Karn Thapar's Legal Cases (3)

Estate planning

Husband and Wife Estate Planning - Representative Case 1

Jun 01, 2023

OUTCOME: Total Estate Value: $8.9m (4 real estate properties, investment and cash accounts). We created Seperate Revocable Living Trusts, Newly-Formed LLCs, Power of Attorney, Trust Documentation and Healthcare Documentation

In this example, my clients owned the following assets: - 4 Oregon properties, of which 2 properties were rentals - 1 California property, which was a rental - Investment and retirement accounts ... - Other valuables and assets Total estate value: $8.9m For this client, I prepared a special estate plan so that the majority of each spouse's share will go to the surviving children. Additionally, I created multiple LLCs to protect the rental properties.

Estate planning

Husband and Wife Estate Planning - Representative Case 2

Mar 15, 2023

OUTCOME: Total Estate Value: $1.7m (paid for home, retirement and cash accounts). We created a Sweetheart Estate Plan - Seperate Revocable Living Trusts, Power of Attorney, Trust Documentation and Healthcare Documentation

For this husband and wife, they owned the following assets: - 1 Oregon property, paid for - Retirement accounts including IRA's and 401(k)'s - Investment accounts held with a large brokerage - C ... ollector items and valuables - Life insurance policies valued at $500k - Large value checking accounts, savings accounts and CD's Total estate value: $1.7m For this husband and wife, they wished to employ a "sweetheart" estate plan whereby everything would go to the surviving spouse and thereafter be split equally between their two children.

Estate planning

Single Individual Example

Jan 10, 2023

OUTCOME: Total Estate Value: $2.1m (2 properties, one LLC, small retirement account and annuities). We created a Revocable Living Trust, Power of Attorney, Trust Documentation and Healthcare Documentation

This individual was single and had no children. He wished for the following assets to be transferred to his nephew after he passes away. He owns the following assets: - 2 Oregon properties, with o ... ne rental property - Checking and Savings Accounts - Small retirement account - Annuities Total estate value: $2.1m

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