Bowman Law Firm - Lunch & Learn

At Bowman Law Firm, we understand that planning for the future can be overwhelming. Led by attorney Shireen Hormozdi Bowman, who has been practicing law since 2003, our firm is dedicated to providing compassionate and knowledgeable legal representation. We are here to guide you through the estate planning process with professionalism and care. We offer first-class, personalized attention to every client and have a proven track record of achieving big results. Contact our Norcross estate planning & trusts lawyer today. With our firm, you will always be a person first, a client second, and never simply a file number.

Bowman Law Firm
1770 Indian Trail Lilburn Rd., Suite 320
Norcross, GA 30093
Telephone: 678-395-7795
https://www.norcrosslawfirm.com/

Transcript

SPEAKER_02 0:10

Hi everyone, we are live. Let's do a quick tour of the office while we're waiting to start at twelve o'clock.

SPEAKER_01 0:24

I've gone live, but nobody's here. I'm gonna do a tour of the office. Okay. Will you be my friend? We have three minutes more.

SPEAKER_02 0:38

How do I tell if somebody's here? Oh, here we go. Hello. We are Bowman Law Firm. We are live para lunch, learn, and fide comisos at mediadia. Here is our team. We're gonna do a little pre-show tour. This is unplan de Fide Comiso y Testamento y Poler Notariales y Poler Salud and todos los documentos. Yes. And this is our team. That's Amanda and Viviana. Yes. A little tour. This is our conference room where we do our reunions and meetings with the clients. Very nice. We can all sit here and talk. Hi Daniel. Yes, yes. Who else has joined? Alright, we'll be starting promptly at 12 o'clock. So please have your questions ready. I'm coming to spy on the virtual team. Here they are.

SPEAKER_01 1:43

I don't know what I'm doing.

SPEAKER_02 1:47

Alright, we're almost time to go live. One more minute. But this is Bowman Law Firm. Please call our office anytime and make an appointment. We'd love to have you here. This is our office. On mi firma, which could be the law firm or your firma. Mi legado está seguro. I wonder if that's a bad word. Okay. Yes. Get your questions ready. We're going live in one minute. And please follow us on TikTok. We're trying to get more followers and we have our little counter going. Okay, about to go live. You guys will come in the room. They just won't stop working. It's because Dizzy's happy. It's a big plan. But this family is going to be so protected now. We we've worked so hard for the last couple weeks on this plan, and they're coming at three o'clock to sign, and we're really excited for them. And the clients leave very happy when they're done. So it'll be good. This is my office. We're listening to some Luis Miguel. Yes. These are my degrees. They're real, I promise. I've been a lawyer for 23 years. Here's some of my college. And that's the law degree. Okay, so it is 12 o'clock. Bienvenida Abomin Law Firm, TikTok Live. Um, hola todos aquí. We can do this in Espanol and English. Um, yo quiero intentar mi español. So go ahead and feel free to ask us any questions and we will answer them. Um, you can also call in now and make an appointment to meet with me. Yes. And we can uh we can make an appointment and have a consultation if you want to talk privately, but we are here to help you. Um Todo mi Akipo is bilingual. We speak Spanish, we speak Vietnamese, and of course English. So give us a call and we are here to help you. So I guess Vivi, we could talk about to get started, is how I'm so mad about the deed. I could pull it up even. I should have redacted it. We had a wonderful widow come in today, or yesterday, she was a widow, her husband died. And um the deed, we had a wonderful widow come in today, or yesterday, she was a widow, her husband died, and um the deed anymore. Because the husband is dead and he's on the deed. So she came to us and I had explained the problem. If only the lawyer at the closing had wrote those words on the deeds. Simple words, we could have to take him off the deed, no problem, and gave the house to her, and she would have insurance. Um, but now she doesn't. So let me let Vivi explain that story in Spanish. That way our Spanish speakers can understand.

SPEAKER_00 5:14

Hola, buenos de those. Well, what I was commenting is that lastimosamente the year of year we have our consultation with a señor very formal, I think. And in the way of the consultant, we had that lastimos that the deed or the title of the property was maltitulated. And to title the deed pushed that those two were the people, but they were with supervivency. After our firm, for the general taught this type of cases, the condition of the situation, that the super confusion, here in this place. But it's very trying and molestia and other people correctly the titles, perjudicing those people who obviously don't know this type of things. You want to show them, I'll show them the words.

