FAQ 

Frequently asked questions

What does "estate planning" involve, exactly?


Estate planning is one of the most important steps any person can take to make sure that their final property and health care wishes are honored, and that loved ones are provided for in their absence. Though often overlooked or put off in favor of more immediate concerns, a comprehensive estate plan can resolve a number of legal questions that arise whenever anyone dies: What is the state of their financial affairs? What real and personal property do they own? Who gets what? Does a personal guardian need to be appointed to care for minor children? How much tax will need to be paid in order to transfer property ownership? What funeral arrangements are appropriate? Below you will find a brief overview of estate planning including a definition of basic terminology, where to go to do additional research, and how to find an experienced estate planning attorney in your area. (FindLaw.com)




How does an estate plan protect my family, not just my assets?


One obvious way is guardianship if you have minor children. Who will care for them if anything happens to you, and who will manage any money you leave for their care? These are critical questions to answer BEFORE anything happens, before it's too late. Besides providing for your family financially should you die having a formal estate plan is also important to give guidance to your family regarding your health care wishes if you become incapacitated, and preventing family conflict at the time you pass away.




Why is having a "trust" better than having a "will" in Hawaii?


A Living Trust, but not a Will, is able to do the following: * Avoid probate and the related-issues including delays. * If you become incapacitated, avoid a court-mandated conservatorship and provide instructions on how to manage your affairs. * Allows you to control how your estate is managed and spent including the care, support and education of your children. * Protect children from their creditors and ex-spouses * Avoid an outright inheritance to children who are not ready to make ideal financial decisions. * Honor your values by providing incentives for children to pursue higher education, professional pursuits and/or special interests. * Safeguard your wishes by preventing disputes/litigation * Protect children from prior marriages by ensuring fair treatment/provision * Ensure privacy – because probate is a public process, anyone (including scammers) can find out how much you had, to whom you left your assets, and other private information about you. * Reduce or avoid Federal Estate Taxes.




How exactly will Infinity Estate Law help me and my family?


At Infinity Estate Law, we are committed to educating you and ensuring that your plans work for your lifetime. We make estate planning a simple process for you to make the right decisions for your family's needs. We will be here for you to guide you through a lifetime of right decisions and maintaining your plan as your family/assets grow.




How long will it take to complete the plan?


It depends largely on YOUR schedule, but is generally completed within one or two months The Infinity Estate Law Group offers a FREE initial consultation to discuss your concerns and how we might be able to help you. If you feel it would be helpful for us to develop a plan with you and for you, we'll give you a family estate inventory questionnaire to complete for your Family Estate Planning Session. During the Session, we'll analyze your information, family circumstances, and educate you on what options of estate planning is most suitable for your needs. We may have further meetings to educate you and design your plan. At some point, we produce an actual, written plan and assist in any transfer of assets. As your family and/or asset grow, we will review and update your plan so that your plan will continue to work for you and your family.




How much will it cost?


We offer competitive pricing to accommodate the needs of families.As noted above, we offer a FREE initial consultation. During the consultation, we'll review your situation, your goals, and what you might like us to do for you. We'll also explain the three proprietary estate-planning-and-strategy packages we offer. Our offer will include a price that takes into account not only the package you select, but also the complexity of your situation and the amount of work we estimate will be required on our part.





You are unique and so will be your estate planning documents. We pride ourselves on not printing out cookie-cutter legal documents.  Instead, we spend as much time as you need to listen to your concerns and plan for your family needs. 

 

Our job is to ensure that your estate planning documents achieves the best outcomes in terms of tax planning, long term goals and protection from sibling rivalry, disputes or unexpected circumstances. 

Estate planning is a RELATIONSHIP, not a transaction!

Call us today at 808-392-7306 to discuss.

 

Infinity Estate Law Group LLLC

Honolulu, HI

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T: 808-392-7306 

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Julie Suen.

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