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From YouTube: Senior Moments Estate Planning
Description
Senior Moments Estate Planning
A
Hello
welcome
to
senior
moments.
My
name
is
dolly
semana
vich
in
1994,
my
mother,
passed
away
stunned
by
his
loss
and
facing
his
own
mortality.
My
father
went
to
an
attorney
and
set
up
a
trust.
Well,
last
year
my
father
passed,
and
he
had
set
up
two
of
his
children
as
trustees,
and
we
were
immediately
able
to
write
checks
on
his
accounts
and
take
care
of
his
business.
All
of
his
accounts,
as
well
as
a
safe
deposit
box,
were
open
to
us
that
small
amount
of
planning
really
paid
off.
A
We
didn't
spend
any
time
in
court.
We
spend
it
in
the
loving
arms
of
our
extended
family.
What
a
gift
in
California
with
the
value
of
homes
estates,
can
get
rather
complex
dying
without
having
a
plan
can
put
your
estate
in
probate
and
cost
your
heirs.
An
enormous
amount
in
court
costs
attorney
fees
as
well
as
time.
A
B
B
True,
but
that's
why
you
need
to
make
plans
in
advance
so
that
you
can
cover
the
contingencies.
Lots
of
things
can
happen.
No
one
ever
expects
to
be
hit
by
a
bus
or
to
suffer
a
traumatic
illness
that
would
leave
them
incapacitated.
So
it's
important
to
think
about
those
things.
How
would
you
want
your
life
to
look
if
something
like
that
were
to
happen
to
me?
B
Mm-Hmm
lots
of
people
think
about
you
know
that
the
eventualities
oh
I'd
have
to
move
to
a
nursing
home
or
but
there
are
options
you
can
plan
to
have
in-home
care.
You
can
make
your
wishes
known,
which
makes
it
much
easier
for
your
children
to
take
care
of
you
in
the
way
that
you
really
want
to
be
taken
care
of
well.
B
A
B
Much
easier
we
have
our
statutes
include
specific
fees
for
attorneys
and
executives
when
they
probe
a
in
a
state,
and
those
fees
are
very
high.
Are
they
they
start
at
four
percent
of
the
first
hundred
thousand
dollars,
two
percent
of
the
next
hundred
thousand
dollars
and
they
increased
earth
up
to
a
million
dollars.
It's
two
percent
and
above
that
one
percent
and
of
course,
the
legislature
adjust
these
from
time
to
time,
but
that
becomes
very
expensive.
A
B
See
well,
maybe
not
most
of
it,
but,
for
instance,
if
you
own
a
million-dollar
home
which
is
about
average
here
in
the
bay
area,
you're
looking
at
spending
about
fifty
thousand
dollars
to
probate
that
asset
that
one
asset.
And
so,
if
you
create
certain
plans,
you
can
really
work
around
that
and
keep
those
expenses
to
a
minimum.
So.
A
C
B
Never
know
they
don't
really
know
it,
even
just
in
planning
funeral
services
and
things
like
that,
they
don't
know,
and
there
they
love
their
parents.
They
want
to
do
the
right
thing
by
them.
Hoes
and
those
are
the
children
that
are
most
likely
to
get
the
most
expensive
casket
and
the
most
expensive
service.
And,
if
that's
not
in
line
with
what
that
client
really
wanted,
they
could
have
prevented
that
and
use
that
money
for,
for
other
things
like
children's
education
or
grand
children's
education.
B
A
B
We
like
to
pay
for
the
world:
yes,
okay,
we
do
start
with
a
trust.
That's
the
primary
vehicle
in
California
or
the
primary
document
in
California
and
a
trust
is
a
great
thing
because
it
protects
you
not
just
only
in
the
event
to
death
like
a
wilwood,
but
it
also
helps
to
provide
for
you
in
the
event
of
an
incapacity.
B
So
if
you're
incapacitated,
you
can
have
it
set
up
in
your
trust
where
it
says,
if
not
I'm
not
able,
then
I'm
passing
control
to
the
next
person
in
line
it
could
be
a
son
or
a
daughter
or
a
bank,
sometimes
because
we
don't
necessarily
want
our
children
to
have
reasons
to
have
conflict.
So
a
lot
of
people
do
choose
a
third-party
corporate
or
banking
trustees
to
help
minimize
the
chance
of
conflict
in
a
family.
