Ian Filippini Santa Barbara

Ian Filippini Santa Barbara

Ian Filippini Santa Barbara

What Do You Know About Estate and Estate Taxes? Some Frequently Asked Questions!

Find out more about author Ian Filippini on 

Estate planning and estate protection with Ian Filippini Santa Barbara are two terms which are quickly becoming common here in Santa Barbara, says Ian Filippini from Filippini Financial Group in Santa Barbara. A large number of people are progressively starting to realize the importance of estate planning and exactly why they need it.

Those of you, who have been investing in creating a solid residential or commercial real estate portfolio, must realize that estate planning has a number of benefits that you can get. Here are some questions about estate planning, which you might have been thinking about, and the answers from the wealth management professional, Ian Filippini Santa Barbara.

What Exactly Are The Things Included In Estate?

Ian Filippini explains that your total estate is the total accounting of everything you own or have interests in, at the day of your death. However, the value of these assets is calculated according to the fair market value, not what you had paid for them. Your total estate could include real estate, securities, trusts, and other assets.

If I Own A ½ Interest In A Business With My Sister, What Part Of It Would Be Included In My Total Estate?

Depending on a number of factors like, how you acquired your estate, how it is supposed to be treated under the state law, most probably, you would only be able to include half of the business’s value in your total assets. However, a large number of legal factors are effective here, so you might want to consult a professional like Ian Filippini Santa Barbara from Filippini Financial Group in Santa Barbara.

What Is Not Included In My Total Estate?

Usually, your total estate doesn’t include any assets or properties, which are solely owned by your spouse or any other individual. Lifetime gifts that are complete and life estates given to you by others, over which you have no power after your death, are also not included in your total estate.

Are There Any Loopholes To Cut Down Estate Taxes?

Not exactly loopholes, but there are legal ways to cut down the estate tax, says Ian Filippini. Some of those ways are:

  • One of the most common type of deduction people look forward to, is marital deduction. In the case where you pass away, leaving your assets to your spouse, the property must pass outright.
  • If you leave your property to a charity foundation, it is deductible from your total estate.

Mortgages also allow you to decrease taxes.

  • Any losses during estate administration can also help.

What Should I Consider When Hiring Help For My Estate Planning?

Filippini Financial Group, located in Santa Barbara says, there are a number of considerations you need to make, and just hiring a lawyer might not work out every time. Ian Filippini urges you to make the following consideration when hiring help:

  • The size of your estate (monetarily and physically)
  • How multifaceted can handling your estate get?
  • How are your previous financial records?
  • How many beneficiaries are there? Do you know that they will cooperate with each other?
  • Do you need estate-planning help?

With all these considerations in mind, it is a good idea to look around among different legal advisors, lawyers and professionals before finally deciding to choose one. Preferably, go for a firm, which has years of dedicated experience, a firm like Filippini Financial Group!

Do I Need To Be In Constant Contact With The IRS?

No, not at all. As soon as you choose an estate planning professional, you won’t be needing to handle all taxation or IRS issues yourself, but of course, you need to be there if an IRS representatives asks you to be there.

What If I Have All My Tax Filing Documents Ready, But I Fail To Submit Them By The Due Date?

In such a case, usually your estate-planning professional or representative is supposed to file for an extension for the deadline. This extension can be extended up to 6 months. However, the legit amount of tax still needs to be paid, and interest is accrued on any amount that remains after the due date.

These are some of the most general questions you might have, and the answers to them. However, according to Ian Filippini from Filippini Financial Group, there is usually more to estate planning than we normally think. He says that if you have a diverse portfolio of real estate investments in Santa Barbara, it would be a good idea to have professional help by your side, so that you make decisions to favor you and your loved ones in the future!

Ian Filippini Santa Barbara

Ian Filippini Santa Barbara

Ian Filippini Santa Barbara

Why Should You Consider Retiring Here In Santa Barbara?

Find out more about author Ian Filippini on 

Ian Filippini Santa Barbara says for starters, you should consider moving to this amazing beach town because of the ice cream! Yes, the ice cream in the cups is totally worth it, to be precise, its heaven in a cup. People living here already know this, and those who might be moving here from other states should know this.

Ok, now on a serious note, as Ian Filippini Santa Barbara from Filippini Financial Group, in Santa Barbra explains, the scenario right now might be something like this; you are of old age now and you have been saving up for an amazing retirement plan. However, as days come closer for you to take an action, you are doubtful if moving to France or Italy is what you always wanted.

Not to worry, this is natural for you to consider, as when you started saving, the economy was in a much better condition, and now it has changed. So what do you think is the most practical way out there? What do you think you should do to have the same, planned quality of retirement life without compromising on any aspect at all? Ian Filippini Santa Barbara, one of the most popular wealth management experts, says, “Retire here, in Santa Barbara!” and he has solid reasons!

