Ian Filippini: Looking Forward To Retire Overseas? – Here Are Some Place You Cannot Miss!

Ian Filippini Santa Barbara

Ian Filippini

Looking Forward To Retire Overseas? – Here Are Some Place You Cannot Miss!

Choosing where you wish to spend your retirement years is one exciting choice to make! However, hundreds of considerations come along, like cost of living, the budget and if you are actually getting the perfect value for your money! An ideal retirement is living in a place where you can have a rich life, filled with the company of your loved ones and it should be a place where you always wanted to be or something close to that!

Ian Filippini from Filippini Financial Group in Santa Barbara is among the top financial advisors and he can guide you the best towards making a sound retirement decision. Although you can go here somewhere in the United States, but where’s the fun in that, right? If you are looking forward to spending a fun and adventurous life in a heavenly place, you will most certainly choose one out of these:

Italy

Although the costs of living in Rome, Venice or Florence MIGHT go beyond most retirement budgets, but that doesn’t necessarily mean you should consider taking Italy off your retirement list. If this is the country where you always wanted to be, something or the other can always be figured out. For an affordable option, you can check out Abruzzo, a heavenly place to start off with exploring the coasts and the mountains.

France

A country with the world’s most beautiful and most loved filed capital is something most people can’t afford to miss! France boasts some of the world’s best wines, parks, malls, clubs, museums, and tones of architecture that will have you drooling! Even if you have a small retirement budget, chances are you will be able to find something in France. The best options are to go to the Southwest, where small towns give you the perfectly affordable lifestyle.

Spain

Known for its mesmerizing coastlines and beaches, Spain is the perfect place to retire! With places like Costa del Sol and Barcelona, a city on the ocean, you can be sure to have a serene cosmopolitan life near the ocean. Moreover, the best part is that you can find an affordable home here that doesn’t go out of your retirement plan!

Croatia

If you and your spouse love to be in between unspoiled nature and rich history then you will definitely love Croatia! The Istrian Peninsula here offers some of the most appealing and delightful views here while the coastlines are all lined up with amazing beaches. The architecture here is largely made of red clay and white stone, the land is green and rich in agriculture, certainly one of the most desired retirement destinations.

Thailand

Looking for a cheap but sophisticated lifestyle? Thailand is the place to be! Thailand is also one of the few countries in the region that offer flexible options for retirees. Over 15% foreigners make up the entire population of retirees here and with options like 13 golf courses, rich culture, amazing cuisine and a high quality of life, the number of foreign retirees is expected to increase in the coming years.

Malaysia

After Thailand, Malaysia is the next easiest country to retire to. The capital here, Kuala Lumpur is among the most successful and most developed cities in the world, with architectural wonders like Petronas Towers, two of the tallest skyscrapers in the world. There are a large number of malls and each sight boasts technology and great infrastructure. However, if you are more of a nature lover, there is still something for you in Malaysia, like the village of Kampung Baru, which has a complete rural touch to it.

Unlike some places in Asia, foreign retirees are more than welcomed in Malaysia and the government offers certain visa benefits, which allows retirees to spend the rest of their time conveniently. Ian Filippini from Filippini Financial Group in Santa Barbara explains that all you need to go to Kuala Lumpur is good English and a tourist’s visa, which can be easily extended for a long stay there.

Ian Filippini says that the top considerations while looking for a place to retire should be the quality of life, the budget and the amenities present in the destination. If you are more of an outgoing, adventurous person, then places like Italy and France will surely be perfect for you. On the other hand, if you like to be surrounded by nature and greenery then the best places would be some places like Croatia or Thailand! Think well and plan ahead!

For the best retirement plans, be sure to consult Ian Filippini from Filippini Financial Group in Santa Barbara!

 

 

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

Ian Filippini Ian Filippini Santa Barbara

Ian Filippini

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

Estate planning and estate protection planning are two terms which are gradually becoming common here in Santa Barbara, says Ian Filippini from Filippini Financial Group in Santa Barbra. 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.

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, no what you had paid for them. You 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 from Filippini Financial Group in Santa Barbra.

What Is Not Included In My Total Estate?

Usually, your total estate doesn’t not 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 Barbra 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 wont 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 that favor you and your loved ones in the future!

 

 

 

 

 

Ian Filippini: Santa Barbara on a Budget

Ian Filippini

Ian Filippini

Santa Barbara on a Budget

If you think that visiting Santa Barbara on a budget is out of the question, Ian Filippini Santa Barbara, Filippini Wealth management Inc. president, is here to tell you differently. The beautiful costal city is home to only about 90,000 residents, but there’s an enormous number of visitors who flock to the city each summer to enjoy the beaches, festivals and other activities enjoyed in SB. Ian Filippini Santa Barbara is here to change the minds of those thinking you cannot affordably visit the city. Continue reading to learn his advice for your budget-friendly trip.

Nowhere Else on Earth

Santa Barbara is certainly an affluent town. There are millionaires on every block, and celebrities like Oprah Winfrey either live in the city or own a guest or vacation home in the area. There’s certainly many exquisite attractions, whether you want to enjoy PGA class golf or five-course meals at some of the most superb restaurants in Southern Cal. But, there are also tons of cheaper, more affordable options for those who haven’t this large  bank account or financial status in life.

When will you Travel?

The best way to save money when traveling, according to Ian Filippini Santa Barbara and all other budget-conscience travelers, is to travel during off-season. The warmest time of the year in the city is the fall and summer, and these two seasons are known as peak season. Traveling during peak season is fairly expensive, and bargains won’t be quite so easy to spot. Traveling during the winter or spring months is a far more viable option if you are looking for the best deals.

Your SB Stay

There are enamoring hotels in Santa Barbara, but there are also an assortment of cheaper hotel and motel options as well. To find these deals, a search of the internet is in order. While considering the cost of the hotel, make sure that you also look at other extras that might be thrown in for free (which saves a ton of cash) such as free breakfast, free shuttle and free parking. Some of the more affordable lodging options in the city include:

• The Sandman Inn –Located in the downtown State Street area of town.
• Hotel Goleta –Hotel located close to the airport
• Oasis Inn & Suites –Oasis is also located on State Street
• Peterson Village Inn –Located in Solvang
• AAE SB Hostel –Room rates per night can be as low as $25
• Hotel Quality Inn – Located on De La Vina Street

Getting around the City

Taxi cabs are available for transportation in the city, but this can become pretty expensive, especially if you plan on seeing a lot of what the city has to offer. A more affordable option is to rent a car. Not only can you enjoy your time as you desire when you rent a vehicle, you will also spend much less than what would be spent on a taxi.

Even better, walking around the city on foot is an option. There’s no cost to walk on foot, and there are far more discoveries to be made when you are on foot, things that you might not see in a vehicle.

Free Stuff to Do

There are many expensive attractions in the city, but you will also find a plethora of freebies offered as well. Alameda Park, most of the beaches, and tons of museums offer free admission, so be sure the things are included on the agenda.

With the information provided here by Ian Filippini Santa Barbara and Filippini Wealth management Inc., you can visit the city even when money is an object of your concern.

 

Ian Filippini: Renting a Car in Santa Barbara

Ian Filippini

Ian Filippini

Renting a Car in Santa Barbara

Filippini Wealth Management Inc. is one of Santa Barbara’s most prominent names in financial services. Operated by Ian Filippini Santa Barbara, this agency has experts ready to guide you through all of your financial needs small and large. In an effort to assist you in better money management, Ian Filippini Santa Barbara offers to you a list of the top car rental agencies in the city, as well as tips for saving money on your booking.

Avis Rent A Car

Avis Rent A Car is located on Montecito Street. They are open 7 days per week for your convenience, offering a wide range of vehicles to accommodate your needs. Specials for weekly rentals are available, and online booking is also offered.

Enterprise Rent A Car

Enterprise is another well-known car rental company with a SB location to serve your needs. The center is located on Chapala Street. They have compact cars, trucks, luxury automobiles and more.

Budget Rent A Car

Budget is located on East Haley Street. Their rates are usually lower on car rentals than other agencies,  but some people note the selection of vehicles is not as large as what is found with other companies.

Hertz Corporation

Hertz has several locations in the city, including one on State Street and another on S La Cumbre. Hertz provides fast, friendly service with a wide selection of vehicles to pick from, as well as nice prices to go along with it all.

 

Booking Tips

Ian Filippini Santa Barbara and Filippini Wealth management Inc. offer the follow tips for booking your car rental:

• If you need a vehicle for three or more days, check out weekly rental costs. Chances are it will cost you about the same, and depending upon the day of the week that you book, might even cost less than rental for the three days.
• Consider whether or not you really need the extra insurance offered by the rental agency. In most circumstances your car insurance will cover the rental, so this is an unnecessary expense.
• If possible, avoid renting a vehicle on the weekends, when the rates are substantially more than weekday rental costs.
• Buy your own gas rather than rely on prepaid fuel. You are likely  to spend twice as much filling the tank if you opt for the prepaid fuel option than you would filling the tank yourself.
• It is always cheaper to rent a vehicle at a non-airport location. Although you might find it convenient to pick up at the airport, expect to spend more for this luxury.
• Average car rental rates in SB for an economy car are $32.44 per day, while typical rates for a luxury vehicle are $82.88 per day. An SUV averages a $64.04 per day rental rate, and a compact car rents for an average of $34.22 each day.