So
there's
the
trust
their
wills.
B
There
are
the
health
care
directives
and
documents
that
relate
to
your
own
well-being
and
care
and
then
durable
powers
of
attorney
and
that
helps
manage
things
that
are
outside
the
trust.
So
say
it
was
that
bus
that
hit
you.
You
would
have
legal
rights
to
sue
the
driver
in
the
bus
company
or
whoever
was
involved
in
that
accident
and
get
the
money
that
they
would
need
to
provide
for
your
medical
care.
So
that's
not
a
right
that
a
trustee
would
have
so
you
need
a
document.
That's
going
to
cover
those
sorts
of
that's
the
durable.
B
Well,
it's
a
separate
documents.
It
is
we've
we
end
up
with
a
complete
plan.
I
usually
provide
about
17
different
documents
really
for
a
married
couple.
I
see
we
put
everything
together
in
a
portfolio
and
there's
all
separated
so
that
you
know
which
document
is
which,
and
they
all
serve
a
different
purpose,
and
so
with
the
documents
it's
easy
to
lump
them
into
one.
B
But
what
they're
designed
to
do
is
provide
a
seamless
net
of
protection,
because,
where
the
trust
ends,
then
the
durable
power
of
attorney
can
pick
up
and
where
those
two
end,
then
the
advance
health
care
directive
can
take
over
and
what
is
that?
That's,
where
you're
actually
giving
somebody
discretion
and
authority
to
make
your
health
care
decisions
for
you.
So
this
can
include
anything
from
signing
releases
or
documents
when
your
engine,
when
you
go
into
a
hospital
or
making
those
end-of-life
decisions
like
terri
schiavo's
family
were
facing.
So
if
you're.
A
B
And
no
in
practice
there
are
certain
decisions
at
the
hospital
will
definitely
go
to
the
husband
or
wife
or,
but
if
there
are
people
contesting
it,
that
makes
it
a
little
bit
more
difficult.
So
if
you've
got
children
who
say,
oh
no,
let's
hold
on
to
mom
and
a
husband
that
says
well,
no
I
know
that
this
is
what
she'd
want
to
do.
The
children
could
go
to
court
to
prevent
dad
from
from
unplugging
that
much
I
see.
A
A
B
Sir,
are
the
old
fashioned
way
of
planning
your
estate?
They
serve
the
purpose
of
directing,
where
your
property,
that
would
go
in
the
event
of
your
death,
they're
important
for
younger
families
who
have
children,
because
they're
also
the
document
where
we
appoint
guardians
for
minor
children.
So
it
serves
those
two
purposes.
It
does
nothing
at
all
during
life,
but
does
help
during
death
for
those
two
purposes.
Ok,.
C
I'm
sergeant
Dan
style
from
the
pacifica
Police
Department
I
represent
the
consumption
of
alcohol
suppression
team,
also
known
as
the
coast
under-21
task
force.
We
need
your
help.
Do
you
know
of
a
business
that
is
selling
alcohol
to
minors
or
the
location
where
miners
are
asking
customers
to
purchase
alcohol
for
them?
Please
contact
your
local
police
department.
If
you
do
together,
we
can
combat
the
problems
created
by
underage
drinking.
We
thank
you
for
your
support
in
our
efforts
to
protect
our
most
precious
asset.
Our
children.
A
B
A
B
Wills
for
a
second,
what
does
the
will
do?
I
will
will
direct
the
distribution
of
your
property
after
death
and/or
appoint
Guardians
if
you
have
minor
children.
So
how
does
that
differ
from
the
trust?
A
trust
is
an
arrangement
between
three
parties.
Mm-Hmm
you've
got
the
person
with
the
money.
Okay,
you've
got
the
person
who
manages
the
money.
Okay
and
you've
got
the
person
who
benefits
from
the
arrangement.
B
When
my
clients
come
in
to
see
me,
they
have,
they
fill
all
three
roles
and
we're
all
three
hats
at
the
same
time,
so
they're
the
person
with
the
money
they're
going
to
manage
it
themselves
so
long
as
they're
alive
and
able
and
then
they're,
going
to
also
benefit
from
that
arrangement.
The
only
time
that
changes
is,
if
there's
an
incapacity
or
a
death.
In
that
case,
there's
somebody
else
set
up
to
manage
the
funds
and
that
role
is
called
the
trustee.