You Can Take a Hike Here

If you live in Santa Barbara, you might know that it is wedged between Santa Ynez and the Pacific Coastline mountains, and there is not a better way to check out Santa Barbara then from the top! The view with the Spanish style architecture in Downtown, the boulevards lined up with a fleet of palm trees, and the distant islands are eye candy for a bit afternoon good time!

You Can Get Educated or Educate at the World’s Most Beautiful Community College

The Santa Barbara City College is probably among the world’s most beautiful community colleges. Sitting on a cliff, where it gives mesmerizing views of the ocean and the islands. The whole college premises almost looks like a movie set! You can live your dream by retiring with the college degree you always wanted or if teaching is your passion, why not try here!

There Is All The Green You Need Here

Are you one of those people who look forward to retiring to a heavenly natural place, with greenery all around, at an arm’s length to the beach? If so, why not stay in Santa Barbara? Ian Filippini from Filippini Financial Group explains that after the oil spill disaster settled down in 1969, Santa Barbara has been all about environmental preservation. You will love to live here, close to the beach, under the shadow of palm trees, with the wind in your hair and sand below your feet!

Staying Healthy Is More Than Just A Lifestyle Here

People living here probably jog/run more, exercise more, and eat more than the people in your last city, that’s because everyone here takes their health seriously. Whenever you hit the beach, you will find people soaking up some Vitamin D, while they work out, or play sports like volleyball!

Your Sea-World Is Here

Just off the coastline of Santa Barbara, you will see the Channel Island National Park. Each of the five islands here is exploding with ecological diversity, and you can expect to have the best water sports and diving experience here in the protected waters!

Nature And Greenery Is Not Just Everything!

Ian Filippini from Filippini Financial Group, here in Santa Barbara explains that if you want to retire to a naturally beautiful destination, then you should remind yourself that while nature and greenery are your primary concerns, you want shops and stores nearby too. The State Street here is the main hub of retail stores and on Tuesdays, you can expect to get any vegetable you want here, as the street turns into a farmer’s market!

Santa Barbara Is the Original Hollywood

Due to its naturally scenic views, Santa Barbara attracted filmmakers even before Hollywood existed. California’s first professional movie studio was opened here, and the streets were loaded with stars and paparazzi’s, but Santa Barbara later passed it on to Los Angeles!

These are some reasons why you should consider moving to the beautiful Santa Barbara or staying here for your retirement; it is not just beautiful, it’s postcard beautiful! You can expect to rent a place here to stay or if you are packing good money, you can purchase a place of your own! As it goes with most things, you get exactly what you pay for – and the last tip from Ian Filippini is – keep an eye on your budget!

Ian Filippini

Ian Filippini

Ian Filippini

Estate Planning 101: Grandparent Edition Part 3

Most people, by the time they are grandparents, have an estate plan, and have probably had one for perhaps at least a decade by now.  Grandparents also probably have a financial planner that they have worked with over the years, or maybe are trying out another financial planner to review items in their estate plan.  Hopefully, grandparents, you have already created an estate plan and do have it reviewed regularly, especially when any life changing events happen.  Estate plans can do many things to preserve your estate after you are gone, but can also assist your grandchildren, while you are still here.  Your financial advice should always come from a dependable and trusted financial professional.  Ian Filippini is a reliable and knowledgeable professional financial advisor.  In this article Ian Filippini will briefly discuss some details you should think about when planning to create a 529 account.

Ian Filippini has had clients as him many questions over the years regarding 529 accounts.  As Ian Filippini discussed in part 1 of this article series, a 529 account is one that you can make to set aside money for your grandchildren’s college funds; you are free to use the money at any time and for anything you wish, but it is usually intended for college money.

Ian Filippini has heard this specific question: if you have more than one grandchild that you want to help, should you set up a separate account for each?  Ian Filippini says that you should create a separate account for each grandchild.  Ian Filippini says that this will make dispersing money to them easier if you are already gone.  In this instance, asserts Ian Filippini, your intentions are clear on who gets how much.  If you were to create only one account for multiple grandchildren, it could get confusing.

Ian Filippini is currently the president of Filippini Financial Group, Inc. He also set time aside specifically to write a number of articles relating to real estate, insurance, tax (federal and or state), asset protection, financial advice, and estate planning. Filippini Financial Group, Inc. and Ian Filippini have spent many years using their expertise and hands on approach. They are uniquely qualified to provide value to hundreds of retirees and pre-retirees in many areas of wealth preservation and or management.