Benefits of a Rental Car

Benefits of a rental car are numerous. With the vehicle you are sure to be able to get out and enjoy the city to the fullest. It is a far more practical method of getting around than any other transportation option, and when done correctly, it is also one of the most affordable. There are a ton of other exciting benefits that come along with the rental of a car for personal use, including the ability to be with the people that you know and trust and the chance to enjoy activities for as long as you would like without being rushed to stay with the group.  Take advantage of these benefits and use one of the awesome car rental companies in the area that are eager to serve your needs.

 

 

Cheap Santa Barbara Hotels

Ian Filippini Santa Barbara

Ian Filippini Santa Barbara

Cheap Santa Barbara Hotels

Find out more about author Ian Filippini on Google+

If you need a hotel in Santa Barbara but don’t want to spend a lot of money for it, don’t think that the options are bleak. There are a number of nice hotels in the city that can help you get affordable accommodates for a couple of days or a couple of weeks. Although staying on the beach or in a five-star resort might be out of the question, you’re not out of options. If you ask Ian Filippini his opinion, opting for one of these hotels and keeping more money in your pocket makes more sense.

The Sandman Inn

Located on State Street in the heart of downtown, this hotel combines budget-friendliness with quality amenities to entertain each guest, resulting in a great place to stay while you’re in town. This hotel has been rated ‘Best Budget Hotel’ by the Los Angeles Times in 2011 and again in 2012 from ‘Trip Advisor.’ Spacious, clean rooms contain flat-panel, cable equipped TVs, two pools, hot tub and a daily morning breakfast for all guests. Room price varies by season, but no matter the month, the deal you get will be incredible, and you will enjoy your stay.

Presidio Inn

Ian Filippini will tell you that the Presidio Inn is a good choice when you’re looking for a nice hotel at a rate that won’t put you in debt. And trust us, Ian and his company, Filippini Wealth Management Group Inc., are very concerned with your financial status in their line of work. The Presidio Inn offers large and spacious rooms that make you feel right at home. Free parking is available, and a free complimentary breakfast each day ensures that you start off with the most important meal of the day.

Hadsten House

Hadsten House is located on the Santa Ynez Valley. It is away from the hustle and bustle of the city, yet close enough to be moments away from all that has brought you to the city in the first place, including restaurants, museums, and the beaches! The Hadsten House is one of the most affordable places to stay in the city, but it doesn’t fail to provide the comfortable accommodations that you need for a great night or two away from home. Each room includes a fireplace, and there is a great indoor pool so you can always make a splash. A free breakfast is available each morning, and free Wi-Fi ensures that you stay connected to the world. This is a hotel that you will want to use time and time again.

Avania Inn

The Avania Inn is located within proximity to the beach, so if this is your plans for your time in the city, this is a hotel that might be right for your needs. There is an on-site spa to keep you rested and relaxed, and Wi-Fi in each room available at no cost. Each morning there is a complimentary breakfast, and rooms include a refrigerator, flat-panel TV and premium cable TV services.  Staying at the Avania ensures that you do not have to stay in a hotel that doesn’t meet your expectations.

Motel 6

There are plenty of chain hotels found throughout Santa Barbara, such as the Motel 6 located on State Street. This hotel offers all of the things that you’ve come to expect from the brand, including a free daily continental breakfast, clean rooms, daily housekeeping, and of course, affordable pricing. Motel 6 is in the heart of the city and has Wi-Fi available (for a fee) and cable TV in each room.   Friendly and attentive staff members also help make your visit one that you will always remember.

Secret Garden Inn

Secret Garden Inn is another State Street hotel worthy of your time and attention. This hotel is affordably priced, but also features the amenities that you really want in your stay, including spa services, complimentary breakfast, complimentary in-room Wi-Fi, complimentary parking and more. Secret Garden Inn has several different types of rooms available, and as an added bonus, pets are welcomed!

If you are in search of an affordable hotel, be sure to take the advice of Ian Filippini and Filippini Wealth Management Group Inc. and check out these awesome hotels! These hotels will never disappoint the budget-conscience traveler, and they’re sure to provide all that you need for a great stay in the beautiful city. Whether in town for business or pleasure, or resident who wants a break from the norm, these hotels give you that chance without breaking your budget.

30 Great Places to Visit & Things to do Ian Filippini Santa Barbara

Ian Filippini

Find out more about author Ian Filippini on Google+

Ian Filippini Westlake Village California knows with a trip to Santa Barbara, California, in your future, planning now for the fun adventures you’ll enjoy while there will entice and excite you even more. The city isn’t shy, and there’s plenty of things to see and do throughout the area. Here is 30 great places to visit and things to do.

1.   Visit the Santa Barbara Zoo for a great day of animal fun. Visitors have numerous exhibits to enjoy, and a vast selection of animals for their viewing pleasure.

2.   Visit Rattlesnake Canyon Trail for hiking, biking and outdoor adventure for all ages.

3.   Take a trip to Granada Theatre to catch a live theatrical performance and enjoy your night in this Ian Filippini Santa Barbara landmark!

4.   Everyone is surprised at the enjoyment found at the County Courthouse. This historic landmark has lush botanical gardens and landscaping to melt all of your worries away.

5.   Head out to the Santa Barbara Waterfront anytime, day or the night, for serene escapes from the world.

6.   No trip to the city is complete without a visit to the Santa Barbara Mission. Here you’ll find a plethora of history lessons and artifacts to educate you while entertaining you.

7.   Get to know Ian Filippini Westlake Village California at Filippini Wealth Management Group Inc. His experience in financial planning will help you keep your visit in Santa Barbara within budget.

8.   Visit the Museum of Natural History. There is absolutely something for everyone at this museum.

9.   Go to Channel Islands. These four islands are right off of the coastline and make for an exciting adventure!

10.   Eat a steak at the Brewhouse. It is one of the fine steakhouses in the city, well worth the splurge!

11.   The Museum of Art would make for a wonderful trip before your visit to the steakhouse! Lots of art on display here and exploration.

12.   If you’re not on State Street, you’re not really in Santa Barbara! Filippini Wealth Management Group Inc. knows there’s a little bit of everything on State Street all of which the visitor will appreciate. This includes shopping, attractions and more.

13.   Another of the excellent museums in the city, a visit to the Maritime Museum is one that you will love if you enjoy nautical histories.

14.   For more art enjoyment, visit Gallery 113 for a variety of modern art.

15.   EOS Lounge is the place to be when you want to take in the night life of Santa Barbara. With fresh drinks and DJ’s spinning into the early hours of the morning.

16.   For a variety of nightlife fun, make your way to Indochine. A smaller nightclub with plenty of intimacy and good times waiting to be had.

17.   Watch a movie at Arlington Theater. It has an outdoorsy feeling with the falsetto balconies and great movies, bands, ballets and more!

18.   Take the children to Rockin’ Kids. This indoor playhouse has something for boys and girls of all ages.

19.   Another great place for the kids is the Rock Place. Yes, this is the name, and rock climbing is the game. Children can enjoy rock climbing while mom sits back and gets a bit of rest and relaxation.

20.   Stay for a night or two at the Belmond El Encanto. This is one of the most amazing resorts in the city with a view of the riviera of Santa Barbara.

21.   Visit the Filippini Wealth Management Group Inc. for important information about your finances. This winning group of professionals understand your needs and offer many different services including retirement planning, estate planning, insurance and more. President, Ian Filippini Westlake Village California, along with the rest of the team, will assist you in your planning needs!

22.   Camp out at the Douglas Family Preserve! This is one of the most beautiful areas in the city, enabling you to enjoy nature at its best.

23.   Taste the wine created at Margerum, one of the best in the entire city!

24.   If you like gardens visit the Santa Barbara Botanical Gardens for picture-perfect scenery.

25.   Go shopping on State Street with a variety of shops for adults and children.

26.   While you’re out shopping make sure that you visit Paseo Nuevo Shopping Center where there are stores such as Macy’s, as well as theaters, restaurants and so much more.

27.   Eat at the Seagrass restaurant for delicious, fresh seafood cooked just the way that you like it.

28.   Have a scoop (or two) of ice cream at McConnell’s. This is one of the best places to feast upon ice cream in the city!

29.   Pet a shark at the Ty Warner Nature Center while is also enjoying an array of other aquatic life.

30.   Finally, make sure that you visit the Visitor’s Center. Here visitors have all of the information needed for a great trip in the palm of your hands, ensuring that your visit to the city is the best.

25 Free Santa Barbra Activities

Ian Filippini Santa Barbara

Find out more about author Ian Filippini on Google+

Ian Filippini Westlake Village California has heard it is said that Santa Barbara, California is a city of great fortune, and it is certainly noticeable residents enjoy a higher quality of life than people in neighboring cities. But if you think that enjoying all that the city has to offer will come at a price tag to match this lavish lifestyle, think again. The city is filled with many free activities individuals of all ages can enjoy. That’s right. You can get out and about and enjoy great attractions and activities without going into the wallet! Ian Filippini Santa Barbara is a wealth management consultant and president of Filippini Wealth Management Group Inc. As an individual with a desire to help all residents of the city maintain as much money as possible, Mr. Filippini certainly recommends and appreciates each of these free activities. Let’s take a look.

Free Fun Ian Filippini Santa Barbara

Here are 25 free things that you can do in the city, courtesy of Ian Filippini Westlake Village California and the Filippini Wealth Management Group Inc.

