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Plan today for peace of mind tomorrow. DECEMBER 2023
A HOLIDAY TRADITION WORTH EMBRACING THE GIFT OF ESTATE PLANNING
As we approach the holiday season, our hearts are filled with warmth, joy, and the anticipation of giving and receiving gifts. The holidays are a time when we express our love and appreciation for our family and friends through the exchange of thoughtful presents. However, one gift is often overlooked, yet it is among the most valuable and enduring gifts we can offer to our loved ones — the gift of a well-planned estate. Last year, while we were helping a client secure her family’s future, we provided her with a probate pamphlet to help her understand the intricacies of probate fees and their potential impact. We believed it would be a helpful resource in her estate planning process. Grateful, she accepted it and then did something that caught us off guard — she asked for two more. When we asked her why she wanted additional copies, she shared a heartwarming story.
Imagine sitting down with your family during the holidays and sharing the news that you have completed your estate plan. It’s a moment to say, “Hey, guess what I got done!” This message not only conveys your commitment to ensuring their future well-being but also offers them a priceless gift — the gift of clarity, security, and protection. The benefits of estate planning extend far beyond the financial realm. It grants your loved ones the peace of mind that their future is secure and their needs will be met, even after your passing. It eliminates the stress, uncertainty, and potential disputes that can often arise when some individuals do not have a clear plan in place.
This holiday season, let’s embrace the peace and security that come with a well-prepared estate plan. And as you gather with your family during the
holidays, take a moment to consider bringing up the topic of estate planning. If you have recently completed your own estate plan, this could be the ideal chance to share your experience and encourage your family members to think about their own plans. Your guidance and openness can inspire others to follow suit, ensuring your family’s legacy and well-being are safeguarded.
Our client had decided to create a special Christmas basket for her children, a gesture filled with love and gratitude. She intended to convey a unique message this year — that her gift to her children was not a physical item but rather the peace of mind and security she had given them by completing her estate plan. Estate planning is often a topic that many families avoid discussing, perhaps because it can be an uncomfortable or challenging conversation. However, it is one of the most loving and considerate discussions we can have with our families, whether it’s with our children, parents, or other individuals in our lives. The holidays, a season of togetherness and reflection, provide the perfect opportunity to broach this crucial conversation.
During this beautiful holiday season, I extend my warmest wishes to you. May it be a time of love, togetherness, and meaningful conversations that strengthen the bonds of family and create a legacy of care and security.
“The benefits of estate planning extend far beyond the financial realm.”
Happy holidays to you and your loved ones! –Andrea Shoup
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The Fall of Airbnb and Short-Term Rentals What Do These Bans Mean for the Housing Market?
Almost everyone has stayed in an Airbnb or at least heard of the global short-term rental company. Since its inception in 2008, Airbnb has offered listings worldwide. The company has been providing budget options and, more recently, high-end lodging for every type of traveler. But the golden age of Airbnb may be over. U.S. cities have recently tightened restrictions on Airbnb hosts and anyone renting short-term accommodations. The reason is that Airbnb listings have caused local rent prices to skyrocket, especially in tourist destinations like New York City.
Cities in California battling inaccessible housing have also released new regulations on Airbnb hosts. Even in San Francisco, where the company originated, hosts must be full-time residents and cannot rent out listings for more than 90 days a year.
Dallas has been the most recent to establish regulations, asserting that all short-term rentals are banned from neighborhoods of single-family homes. Short-term rentals in communities with multifamily dwellings are still allowed but must pay the same taxes and fees as hotels.
How will the housing market be affected?