SPEAKER_02 7:18

Okay, I can do it. So these are the words. If you can't find your deed, call this office. We have an expert deed finder. His name is Dan. He can find a deed from under the rock. So just call us, we will find your deed. There may be a fee. Um, we'll let you know. At the most, we charge$45 to look for your deed because we have to search the court records. But if we're able to do it when we're not busy, we usually just find it for you. And your deed, if you're a pareja, if you're a couple, it should say joint tenants. Is it backwards? Or it's forwards because of my camera. Oh, yeah. Sorry. That's what's fun about live. Okay. Here we go. Okay, I don't want to see myself. I don't want to see myself anyway. Okay, so the words that need to be on your deed is joint tenants with right of survivorship. How many words is that? Three, four, five, six words. Six words, and this widow could avoid over a year of probate court, paying additional attorney's fees, costs, and she has no insurance on her house. If a tree falls on her house, if there's a fire, if there's anything, she has no coverage. The house is gone. This is how we talk about without a plan, without the proper structures, you can lose everything. So I didn't want to freak her out, but I'm like, you know, without insurance, you're in a lot of risk. And a lawyer prepared the deed for her. It had the lawyer's name. I should call them out, but I'm not going to. The lawyer's name is on the deed. And they did not put these words. So when you're doing a closing and you're a couple, make sure if you want these words to be on there, have them on there. Now you don't have to have these words on there. But what these words imply is that when the one of the owners dies, the whole house will go to the other owner, no court. And so if you want that to be the structure, which is usually the what you want when you're a couple, just have these six words on there. And we can correct this while you're alive. So if they had come to us while the husband and wife were still alive, I could, for a small fee, do a new deed for them. Way cheaper, way faster. We could have fixed this. So let's fix it for you now. Call us, we can fix this, and we can make you an entire plan so that for the rest of your life you don't have to go to court. Okay. And then I guess I'll let you do it in Spanish with those words. All right, here's our Spanish. Can I get a Spanish speaker? No, it's Oh, did I do it wrong? Oh, wait, this way.

SPEAKER_00 9:56

Yeah. Just kidding. Okay. The idea is that there exist these six palabrass dentro of the title, which is joint tenants with right of survivorship. In Spanish tenure conjunctions with duty of supervivency. And as we said, this will be that if one of those two fellows, the other 100% of the property in the need of it or the process of succession in court. When we have these 50-50%, you go with my 50%, and my company permanent who moved, 50% congelado, you will go to the process of succession in court so that the passage 50% to me. So these palavers are one of court and much costos extras.

SPEAKER_02 11:02

Perfect, yes. Alright, we're going to check. I'll let you do that while I stand here. Are there any questions that popped up?

SPEAKER_01 11:11

No so far.

SPEAKER_02 11:12

No questions. If you have any questions about this, go ahead and type them in Espanol or in English. If not, we'll just keep talking.

SPEAKER_00 11:30

So what to do is the name is not enough. No, if it is not enough that my name is there, I will need to go to court without those words.

SPEAKER_02 11:40

So to me it's a red flag, and um I'll do it in English and then she'll do it in Spanish. It's a red flag quando one name is on the titolo. Because if you die, if you're incapacitated, and in some situations if you're deported, the house is in risk and you have to go to probate court. So if one name is on the title, I don't like it. Because if something happens to you, your family has to go to probate court and you can lose the house that way because nobody knows who owns it. So the best thing I recommend is to have the house titled in the name of a living trust. That's the strongest protection. So we'll do it in Spanyol. All right, we have our Spanish.

SPEAKER_00 12:21

Okay, entonces un salute a Monica who was this. Mónica pregunta si entonces no tengo my number in the title. No, if not these, this significa that you also are 50% and the other 50% will be at the prova or the case of succession, process of succession in cortex for the 100% as well. But the more many of association is pulling in the fideic comes.

SPEAKER_02 13:26

We have a question. Hey Amanda, can you talk about pets? Should I include them in my trust?

SPEAKER_00 13:31

Oh, see.

SPEAKER_02 13:33

You want to do it in Spanish first, then English? The question was in English.

SPEAKER_00 13:36

Okay. The pregunta was in English, we're going to have it in Spanish. What will you do with this? The peluquer, the vaginal, the alimentability, the veterinary, medicaments, all that in the manutenant and the animal, just say a perro, a gato, a lao, no importer the type of animal. Okay.