Filippini Financial Group, Inc., originally founded by Ian Filippini’s late father Alfred Filippini, is located on Coast Village Road in Montecito, California. Ian Filippini’s youngest (by a year and half) brother, Alex Filippini (also worked with Filippini Financial Group, Inc.), and mother, Deborah Filippini, relocated to the Montecito and Santa Barbara area.

Filippini Financial Group, Inc. is not a law firm. This article is not to be considered legal advice.  Ian Filippini is not an attorney.

Ian Filippini

Ian Filippini

Ian Filippini

Estate Planning 101: Grandparent Edition Part 2

Most people, by the time they are grandparents, have an estate plan set up, and have probably had one for a while.  Grandparents also probably have a financial planner that they have worked with over the years, or maybe are trying out a new financial planner to review items in their current estate plan.  Hopefully, grandparents, you do have an estate plan and do have it reviewed fairly regularly, especially when any life changing events happen.  Estate plans can do a lot of things to preserve your estate after you are gone, but can also help your grandchildren, or you and your spouse, while you are still here.  Your financial advice should always come from a dependable financial professional.  Ian Filippini is a reliable and knowledgeable professional financial advisor.  In this article Ian Filippini will briefly discuss some things you should think about when planning to create a 529 account.

Ian Filippini has heard this question from clients in the past:  If I have money set aside for my grandchild’s college fund and something happens to me in the meantime, can I use that money for my own medical expenses and care, or can it only be used for what it was originally set aside for?  Ian Filippini says that the short answer is yes!  In a 529 account, according to Ian Filippini, one of the perks is that you can take any amount of the money out of the account for any reason at any time.  Ian Filippini reminds everyone that there will be taxes taken out still, but usually not significant.

Ian Filippini thinks it is a smart plan for all grandparents to set up a 529 account.  Ian Filippini knows that someone will need that money at some point in time for something important.

Ian Filippini, the current president of Filippini Financial Group, Inc., has written a number of articles. The articles range from topics relating to real estate, insurance, tax, asset protection, financial advice, to estate planning. Filippini Financial Group, Inc. and Ian Filippini have spent several years with their unique expertise. The hands on approach continues providing value to hundreds of retirees and pre-retirees in many areas including wealth management.

Filippini Financial Group, Inc. was originally crafted and founded by Ian Filippini’s late father Alfred Filippini (passed away as of the year 2009). Filippini Financial Group, Inc. is located on Coast Village Road in Montecito (Close to Santa Barbara). Ian Filippini’s mother, Deborah Filippini (Debbie), and brother, Alex Filippini (Big Al), moved to the Montecito and Santa Barbara area.

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

Ian Filippini

Ian Filippini

Ian Filippini’s

Tour of Santa Barbara Part 1

Part 2

Part 3

Part 4

Part 5

Ian Filippini has been a long time resident of beautiful Santa Barbara and Santa Barbara County. Ian Filippini spent the latter half of his teen years and continues to spend adulthood in this phenomenal city. Since Ian Filippini has been here in Santa Barbara for so long now, he has a pretty good grasp on the must do’s around town. There are so many great and wonderful things to do and to see in Santa Barbara that Ian Filippini could not possibly name them all in one short article. In this article Ian Filippini will briefly discuss his favorites in the city of Santa Barbara. Just ask Ian Filippini.

Ian Filippini loves the beach. Ian Filippini is lucky because there are definitely plenty of beaches in Santa Barbara—it is a beach town after all. Ian Filippini’s favorite beach (which he definitely suggests you to visit when you are in town) is Butterfly Beach. Ian Filippini’s favorite beach is actually located in Montecito, which is a stone’s throw south from Santa Barbara.

Ian Filippini also urges anyone visiting Santa Barbara to go by and see the Santa Barbara Mission. Ian Filippini, and many other locals, know that this mission is known as the Queen of Missions throughout California. Ian Filippini gives the Santa Barbara Mission two thumbs up for its beauty and for its history.

In Santa Barbara Ian Filippini also loves to eat (who doesn’t right?). One of Ian Filippini’s favorite restaurants is Brophy Brothers. Ian Filippini’s favorite restaurant is located right on the water in the harbor area. Ian Filippini suggests that you check out their wonderful seafood if you ever have the chance to come to wonderful Santa Barbara.

Ian Filippini Better Business Bureau

Filippini Wealth Management, Inc. is located near Santa Barbara, in a town called Montecito. Filippini Wealth Management, Inc.’s office is just outside of the Santa Barbara city limits, but still within Santa Barbara County. Ian Filippini’s and his parents, Alfred Filippini (deceased) and Deborah Filippini, decided to move the family to the Santa Barbara area. Ian Filippini has been around the world and still agrees with all the locals that Santa Barbara is the best and only place to live!