According to Jorge González-Hermoso, a research associate at the Urban Institute, the Big Apple recently showed more Airbnb listings than actual apartments for rent. More tourists than established owners/renters were living in residential dwellings. Airbnb regulations vary. So, how are cities working toward preserving their communities? By implementing tighter restrictions that severely limit the types of short-term rentals allowed. New York City was one of the first to put what Airbnb called a “de facto ban” on these accommodations. In 2022, the city prohibited owners from renting out a unit for less than 30 days at a time without the host being present in the unit. Andrea Shoup Brings Home the Spirit of the Entrepreneur Award! We are thrilled to share the exciting news that Andrea was recently honored with the prestigious Spirit of the Entrepreneur Award! The Spirit of the Entrepreneur Awards is a distinguished platform that recognizes the resilience and accomplishments of local entrepreneurs who have made significant contributions to the business landscape in the Inland Empire. This year’s annual gala, held on Nov. 15 at the Riverside Convention Center, brought together top entrepreneurs and business leaders to celebrate the spirit of entrepreneurship and announce the deserving award recipients. The candidates for the award are selected by an independent panel of judges made up of previous award winners and other regional business leaders. Judging is based on financial metrics as well as the nominee’s accomplishments, innovative approach, and entrepreneurial spirit. “I’m so honored to not only receive this award but also to be in such an amazing room and to see so many amazing business owners and entrepreneurs, I am humbled to be amongst you all,” said Andrea. “As an entrepreneur, we
As the bans continue to roll out in cities worldwide, many hope this will bring more low-priced properties into the market. While plenty of talk about these changes may encourage real estate investors and homebuyers, the truth is that it might not make a difference. Experts say these short-term rental owners won’t simply start selling their property. Instead, they’ll work around the restrictions and likely transform listings into long-term rentals. Don’t get your hopes up!
know that we can only do so much on our own and it’s our amazing teams that really allow us to do all that we are able to do.”
Andrea went on to state that she founded Shoup Legal on the idea that visiting an attorney’s office should be a pleasant experience, not an uncomfortable one. “I’m so proud to have created that. I work with an amazing team.” Andrea’s dedication, innovative spirit, and commitment to excellence have shaped Shoup Legal and positively impacted our local communities. As we celebrate Andrea’s achievement, we would also like to recognize you, our clients, our friends, and our families for your continued trust in our firm.
Congratulations, Andrea, on bringing home the Spirit of the Entrepreneur Award and embodying the spirit of entrepreneurship!
Plan today for peace
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A Guide to Discussing Estate Planning With Family Home for the Holidays The holidays are here — it’s time for festive family gatherings, holiday movies, and wonderful feasts shared by all. As we mentioned in the cover story, discussing the future and estate planning during this time can be difficult. Still, because it’s often a time when everyone is gathered together for the first time in months (or since last year’s festivities), it’s also a great opportunity to broach the topic.
Skillet Chicken Pot Pie Inspired by TheModernProper.com
Ingredients
• • • • • • • •
1/2 cup butter
• • • •
1 tsp garlic powder
1 cup chopped onion 1 cup sliced celery 2 cups sliced carrots
1 cup milk
2 cups chicken stock
2 cups peas • 4 cups cooked chicken •
1/2 cup flour
1 tsp salt
1 package frozen puff pastry, thawed
1/2 tsp pepper
Here are some tips on how to initiate and navigate a conversation about estate planning during the holiday season. Choose the right moment. Selecting an appropriate moment for this conversation is vital. Avoid high-stress times or when emotions are running high. Opt for a calm, relaxed atmosphere, perhaps after a meal when everyone is settled.
1/2 tsp celery seed
•
1 egg
Directions
1. Heat oven to 425 F. 2. In 12-inch cast-iron skillet over medium heat, melt butter, then add onion, celery, and carrots. Sauté for 5 minutes. 3. Add flour, salt, pepper, celery seed, and garlic powder to pan and stir. Sauté for 2 minutes. Slowly incorporate milk. 4. Add stock and bring to a simmer, whisking until mixture thickens. Add peas and chicken. 5. Roll out pastry sheet into 16-inch square on floured surface. Cut into 3-inch squares and place overlapping onto chicken mixture. 6. In a small bowl, whisk egg with 1 tbsp water. Brush egg over pastry and place in oven for 25 minutes or until golden and bubbling.