SPEAKER_02 14:31

Perfect, perfect. Yes, you asked, should I include your pet in the trust? Yes, we do. So when we do a plan, we include everything. And pets are like family. Under the law, technically it's property, it's chattel, it's the same as a property of like a desk or furniture, but we can include it. So, like she explained, we can do an official pet trust where you actually name a guardian for the pet and you name the trustee to provide money for the pet. So we can set up a pet trust, or an easier thing we do within the trust is we name who you're gonna give the pet to when you pass. Usually I like to say any pets I have or any dogs I have or any cats I have goes to this person, and then you should give them some money. So that's what I usually recommend. So you can say, My neighbor is gonna get the dog and I'm gonna give her$5,000. And then I recommend you ask the person that they accept that they'll take care of the pet. Because if you do nothing and have no plan, the dog's probably gonna end up in the shelter. And you know, the shelters they don't last long there. So we include pets in your plan. So make a plan and we will include your pet and make sure your pet is protected. Okay, good. Any more questions?

SPEAKER_00 15:46

No, no, for now.

SPEAKER_02 15:48

We can take you around the office to show the plan and then we'll we'll talk a little more about things. But our plans are done in two weeks usually. So after you come in and meet with me and the team, we design your plan and talk about everything that's important for you, and then we prepare the plan over the next two weeks, we discuss it as a group, we make sure all your issues are addressed, we really take it personally, and then we finish the plan usually in two weeks, and then you come for the signing, you come for the firma, and we have all your documents ready. We go to the conference room and we make sure you understand all the documents, and then we put them very organized for you in a binder, or I love this word carpeta. We put it in the binder for you, and you get a USB drive, and our clients just leave so happy because they have this plan ready, and if something happens, they are protected, and and you don't know tomorrow, something can happen. And so when you have this plan, you are fully protected.

SPEAKER_00 16:47

Okay, we have a question. Say hi to Josue.

SPEAKER_02 16:51

Oh, Jose.

SPEAKER_00 16:52

He's asking, What if my pet die? What will happen to my assets and money? Can I leave a condition to be uh donate?

SPEAKER_02 17:01

Yes, so the trust always includes a residuary kind of I hate that word's so weird, residue. The like I kind of always think of a drain, everything at the end. So we always include residuary provisions in the trust that if any of all the things you wanted are are gone, the bat the last plan. So what we recommend with a pet trust or any trust is either to name the final beneficiaries, and for the pet, you can say, if there's no pet, I want the money to go to the animal charity, the humane society, um, any kind of animal shelter. So exactly. I would encourage you to say if there's no pets when I die, the money I set aside for the pet, send it to the animal shelter.

SPEAKER_00 17:43

Okay. Josue is also asking, uh, or any other conditions. I would rather leave my assets to my pet son for his loyalty and love.

SPEAKER_02 17:53

Yes, a lot of times the pet is better than people. Um, you can't give the pet money because the pet can't own money, but you can name a guardian, you can name a trustee, and then the money can be used to care for the pet.

SPEAKER_00 18:08

So exactly. It's like we have with us. Then we have other pregunta. Say hi to Kim.

SPEAKER_01 18:59

Hi, Kim.

SPEAKER_00 19:00

Can your office assist with mobile notary? Can my parents create and sign a living trust without leaving their home?

SPEAKER_02 19:10

Yes. We have third-party mobile notaries that we can set up for you and you'll pay them directly. So traditionally, we do not go to your house or leave the office to execute the plan, but there are plenty of wonderful mobile notaries that will go to you and you can execute your plan. We actually just had one executed last week in the hospital. So I encourage you to do it before it escalates to that situation where you can't come to the office. But if you're in the situation where you can't come to the office, a mobile notary can come to you and you'll pay them directly.

SPEAKER_00 19:44

Okay, and so Kim preguntó si we have service of notarious mobile, what we can do when the person at the officer. What shall I do if I don't have the magic words in my house, Did?

SPEAKER_02 20:15

Call a lawyer, you can call us if you're in Georgia and fix it. Add those words if you would like the house to go to the survivor 100% without court when you die, we can add those words and do a new deed. Um, it's gonna end up in probate. So fix the deed. And usually when we talk to people, you know, we can do the quick fix of adding the six words, or you can do a whole plan and have a trust. A trust has a lot of backup plans. So say both of you die at the same time or within 30 days of each other, the house is gonna end up in probate. So the trust will always keep the house out of probate and it'll go to the backup plan. And like I said, it has a residuary provision that if everybody's gone, this is where I want the house to go. So the trust always has a plan. And if your house is titled in a trust, it's gonna stay out of court and your trustee will follow the plan.