1. Visit the Farmer’s Market and sample a variety of fresh fruits and vegetables from around the state and around the world.
2. If it is summer time it is time for movies in the park. Head down to Isla Vista to enjoy a free show for the family.
3. Visit the Douglas Family Preserve and walk the grounds. You are bound to be intrigued by what you discover.
4. Every Sunday, admission into the Museum of Art is free. You can enjoy all that the museum has to offer on a rainy day or any other!
5. Plan a romantic picnic with your loved one and view the spectacular waters and landscaping at Nojoqui Falls .
6. Make your way to Stearns Wharf. There are many great stores, restaurants and entertainment spots available to occupy your time, and great views of the ocean.
7. Go to the beach! With miles and miles of beautiful sandy beaches, enjoying any of your favorite sun time activities is easy to do in Santa Barbara. The weather is near-perfect, making any day a great day to do the beach.
8. State Street is the heart of downtown, and with your visit you can see what the city really has to offer, all at no cost.
9. The Santa Barbara Courthouse is a top attraction in the area, and one that can be enjoyed at no cost. The landscape and architectural style is the highlight of this attraction.
10. On Sunday and Thursday, the Railroad Museum offers free movies that are very interesting for all ages, not to mention fun and educational.
11. Head toward East Beach and take photographs of the Rainbow Arch. It is an amazing site to see!
12. Visit Fairview Gardens Farm and take your pick of the delicious homegrown organic foods available, and learn more about the process of gardening while there.
13. Visit the University of California Santa Barbara. There’s an art museum inside, not to mention many other fun and free activities open to the public.
14. If you’re up for a short drive, a visit to the Chanel Islands National Park is the perfect way to spend the day.
15. If you like wine, a day trip to Solvang is in order. Many vineyards and wineries are available for samplings, and there is also a magnificent view to be enjoyed to and from the area.
16. Take a trip to the Santa Barbara Mission. Another top attraction, this is one of the few missions in the state, and one still in use for services today.
17. There’s lots to do at the Harbor, so make sure that you schedule it to the list of to-do activities.
18. If you’re into skateboarding, there is a free park for you to enjoy called Skater’s Point. It’s lots of fun, and there’s ramps and other skating areas available.
19. Head to Goleta and make your way to Stow House.
20. See the ostriches at OstrichLand USA located near Solvang.
21. Cabrillo Arts Pavilion offers a number of free activities. Check them out and discover artists from around the city at their best.
22. Visit Lompoc to view the murals.
23. Kidsworld, located in nearby Alameda, if a great place for free fun for the kids. Don’t miss it.
24. Go hiking on one of the fabulous trails up the Santa Ynez Mountains.
25. Camp at the mountains! El Capitan hosts one of the finest campgrounds and cabins in the area.

Make sure that you also stop by to thank Ian Filippini Santa Barbara for this list of fun and free activities, and get a little bit of financial advice from his team at the Filippini Wealth Management Group Inc. while you are there. Ian Filippini Westlake Village California knows you won’t be disappointed with what these professionals can do for your needs.

Ian Filippini Santa Barbara Goodbye Will, Hello Living Trust

Ian Filippini

Ian Filippini Santa Barbara

Goodbye Will, Hello Living Trust

Find out more about author Ian Filippini on Google+

For a long time, wills were the way to go.  It was an easy and go to thing that most people did, at the very least, for their estate plan.  In a will, you list any property or assets that you wish for people to inherit after you pass away.  This sounds easy enough right?  Well, that part may be easy, but whatever property you leave to people through your will, is all usually subject to going through probate.  Probate is not fun.  Probate is when the court determines if your will is valid and also makes sure that your estate pays for any debts that you still owe upon your death.  Probate takes a long time and can also be a costly process.  This can be a hindrance to those dealing with your estate after you are gone.  The process of probate will also keep your property from being distributed for weeks, or possibly even months.  There is a better solution—the living trust.  Ian Filippini Santa Barbara has been helping his clients with estate plans for many years.  Ian Filippini is a trusted financial advisor and estate planner.  In this article, Ian Filippini and Filippini Financial Group, Inc. will briefly discuss why a living trust may be a better choice than a will.
According to Ian Filippini and Filippini Financial Group, Inc., putting property into a living trust, rather than a will can help that property avoid going through probate.  Ian Filippini Santa Barbara says that when a trust is created, the trust is who now owns the property within it.  This is why the property is not considered part of your estate anymore, asserts Ian Filippini and Filippini Financial Group, Inc.  Ian Filippini and Filippini Financial Group, Inc. says that it is called a living trust because you create it while you are still living.  Ian Filippini and Filippini Financial Group, Inc. says that a living trust is a good alternative to a will.
Filippini Financial Group, Inc. was founded by the late Alfred Filippini. Alfred is also the father of Ian Filippini and his brother Alex Filippini. Their mother, Deborah Filippini, is alive and well. She is also living in the Santa Barbara area close to the boys. Filippini Financial Group, Inc. is also located in the Santa Barbara area. Ian Filippini Santa Barbara and Filippini Financial Group, Inc. will take whatever time is need to understand and achieve their clients goals.
Ian Filippini not an attorney and Filippini Financial Group, Inc. is not a law firm. Neither are licensed to practice law and this article should not be used for legal advice. Seek the advice of a licensed attorney with any legal concerns.

Ian Filippini Santa Barbara No More Probate

Ian Filippini

Ian Filippini Santa Barbara

No More Probate

Find out more about author Ian Filippini on Google+

Probate is something that everyone would just rather avoid.  It takes up your time, usually it takes money (because usually you need a lawyer), and it ties up your loved one’s estate for as long as it takes the probate process, and this includes paying any debts that are owed.  When you are dealing with a loved one’s death, you are already dealing with so much, probate is not something that you want to throw onto the fire.  Luckily, there are some legal ways to avoid some, or all of your estate from going to probate court after you die.  Ian Filippini has been helping his clients’ estates avoid probate for many years.  In this article, Ian Filippini will briefly discuss several ways to avoid probate.
According to Ian Filippini Santa Barbara and Filippini Financial Group, Inc., the easiest way to avoid some of your property going through probate is to gift it away before you die.  Of course, says Ian Filippini and Filippini Financial Group, Inc., this comes with a lot of strings attached.  You have to be willing to be done with the property already (before you die), and know who you want to inherit it.  According to Ian Filippini, there will also be gift taxes associated with this strategy.  Ian Filippini Santa Barbara says to talk to your estate planning specialist to determine if the taxes or the cost of probate for that property will be less expensive.
Ian Filippini asserts that setting up payable on death accounts is also an easy way for that money to avoid probate.  Ian Filippini Santa Barbara and Filippini Financial Group, Inc. say that this process is just as easy as you would think; you set up certain accounts (or all of your accounts) payable to a beneficiary at the moment of your death.
Lastly, Ian Filippini and Filippini Financial Group, Inc. will mention living trusts.  Ian Filippini says that this way, the trustee will technically own the trust.
Filippini Financial Group, Inc. was originally founded by Ian Filippini’s father, Alfred Filippini. Alfred passed away in 2009, but Ian Filippini’s mother still lives in the Santa Barbara area. Ian Filippini’s brother, Alex Filippini, has also been close by to be able to help Ian Filippini with Filippini Financial Group, Inc. Ian Filippini and Filippini Financial Group, Inc. take pride in spending the time to listen to their client’s goals and then implementing them.
Ian Filippini is not a licensed attorney and does not practice law. Filippini Financial Group, Inc. is not licensed to practice law and is not a law firm. Consult with a licensed attorney to review any legal questions or issues that may arise.

Ian Filippini Santa Barbara Best Kept Secrets

Ian Filippini

Ian Filippini

Best Kept Secrets: Estate Planning

Find out more about author Ian Filippini on Google+

There can be a lot of parts to an estate plan.  A lot of people know about the most well-known parts to an estate plan: wills and trusts.  These two parts are very important parts to most estate plans, but there are many other parts and pieces as well.  If you are not working with an estate planning specialist, you may not be aware of all of your estate planning options.  The truth is that estate planning can get very complicated and include a lot of technical and legal jargon, which is why the smart way to go is to work with a professional.  For some things DIY is a good idea, but not for estate planning.  Ian Filippini and Filippini Financial Group, Inc. are estate planning specialist.  Ian Filippini is also an expert at wealth management.  In this article Ian Filippini and Filippini Financial Group, Inc. will briefly discuss two of the best kept secrets when it comes to estate planning.
First, Ian Filippini says that these two “secrets” should not even really be secrets!  The two things that Ian Filippini is going to discuss in this article should be common knowledge if you have created an estate plan, or if you are considering going through the process.
Ian Filippini and Filippini Financial Group, Inc. say that if you have a business, this secret is for you.  Ian Filippini says that it is more than important to have a succession plan in place if you own your own business, or are partners in a business.  Ian Filippini says that there are many ways in which to do this.  According to Ian Filippini, it will make things a lot easier if you have this sort of plan in place.
Ian Filippini and Filippini Financial Group, Inc. say that the most important thing to remember after creating your estate plan (and before, really) is to store your important documents safely.
Ian Filippini is the current president of Filippini Financial Group, Inc. and is also a Santa Barbara local. Filippini Financial Group, Inc. is also located within Santa Barbara County in a small beach town named Montecito, California. Ian Filippini’s late father, Alfred Filippini, was the original founder and original creator of Filippini Financial Group, Inc. Alfred Filippini passed away in 2009 from liver cancer and Ian Filippini has been running Filippini Financial Group, Inc. and the family business.
Ian Filippini is not an attorney and is not licensed to practice law. Filippini Financial Group, Inc. is also not licensed to practice law and is not a law firm. Ian Filippini and Filippini Financial Group, Inc. say to consult a licensed attorney with for any legal advice.

