Ian Filippini: Family Limited Partnerships: The Basics

Ian Filippini

Ian Filippini

Ian Filippini

Family Limited Partnerships: The Basics

What is a Family Limited Partnership? Will it offer asset protection? Will it help during bankruptcy? Where do I get a family limited partnership? Should I get one?

The above are just some of the questions regarding family limited partnerships. Family Limited Partnerships are arguably the largest and most powerful estate planning tool to have in your arsenal for asset protection. At the same time, it can be the most dangerous. Family Limited Partnerships are generally used along with other estate planning tools and are very precisely implemented and operated. If not done correctly, your asset protection plan from bankruptcy will become useless. This helps to prevent extra scrutiny from the Internal Revenue Services, creditors or a bankruptcy trustee. A wide range of benefits gives the family limited partnership its popularity and power.

Foreclosures and Charging Orders are used by creditors to get around the shield of a family limited partnership, even after a bankruptcy discharge.  It is for this reason, it is vital that an individual should never directly hold an interest in a family limited partnership, instead it should be owned by a trust. This partnership is comprised of a least one limited partner and one general partner. The general partner remains liable for the partnership obligations and they also make the decisions regarding the allocation of income. The limited partner have much more limited liability and control. The partners will be taxed on the portion of income that is allocated to the partners. The general partner has the responsibility of allocating to lower bracket limited partners.

In general, the family limited partnership is a very powerful tool to help with asset protection from bankruptcy or other issues. However, it is important to remember, a family limited partnership is one which requires a lot of advice to plan, draft, establish and operate carefully or correctly. Consult an attorney to draft your documents.

No advice is given or intended.  This article is not to be considered legal advice.  Ian Filippini is not a bankruptcy attorney.  Filippini Financial Group, Inc. is not a law firm.

Ian Filippini, Alfred Filippini (deceased) and Deborah Filippini, have lived in the Montecito (Southern California) area. Ian Filippini’s youngest brother, Alex Filippini, did used to work for Filippini Financial Group, Inc.

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Ian Filippini: Bankruptcy Laws Impact On Asset Protection

Ian Filippini

Ian Filippini

Ian Filippini

Bankruptcy Laws Impact On Asset Protection

You should know the circumstances that would be affected by the changes in the bankruptcy law. Is it important to you? The new homestead exemption law and other items we discuss will only affect your asset protection in the case of bankruptcy. If there is a judgment against someone or other debts that could not be paid, bankruptcy will usually allow you to eliminate the vast majority of these claims. If this is the case, an asset protection pan should be put into place. You could have to forfeit all of your assets that are not exempt or protected in an asset protection plan. By using this strategy to clean your slate, future income can be earned free of all debts and judgments. Future income available to you, amount of a debt, amount of a judgment, or the amount of unprotected assets (that are subject to seizure) should all be considered and examined when determining whether or not bankruptcy is a valid legal strategy for you to use.

A couple examples will illustrate this point. If a doctor, let’s call him Dr. B, an adjusted gross income of $200,000 per year; a home with about $125,000 in equity, and a recent judgment against Dr. B in the amount of $500,000.  Depending on the state’s homestead exemption, it can offer asset protection because if he does not file for bankruptcy, his house will be protected. Dr. B may not lose his equity, but his future income, earnings and any amounts he saves will be subject to a collection by the creditors. These judgments generally are enforceable for 20 years. The financial future for Dr. B does not look promising. Dr. B could decide to file for bankruptcy, protect his home under the homestead exemption, get rid of the outstanding judgment. Whatever is earned in the future or saved will not be jeopardized or put at risk.

No advice is given or intended.  This article is not to be considered legal advice.  Ian Filippini is not a bankruptcy attorney.  Filippini Financial Group, Inc. is not a law firm.

Ian Filippini’s father Alfred Filippini (deceased) and mother Deborah Filippini (living), raised Ian and his brother Alex Filippini in the Montecito and Santa Barbara area. Both sons did work for Filippini Financial Group, Inc.