B
A
A
To
it,
if
they
want
to,
they
can
change
it
in
any
way
because
they
have
total
control
over
the
trust.
That's
correct!
That's
what
you're
telling
me
I
think
that's
the
scariest
thing
for
for
seniors,
especially
or
anybody.
You
know
the
fact
that
they
might
be
giving
their
stuff
away
to
a
document
or
to
an
entity,
and
then
they
lose.
They
lose
control
over
some
way.
So
you're
saying
that
doesn't
happen.
No.
B
B
They
die
the
next
person
that
they've
nominated
in
their
trust.
Now
it's
at
a
person
or
a
company
hand
selected
by
the
client
to
take
over
they
take
over
notices,
are
sent
out
to
various
individuals
like
just
like
in
probate
court.
It's
all
the
same
actions
that
are
taken
in
probate
court,
so
they
want
to
notify
everybody.
A
B
Trust
can
either
continue
if
it's
set
up
that
way
or
it
will
terminate
so
one
of
the
two
I
see,
and
that
just
depends
on
what
decisions
the
client
made
when
they
designed
their
trust.
I'll
tell
you
a
lot
of
people.
These
days
are
worried
about
getting
sued
and
so
now
they're
doing
where
our
office
is
doing
a
lot
more
asset
protection
or
inheritance
protection
trusts.
So
those
are
different
things
that
we
work
and
work
around,
but
ultimately
the
you're
in
control
of
what
you
put
in
your
trust.
B
A
B
And
it
provides
a
lot
of
guidance
for
that.
Of
course,
when
you're
facing
a
medical
situation,
it's
never
black
and
white
uh-huh.
So
well,
okay,
it's
rarely
black
and
white.
Let's
put
it
that
way,
you
can
be
diagnosed
with
something
and
may
or
may
not
make
it
and
really
you're
giving
the
person
as
much
information
as
you
can
conceivably
give
before
you're
in
that
situation.
So.
A
What
if
there
are
changes,
let's
say
I
set
up
my
trust
three
years
ago,
four
years
ago,
five
years
ago,
what
if
I
want
to
you
know
things
have
changed.
My
my
son
married
someone
else
this
you
know
things
have
changed,
I've
got
grandchildren
and
great-grandchildren
that
I
want
to
take
care
of
now.
What
happens
then?
Well.
B
An
estate
plan
is
a
plan
like
any
other,
and
it's
subject
to
change.
So
when
things
happen
in
your
life
or
in
the
lives
of
your
loved
ones,
then
it's
important
to
reevaluate
your
trust
and
your
entire
estate
plan
and
I
tell
my
clients.
They
should
read
it
every
year.
I'll
bet
you're,
not
one
of
them
actually
does,
but
they.
B
Better
better,
but
they
should
read
it
every
year
to
make
sure
they
know.
What's
in
there,
it
becomes
much
easier
in
a
time
of
grief.
If
you
know
what's
in
there
and
what
you
can
count
on
it
happening
again,
you
should
know
where
they
are,
because
if
something
happens,
you
may
need
those
documents
should.
B
That
depends
if
you,
if
you
keep
copies
of
your
advanced
health
care
directive
or
you
have
a
service
that
makes
those
documents
available
24
hours
a
day,
then
maybe
a
safe
deposit
box
is
a
good
idea.
As
long
as
you
have
access
to
the
documents
you
might
need
in
the
event
of
an
immediate
emergency,
so
banks
aren't
open
from
usually
five
or
six
evening.
Nobody.
A
B
Scanned
copies
of
absolutely
everything
that
I
draft
and
sign
with
my
clients,
so
it
could
be
replaced
if
they
lost
it.
It
can
be
replaced
absolutely
in
fact
everything
is
saved
electronically.
It
would
be
very
easy
to
re-execute
all
those
documents
and
I
still
recommend
doing
that,
while
their
client
is
still
alive
and
well
so.
A
Husband
and
wife
should
really
discuss
with
each
other
what
they
want
do
they
do
they
trust
this
person.
Do
they
like
this?
Do
they
like
that?
How
do
they
want
this?
How
do
they
want
this
done
and
who
do
they
want
as
their
primary
trustee
if
one
of
the
one
or
both
of
them
should
die?
What
if
just
one
person
dies,
the
husband
and
wife
has
have
a
trust
in
their
name?