 

Ian Filippini Santa Barbara How to Make an Estate Plan

Ian Filippini

Ian Filippini

How To Make An Estate Plan

Find out more about author Ian Filippini on Google+

There are lots of pieces that can go into making an estate plan.  You should always talk to your own estate planner to figure out the pieces of an estate plan that are the best fit for you.  Estate plans will be different for everyone, because everyone has their own personal financial needs.  This article will explain the steps you can take to starting to create your own estate plan with your estate planning professional.  Ian Filippini is an estate planning professional.  Ian Filippini is also a financial advisor.  In this article Ian Filippini and Filippini Financial Group, Inc. will briefly discuss the steps you can take to start to create your own estate plan.
Ian Filippini says to first make a will.  Ian Filippini and Filippini Financial Group, Inc. know that you know the basics of what a will is.  A will is a document detailing who will get your stuff when you die.  In a will, you will also decide and record who will be guardians to any minor children that you may have at the time of your death, according to Ian Filippini and Filippini Financial Group, Inc.
Next, Ian Filippini says that you need to think about creating a trust.  Ian Filippini says that this will depend on the type and the amount of property and assets that you have. Ian Filippini says to talk to your own financial advisor to decide if creating a trust is the right decision for you.
Another important element of estate planning to consider in your planning is a health care directive.  Ian Filippini asserts that a healthcare directive is the smart thing to do, and this goes for everyone.  Ian Filippini and Filippini Financial Group, Inc. say that a health care directive will let people know of your medical and final wishes, if you are unable to express them and decisions need to be made.
Filippini Financial Group, Inc. is located in Montecito, California. Filippini Financial Group, Inc. is run by its current president, Ian Filippini. Filippini Financial Group, Inc. and Ian Filippini have years of experience working with Santa Barbara locals and their estate planning needs. Filippini Financial Group, Inc. was originally created by Ian Filippini’s late father, Alfred Filippini. Ian Filippini’s brother is named Alex Filippini. Ian Filippini’s mother is named Deborah Filippini. Both Ian Filippini’s brother and mother live in the Santa Barbara area and are alive and well.
Ian Filippini is not an attorney. This article is not intended to provide legal advice. Filippini Financial Group, Inc. is not a law firm and does not practice law. Consult a licensed attorney with any legal questions.

Iaian Filippini of Filippini Wealth Management Group Tip #17

Ian Filippini

Ian Filippini

Estate Planning Tip #17

Find out more about author Ian Filippini on Google+

There is a lot that goes into estate planning.  There are a lot of people involved, a lot of meetings, a lot of documents, and a lot of, well, planning!    Sometimes with all of this involvement, you may just want to hurry up and be done with the process.  Especially if you are not financially planning minded, estate planning can be a real chore, and things can be missed.  Things such as planning for protection against estate recovery.  Of course you should have the help of a reputable estate planner by your side to help you and guide you through this process.  Iaian Filippini is a reputable estate planner and trusted financial consultant.  In this article, Iaian Filippini and Filippini Wealth Management Group, Inc. will discuss how you can protect your home from something called estate recovery.            Iaian Filippini and Filippini Wealth Management Group, Inc. have worked with many clients who’s only asset was their home, the house that they live in.  For many people, this is a reality, says Iaian Filippini.  They don’t have tons and tons of money, they just have their home (but they own it outright), says Iaian Filippini.  But what happens if you need government medical assistance at the end of your life? Unfortunately, says Iaian Filippini, if you get medical financial aide, and then you pass away and are not able to pay it back, your home (or any other assets) can be taken.            Iaian Filippini and Filippini Wealth Management Group, Inc. says that there is a way around this and it is called a life estate.  According to Iaian Filippini and Filippini Wealth Management Group, Inc., a life estate is when there can be two owners on a property, but they are for different time periods.  Iaian Filippini says that you would be the owner while you are alive, but another owner will automatically take over at the time of your death and cannot be taken.            Iaian Filippini is a Santa Barbara local and the president of Montecito’s Filippini Wealth Management Group, Inc. Filippini Wealth Management Group, Inc. is located in Montecito, California. Filippini Wealth Management Group, Inc. was created by Alfred Filippini, who is also the late father of Iaian Filippini and his brother Alex Filippini (also worked with Filippini Wealth Management Group, Inc.). Iaian Filippini’s mother also lives in the Santa Barbara area. Filippini Wealth Management Group, Inc. is not a law firm and is not licensed to practice law. Iaian Filippini is also not licensed to practice law and is not an attorney. No advice is given or intended with this article. No legal recommendations or guidance have been provided. Contact a licensed attorney to review any legal questions or problems you may be involved in.

Ian Filippini: What Is An Estate Plan?

Ian Filippini

Ian Filippini

What Is An Estate Plan?

Find out more about author Ian Filippini on Google+

An estate plan sounds like something from a movie.  Is sounds like something for the very rich…or at least someone with an estate.  What is an estate anyway?  Before you can understand what estate planning is, you need to understand what we are referring to when we say the word estate.  Your estate includes anything that you own.  This means everything from your house, to your bank accounts, to your records in the garage.  All of it is your estate.  You do not need to have a sprawling multi-million dollar property, (which is what some people usually think of when they think of the word estate), to need an estate plan.  For a long time, the majority of people thought that a will and an estate plan were one and the same, but this is not true.  An estate plan is much more detailed and involved than just having a will (although a will is generally included in most estate plans).  Ian Filippini is a professional estate planner with many years of experience.  In this article, Ian Filippini will briefly describe what an estate plan can include.  Ian Filippini also recommends that you speak with your own estate planning professional when you are ready to create your own estate plan.

Ian Filippini says that an estate plan is much more than to determine where your assets will go, though this is of course included.  According to Ian Filippini, an estate plan should include final medical wishes, as well as final resting wishes, neither of which can be included in just a will.  Ian Filippini says that an estate plan can name someone to take care of you if you ever become unable to care for yourself, which could be very important.

Ian Filippini says an estate plan can also name who is responsible for minor children. Filippini Financial Group, Inc. is not a law firm and Ian Filippini not an attorney. No advice is given or is intended to be given. The article above is not to be considered legal advice.

Filippini Financial Group, Inc. is a family run business situated in the Montecito area. Filippini Financial Group, Inc.’s current president is Ian Filippini. Ian Filippini also lives in the Montecito area. Ian Filippini’s brother helped out at Filippini Financial Group, Inc. and Ian Filippini’s father was also the founder of Filippini Financial Group, Inc.

Alfred Filippini passed away in 2009. Ian Filippini’s mom (Deborah Filippini) is still alive and living in the Montecito area. Ian Filippini spends time writing different articles relating to estate planning, insurance and real estate. When away from work, you can find Ian Filippini with his nephew Drew.

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The Basics of Trusts

Inheritance Question – Will My Estate Go to My Child’s Spouse?

The Basics – Estate Planning

What You Need To Know About Advanced Healthcare Directives Part 1

At What Age Should I Create An Estate Plan?

Estate Planning 101: Grandparent Edition Part 1

Ian Filippini: Who Should Be Executor of My Estate?

Ian Filippini

Ian Filippini

Who Should Be Executor of My Estate?

Find out more about author Ian Filippini on Google+

Even if you have heard of estate planning, and have further heard of an executor of an estate, you may not know exactly what it is.  That’s okay!  Many people are unfamiliar with this vocabulary.  The reason why people may be unfamiliar with this, and other financial planning vocabulary is that they have not yet begun their estate planning process.  But how do I begin the estate planning process?  The first thing that you must do is choose an experienced and professional estate planner.  Ian Filippini is an expert in estate planning and financial advising.  In this article Ian Filippini will briefly discuss what you should think about when choosing an executor for your estate.

First of all, Ian Filippini wants you to know that your estate is everything that you own, all of your assets.  In the simplest terms, Ian Filippini says that’s what it is whether you have a large estate or a small estate.  The executor of your estate, according to Ian Filippini, is the person who will make sure the wishes of your estate plan are carried out.

But who should be your executor?  Ian Filippini says that the most important attributes of someone to choose to be the executor of your estate are trust and honesty.  Many people may choose their spouse, or an adult child to be the executor of their estate, according to Ian Filippini.  If you do not have a spouse or children that you wish to be in charge of your estate after you die, you may choose anyone that you like who is over eighteen years of age.  Ian Filippini says that to be the executor of someone’s estate, you do not need any special education; the courts or lawyers will guide the executor through the process.

Filippini Financial Group, Inc. is run out of Montecito, California. The current president of Filippini Financial Group, Inc., Ian Filippini, also lives in the Montecito area. This is truly a family business. Ian Filippini’s brother has also helped out at Filippini Financial Group, Inc. and Ian Filippini’s father was also the founder of Filippini Financial Group, Inc.

Alfred Filippini passed away in 2009, but Ian Filippini’s mother (Deborah Filippini) is still alive and living in the Montecito area as well. When away from work, you can find Ian Filippini with his nephew Drew.

Filippini Financial Group, Inc. is not a law firm nor does it provide legal advice. Ian Filippini does not provide legal advice and is not an attorney. The article above is not to be considered legal advice. If you are in need of legal advice, please consult a licensed attorney or law firm.

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Santa Barbara and Recycling

Estate Planning Questions Answered

The Basics of Trusts

Inheritance Question – Will My Estate Go to My Child’s Spouse?

The Basics – Estate Planning

What You Need To Know About Advanced Healthcare Directives Part 1

At What Age Should I Create An Estate Plan?

Estate Planning 101: Grandparent Edition Part 1

Ian Filippini Estate Planning 101: Grandparent Edition Part 1

Ian Filippini

Ian Filippini

Estate Planning 101: Grandparent Edition Part 1

Usually by the time you are a grandparent, you have an estate plan in place, and you probably have had one for a while.  You also probably have a financial planner that you have worked with over the years, or maybe are trying out a new financial planner to review items in your current estate plan.  Hopefully, grandparents, you do have an estate plan and do have it reviewed regularly.  Estate plans can do a lot of things to preserve your estate after you are gone, but can also help your grandchildren 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 consultant.  In this article Ian Filippini will briefly discuss what a 529 account is and why it is a good idea to set one up.