Ian Filippini’s Website

Filippini Wealth Management, Inc. was founded and created by Ian Filippini. Ian Filippini oversees and takes pride in the day to day operations of the business. Ian Filippini’s brother, Alex Filippini, should be close by to lend a hand. Filippini Wealth Management, Inc. is one stop shop designed to provide value to our clients in the areas of taxation, insurance and real estate. Ian Filippini takes the time to understand his client’s goals and the best way to implement them. Come by and see Filippini Wealth Management, Inc.

Ian Filippini

Ian Filippini

Ian Filippini

Estate Planning - What Everyone Should Know

Estate planning is a wonderful thing. It is a wonderful way for you to enjoy your property and assets now, and a wonderful to plan for your loved ones to enjoy your property and assets later. Estate planning used to be thought of for only the super-rich. The truth is that estate planning is smart for both large and for small estates. In this article, we will discuss the facts that everyone should know before beginning the estate planning process. You should always consult your financial professional about estate planning and any other financial decisions or plans. Ian Filippini is a skilled, reliable and knowledgeable financial professional. In this article Ian Filippini will briefly discuss the ins and outs of estate planning that everyone should know. Ian Filippini urges you to take what you learn to your own financial profession to begin your estate planning process.

Ian Filippini thinks the most important thing to consider about estate planning is how much you are worth. This includes everything that you own, and also any debts that you may owe, including taxes. Ian Filippini stresses that this is the starting point to the estate planning process.

Ian Filippini says that the next important thing to think about during estate planning is who you would like your assets to go to. This can be a hard thing to think about, but Ian Filippini stresses that it is very important and will make the distribution of your assets later much easier.

Another thing Ian Filippini wants to highlight when beginning to estate planning process is when you want your beneficiaries to receive their inheritance. Ian Filippini says that they do not have to receive it upon your death, you can decide on another time, or stipulation in the future.

Ian Filippini, the current president of Filippini Financial Group, Inc., has written a number of articles relating to real estate, insurance, tax, asset protection, financial advice, and estate planning. Filippini Financial Group, Inc. and Ian Filippini have spent many years in Santa Barbara. Ian Filippini uses his unique expertise and hands on approach. Ian Filippini is able provide value to hundreds of retirees and pre-retirees in many areas of wealth management for Santa Barbara locals.

Filippini Financial Group, Inc. was founded by Ian Filippini’s father Alfred Filippini (dead of liver cancer). Filippini Financial Group, Inc. and Ian Filippini are located on Coast Village Road in Montecito, California. Ian Filippini’s mother, Deborah Filippini, and brother, Alex Filippini, moved to the Santa Barbara area.

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

Ian Filippini

Ian Filippini

Ian Filippini

Estate Planning – Getting Your Ducks In A Row

Death. It is not a pleasant subject, but the truth is that we are all going to die one day. We are all going to die one day and then our assets and property will have to go somewhere. Ian Filippini explains how estate planning is about making sure your assets and property go to whom you want when you die, with the least amount of taxes or penalties being taken away. As with all financial processes, you should speak with your own financial consultant. Ian Filippini is a reliable and knowledgeable financial consultant. In this article Ian Filippini will briefly discuss some of the basic tenets of estate planning.

Ian Filippini thinks it is important for you to think about who would get all of your accounts if you suddenly died right now. Ian Filippini reminds you that not only are there your bank accounts, but any retirement accounts or insurance policies you may have. Ian Filippini says to make sure you have beneficiaries on all of your accounts and to double check that they are the ones you want to be on there!

Ian Filippini asserts that another important part to estate planning is creating a will or a living trust. Ian Filippini says that this is another way to ensure that your property will go to whom you want it to when you are gone. Ian Filippini asserts that a living trust is also a good way to avoid certain taxes and other fees upon your death. Ian Filippini says that it can be a good way to maximize your worth before and after you are gone.

Ian Filippini also reminds you that being organized by creating an estate plan is one of the best things you can do for you and your family.

Ian Filippini is still the current president of Filippini Financial Group, Inc. Ian Filippini has found time to write a number of articles relating to real estate, , financial advice, insurance, tax, asset protection and estate planning. Filippini Financial Group, Inc. and Ian Filippini have spent many years using their unique expertise and hands on approach to provide value to hundreds of retirees and pre-retirees in many areas of wealth management.

Filippini Financial Group, Inc. was originally created by Ian Filippini’s late father Alfred Filippini. Filippini Financial Group, Inc. is to be found on Coast Village Road in Montecito, California. Ian Filippini’s mother, Debbie Filippini, and brother, Alexandro Filippini, moved to the Montecito and Santa Barbara area.

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

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