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Ian Filippini: Santa Barbara Secrets: Thrift Store Shopping

Ian Filippini

Ian Filippini

Ian Filippini

Santa Barbara Secrets: Thrift Store Shopping

There’s a song dedicated to ‘thrift store shopping’ because it’s the absolute best way to shop for all of the things that you need. Although Santa Barbara is an affluent California city, it is still filled with a number of residents who love to save money.  Saving money is something Ian Filippini and the Filippini Wealth Management Group Inc. are experts at.

Take a look at 5 reasons to thrift store shop!

  1. Tons of Goodies

You never know what you will find at the thrift store, and that is one of the reasons that it is so fun to shop there. Filippini Wealth Management Group Inc. associates love this thrift store fact!

  1. More Money in Your Pocket

When you shop at thrift stores there is plenty of money to be saved. Some people report up to 90% off of original price tag, and oftentimes new items are also available, too.

  1. Discontinued Items

Are you on the hunt for an item no longer being produced? You might find it waiting for you at the thrift store.

  1. Everything that you Need

No more running from shop to shop to get what you need; the thrift store has it all. Clothes, shoes, handbags, toys, furniture, household items, you name it, they have it ready to purchase.

  1. New Inventory Daily

You can always get something new at the thrift store! New items arrive daily at the majority of the stores, and if it is not this often, it is fairly regular. You can visit a couple of times per week and always find something new.

Now that you know the top five reasons to shop in the thrift store, let’s take a look at some of the best in the city. These are all stores with fabulous finds, great prices and more, so you don’t want to miss out! Schedule a day to visit each of these stores and get more for your money for a change.
Alpha Thrift Store

Alpha has a little bit of everything for sale. Whether you’re searching for clothing, toys for the kids, books, home décor, furniture or something else, you will favor the wide selection of items here. The thrift store is open 7 days per week, each day providing a clean, safe shopping experience for those out looking for a great deal. Voted as ‘Best’ thrift store in the area several years in a row, Alpha is committed to excellence and providing reasonably priced products to the public. All of the proceeds from the thrift store are put right back into the community and used to fund programs at the Alpha Resource Center. Ian Filippini always loves to hear about people who give back to the community, so this thrift store is  a favorite on his list.

United Family Associates Foundation

This thrift store is open for business Monday through Saturday. Inside shoppers will find a variety of good clean merchandise to take their pick from. Items include clothing of all sizes for the entire family, shoes, kitchen accessories, lamps, books, children’s toys, décor items artwork and more. The center provides great prices on all items, and sales take place often. All of the proceeds from the sales in this thrift store go back to the ministries of the center.

The Thrift Store

What an awesome name! The Thrift Store may have a simple name, but the items inside are far from ordinary. You’ll find clothes to electronics to home décor items and even jewelry. It is fabulously displayed inside of a well-lit, clean and professional store with friendly and helpful employees eager to see you happily getting all of the goods you can at awesome prices. Expect to encounter friendly employees who are professional in their products and so helpful in your purchase decisions.

Ian Filippini is a wealth management advisor and owner of Filippini Wealth Management Group Inc. He recommends thrift store shopping to all residents of Santa Barbara, and of course throughout the state and the US! There is so much money to save on almost new, still usable goods for your home, and saving such a great amount of money will certainly help you live a more financially successful life. You should take it from an expert in finances and stop spending your money on overpriced items when they might just be sitting on the shelves at one of these awesome thrift stores.


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Ian Filippini: Santa Barbara’s top Employers

Ian Filippini

Ian Filippini

Ian Filippini

Santa Barbara’s top Employers

Are you in search of employment in Santa Barbara? There are numerous companies in which to obtain employment. From restaurants and consulting firms to the Filippini Wealth Management Group Inc. and golf courses, all educational levels and interests can find the job they desire in the area. There is a job for everyone, of all backgrounds in this diverse city.

But, some employers stand out more than others stand out, and most people have their eye on these employers. Those companies are the top employers in the area, and we are here to share those names with you! What companies are the biggest and the best in the area and what makes them uphold these standards? If you want to get a job with a company that is sought-after, here are some of the companies to keep an eye out for. These are the best employers in the city.

Top Employers in the city

Bacara Resort & Spa: Bacara Resort & Spa is one of the most prestigious resorts in the city, and they also happen to be one of the largest employers. Bacara is a beautiful place to stay and an amazing place to work. They hire people for various positions, including customer service, event coordination, catering, hotel services and management, bartenders, massage therapists and more. Salaries of bacara employees vary according to their position, however, the lowest salary usually starts at a rate of about $15 per hour.