Ian Filippini has heard from many people the stress of putting their children, and now perhaps their grandchildren through college.  With the financial climate the way it has been for the past decade, Ian Filippini has noticed an increase in the amount of grandparents that are paying for college tuitions, versus parents.  It is for this reason, says Ian Filippini that any grandparents with an estate plan that are planning for their grandchildren to go to college to create a 529 account.

Ian Filippini knows that many people have not even heard of a 529 account.  What is a 529 account?  Ian Filippini says that whatever is in a 529 account is not considered part of your taxable estate.  That is the basic tenet of a 529 account, according to Ian Filippini, and this would save money making it easier to pay for a grandchild’s college tuition.  You also retain full control of the account.

Ian Filippini, is currently the president of Filippini Financial Group, Inc. He has made time to author a number of articles relating to estate taxes, pre-nups, insurance, tax, asset protection, financial advice, real estate, and estate planning. Filippini Financial Group, Inc. and Ian Filippini have spent many years using their unique knowledge. With their hands on approach, they able to continually provide value to hundreds of retirees and pre-retirees in many areas of wealth management.

Filippini Financial Group, Inc. was formerly established by Ian Filippini’s late father Alfred Filippini (passed in the year 2009). Filippini Financial Group, Inc. is located on Coast Village Road in Montecito, California. Ian Filippini’s mother, Deborah Filippini, and brother, Alex Filippini, moved to the Montecito and Santa Barbara region.

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: At What Age Should I Create An Estate Plan?

Ian Filippini

Ian Filippini

At What Age Should I Create An Estate Plan?

For people that are unfamiliar with the term, estate planning can sound like something foreign and storybook.  Maybe you have not had access to any financial planning tools or information.  Maybe you ignored suggestions for such a thing as estate planning because you thought it didn’t apply to you.  The truth is that estate planning applies to almost everyone.  Young people especially never think that estate planning would pertain to them, but in fact, it does.  You should always contact a trusted financial professional to seek out the most current and correct information on estate planning.  Ian Filippini is a financial planning and estate plan expert.  In this article Ian Filippini will briefly discuss why younger people should also consider creating an estate plan.

In his experience Ian Filippini has heard of many excuses from younger people (younger meaning 20-30) about why they do not need an estate plan.  Even when other financial consultants such as Ian Filippini have suggested estate planning to them, they brush it off as if it is something they will not have to think about for years and years to come.  Ian Filippini asserts that this could not be further from the truth.

Ian Filippini hears that younger people think that they do not have a large enough estate to have anything to plan for.  The word itself-estate-is also what deters young people from thinking about creating an estate plan, according to Ian Filippini.

Younger people also generally do not think about the unknown, says Ian Filippini; they do not think about accidents that could leave them incapacitated, or even dead.  Estate plans are not just to ensure that your stuff goes to who you want it to, asserts Ian Filippini, but to make sure you are taken care of the way you wish if something happens to you.

Ian Filippini is Santa Barbara’s current president of Filippini Financial Group, Inc. Ian Filippini also found time to author a number of articles relating financial advice, to real estate, insurance, tax, asset protection, and estate planning. Filippini Financial Group, Inc. and Ian Filippini have spent many years using their unique expertise. Their hands on approach consistently provides value to hundreds of retirees and pre-retirees in many areas of wealth management.

Filippini Financial Group, Inc. was originally founded by Ian Filippini’s late dad named Alfred Filippini. Filippini Financial Group, Inc. is located near Santa Barbara on Coast Village Road in Montecito, California. Ian Filippini’s mom, Deborah Filippini, and brother, Alex Filippini, 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: What You Need To Know About Advanced Healthcare Directives Part 1

Ian Filippini

Ian Filippini

What You Need To Know About Advanced Healthcare Directives Part 1

Part 2

Part 3

Part 4

Part 5

In this article Ian Filippini will be giving information on advanced healthcare directives.  Death can be a touchy subject.  It is generally not something we want to think about, whether it be our own death or the death of a loved one.  Of course the truth is that we are all going to perish one day.  Many people have heard of an advanced healthcare directive.  This sounds like a big and scary term, but it is something serious that should be looked into, usually when you begin estate planning.  There can be many details associated with advanced healthcare directives, which is why you should discuss them with your financial professional at the same time you are meeting about estate planning.  One trusted financial professional is Ian Filippini.  In this article Filippini will briefly discuss some of the basic facts on creating an advanced healthcare directive.  Ian Filippini urges you to take this information to your own personal financial professional.

Regarding advanced healthcare directives, Ian Filippini has heard a lot of questions.  People have asked Ian Filippini, if they already have an advanced healthcare directive and are still able to make decisions on their own, can their advanced healthcare directive override that?  Ian Filippini says that the answer is no.  Ian Filippini is sure that as long as you are deemed able to understand your medical condition and able to make capable decisions, your advanced healthcare directive does not supersede your own healthcare decisions.

Other concerns Ian Filippini (Filippini Wealth Management) hears about regarding advanced healthcare directives are if they need lawyers or notaries to make it a legal document.  Ian Filippini asserts that the answer to both of those questions is also no.

Ian Filippini also reminds you that you can cancel your advanced healthcare directive at any time. Filippini Wealth Management was founded by Ian Filippini. Ian Filippini also oversees the day to day operations of the business and has his brother, Alex Filippini, close by to lend a hand. Filippini Wealth Management 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.

Ian Filippini Video

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

Ian Filippini

Ian Filippini: The Basics – Estate Planning

Ian Filippini

Ian Filippini

The Basics – Estate Planning

Estate planning can sound like a complicated and daunting task.  It might sound like something only people of great means should do.  The truth is that estate planning doesn’t have to be very confusing or scary, but it can get complicated along the way, depending on the size and type of your estate.  You should always consult a trusted financial professional to get the most up to date and correct information on estate planning.  Ian Filippini is a trusted and experienced financial professional.  Ian Filippini is very knowledgeable on the subject of estate planning.  In this article, Ian Filippini will briefly discuss the basics of estate planning.  Ian Filippini will give the definition of estate planning, the different parts of an estate plan and when your current estate plan should be looked over.

Estate planning is basically putting your financial affairs in order.  Ian Filippini stresses that the goal is to have all of your assets set up so that you get the most advantage out of them now, and that others (if you choose) can benefit from your assets later.  This is just the very basic definition from Ian Filippini.

Ian Filippini asserts that in general, an estate plan will include at the very least, a will, (or a trust), and a final medical directive.  Ian Filippini feels that these are the most important aspects to an estate plan.

Ian Filippini has heard of some people creating an estate plan and then not thinking about it again.  Ian Filippini wants to emphasize that your estate plan should be looked at whenever there is a major change in your life.  Ian Filippini gives some examples such as marriage, divorce, births, deaths, and business purchases.

These are the basics of estate planning as told by Ian Filippini.

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. Ian Filippini is currently the president of Filippini Financial Group, Inc., has written a number of articles relating to asset protection, financial advice, real estate, insurance, tax, and estate planning.

Filippini Financial Group, Inc. is located on Coast Village Road in Montecito, California. Ian Filippini’s mother, Deborah Filippini, and brother, Alex Filippini, moved to the Montecito and Santa Barbara area. Filippini Financial Group, Inc. was originally founded by Ian Filippini’s late father Alfred Filippini.

No advice is given or intended.   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: Inheritance Question – Will My Estate Go to My Child’s Spouse?

Ian Filippini

Ian Filippini

Inheritance Question – Will My Estate Go to My Child’s Spouse?

There can be a lot of questions surrounding the topic of inheritance.  At first it seems like such a simple idea: you leave certain possessions to certain people or organizations. Easy right?  Unfortunately there are many more facets to leaving an inheritance to someone, or multiple people.  What if you want to leave assets or property to your children and they are married?  Will their spouse have equal access to your child’s inheritance?  As with all financial information, you should get it from a financial professional.  Ian Filippini is an experienced and trustworthy financial consultant.  In this article Ian Filippini will briefly discuss what happens to your child’s inheritance if they are married.

Ian Filippini will be discussing what happens to your child’s inheritance if they are married, according to California law.  Ian Filippini wants you to know that if you live in a state other than California, it is best to contact a financial professional from your state that can better describe their specific inheritance laws for you.

Ian Filippini asserts that in California, if you leave assets or property to your child, or children, it will belong to them and them alone, even if they are married.  Any inheritance that you leave to your child will become their own personal property, not joint property, even if they are married.  Ian Filippini says that the inheritance will not automatically become community property, even in California.

Unfortunately, there is still a way for your child’s spouse to get rights to the inheritance.  Ian Filippini reminds you that if your child puts the inheritance into a joint account, then it will become community property with their spouse.  Ian Filippini says that if your child wants to keep their inheritance legally theirs only, they must keep it in a separate bank account.

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 is Santa Barbara area’s current president of Filippini Financial Group, Inc. Ian Filippini has and continues writing articles relating to asset protection, financial advice, real estate, insurance, tax, and estate planning. Filippini Financial Group, Inc. and Ian Filippini have spent many years using their unique expertise and hands on approach. Ian Filippini is proud of the value provided to hundreds of retirees and pre-retirees in many areas of wealth management.

