• Skip to primary navigation
  • Skip to main content

Bier Law

Be Informed. Be Prepared. Be Free.

Call Us Today (323) 999-1230
  • Attend a FREE Workshop
    • In-Person Seminar
    • On-Demand Webinar
    • Live Webinar
  • Home
  • WHO WE ARE
    • About Our Firm
    • Attorney and Staff Profiles
    • News and Events
    • About The American Academy
    • Advantages of Working With Our Firm
    • Our Core Values
    • Speaker Connection
  • HOW WE HELP
    • Business Owners & Asset Protection
    • Estate and Gift Tax Figures
    • Incapacity Planning & Caregiver Support
    • IRA & Retirement Planning
    • LGBTQ Estate Planning
    • Minor Children and Young Adult Planning
    • Outdated Estate Planning Documents
    • Pet Planning
    • Powers of Attorney
    • Trust Administration & Probate
    • Remarriage and Blended Family Protection
    • Special Needs Planning
    • Wills and Trusts
  • Workshops
    • In-Person Seminars
    • On-Demand Webinars
    • Live Webinars
      • Estate Planning 101: The Basics
  • Blog
  • Start The Conversation
  • Resources
    • Advance Healthcare Directive Toolkit
    • DocuBank
    • Estate Planning Resources
      • Estate Planning Checkup
      • Estate Planning Definitions
      • Estate Planning Reports
      • Incapacity Planning Definitions
      • Is Your Estate Plan Outdated?
      • Top 10 Estate Planning Techniques
    • Frequently Asked Questions
      • Estate Planning FAQs
      • Legacy Wealth Planning FAQ’s
      • Incapacity Planning FAQs
      • Probate & Trust Administration FAQs
      • LGBTQ Estate Planning FAQs
    • LGBTQ Resources
    • Newsletters
    • Pre Consultation Form
    • Probate & Trust Administration Resources
      • Bereavement Resources
      • How to Know if You Need Extra Help With Your Grieving
      • The Mourner’s Bill of Rights
      • Trust Administration & Probate Definitions
      • Things You Need To Do When a Loved One Passes Away With a Trust
      • Things You Need To Do When a Loved One Passes Away With a Will
    • Special Needs Resources
  • REVIEWS
    • REVIEW US
    • OUR REVIEWS
  • Contact Us
  • Show Search
Hide Search

Yahoo! Finance Article Features Expert Seth Bier

January 16, 2023 by Seth Bier

 

On January 12, 2023, award winning journalist Andrew Lisa published an article on Yahoo! Finance/GoBankingRates that featured multiple quotes from our very own attorney, Seth Bier, titled How To Pass On Your Wealth, According to Experts.

Click here to view article.

Below are Seth’s excerpts:

“Typically, the largest estate costs are associated with probate court,” said Seth Bier, a Los Angeles estate planning attorney and founder of Bier Law. “In California, attorneys and personal representatives are entitled to a statutorily set percentage of the estate. It is known as the 4-3-2-1 fee, and it requires an estate to pay the attorney a minimum of 4% of the first $100,000, 3% of the next $100,000, 2% of the next $800,000 and 1% of the next $9,000,000.”

“Communication is key,” Bier said. “A well-constructed, comprehensive plan can accomplish one’s goals, but if they do not have the often-challenging conversations with their loved ones about their decisions and wishes, they open the door to conflict. They must express their wishes to everyone involved if they want them respected and understood, and these conversations will help avoid conflict and bring a family closer during these difficult emotional times.”

Bier used sentimental memorabilia and family heirlooms as an example. They’re often overlooked but typically cause the most turmoil, even if they have little or no monetary value.

“Fights over family treasures often destroy thoughtful plans and end up in ugly, expensive court battles,” he said.

About Seth Bier

I consider it an honor to help people and their families find peace of mind knowing that no matter what the future brings, their wishes and rights are protected by a legally binding plan.
When you put your trust in me to help you protect the most important, precious things in your life – your wealth, health, and loved ones – your peace of mind becomes my responsibility.

Bier Law

Wills, Trusts & Estate Planning

OFFICE HOURS

By Appointment Only

Map

map
icon icon icon
  • Facebook
  • Instagram
  • LinkedIn

Bier Law

© 2023 · American Academy of Estate Planning Attorneys, Inc. | Disclaimer | Privacy Policy | Sitemap | Contact Us