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Legal Concepts Revealedcrest_dev2022-06-22T08:58:44+00:00

Ways to convey property after death ~ Legal Concepts ~ REVEALED!

Considerations when planning your estate. Kirk Kaplan introduces some thoughts for your consideration in this installment of Legal Concepts ~ REVEALED!

A CREST KEY LEGAL AND ACCOUNTING PRESENTATION
Ways to convey property after death ~ Legal Concepts ~ REVEALED!
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Ways to convey property after death ~ Legal Concepts ~ REVEALED!
Considerations when planning your estate. Kirk Kaplan introduces some thoughts for your consideration in this installment of Legal Concepts ~ REVEALED!

A CREST KEY LEGAL AND ACCOUNTING PRESENTATION
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Hello, I'm Kirk Kaplan with Crest Key Legal and Accounting, and in this video, I will talk about trusted advisors and professionals that can help you and us while administering ...trust administrations and probate administrations. Just for ease I will refer both as administrations.

While you're administering, you're going to need assistance with getting valuations of property that we have to report to heirs or beneficiaries.

The way you do that is you have trusted advisors that can do appraisals of real property or appraise coins or jewelry or other valuable items that the deceased may have left behind. We have a number of people that we refer to commonly that help our clients in valuing those properties.

We also have other professionals such as handymen and other people who can work on cars to help vehicles repair them back to running order if need be for sale. We have a vast network of people we have worked with for many years. Additionally, we will ask you for feedback. Did they do the job that they promised? Were they truthful with you? Did they charge you a fair price?

Our vast network is one benefit of working with Crest Key Legal and Accounting. You team is always ready to help.

Make sure you like and subscribe to our videos for more content.
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Hi everyone. I'm Kirk Kaplan, and in this video I visit the Las Vegas Strip and specifically the Las Vegas Pinball Museum. In this video I spend a little time ...visiting the pinball machines and also I will talk a little bit about how you can fund your revocable living trust.

I used to play the pinball machine, Captain Fantastic that I played it for hours on end and I literally was a pinball wizard. There was one instance I did overturn the point system and you could actually get more games as you win.

As I play this game, I wonder how could you be able to give this machine away in your trust? If you have a revocable living trust, and it is drafted properly, there is a way you can actually give away personal property. It can be quite simple, grab a piece of paper, identify the object, state the object and sign the piece of paper.

I have seen on a daily basis that many people do not take advantage of this opportunity. For example, let's say you have something special you would like to give someone, like a ring, a car, it has to be personal property and something tangible. Not cash or business assets. You can give this special item away through your trust.

If your trust does not give you that option, you may want to find a way to have your trust amended so that this option is available to you. This is something that gives you control over the items you want to give away at your death. Now with that said, my next question is, why make people wait?

If this is a gift that you truly enjoy, why not consider giving it away to the person while you are living so that you can see that they are enjoying the gift? My advice is always the same, review your trust, if you are unsure what your options are available to you, just call my office. I will send to you a list that you can attach to your trust and you can sign and date it and describe the items to give away.

I'm Kirk Kaplan with CrestKey Legal and Accounting. This is Legal Concepts.
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Kirk D. Kaplan Esq., CPA
(702) 202 4153
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