What,
if
just
one
of
them
dies?
It
typically
is.
B
Okay,
they
may
not
always
be
the
way,
but
usually
that's
the
truth,
especially
with
long-term
marriages,
and
if
you
have
the
same
children,
blended
families
might
be
a
little
bit
different,
which
is
increasingly
common
these
days.
But
a
lot
of
those
decisions
again
are
made
between
the
family,
between
the
husband
and
wife
or
an
individual,
but
a
lot
of
those
times.
I'll
tell
you
it's
one
of
the
funnest
things
about
doing.
What
I
do
is
that
I
get
to
talk
with
clients
about
issues
that
they've
never
talked
about
with
each
other,
really.
B
A
B
I'm
talking
with
seniors,
especially
in
that
50
year-old
range,
I
really
like
to
talk
to
them
about
long-term
care
insurance.
I,
don't
sell
long-term
care
insurance,
I
can't
as
an
attorney
but
I
think
it's
a
wonderful
way
to
protect
yourself
and
your
assets
and
also
make
sure
that
you're
really
taken
care
of
in
a
way
that's
going
to
be
suitable.
So
that's
one
of
those
things
just
really
start
looking
at
it.
It's
a.
B
You
can
get
it,
and
so,
if
you
develop
a
health
care
condition
later
on,
you
may
be
able
to
get
it
so
I
really
start
encouraging
them
to
at
least
get
quotes.
Consider
it
because
a
whole
year's
premium
is
going
to
cost
less
than
one
month
in
a
skilled
nursing
facility.
So
that's
one
way
to
really
protect
yourself
beyond
that.
I
talked
to
the
grandparent
level
client
about
gifting.
B
About
gifting
plans,
either
through
their
trust
or
even
during
life,
as
it's
so
much
fun
to
watch
people
or
a
charity
enjoy
your
money.
Your
funds
that
you've
donated
gifting
to
a
grandchild
which
allows
them
to
go
to
college
is
very
rewarding,
and
money
really
is
only
money
and
being
able
to
see
people
enjoy
life
or
follow
their
dreams
because
of
it.
That's
what
makes
it
really
important
right.
I.
A
B
Our
places
like
nolo,
press
or
paralegal
services
that
will
prepare
documents
for
you.
They
are
not
permitted
to
counsel
you
or
provide
you
with
advice
as
to
how
those
documents
should
be
written.
So
a
client
would
need
to
go
in
and
say
draft
my
trust.
This
way.
I
choose
this
and
then
that
sort
of
service
can
prepare
the
document
exactly
as
you've
told
them
to.
This
may
not
produce
the
best
result
for
a
lot
of
clients,
because
again
they
can't
counsel
you
or
provide
advice.
A
B
Many
maybe
because
they're
not
licensed
to
practice
law,
and
so
their
liability
to
you
is
very
minimal,
because
you're
they're,
just
acting
at
your
door,
attorneys
go
to
law
school.
We
have
continuing
education
requirements.
Many
of
us
carry
professional
liability
insurance.
So
if
we
do
something
wrong,
we
are
truly
accountable
to
our
client
in
our
clients,
families,
whereas
that's
not
necessarily
true.
If
you
get
you
know
the
will
maker
software
who
are
you
going
to?
B
Where
are
you
going
to
go
when
something
goes
wrong
or
when
you
have
a
question
or
where
do
your
children
go?
When
the
document
isn't
quite
clear,
our
office
has
had
a
lot
of
those
documents
walk
in
the
door
where
there's
no
trustee
named
there's
no
actual
distribution
provisions
included
where
it
just
says:
here's
my
property,
it's
in
trust
and
very,
very
important.
B
A
B
Well,
that's
not
enforceable,
so
he
could
go
to
court
and
say
you
know
what
this
is
silly
I'm
not
going
to
get
married
I
don't
want
to
get
married
and
this
should
be
invalidated
and
he
would
win
because
those
sorts
of
provisions
are
against
public
policy
and
there's
no
way
for
the
average
person
to
know
this
unless
they're
doing
this
for
a
living,
if
they
have
that
average
person
happens
to
also
be
a
lawyer
and
how
about
pets.
Oh
pets
are
one
of
those
forgotten
people
or
errors.
