Case
Histories
Examples of some Case Histories!
Client #1 and his wife
have an estate valued at $2,750,000 with the ownership of a business. If
they would have died with the plan they had in place from their attorney,
the estate their two children would have inherited would have been only
about $1,800,000. Integrity Estate Advisors created a plan that would pass
almost the entire estate to the children...almost $1,000,000 more!
Client #2 and his wife have an estate valued at $385,000. If they
would have died with the plan they had in place from their attorney, the
estate their two sons would have inherited would have been only about
$347,000. Integrity Estate Advisors create a plan that would pass almost
the entire estate to their children...about $38,000 more!
Client #3 had no savings or major assets besides the family home.
He lives with his mother and her sister and the home is in the sisters
name. The home is one of the oldest in town, with ties to about 100
people. The sisters wanted the home to go to the one’s son because he
takes care of them. With ties to 100 people, the chance that the will
would have been contested is pretty high due to it being public knowledge.
Before Integrity Estate Advisors helped, if they were to die, the son may
not have been able to keep the home, due to a contested will. Today, the
home was set up with a plan to keep it totally private, out of probate,
and a very good chance that the son will be able to keep the home as his
mother and aunt wanted!
Not everyone we talk to acts on the information. We talked to a 94 year
old very active widow. We will call her Mary.
Mary had a home worth about $100,000 and about $60,000 in
cash for her kids and grandkids when she dies. Her attorney advised her
to place one of her son’s names on the deed to her home. So she did. I
saw her in March of 2002 and gave her some advice on why what her
attorney recommended could cause problems. She wanted to “Think about
it.” Several months later, Mary called us to see if we could help. Her
son died from brain cancer (remember his name was on her deed as
directed by her attorney). She had received a letter from her
daughter-in-law’s attorney requesting her half of the home! At the
time of Mary’s call, her options were to sell her home to give the
daughter-in-law the $50,000 value of 1/2 of the home, or give her
$50,000 of the cash she had set aside for her kids and grandkids. Last I
heard, it was still in the courts. If Mary wouldn’t have
procrastinated, we may have been able to help her avoid the pitfalls of
“Joint Ownership!”
Click Here to see why “Joint Ownership” may be the
wrong choice
With this in mind, Integrity Estate Advisors is well equipped to help
you with all of your Estate Planning needs. Think of us as a coordinator,
putting everything together for you and your loved ones, so that the
hassles and costs are minimized when you die.
Let Integrity Estate Advisors and their team of Professional
Advisors, minimize the depletion of your hard earned assets when
transferred to your heirs. This includes the reduction or elimination of
the effects of Federal and Pennsylvania Estate Taxes (Death Taxes),
Probate, Court Fees, Legal Fees, and more!
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