Originally founded by Ian Filippini’s late father Alfred Filippini. Filippini Financial Group, Inc. is located on Coast Village Road in Montecito, California. Ian Filippini’s mother, Deborah Filippini, and brother, Alex Filippini, moved to the Montecito and Santa Barbara area.

Ian Filippini

Ian Filippini: The Basics of Trusts

Ian Filippini

Ian Filippini

The Basics of Trusts

If you are not familiar or comfortable in the financial world, there is some financial vocabulary that can be a little bit intimidating.  Trust is one of those words that can be scary just because you are not sure what it exactly means.  In this article, we will get down to the basics of what trusts are.  To get the most accurate financial advice and information, you should always talk to your financial professional.  Ian Filippini is a trusted and skilled financial professional.  In this article Ian Filippini will briefly discuss the basic information that you should know about trusts.  Ian Filippini will give a brief definition of trusts, describe the benefits to creating a trust, and who might benefit from trusts.

Ian Filippini has heard asked many times: So what is a trust, really?  Ian Filippini says that a trust has three basic parts.  According to Ian Filippini, a trust has the trustor, the trustee and the beneficiary.  The trustor is the person who creates the trust.  The trustee is the person that is in charge of the assets named in the trust.  The beneficiary is who will eventually receive the property and/or assets named in the trust.  These are the very basics of what a trust is, according to Ian Filippini.

Ian Filippini says that trusts have several important financial benefits.  Ian Filippini asserts that a trust can help avoid probate, special family items or assets can definitely remain in the family, and there is also at the very least a reduction in the death tax.  Ian Filippini says to talk with your financial advisor on the specific benefits that would come to you in preparing a trust.

Ian Filippini also wants to remind you that a trust can be beneficial for many people whether you have a large or a small estate.

Ian Filippini, the current president of Filippini Financial Group, Inc., has written a number of articles relating to insurance, real estate, tax, asset protection, financial advice, 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 established by Ian Filippini’s late father Alfred Filippini. Filippini Financial Group, Inc. is located on Coast Village Road in Montecito, California. Ian Filippini’s mother, Deborah Filippini, brother, Alex Filippini, and the family moved to the Santa Barbara area.

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

Ian Filippini

Ian Filippini: Estate Planning Questions Answered

Ian Filippini

Ian Filippini

Estate Planning Questions Answered

Q: What is usually included in an estate plan?

Ian Filippini: An estate plan usually consists of several documents including: assignment of power of attorney, a will, living will or advanced health care directive, and for some a trust of some kind could make sense.

Q: What is the minimum net worth needed to create an estate plan?

Ian Filippini: There is no minimum, no matter your net worth, it is very important that some type of basic estate plan is put in place.

Q: How do I start an estate plan?

Ian Filippini: The best place to start would be listing out and creating an inventory of your assets. Including, investments, savings, real estate, business interests and insurance policies.

Q: Should everyone have a will?

Ian Filippini: Yes. Everyone should have some kind of basic will explaining their final wishes at the very least.

Q: What happens if I do not have a will or estate plan?

Ian Filippini: Without an estate plan the probate courts and a judge will decide who receives what assets without regard to your wishes or even your heir’s needs.

Q: Should I discuss my estate plan with my heirs?

Ian Filippini: That is really a personal choice and whether the heirs are educated enough to understand the process. However, it can be helpful by limiting the   amount of confusion.

Q: Do I need a power of attorney?

Ian Filippini: Again this is a personal choice because there is no law requiring you have a power of attorney. Nevertheless, none of us are impervious to aging, illness or sickness, or loss of mental stability.  If you are put into a position where you cannot make decisions or care for yourself, you will want someone you trust making your decisions and caring for you.

Ian Filippini is the current president of Santa Barbara’s Filippini Financial Group, Inc., has written a number of articles relating to financial planning, real estate, insurance, tax, asset protection, financial advice, and estate planning. Filippini Financial Group, Inc. and Ian Filippini have spent many years using their unique expertise. Ian Filippini and the hand on approach continues providing value to hundreds of retirees and pre-retirees in many areas of wealth management.

Filippini Financial Group, Inc. was originally founded by Ian Filippini’s late father Alfred Filippini (2009 liver cancer). Filippini Financial Group, Inc. is located on Coast Village Road in Montecito, California. Ian Filippini’s mother is named Deborah Filippini. Ian Filippini and brother, Alex Filippini, 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 a attorney.  Filippini Financial Group, Inc. is not a law firm.

Ian Filippini

Ian Filippini: Santa Barbara and Recycling

Ian Filippini

Ian Filippini

Santa Barbara and Recycling

Beautiful Santa Barbara!  Ian Filippini thinks it is such a terrific place to live, to visit and to work.  The constant sunshine and mild temperatures, ample palm trees, majestic mountains and glistening blue ocean make Santa Barbara one of the most beautiful places in the country—maybe even the world!  Santa Barbara locals and residents take great pride in their great city of Santa Barbara.  One thing that is extremely important to most people that live and/or work in Santa Barbara is recycling.  In this article Ian Filippini will briefly describe the different recycling options available to people in the Santa Barbara area.

Santa Barbara has had different recycling programs in place for quite some time now.  For recycling in public, out and about in the Santa Barbara area, there are different recycling bins available.  The most common recycling available out on the streets is for plastic, aluminum and glass.  This makes the most sense because people mostly carry around plastic water bottles, aluminum cans and glass bottles also.

In different businesses in Santa Barbara that recycle, the most commonly available product that is recycled is paper.  There are usually ample places to recycle paper inside of many Santa Barbara businesses.

For recycling in Santa Barbara homes, many families contact their local waste management provider to coordinate recycling bins and pickups.  At home recycling usually includes plastic, glass, aluminum, paper, and green waste.

There are many different recycling centers available to the public in the Santa Barbara area.  Some of these recycling centers will even pay you for the plastic, glass and aluminum that you collect and bring to them.  This is a win-win for everyone.  The recycling keeps Santa Barbara beautiful and can put a few pennies in the Santa Barbara locals’ wallets!

Ian Filippini has authored a number of different articles relating to estate taxes, federal taxes, state taxes, financial consulting, real estate, insurance, asset protection, financial advice, and estate planning. Ian Filippini lives in Santa Barbara and is the current president of Filippini Financial Group, Inc. Filippini Financial Group, Inc. and Ian Filippini have spent many years using their unique expertise in the Santa Barbara area. Ian Filippini and hands on approach is able to provide value to hundreds of retirees and pre-retirees in many areas of wealth management.

Filippini Financial Group, Inc. was created and founded by Alfred Filippini (Ian Filippini’s late father – died 2009). Filippini Financial Group, Inc. is located on Coast Village Road in Montecito, California. Ian Filippini’s mother is named Deborah Filippini. Ian Filippini and brother, Alex Filippini, moved to the 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

Santa Barbara Car Shows

If you live in Santa Barbara and like a good car show, you won’t have to drive very far.  Santa Barbara plays host to many different car shows, weekly meets and cruises.  Gentlemen (and ladies) start your engines. The Santa Barbara County car shows are just around the corner.

The Santa Barbara Wheels and Waves Classic Car and Hot Rod Show is on the calendar for May 19TH.  The venue is on State Street between Micheltorena and Gutierrez.

Look for the Nite Life Car show coming to The Earl Warren Showgrounds  on June 2nd, 2013

I like to cruise over to Carpinteria  over the 4th of July weekend for the Rods and Roses Classic Car Show.

Don’t miss Woodies car show on August 18TH.   A fun retro show sponsored by the Woodies Club.

Goleta does not miss out on the chance to get a car show together. Each year, Goleta hosts the Lemmon Festival and Car Show. This year’s show will be held on September 28th, 2013. As always, there will be plenty of food, entertainment and a classic car show. Girsh Park will once again be the spot to be. (Located in Goleta, Santa Barbara County).

Sundays on Coast Village Road are also a fun time fro car watching. Many of the locals participate in an impromptu car meet all up and down Coast Village Road. Classic cars are littered through the street along with modern super cars or a modern take on some 1950’s hot rods that have been fully customized for the owner.

The best part about any of the car shows in Santa Barbara definitely has to be the people. Most everyone at these car gatherings are great people with great stories that they are willing to share with you. You never know, you might just learn something new from these gearheads.

Filippini Wealth Management was founded by Ian Filippini. Ian Filippini personally takes the effort to manage and oversee the day to day operations of the business. Ian Filippini runs the show but has his brother, Alex Filippini, close by to lend a hand. Filippini Wealth Management has a one stop shop designed that has been providing value to our clients in the areas of taxation, insurance and real estate. Ian Filippini takes whatever time is needed to meet, understand his client’s goals and the calculate way to implement them.

Filippini Wealth Management is located near Santa Barbara, in a town called Montecito. Filippini Wealth Management’s office is located just outside of the Santa Barbara city limits. We are still within Santa Barbara County limits. Ian Filippini’s parents, Alfred Filippini (dead in 2009) and Deborah Filippini decided to move the family to the Santa Barbara area in the 1990’s. Ian Filippini has traveled the world and agrees with all the locals that Santa Barbara is the place to be!

Santa Barbara Area High Schools

Below if a very brief and quick guide to the local high schools of the immediate Santa Barbara area. There are also more high schools Located in northern Santa Barbara County or in neighboring Ventura County.

Carpinteria High School- A smaller public high school that is located about 15 minutes South of Santa Barbara in the City of Carpinteria. This high school is larger than all of the other private school, but about half the size of other Santa Barbara public high schools.

Dos Pueblos High School- A public high school with a student body size of around 2,000 students. Located about 15 minutes north of Santa Barbara in the city of Goleta.

