving to an appointment yesterday. Without exception, no one wants to be a burden on their family when their health declines. In fact, the stress of not being prepared in advance can actually speed the decline when it begins. I’m serious, I’ve seen it.   That’s why today I want to talk about how to...

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So You’re The Executor of Your Parent’s Estate

First things first, you should know in advance if you are named as the executor of any estate. Sounds obvious doesn’t it? You’d be surprised how little thought is given to something so simple. So, ask your parents whom they are naming. If they haven’t thought about it, initiate the conversation.   Then decide if you want the responsibility.

What does an Executor Do? 

An Executor is legally responsible for protecting the assets of the decedent, or deceased, until the probate process is completed and the assets are disbursed. This is a good news bad news kind of thing. The good...

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How To Avoid The Problems Of Inheriting Wealth

It’s the worst time to talk about finances. You’ve lost a loved one. You’re grieving, you’re consoling other family members and there are arrangements to be made. The last thing you want to deal with is what you may or may not be inheriting. Especially because you know it could lead to conflict if it’s not properly spelled out.

It get’s even worse. Are you inheriting your parent’s house or other properties? Well prepare yourself for things to get incredibly complicated. The fact is Boomers are expected to inherit $8.4 trillion with a large portion being in Read more