SPEAKER_00 21:10

The question was what we should say or what we do when the palabras magic of the joint tenant with right of survivorship not in the title of the casa. If you and your parents around vivos, you immediately put these. In case lastimosamente your parents, then llamas, but for sure in mind that we're gonna get the process of such a queue passing this 50% of your pareja to Daniel.

unknown 21:53

Hi, Daniel.

SPEAKER_00 22:00

Que dejé. Ok, voy a responder primero en español. Sí no preguntas. Sí, sí, hay. Tú puedes dejar tanto de definido el cuidador o el guardián de tu mascota, también puedes definir that el administrador sea también supervisor, o puedes elegir un supervisor extra para eso. Entonces, ese supervisor or this administrator, depending on how they eligible, the guardian is cumpliendo with all these instructions. In caso de que no se stay cumpliendo, in the initial process contract, he va a tener to empower a regirse for those instructions that you want to answer in English? The question was there is someone that can supervise if my guardian is taking care of my pet under the instructions I left.

SPEAKER_02 23:06

Yeah, you were right. You can name a trust protector or a supervisor of the trust to make sure that the guardian is doing their job. And we encourage you to name backups. So the trustee can kick out the bad guardian and put a new guardian in. And usually when in the pet trust, it says that if the if the guardian isn't doing it, the trustee can kick out the guardian and find a new one.

SPEAKER_00 23:28

Okay, we have another question. What if I have a rental property? I want to protect them too.

SPEAKER_02 23:35

Okay, who asked that question?

SPEAKER_00 23:37

Uh I think it's Amanda.

SPEAKER_02 23:38

Amanda, good question. Yes. So we love to handle the rental properties and clean you up. It's bad if you have a rental property in your personal name. That is not good. Because if the renter has a claim, they're gonna sue you personally, everything in your pockets, everything in your bank account, everything in your trust will be exposed to the renter's claim. And you drive around, you see all these billboards, get hurt, get a check. So you know it's happening. So don't have a rental house in your name. I would encourage you to put it into an LLC. Now, if there's a mortgage on the property, you need the bank's permission before we transfer it to the LLC. Sometimes the bank says yes, sometimes the bank says no. So number two, bank permission is mortgage. If you don't have a mortgage or the bank says yes, we can assign the rental home LLC to your trust. And that gives you asset protection for the LLC, and then it avoids probate. So if you pass away or if you're incapacitated or deported, you're unavailable, your LLC will pass to whoever you name according to your rules. And we'll do it in Espanyol, Amanda, if you don't mind.

SPEAKER_00 24:50

Okay. Amanda preguntaba, what create or form a LLC, which is a society in which you have your propied a.

SPEAKER_02 26:17

Okay. There's a lot of pollen out there, people.

SPEAKER_00 26:20

Okay, another question. How many trusts do I need if I have multiple businesses?

SPEAKER_02 26:28

You really only need one, I think. I mean, every situation is different, but generally I only make one. It's either an individual trust or a joint trust, and then we assign all your LLCs to the trust. So if you have a painting business and a computer business, whatever businesses you have, those can stay in the LLC or the ink. But the LLC is usually the what we deal with for small business. The small business will stay in the LLC and we it we make the trust an owner or member of the LLC, and then we assign it to the trust. So one really, but every situation's different. There might be a reason to do more, but really one.

SPEAKER_00 27:10

Okay, Amanda preguntó quantos fideicomisos necessito si have much negocios or various negocios. In reality, one LLC would be assigned a fideic commiso.

SPEAKER_02 27:44

Good question, Amanda. Thank you for joining us. You're asking exact questions. Good. Um we can tour around the office a little more. Um so after you finish your plan, we usually stand here and do a photo because people are very happy and relieved. So this is our photo wall, and we kind of have our little thing that your firma, which can be the lawyer or your signature, your legacy is now secure. So once you do the plan, you feel good. You feel really good.

SPEAKER_00 28:14

Okay, new question Can I leave my house to my children? But if my husband and his pets outlay outlive me, I want them to be able to reside in that same house. Is that possible?

SPEAKER_02 28:27

Yes. So I love these questions, and when people tell us these desires, we can give them the legal tools to implement it. So for this question, the solution is called a right of occupancy. We can set up a right of occupancy within your trust so that whoever you name, your children, the husband, the pets can have a right to reside in the property, but they're not the dueno. They're not the owner, so they can't sell, they can't rent out the space, they don't have certain rights, but they can live there. So we can go through that and particularize it for your family. But yes, we use a right of occupancy in the trust, and then when that person's gone or they leave or they move, then the dueño or the owner will take over, according to your wishes.