San Marcos High School- A public high school with a student body size of around 2,000 students. Located in the heart of Santa Barbara, this school is just blocks from State Street and half a block from the Santa Barbara County Bowl.

Laguna Blanca High School- A private charter school with that is an offshoot of their lower level schools (K-8). This high school focuses on day students and does not provide room and board on campus. Located in the foothills of Santa Barbara (also known as the American Riviera).

Bishop Diego High School – This is a private catholic school with smaller classes and overall student population.  It is a day school and has no boarding facilities to my knowledge. Also located in the city limits of Santa Barbara.

Cate School High School- Extremely private high school with small class sizes and an entire student body of between 200 and 500 kids. Many celebrities and famous businessmen have decided to send their children to school. Cate school is primarily a boarding school, but does allow a few local kids to attend as “day students.” Located about 5 miles away from Carpinteria High School. Cate School is still within the Santa Barbara County Limits.

Filippini Wealth Management was founded by Ian Filippini. Ian Filippini also oversees the day to day operations of the business and has his brother, Alex Filippini, close by to lend a hand. Filippini Wealth Management 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.

Filippini Wealth Management is located near Santa Barbara, in a town called Montecito. Filippini Wealth Management’s office is located just outside of the Santa Barbara city limits, but still within Santa Barbara County. Ian Filippini’s parents, Alfred Filippini (deceased) and Deborah Filippini decided to move the family to the Santa Barbara area in the 1990’s. Ian Filippini has traveled the world and agrees with all the locals that Santa Barbara is the place to be!

Santa Barbara: Education and A Blast from the Past

Santa Barbara has many educational opportunities.  It is home to University of California, Santa Barbara, Santa Barbara City College, Westmont College, Antioch University and Brooks Institute of Photography.  Santa Barbara City College boasts a School of Culinary Arts and Hotel Management and has a Nursing program. But tourists do not have to attend these schools to gain an education. Santa Barbara has many different places that offer learning opportunities or just a blast from the past.

A blast from the past is located near University of California, Santa Barbara.  West Wind Santa Barbara Drive-In @ 907 Kellogg Avenue in Goleta.  All movies shown are double features with a large lot for plenty of cars to fit. A fun snack bar and an area for football or tag make this a great place to see how we used to go to the movies.

For those looking for a little more education, head to the beach. The Ty Warner Sea Center is located on Santa Barbara’s Pier and offers the youngster a whirlpool petting zoo; complete with mussels and starfish! The Santa Barbara Museum of Natural History is located in the Santa Barbara foothills and offers a wide range of education from the onsite planetarium to the full whale skeleton that greets guests as they arrive. Not far away are the Santa Barbara Botanical Gardens offering serene and breathtaking scenery with local fauna. Do not forget to get tickets to go see Lotus Land in Montecito – anyone on the trip is certainly guaranteed to see and learn something new.

On your way out of Santa Barbara, a little further down the coast is Carpinteria. Next to Carpinteria’s state beach is the Salt Marsh. The area is a natural preserve that has trail, ropes, and descriptions of local vegetation and wildlife.

Filippini Wealth Management was incorporated by its President, by Ian Filippini. Ian Filippini takes pride in overseeing and managing the day to day operations of the business. Ian Filippini’s brother is also there, Alex Filippini, to lend a hand whenever needed. Filippini Wealth Management is one stop shop designed to provide value to our clients in the areas of taxation, insurance and real estate. Ian Filippini takes the necessary time to understand his client’s goals and the best way to execute them.

Filippini Wealth Management is located in Santa Barbara County, just outside the city limits of Santa Barbara. The town is called Montecito and Filippini Wealth Management’s offices are on Coast Village Road. Ian Filippini’s was raised by his parents, Alfred Filippini (no longer living) and Deborah Filippini. Mom and Dad decided to move the family to the Santa Barbara area in the 1990’s. Ian Filippini has since seen the world, but still decides to make Santa Barbara his home.

A Quick Trip Guide to Santa Barbara

It is a good idea to book your hotel room the minute you know you will be traveling to Santa Barbara to move your child to college.   Book your room for Graduation weekend when your student is a senior.  Otherwise you might not be sleeping in Santa Barbara County.

Santa Barbara has good public transportation.   From Am Track to the City bus a car is not essential when living in Santa Barbara.   I bicycle might be.  With miles of bike paths along the coast bicycling is a popular recreational sport in Santa Barbara.

State Street is a fun place to hangout for parents and students alike.   You can buy a bike, see a movie, get a pedicure and eat my favorite pizza at Roco’s without leaving the block.  If you are tired of walking jump onto the trolley car and enjoy a tour.  If you are here in the summer, jump onto the Land Shark for an amphibious tour of Santa Barbara.

If you are on State Street on a Tuesday afternoon, don’t miss the culinary offerings at the Farmer’s Market.

If you are off on your own it is easy to entertain yourself.  Wine tasting is a popular tourist attraction throughout Santa Barbara Country.  An area called the Funk Zone near the beach is popular because you can walk from winery to winery without having to drive.

You will see less gas stations and they tend to be more expensive as you head north so fill up your tank before you leave.  Lower gas prices can be found in Downtown Santa Barbara. If you are headed South, Carpinteria is the last town before leaving Santa Barbara County.

Filippini Wealth Management was founded locally by Santa Barbara’s Ian Filippini. Ian Filippini makes sure to oversee the day to day operations of the business . The younger brother, Alex Filippini, should always be close by to lend a hand. Filippini Wealth Management is Santa Barbara’s only one stop shop designed to give value for our clients in the areas of taxation, insurance and real estate. Ian Filippini takes the required time to make sure he understands the client’s goals and the best way to implement them.

Filippini Wealth Management is located in Southern California, just outside of Santa Barbara, in a town called Montecito. Though Filippini Wealth Management’s office is located just outside of the Santa Barbara city limits, it still falls within Santa Barbara County. Ian Filippini’s parents, Alfred Filippini (dead) and Deborah Filippini moved the family to the Santa Barbara area in the 1990’s. Ian Filippini has since traveled the world and agrees with all the locals that Santa Barbara is the place to be!

Santa Barbara: Downtown

For those visiting the Santa Barbara area, it is an obvious choice to hit the beach or hike up the foothills to the American Riviera. Once you are sunburnt from the beach or tired from all the hiking, make sure you take the time to explore our Downtown area. Though it is nowhere near the size of a larger city’s downtown area, Santa Barbara offers a downtown experience with plenty of restaurants and shopping without the hassles and traffic of Los Angeles or New York. There is actually some traffic congestion on the 101 freeway, through Carpinteria and Santa Barbara, during holidays or Sunday evenings. However, this traffic pales in comparison to the notorious Los Angeles traffic.

The main part of Santa Barbara’s Downtown area (also where you will want to spend most of your time) is located on State Street. Santa Barbara’s State Street offers wonderful art galleries littered up and down the street. Do not forget that the first Thursday of each month, the art galleries host showings up and down the street with light food and beverages. First Thursday is a definite must for most locals and any tourist should take advantage of the wonderful local art.

State Street offers modern day movie theatres with box office hits. Often overlooked are the Granada Theatre and the Lobero theatre. Both offering a wide range of musicals, dramatic plays, musicians, stand up comedians and Broadway plays. We also have the Santa Barbara Film Festival. The theatres usually have some pretty good acts to see because even the rich and famous love coming to Santa Barbara (especially if they get paid to do it)!

Filippini Wealth Management is located in the heart of the California coast near Santa Barbara, in a town called Montecito. Filippini Wealth Management’s main offices are located just outside of the Santa Barbara city limits, but still within Santa Barbara County. Ian Filippini’s was raised by parents, Alfred Filippini (no longer living) and Deborah Filippini who decided to move the family to the Santa Barbara area in the 1990’s. Ian Filippini has traveled the world and seen many different places. Ian Filippini agrees with all the locals that Santa Barbara is the place to be!

Filippini Wealth Management was founded by Ian Filippini. Ian Filippini takes a personal interest in overseeing the day to day management and operations of the business. Whenever needed younger brother, Alex Filippini, is close by to lend a helping hand. Filippini Wealth Management is a 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 or wishes and the best way to implement them.

Santa Barbara: The Great Outdoors

Santa Barbara may not be as rugged and rough as the forest in the movie The Great Outdoors, but it is pretty amazing by its own right. The year round clear skies, sunshine and mild to beautiful weather year round keeps the visitors happy and eager to come back. This is especially true for those that enjoy activities relating to an outdoor experience.

Santa Barbara County and surrounding areas have some of the best beaches in the country – if not the world. Though there is plenty to accomplish in the ocean and the beach; Santa Barbara is really more than just a beach or surf town. Just take a look past the coast line and you will see the Santa Bara Mountains and foothills lining the Riviera. The Santa Barbara hills are littered with wonderful hiking or biking riding trails with beautiful wildlife and scenery. Depending on the time of year you decide to make your visit to Santa Barbara, will dictate what kind of wildlife or plants you will be able to encounter or watch.

It is hard to do, but if you have seen enough of Santa Barbara proper, do not forget to look out the horizon. The Santa Barbara Channel Islands are located just offshore of Santa Barbara city beach and are easily accessible by powerboat. Many locals and visitors decide to take a boat out to the islands for site seeing, whale watching and fishing in general. There are also airplanes for charter out of Santa Barbara Airport that will take visitors to the island for day trips. If you are in the adventurous mood, you can always plan a longer stay on the island and spend time at the campgrounds at night.

