The Kaylor Law Group

Attorneys at Law


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The Kaylor Law Group

Our Firm is Committed to Providing the Finest Legal, Financial & Wealth Representation

 

THE KAYLOR LIVING TRUST PACKAGE
 

Thank you for taking this important first step in setting up an Estate Plan.  Some of the advantages of a properly prepared Estate Plan include a significant reduction in Federal Taxes upon death; avoidance of Probate and the fees which can run as high as 10% of the total value of your Estate; and, provide Asset Protection for the possessions you have worked so hard to obtain.
 

            You are in the process of enabling you and your loved ones from needlessly incurring substantial fees, possible excessive taxes, a substantial delay in the transfer of funds, as well as access by the general public to all of your finances. Here are some brief illustrations of some famous individuals who failed to take care of their loved ones.
 

            In 1997, an American mountain climber, Joseph DeJames, 48,  tragically lost his life when he slipped off a glacier in British Columbia. Even though no one challenged DeJames’ will, it took nearly 3 years for his $438,000 estate to proceed through probate. 
 

            Estate of Marilyn Monroe—Ms. Monroe’s estate was approximately $1.6 million at that time of her death. An unfortunate death in many ways, one of which is Ms. Monroe did not have a living trust. The result was that probate took 18 years to settle her estate and her heirs received less than 10% of her estate, with more than $1 million dollars going to probate court fees and legal costs.  Today, if Ms. Monroe consulted with the Kaylor Law firm we could have ensured that her heirs received every penny she had earned and would have done so absent probate hearings and seamlessly following her demise. This situation could have been avoided for a minuscule amount of money compared to the huge amount of money needlessly wasted.
 
            The following famous individuals allowed their estates to be reduced by estate taxes, probate costs and settlement costs—

 

  •  Elvis Presley                       73% Shrinkage of the Estate
  •  Karen Carpenter                58% Shrinkage of the Estate
  •  President Rooselvelt         29% Shrinkage of the Estate
  •  Conrad Hilton                    53% Shrinkage of the Estate
  •  John D. Rockefeller, Sr.   64% Shrinkage of the Estate

 Everyone of these intelligent individuals made foolish mistakes regarding the amounts of monies their loved lost by not properly preparing for their families’ future. Do not make a similar mistake—even if you do not choose the Kaylor Law Firm to prepare a Living Trust Package be sure to find a qualified estate planning attorney to prepare for the inevitable.
 

            I have included the Estate Planning Information Worksheet for you to complete.  Not only is it beneficial for preparing the various Estate Planning documents, it also can jog memories as to what your current financial situation encompasses.
 

            Please do not feel as though you need spend hours in completing the worksheet, if there are areas that seem confusing we can review them during our meeting.  The information given, can for the most part, be altered at later stages and even after the Estate Planning documents are completed.  A good Estate Plan is not necessarily one that is done and then forgotten about, rather it is a dynamic entity that will grow as situations alter throughout your life.  The nice aspect is once the initial documents are prepared, the costs to review are minimal at best in most situations.
 

            In order to conduct a proper Estate Plan, my office provides a thorough and complete litany of tools, which depending upon the needs and desires of each individual client, and could include the following:

 
            • Living Revocable Trust

            • Pour-Over Wills

            • Funding Instructions

            • Decedent’s Trust

            • Survivor’s Trust

            • Q-Tip Trust/Q-Dot Trust

            • Children’s Trust

            • Instructions regarding Codicils

            • Preparation of Two Deeds

            • Assignment of Two Notes

            • Financial Durable Powers of Attorney

            • Durable Powers of Attorney for Health Care

            • Living Will

            • Asset Location List

            • Detailed Instructions regarding the transfer of additional property  into  the Trust

            • Free Consultation for Successor Trustees when Trustor  dies

 

            My office and I are dedicated to providing the best in both the legal aspects and the personal attention that Estate Planning deserves.  I will conduct all interviews and give my personal attention to your Estate Plan.  Many other law firms simply have the client fill out the documents and then “lay people”, i.e., non-lawyers, prepare your Estate Plan.  Not only do these generic trusts lack the specificity required for your unique situation, a number of these companies been indicted for their illegal activities and specious estate documents provided to their clients.  Recently, I was honored when the State Bar of California, Estate Planning and Probate Section requested that I be a speaker in a series of seminars to citizens whom have fallen prey to these unscrupulous scam artists.
 

              It is my personal opinion that these types of situations are inadequate to provide the client with the service that is required in areas which reflect your life’s work and sweat.  If you do indeed want life insurance or other financial services, I can recommend individuals whom specialize in those areas and ones that have gained my trust as placing your interests ahead of their own financial goals.  Only can an Attorney provide you with the unique fiduciary relationship that occurs when I prepare your Estate Plan. The fiduciary relationship between the attorney and client mandates that I put your interests above all others, simply put, my office must protect your interests at all costs.

 


            Some other law firms merely dabble in this complicated field in order to raise additional revenues for their firm.  This type of activity places your financial and sometimes, health, in a precarious position.  Estate Planning is not only very complicated, it is a field that requires constant scholarly attention due to its ever-changing nature.

Very Sincerely Yours,

Michael L. Kaylor, Esq.
The Kaylor Law Firm

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