FOR IMMEDIATE RELEASE
West Bloomfield, Michigan (10:37am) January 11, 2010
From: Joseph J. Dadich, Esq.,
With all the investing that Donald Trump and other luminaries do, can you imagine what would happen if their estate plan was not properly drafted? We found out at last weeks Novi, MI Real Estate Seminar, where we met up with Celebrity-Attorney-Insider, Joseph J. Dadich, Esq. and author of 'Celebrity Estate Plans Gone Wrong – Secrets Every Real Estate Entreprenuer Needs to know to prevent being taken advantage of when a loved one dies'™ about these important issues.
Listen to what he said: "… what most Estate Planning and financial advisors miss is that a surviving spouse and future in-laws of kids' may create more havoc when your plan is not set-up properly."
We asked further what a busy family with so much traveling and commotion going on with real estate entrepreneur's what do they need to bullet proof themselves. This will truly shock you. "First off, there are more than 70% of family's – including real estate entrepreneur's – that have ZERO estate planning in place." "At the seminar we went through step-by-step the critical steps to take. For one, you need a VIP Revocable Living Trust with the 15 critical steps. And one of the major clauses you need embedded is our 'Casanova Clause' ™.
One attendee said "I don't want to go through years of emotional turmoil if my spouse passes on. As of today, we have multiple LLC's but have failed to transfer them into our trust and we will be doing that with Joe's system, ASAP."
We inquired as to what can this cause when the spouse who does the investing suddenly passes on? Mr. Dadich said "The surviving spouse would have to go to probate court. Costs can be as much as 20, 30% of their total estate. Not to mention, if there are kids from previous marriages there is a good chance they may have missed any opportunity to reap the benefits from Dad's rental income/equity in properties. Which is what the Casanova Clause prevents."
Visit Mr. Dadich's blog at www.emergencyestateplanningin20minutes.blogspot.com for interviews 248.358.6965 office. Upcoming Seminar on Nov. 3 in Warren, MI Only 8 spots left.
For your very own FREE Report email freeestasteplanningtips@Gmail.com
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