Filippini Wealth Management was created and founded by, President, Ian Filippini. Ian Filippini takes pride in personally overseeing and managing the day to day operations of the business. Ian Filippini also has a younger brother, Alex Filippini, who is always lose by to lend a hand. Filippini Wealth Management is one stop shop designed to provide value to our clients in the areas of taxation, insurance and real estate. Ian Filippini will take the time necessary to understand your goals and the best way to implement them.

Filippini Wealth Management is situated near Santa Barbara, in a town called Montecito, California. Montecito and Filippini Wealth Management’s office are located just outside of the Santa Barbara city limits, but still within Santa Barbara County. Ian Filippini’s parents, Alfred Filippini (dead as of 2009) and Deborah Filippini decided to move the family to the Santa Barbara area in the 1990’s. Ian Filippini has traveled the globe and agrees with all the locals that Santa Barbara is the place to be!

Santa Barbara: Food Crawl

Have you ever been on a food crawl?  I have.  It was in Santa Barbara County.  I started the day off eating.  I ended the night, eating.  Even Bailey my dog got in on the act.  Passing through Solvang is my favorite way to go to Santa Barbara heading south.  The eucalyptus trees lined highway gives way to a charming Danish town complete with whimsical windmills.  Everyone has their favorite bakery.  Mine comes down to who has my coveted hard to find prune Danish.  I never think about a prune Danish unless I am on my way to Santa Barbara through Solvang.  After walking around the town I feel less guilty about my next stop.  Ebelskivers.  I don’t usually think about round Danish pancakes but it is a must when passing through Solvang.  Before leaving I purchase a bucket of butter cookies.  How many will I eat before I pass Gaviota on my way to Santa Barbara?  Too many.

Santa Barbara County is home to the University of California Santa Barbara.  It is tucked away along the coastline in Isla Vista.  A food crawl is a way of life in this college town. Organic to fast food the choice is yours.  And if your stay finds you there at night there is a Drive-In-Theater, just off campus, boasting the iconic menu of nachos, ice cream and hot dogs.

Bailey likes to stop at In-And-Out.  And what’s a food crawl without a shake?

Authentic Mexican food can be found throughout Santa Barbara County.  Downtown State Street is home to sophisticated restaurants as well as the more casual eateries.  The best breakfast burrito I ever ate was from a liquor store in Carpinteria.

Stay on state Street to continue your food crawl.  If you walk toward the ocean the Santa Barbara Warf welcomes you at the end of the street.  If you are ready for a snack there is candy and ice cream tucked around the corner.   I like to sit and look at the boats while I contemplate my next decision.  Do I want my fish from a shell or a taco?

Filippini Wealth Management was founded by its President, Ian Filippini. Ian Filippini takes a no nonsense approach when he oversees the day to day operations of his company. His brother, Alex Filippini, close by to lend a hand. Filippini Wealth Management is santa Barbara and Montecito’s 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.

Filippini Wealth Management is situated near Santa Barbara, in a town called Montecito. Filippini Wealth Management’s headquarters are located just outside of the Santa Barbara city limits, but still within Santa Barbara County. Ian Filippini’s parents, Alfred Filippini (deceased) and Deborah Filippini decided to move our family to the Santa Barbara area in the 1990’s. Ian Filippini has traveled the world and agrees with all the locals that Santa Barbara is the only place worth living!

Santa Barbara: Road Trip

I’ve always enjoyed a good road trip.  My dog Bailey and I have found Santa Barbara County one the safest places to be on our own.  Bailey doesn’t like traffic making Santa Barbara County’s  many miles of back roads top on our list of places to visit.  Santa Barbara looks like a mini Riviera cushioned between islands and mountains.

Santa Barbara County stretches from the San Luis County line to Ventura. The coastal drive is worth the trip in itself.  Bailey wouldn’t be happy if we didn’t stop at some of her favorite beaches and parks.  The first thing you want to check when you are planning a beach walk is the tide chart.  Santa Barbara sunsets often look like a painting and should not be missed.  Because the Santa Barbara coast line runs East , West  the sun sets over the mountains and not the ocean.  I’ve never taken a bad photo of a Santa Barbara sunset.

There are many beaches along the coastal route.  Since State Beaches do not allow dogs Santa Barbara County beaches are coveted for dog owners.  Some of Bailey’s favorite stops are along the 101 from   Butterfly Beach in Montecito, Look Out Park in Summerland to Fourth Beach in Carpinteria.

Bailey enjoys a good meal in Santa Barbara and the Habit is her favorite stop.  If you tell them it is for your spoiled dog they will make it without salt and they won’t even roll their eyes.

There is camping for everyone in the Santa Barbara area.  From posh to not, tents to Airstreams Santa Barbara offers campgrounds nested in the bluffs, along the shores and into the back country.  When Bailey and I are feeling adventurous we head for the back roads.  Solvang is a town off the 101.  Another fun stop with winding roads and camp grounds the Chumash highway/150 boast views of Santa Barbara and it delivers you into the middle of downtown.  Don’t forget your Danishes and Wine.  Some of the wineries are a fun way to enjoy the outdoors in Santa Barbara County.

Filippini Wealth Management’s founder is Ian Filippini. Ian Filippini make a point to personally manage and oversee the day to day operations of the business and has his brother, Alex Filippini, close by to assist him. Filippini Wealth Management is know as Santa Barbara’s one stop shop providing value for 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.

Filippini Wealth Management located near Santa Barbara, in a town called Montecito, is on the main stretch called Coast Village Road. Filippini Wealth Management’s office is located just outside of the Santa Barbara city limits, but still within Santa Barbara County. Ian Filippini’s parents, Alfred Filippini (deceased) and Deborah Filippini decided to move the family to the Santa Barbara area in the 1990’s. Ian Filippini has seen the world and still agrees with all the locals that Santa Barbara is the place to be!

Retirement basics

By Ian filippini

Planning for The “Golden Years”

There’s a saying that if you have your health, you have everything. Well, that’s not exactly true – without adequate resources, you could enjoy a long, healthy retirement at a far lower standard of living than you’d prefer!

When preparing for retirement, it’s vital to keep in mind the importance of money to your quality of life during your “golden years.” And with retirements now stretching as long as 20 to 30 years – and beyond – ensuring your retirement dollars outlive you is a paramount concern.

Failing to Plan, or Planning to Fail?

It’s been said that he who fails to plan, plans to fail. And nowhere is that concept illustrated more starkly than with retirement planning. A sound financial plan can be the difference between the retirement of your dreams and the nightmare of discovering you have too little money, too late to change financial course.

A disciplined retirement preparation plan, diligently followed, will help you develop realistic objectives … assess progress toward your goals … and make periodic adjustments to keep you on track.

How Much Retirement Income Will YOU Need?

Government research has determined that most Americans need between 60 and 80 percent of their pre-retirement income in order to maintain their standard of living during retirement. However, many financial experts have raised this figure to between 80 and 100 percent of pre-retirement income, citing skyrocketing healthcare costs, lengthening life spans, and the ever-present threat of inflation – which can rob a retirement portfolio of purchasing power over time.

Of course, how much you will need in retirement will be a function of your goals, time horizon, and spending habits. Those who want to purchase a second home and travel frequently will obviously need more than those who prefer to stay at home in their paid-off house. Consider these factors when estimating your future retirement income needs:

Your support of children who will be self-sufficient by the time you retire. Your current work-related expenses that will be dramatically reduced in retirement, such as commuting costs, daily meal expenses, dry cleaning bills,etc.

Whether your mortgage will be paid off prior to or early in retirement

Whether you will need to continue your monthly savings amount or begin to spend that amount for necessities

Your tax bill in retirement

Sources of Retirement Income

Once you have estimated your target retirement income, you can begin evaluating your potential sources of regular income. In general, your income sources will fall into one of these three categories:

1) Government sources. The Social Security system was inaugurated during the Great Depression to augment retirees’ incomes. Most experts feel that the system will remain solvent throughout much of the 21st century. Even so, a rising retirement age and cuts in benefits could reduce your monthly Social Security check. Benefits are based on the amount you earned during your working years.

2) Employer-sponsored plans. Many employers offer company-sponsored retirement plans, which generally fall into two categories. Defined benefit plans, which are normally funded by the employer and guarantee a retirement benefit based on a formula comprising number of years on the job and employment earnings. For example, a traditional pension is a defined benefit plan. Defined contribution plans, on the other hand – such as 401(k), 403(b), and 457 – rely on funding from employees, matching funds from the employer, or a combination of the two. The employee owns an account balance (subject to company rules regarding vesting) of contributions and earnings. Upon changing jobs, an employee may be able to roll over assets into the new employer’s plan or into an IRA. At retirement, the employee decides how to withdraw the balance he or she has accumulated.

3) Personal savings. This is perhaps the most overlooked aspect of retirement planning. Personal savings include, but aren’t limited to, balances in savings accounts, directly held assets, home equity, shares in a partnership or business, and even collectibles such as artwork and coins.

How to Get – And Stay – On Course

How can you determine whether you’re on track to reach your retirement goals, and to make adjustments if necessary? We can help you develop a sound financial plan based on your specific situation, monitor it regularly to ensure you’re making progress toward your objectives, and recommend occasional adjustments to help you stay on course.

Iaian Filippini

About Me !!

I am a young president of Montecito-based Filippini Financial Group(i.e. Filippini Financial Group, Inc.). Filippini Financial Group, Inc. a true wealth management advisory firm, we understand our clients desire one full-service group they can turn to for all of their financial needs.  To accomplish this goal we built an independent family corporation designed to guide our clients in every area of their financial life.  Our firm has five integrated divisions working closely together to effectively manage the many areas of wealth: Investments, Tax Planning, Estate Planning, Insurance, and Real Estate.  Our clients utilize our firm in some or all of those areas.