County of Santa Barbara: The County of Santa Barbara has a payroll with just over 4,000 people. These individuals represent various aspects of the county government including agricultural and county fees administrators. These positions usually require a degree, but not always.  The average salary for County of Santa Barbara is $78.628 annually.

University of California Santa Barbara: The UCSB is the largest college in the area. It employees more than 8,000 people to help operations of the facility, from professors to janitors and many others. Average salaries at the UCSB range between $35.550 and $89,990 annually. This is also a top employer because there are substantial benefits also offered with the great salary.

Cottage Hospital: Cottage Hospital is the largest medical employer in the city. They employ just over 1,600 people in their organization. Various positions are available within the hospital, and the average salary of employees’ ranges between $35,000 to $200,000 annually.

United States Postal Service: The USPS is another of the top employers in the city. There are more than 1,400 people employed with the USPS.  Employees of the USPS are treated to a magnitude of exciting benefits, as well as an average salary of about $58,000 annually.  The more experience, the higher the pay!

Marian Medical Center: Marian Medical Center employees just over 1,000 people at their facility. They hire both skilled and non-skilled workers to handle the operations of the hospital. Average pay for an employee of this medical center is between $20.20 per hour and $58.48 per hour.

Vandenberg Air Base: The Vandenberg Air Force Base  in the Goleta area is yet another top employer in the city. The average employee earns a salary of $62,000 per year, and there are just over 8,000 people employed with the organization.

Have You Spoke with Ian Filippini?

It is always nice to become an employee of one of these companies because you can always expect a great working environment with lots of benefits thrown in the mix, combined with great pay and many other rewarding benefits. Even if you are unable to land a position with one of these top employers, you can still maintain your financial success with the help of the Filippini Wealth Management Group Inc. and president Ian Filippini. All it takes is a phone call to make great things happen with your finances.

The Filippini Wealth Management Group Inc. provides wealth advisory services including retirement planning, estate planning and more. With the help of these professionals, ensuring that you are enjoying Santa Barbara living to the fullest is always something you can do because your finances will always be in order.  Whether you are working at one of these employers, hoping to do so in the near future or simply curious about this information, you are a person that Mr. Filippini and his group can help.

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Ian Filippini: 5 Must-Visit Santa Barbara Restaurants

Ian Filippini

Ian Filippini

Ian Filippini

5 Must-Visit Santa Barbara Restaurants

Dining out in Santa Barbara is an experience in itself. There are so many fabulous restaurants found throughout the city, each offering its own special twists and turns to keep it unique. Many Spanish influenced restaurants are found in the area, but there is certainly a nice mix of other styles as well. The city has numerous steakhouses, Italian eateries and even French specialties for your dining pleasure, and as a city so close to the coastline, seafood restaurants are also in great abundance. With so many restaurants, choosing one to dine at can be an overwhelming experience. To make things just a bit easier for you, take a look at these five must visit restaurants. Ian Filippini Santa Barbara blog shows they are some of the best in the area!

Family-Owned and Operated

One place that the Filippini Wealth Management Group Inc. might go for lunch, or a business date is Jane restaurant. This family-owned business serves scrumptious lunch and dinner, with a nice menu to accommodate each time of the day. Ian Filippini Westlake Village California the setting is intimate; the prices are comforting, and the food is outstanding.  All foods are prepared fresh daily inside of the restaurant, including salads, entrees and desserts. Grilled Filet Mignon with Mushroom cream sauce, Fettuccini, and Fish and Chips are just some of the items on the menu at Jane. Ian Filippini Santa Barbara pecan pie is a favorite dessert on the menu. The amazing service is another reason to head to Jane when it is time to eat.

A Little Italian Love

Our second most-recommended restaurant in Santa Barbara is Pascucci Restaurant. As the name suggests, this is an Italian restaurant with a full menu of authentic-tasting entrees and desserts. Lunch and dinner are both served, with a nice wine menu to accommodate them perfectly. The Antipasti sampler is a favorite menu item, but there are plenty of other tasty choices to select. There is even a nice menu for the kids with favorites that they enjoy such as cheese pizza!     Again, this is a restaurant that you might just find the Filippini Wealth Management Group Inc. enjoying for a business date! They have the creation of Italian foods precise!