Frame it as a positive step. Approach the conversation with a positive tone. Emphasize that estate planning is a responsible and caring way to ensure the well-being of the family in the future. Highlight the peace of mind that comes from having a plan in place. Introduce your own plans. Sharing your own thoughts on estate planning can set the stage for an open discussion. Mention any steps you’ve taken or express your intention to begin the process. This personal touch can make the conversation more relatable and less intimidating. Keep it inclusive. Encourage an inclusive discussion by seeking input from all family members. This not only ensures everyone’s perspectives are considered but also fosters a sense of collaboration and shared responsibility. Address concerns with sensitivity. Acknowledge that discussing matters of inheritance and estate planning can be sensitive. Create an environment where family members feel comfortable expressing their concerns or fears. Be empathetic and listen actively to foster an open dialogue. Discussing estate planning during the holiday season might seem challenging, but it is one of the most loving conversations we can have. By approaching the conversation with care, emphasizing the positive aspects, and keeping the dialogue inclusive, families can collaboratively create a plan that ensures a secure and harmonious future. In the spirit of the season, embracing these discussions can foster a sense of unity and shared responsibility, making it a valuable gift for the entire family.
TAKE A BREAK
e of mind tomorrow.
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Plan today for peace of mind tomorrow. 39755 Date St., Ste. 203 | Murrieta, CA 92563 (951) 445-4114 | www.shouplegal.com
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1 | The Priceless Gift of Peace and Security 2 | Will the Airbnb Crackdown Lead to Affordable Homes? 2 | Andrea Shoup Recognized by Local Entrepreneurs 3 | Discuss Estate Planning With Loved Ones During the Holidays 3 | Skillet Chicken Pot Pie 4 | Give the Gift of Innovation This Christmas Inside This Issue
5 Must-Have Tech Gifts for Christmas 2023
As Christmas shopping gets increasingly hectic, knowing what to get for the tech lovers in your life can feel impossible. New devices and gadgets hit the market daily, and following tech trends might not be part of your daily routine. Fortunately, 2023 has brought some standout innovations anyone would love to unwrap on Christmas Day. Noise Canceling Headphones Considered a modern staple, noise-canceling headphones are the perfect gift for a special someone who needs a break from the chaos and a way to focus. You can find a variety of headphones in different price ranges, so staying within your budget is easier. However, if you want to splurge, Bose Noise Canceling Headphones 700 are an excellent choice with crystal clear sound and over 20 hours of battery life. Smart Alarm Give the gift of a good night’s rest and a peaceful morning! Smart alarms have been a popular gadget this year, with features like white noise sound, artificial sunrises, Bluetooth speakers, and gentle morning wake-up calls. For a sleek design, try the Loftie Clock with its all-black look. For a faux sunrise to fill the room, go for Philips HF3670/60 SmartSleep. Self-Cleaning Water Bottle These days, everyone is carrying around their oversized water bottles. Let your tech-lover be ahead of the curve with a self-cleaning water bottle! These
innovative bottles use UV-C LED technology to sanitize the water and the inside of the bottle regularly. The LARQ Bottle PureVis is a popular choice as it also can keep beverages cold for 24 hours. UV Phone Sanitizer Did you know your smartphone is 10 times dirtier than a toilet seat? This year, grab a UV phone sanitizer for yourself and your loved ones that can remove 99.99% of bacteria. The PhoneSoap Pro can clean your phone and other small items with its sleek design.
Pet Camera With Treat Dispenser Do you know a tech lover who also dreads leaving their furry friend home alone? A pet camera strapped with a nifty treat dispenser might
be their favorite gift of 2023! A small surveillance camera allows pet parents to keep an eye on their fur babies, and Petcube’s Bites 2 also lets them dispense a small treat to keep their pets happy.
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