SPEAKER_00 29:12

The question was my casa to my higher, but with the condition that if my mascotas around viven, ellos residential or vivid in the casa, if it's possible.

SPEAKER_02 29:57

Perfect.

SPEAKER_00 29:58

Uh, we have another question. So essentially a trust is better than a will.

SPEAKER_02 30:04

Yes. And usually I'll just throw out numbers. Like some a lot of lawyers will charge a thousand or fifteen hundred dollars for a will, and the base price for a trust, for an individual trust in our office right now is$3,500. So it's not a huge difference in price. But the will, if I write in my will, when I die, Daniel's getting my house. Daniel's like, yay, she's gone, I'm getting the house. No, Daniel's going to court to change the title so that he can get the house. It doesn't just automatically pass. However, if I had made a trust and put in my trust when I pass away, give my house to Daniel, the trustee can transfer the house to the beneficiary, Daniel, without going to court. So, yes, in my opinion, I feel like a will, hiring a lawyer to do a will is a little bit of a waste of money, in my opinion. Might as well pay a little bit more and you completely stay out of probate court.

SPEAKER_00 31:02

The question was essentially a fiddle is more than a testament. And the response is definitively. With a testament, you can make a guy of how your bills are distributed at the moment of your fallecimiento. But this signifies that your beneficiaries or your hereditary will go to court at the process of succession for that effective testament.

SPEAKER_02 31:54

Exactly. Great question. I love that question. And the lady I was talking about earlier that came in with the deed, she had a will. The will wasn't helping her in this situation. If the house had been in a trust, there would completely be no problem. And if we don't answer them or anything, you can always call in and have a one-on-one with us, and we'll answer them.

SPEAKER_00 32:43

Okay, can you remember our telephone number, please?

SPEAKER_02 32:46

Yes, 678-395795. And you can go on our website, it's Norcrosslawfirm.com, or I think on our TikTok profile, you can reach us through email. You can call us. We also have WhatsApp. Um, that's on the website too. There's a WhatsApp button. You can WhatsApp us. And all the all the calls and all the texting is uh free and confidential. So you can talk directly with the team. And then what we really love you to do is come to the office and meet with me. We can speak Spanish, we can speak Vietnamese, we can speak English, whatever you want that makes you feel more comfortable. And let's sit down and make your plan.

SPEAKER_00 33:32

Okay, another one. So when I put my house in my trust, how does that work? How can I do it?

SPEAKER_02 33:39

We do it all for you here, but that's the most important part. So say you write up a trust and you have it, it's paper, it's not doing anything. The power of the trust is titling your assets in the name of the trust. So what we do in this office is we don't only write up the trust, we do the deed preparation. We title your house in the name of the trust. And that's how it has the power.

SPEAKER_00 34:03

Okay, so the pregunta was when you put my casa in the FIDE commiso, how function? When you're at the officer, we have all the plan of FIDE commitment, you firm the documents. We have another one. How much is the living trust?

SPEAKER_02 34:55

Our base price right now for an individual trust, and that includes the trust, the will, the power of attorney, the health care directions, and one deed is$3,500. That's our price right now.

SPEAKER_00 35:08

Okay. Oh yeah. Yes, because it's time. Uh-huh. So next question is when making a living trust, what information will be public?

SPEAKER_02 35:58

Just the name of the trust on the deed. And so we help you name your trust. You can name it anything you want, as like it doesn't have to have the word trust in it. It doesn't have to have your name in it. So we've had, you know, the Diamond Family Trust. And then the name of the trust technically includes the date that you sign it. So to answer your question, the trust is private. It's not filed with the government, it's not filed with the court, it's private, which is amazing. The only thing that's public is the title, the deed. The deed will be filed with the name of your trust. But we can name it anything you want.

SPEAKER_00 36:33

Okay, the question was when we have a fideic commiso, what information is public? Unicode the title of the property or properties. Not much.

SPEAKER_02 37:17

Great question. Yes. Our trust in this office cover everything. It covers your death, incapacity, and deportation. So we plan for everything when your family would need to step in and protect your estate, your property.

SPEAKER_00 37:31

So yes.

SPEAKER_02 37:31

Great question.

SPEAKER_00 37:32

Okay, la ultima pregunta fue si el Fidecomiso include un plan in case of incapacidad or deportación, or si is a different process. No, nuestra oficina ofrece a plan supremamente completo in el que incluse those events of the video that would succeed. Bye, Covas. Muchas gracias a todos por atender el live del día de hoy. Y nos volvemos a ver el próximo miércoles a las 12. Gracias.