B
My
pads
are
very
dear
to
me
and
and
people
don't
think
well
hey
if
I'm
incapacitated,
who
has
the
authority
to
get
in
and
feed
my
pet
or
to
take
care
of
my
pet
and
who
ultimately
will
care
for
that
pet.
So
it's
been
on
the
rise
where
we've
been
doing
pet
trusts,
to
provide
some
fun
of
money.
Yes,
you
can
provide,
doesn't
need
to
be
12
billion
dollars
like
Leona
Helmsley,
but
I
haven't
really
helped
out.
A
My
point
is
that
there
are
just
things
that
you
might.
You
would
probably
think
about,
because
you've
been
experienced
in
it
that
you're
not
going
to
get
I'm
going
to
do
it
yourself
right
website
or
or
even
if
you
do
a
little
research
on
your
own.
You
know
the
internet,
everybody's,
researching
them
everything
themselves
and
I.
B
B
How
much
do
I
spend
on
this
and
that,
but
those
sorts
of
things
truly
come
with
experience
in
our
office,
not
only
plans
estate
but
administers
estates
after
an
incapacity
or
death
and
I'll
tell
you.
We
learn
a
lot
from
going
through
the
courts
or
different
situations
that
happen
when
the
incapacity
occurs
and
there's
just
no
way
to
provide
that
information,
necessarily
in
a
book
or
software
program.
So
really
it
is
a
counseling
process
as
much
I
consider
the
day,
I'll
tell
my
clients.
The
documents
are
the
period
at
the
end
of
the
sentence.
A
It's
been
my
experience
to
that
when
you
sit
a
husband
and
wife
down
together,
they
don't
they
had
never
really
talked
about
any
of
these
things
and
just
you
as
a
mediator,
you
find
out
what
each
person
wants
about
it.
You
know,
you
know
yourself,
one
person
kind
of
takes
over
the
conversation
and
does
all
the
talking
the
other
person
just
sits
there
quietly,
unless
you
add
on.
B
B
And
that's
true
and
it
may
make
their
marriage
wonderful,
because
if
you've
got
the
given
the
take
and
they've
come
to
their
own
equilibrium.
But
you
have
a
right
to
do
with
your
property
and
to
make
your
own
health
care
decisions.
The
way
you
want
to,
and
so
there
are
ways
to
do
that
in
one
estate
plan,
where
each
person's
getting
what
they
want
and
doing
with
what
they
want
with
their
assets
in
health
care,
and
so
it
doesn't
have
to
be
an
either/or.
B
A
B
That
be
that
the
people
who
dabble
in
estate
planning
don't
necessarily
keep
up
to
date
with
not
just
the
laws
but
the
better
way
of
doing
things.
We
call
we
have
something
called
best
practices
and
we
stay
on
the
cutting
edge
and
it
really
is
what
we
live
and
breathe.
I'll
tell
you
that's
way
too
true,
but
there
are
things
that
you
just
don't
get
exposed
to
unless
you're
doing
it
all
day,
every
day,
day
after
day,
so
there
are
groups
like
the
State
Bar,
even
local
bars
will
have
estate
planning
sections.
B
So
finding
somebody
who's
really
committed
to
knowing
about
this
area
of
law
is
important.
I
also
belong
to
a
group
called
wealth
Council,
which
is
a
nationwide
group,
and
they
have
a
website
that
you
can
go
to
and
look
for
attorneys
in
your
area
and
all
of
those
people
are
committed
to
providing
the
best
quality
services
to
their
clients.
So
I
think
that's
a
great
place
to
go
as
well.
Now.
B
Well,
I
have
information
on
how
to
choose
an
estate
planning
lawyer
questions
to
ask
if
you're
interviewing
estate
planning
lawyers,
but
also
we've
got
some
fun
tools
like
the
pet
care,
taking
funds
and
different
information
on
what
to
gather
if
you're
going
to
go,
see
an
estate
planning
lawyer.
So
all
that's
available
with
tons
of
information,
it's
a
good
place
to
get
started.
I.
A
A
C
A
Sometimes
you
don't
know
what
you
need,
or
even
what's
available
to
you
until
you
discuss
it
with
a
professional.
The
ensuing
peace
of
mind
is
invaluable
for
making
your
remaining
years
comfortable
for
you
and
your
loved
ones.
Thank
you
for
joining
us
today.
I
hope
you
enjoyed
our
program,
see
you
next
time
on
senior
moments.