Head on Down

Number three on the list of restaurants is Downey’s. This restaurant is far from ordinary, and throughout the years their unique characteristics have turned them into a restaurant adored by the locals and desired by the visitors coming into the city. Downey’s has been voted the #1 restaurant in the city, and one look at the menu and you’ll know why. You can dine at Downey’s for lunch or dinner, but reservations must be made first. Ian Filippini Westlake Village California knows upon arrival, you will gush at the ambiance and serenity offered inside and after making your choices for the four-course meal and tasting the freshness on your plate you will know you’ve found a restaurant deserving of your time and attention.

South of the Border Food

The fourth restaurant we recommend is a place called Los Agaves. At this restaurant, diners can enjoy a taste from South of the Border combined with a small, intimate setting and outstanding service. Guests are also treated to some of the best prices in the city for Mexican food. The menu selections include Agave Enchiladas, Crispy tacos and, of course, delicious, homemade salsas along with numerous other menu items. Los Agaves offers imported wines to accommodate your meals as well. Ian Filippini Santa Barbara knows when it is Mexican that you crave, this restaurant is the place to cater to your demands.

Bouchon: The French Specialty

Finally, the fifth restaurant that we recommend (as does Ian Filippini Santa Barbara and his associates at Filippini Wealth Management Group Inc.) is Bouchon. Ian Filippini Westlake Village California says this French restaurant has all of the ambiance and appeal of a romantic establishment with the heart to accommodate all other diners perfectly. Dinner is served each night at Bouchon, with all menu items created with only fresh ingredients. Add the unique flavors created by Chef Greg Murphy and you have a restaurant that you will want to frequent. Bouchon has seasonal menu items, including fresh seafood choices, as well as a nice wine menu to pair with your entrees.

Dining Out in Santa Barbara

These are just five of the many outstanding restaurants located in this great city. No matter what your taste buds are calling for, there is always something nearby to accommodate your style. Make sure that the restaurants listed above are all restaurants that you visit at least one time in your life. They are all favorites of the locals, and sure to be your new favorites as well.

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Ian Filippini: Best Desserts in Santa Barbara, CA

Ian Filippini

Ian Filippini

Ian Filippini

Best Desserts in Santa Barbara, CA

A tasty, decadent dessert never hurt anyone, and if you live near Ian Filippini Santa Barbara, the mounds of dessert shops and bakeries found throughout the city are tempting enough to get you inside of the door any day of the week. Despite the vast range of choices, some are better than others, and should not be missed. The Filippini Wealth Management Group Inc. is a financial consulting company in the city. Owner Ian Filippini Westlake Village California wants to ensure that you get your sweet tooth fix without the hassle, so take his advice for top dessert spots in this marvelous city.

Delicious Expressions

Filippini Wealth Management Group Inc. loves the treats served at this bakery! There’s a full list of sweets to choose from, each tasting like an unknown treasure, a slice of heaven. Cookies, cakes, cupcakes and brownies are available, with personalized orders also offered.  This bakery has been serving the area since 2009, and there is no doubt they’ll be around for many, many more years to come.

Andersen’s Danish Bakery & Restaurant

Andersen’s Danish Bakery & Restaurant is located in the downtown area of the city. The intimate setting is cozy and quaint, and while dessert isn’t all that is served, it is certainly a unique treat that so many come to enjoy. There is an excellent selection of gluten-free desserts available for individuals with allergies, as well as cookies and holiday treats.


Whenever the mood for romance strikes, Ian Filippini Westlake Village California recommends you take your special one to Bouchon. Start off with an elegant French dinner, followed by a tantalizing, melt-in-your mouth dessert. Strawberry Shortcake, Blueberry Lemon Upside Down Cake and ice cream are all on the menu for your selection. These desserts are not your average sweet treats, and there is no question that they’ll conquer your sweet tooth.

Robyn Loves Cake

Cupcakes and cakes are on the menu at Robyn Loves Cake, and each of them is made with love at this establishment. Order a dozen or two cupcakes or a cake for your wedding, knowing that Robyn will ensure that it is perfect for your occasion. Flavorful, moist and delicious, these cakes are sure to become your favorite! Cherry Pomegranate, Carrot Cake, and Peppermint are just a few of the flavors for your cake creation.

Sugar Cat Studios

Another cake haven, Sugar Cat Studios specializes in creating cupcakes. Each cupcake almost looks too good to eat, with its colorful and happy wrapper and perfectly attached frostings and decorations.  Btu, you buy it, you bite it, and you love it; repeat the process again. There are many different cupcake flavors and designs that can accommodate your tastes no matter what you like or are in the mood to eat. On the list of flavors: Butter Pecan, Pink Champagne, Tequila Lime and White chocolate Raspberry.  A minimum order of 50 cupcakes is required, so make this your special stop for cupcake fun.

McConnell’s Ice Cream Parlor

You won’t find any cupcakes at McConnell’s, but what you will find is delicious, handmade ice cream in a ton of different flavors. Frozen yogurt is also available. Ian Filippini Westlake Village California and his group at Filippini Wealth Management Group Inc. will tell you that this is one of the best places to spend your day, as well as some of the best ice cream in the entire state. McConnell’s has been a part of the city for a long time now, with the doors opening more than 50 years ago. If you live in the city, McConnell’s is a must-visit establishment on a regular basis! Prices are just as excellent as the ice cream and the yogurt.

The Lovin’ Spoonful

The Lovin’ Spoonful is a great frozen yogurt joint that puts you in control of your sweets. Choose from an array of flavors of  frozen yogurts and sorbets to tickle your sweet tooth fantastically. The products are free of hormones and additives, so you can also treat yourself to a spoonful without worry of causing yourself health concerns. Prices are also friendly in this shop so you won’t mind stopping in and spending a few dollars.

Whether you’ve spent the day at the beach, visited museums or took a road trip, there is always time for a great dessert to finish up your agenda. With these awesome dessert stops near Ian Filippini Santa Barbara, you can get what you want, when you want it, all without a single morsel of disappointment after you’ve enjoyed your treat. Remember, these are just some of the excellent places that you can visit, so be sure that you check them all out!

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Ian Filippini: A Look at the Santa Barbara Neighborhoods

Ian Filippini

Ian Filippini

Ian Filippini

A Look at the Santa Barbara Neighborhoods

A Look at the Santa Barbara Neighborhoods

Ian Filippini Santa Barbara has been a resident of the city since birth. He loves the city that he calls home, and wouldn’t want to live anywhere else. As the owner of Filippini Wealth Management Inc., Ian Filippini Santa Barbara also understands the importance of making sound financial decisions, especially when speaking of your future living arrangements. You want to buy a home that will be just as quaint tomorrow as what it is today, all in the right area and at the right price. Choosing to live in Santa Barbara is a great decision when you know what to expect. Courtesy of Mr. Filippini and Filippini Financial Group, enjoy a look at the various neighborhoods in Santa Barbara, and a bit of what they have to offer.

Montecito: The Montecito area of the city runs from the National Forest to the Pacific Ocean. This area of town is home to stars, celebrities and A-list names. Here you will find cold springs, waterfalls, hot spring and a mound of beaches surrounding luxurious resort- style homes with glorious landscapes. There are two villages that offer shopping and dining, titled the Upper Villages and the Lower Villages.

Carpentaria: Carpentaria is located on the south edge of the city. It is split by a valley which turns into the sea. This area has small town charm, with many lower cost condominiums. You can also find an abundance of ranches here. Living in the Carpentaria area of the city will enlighten you to avocados at their best, and there is plenty of clubs, restaurants and businesses to accommodate all of your needs.

Upper East Side: The Upper East Side has style and charm, with plenty of history in the architect. The Upper East Side is a wealthy area of town, with many homes and buildings first built in the 1800s. However, to accommodate for changing times, the Upper East Side also has a nice blend of modern style homes for those who enjoy the area, yet want something more.

Summerland: Summerland is in close proximity to Montecito and overlooks the pacific Ocean. Most homes in this area are sitting with a magnificent beach or island view, and plenty of large, lush homes are sprinkled throughout the area.

The Rivera: The Riviera will take you away to a humble place in France, and for a short while you might actually forget that you are even in Santa Barbara. There are many homes in this area, all surrounded by lush hills and gorgeous seas. There’s an elegant European charm in all of the homes in this neighborhood.

Mission Canyon: Sitting north of the Santa Barbara Mission, this neighborhood is rich in heritage and deep in history. Nature is in great abundance, and the serene surroundings remind you of the early days of the city.

The Mesa: Although the Mesa is one of the city’s latest additions, it is nonetheless a neighborhood that is designed for peaceful family living at its best. There are many single-family homes here, and you can also find condos offering sophistication and charm. Santa Barbara college is located within this neighborhood, and the area is the location of the only lighthouse in Santa Barbara.

Hope Ranch: Hope Ranch is a secluded area sitting along the hills and groves of the city. For those who want city living without the feel of the city, the Hope Ranch neighborhood is the answer. Rural living is met with brilliant golf courses, country clubs and other specialties.

Goleta: Goleta is close to downtown, with prices to reflect. Both condominiums and single-family homes can be purchased in the glorious SB foothills. There’s great business and education in the neighborhood, and its natural beauty is of great abundance.


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Ian Filippini: A Look at the Climate in Santa Barbara

Ian Filippini

Ian Filippini

Ian Filippini

A Look at the Climate in Santa Barbara

A Look at the Climate in Santa Barbara

Are you interested in learning more about the climate of Santa Barbara, California? If so, this is the article for you. Here we will take a look at the climate in the city, which happens to be pretty spectacular in all four of the seasons.

The Santa Barbara area has a Mediterranean climate in most areas. This climate brings to the city more than 300 beautiful days of sunshine each year.  This sunshine enables residents and visitors to get out and explore all that is offered in the area without worry of bad weather coming their way.

The city, which sits at sea level to about 620 feet above water, can be humid, with typical ranges of 40% to 60%. The humidity level, however, does vary by the season, and is usually mild enough to result in pleasant temperatures. Most of the year, the city is very pleasant with mild and enjoyable temperatures and no concern over the humidity causing issues. Visitors to the city are oftentimes surprised, yet eagerly impressed by the year-round temperatures. Ian Filippini Santa Barbara is a long-time resident of the city, and while he enjoys a mixture of the city’s amenities, it is the weather that is most impressive in his eyes.

The Pristine Location

Rainfall in the city is also something that varies from season to season, but also with the area of the city that you are in. An average of 15 inches of precipitation is experienced in Santa Barbara each year. This number is small, and most desert communities see the same amount of precipitation each year.

Snowfall is not something that city residents or visitors should expect to see. The only exception is the Big Pine mountains, which may receive up to four foot of snowfall in any given year.

Fog is one concern that residents do note, and it can be especially dense in the spring and summer months.  Along the coast of the city, the fog may persist for several days, though in other areas, it usually comes at night and departs by noon the following day.

The Santa Barbara location is to thank for its gorgeous, near perfect temperatures throughout the year. The coastline of California runs on either side of the city, thus penetrating delightful ocean currents day in and day out. The Channel Islands, located about 30 miles offshore from SB, keep storms and ocean hostility at bay, thus this is not something that residents (or visitors) must worry about.

Average Temperatures

The temperature in SB is perfect no matter what time of the year. Although the average temperature is about 65 F degrees year round, there is variation based upon your exact location in the city. It rarely drops below a temperature of 56 F at any time in the city, and the highest temperatures that you can expect is about 74 degrees F. Although some seasons are more popular than others, there really is not a wrong time to be in the coastal  California city, and Ian Filippini Santa Barbara will tell you this any day of the week.

In addition to the utmost delightful temperatures all year long, the city offers beautiful clear skies and crisp air that is unlike anything that you’ve ever before experienced.

Filippini Wealth Management Inc.

Whether it is summer, spring, winter, or fall, there’s always a perfect opportunity to stop by the Filippini Wealth Management Inc. agency. President Ian Filippini Santa Barbara and his team of financial experts can ensure that you are living life in the city to the fullest potential with solid advice, tips and services.

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Ian Filippini Santa Barbara Will or Living Trust

Ian Filippini

Ian Filippini

Ian Filippini

Will or Living Trust?

Find out more about author Ian Filippini on

There are so many details when it comes to estate planning.  There are so many different options and it can all be very complicated and a little scary; this is where the professionals come in.  Sometimes in life things can be do it yourself, but sometimes, as with estate planning, you should leave it to the experts.  Ian Filippini and Filippini Financial Group, Inc. are experts with estate planning.  Ian Filippini is also an expert in wealth management.  Ian Filippini and Filippini Financial Group, Inc. urges you to consult your own professional when it comes to your estate planning needs.  For example, should you create a will or a living trust?  This is just one of many questions you may stumble upon when engaging in the estate planning process.  In this article, Ian Filippini will briefly discuss whether you should create a will, or a living trust.
Ian Filippini and Filippini Financial Group, Inc. would first like you to know what both a will and a living trust are.  A will is a document detailing the people in your life whom you would like to receive any money or property or other assets that you may own at the time of your death.  Ian Filippini says that a living trust also lists beneficiaries to your property and assets for after you die.  So the answer, says Ian Filippini and Filippini Financial Group, Inc., is that you need both a living trust and a will, and here’s why.  But what happens if you somehow get some new property right before you die, but you did not get a chance to include it in your living trust?  This is where your will can come in, says Ian Filippini.  In your will you can include a clause that states that any property not included in your living trust can go to a specific person.  With no will, state law decides who gets that property not in the living trust.
Ian Filippini is not an attorney and is not licensed to practice law. Filippini Financial Group, Inc. is not a law firm. This article is not intended to provide and is not to be considered legal advice. Consult a licensed attorney to review your legal issues.
Ian Filippini is a Santa Barbara local and currently is also the president of Filippini Financial Group, Inc. Filippini Financial Group, Inc. is also located in Montecito, California (Santa Barbara area). Filippini Financial Group, Inc. and Ian Filippini have many years of experience with insurance, taxation, estate planning and real estate. Alfred Filippini and Deborah Filippini (Ian Filippini and Alex Filippini’s parents) moved the family to the Santa Barbara area.

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Ian Filippini Santa Barbara Your Living Will

Ian Filippini

Ian Filippini

Ian Filippini

Your Living Will

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So you’ve done it.  You’ve gone and finally created your estate plan.  It took you awhile to realize that you needed one, and then it took you even longer to decide what type of estate plan that you wanted to create.  And then, of course, you worked long and hard to create the perfect estate plan for you…or so you thought.  A lot of people get so caught up in creating trusts and figuring out ways for the most of your property to be distributed to loved ones, rather than Uncle Sam, that they forget about a very integral part of estate planning—your final medical wishes, otherwise known as your living will.  Ian Filippini has many years of experience with estate planning.  Ian Filippini also has lots of experience in specifically with living wills.  In this article, Ian Filippini and Filippini Financial Group, Inc. will discuss what is included in a living will and why you should have one included in your estate plan.
Ian Filippini and Filippini Financial Group, Inc. wants you to know how important a living will is.  A living will, according to Ian Filippini, is a document detailing what kind of medical care that you would want if you became incapacitated.  Think about it.  If your wishes are not written down on a legal document somewhere, no one, or maybe not in enough time, will be able to tell medical professionals of the care you wish to receive.
Ian Filippini and Filippini Financial Group, Inc. say that an equally important piece to your estate plan should be a power of attorney for health care.  Ian Filippini asserts that this should be someone that you trust completely to make sure that your medical wishes are carried out, if you are unable to say what those wishes are.  Ian Filippini and Filippini Financial Group, Inc. say that these documents are two very important parts to your estate plan.
Ian Filippini is the current president of Montecito’s Filippini Financial Group, Inc. Ian Filippini and Filippini Financial Group, Inc. are located in the Santa Barbara area. Ian Filippini’s parents, Alfred Filippini and Deborah Filippini, moved Ian Filippini and his brother Alex Filippini to the Santa Barbara area. Filippini Financial Group, Inc. is Santa Barbara’s one stop shop for insurance, taxation and real estate. Filippini Financial Group, Inc. and Ian Filippini have years of experience providing their clients with solid financial advice, tax and estate planning.
No advice is given or intended and this article should not be considered or used as legal advice. Ian Filippini is not an attorney and Filippini Financial Group, Inc. is not a law firm.



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