What Is an Advance Directive?

Did you know that there is much more to estate planning than wills and planning for death? Estate planning also involves planning for the unforeseeable and unpredictable things life can throw our way. For instance, it involves planning for incapacitation. No one is immune from the unpredictable and planning for incapacitation can not only bring…

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Homestead Exemption

t is always an unexpected pleasure when amendments to government statutes provide benefits instead of increased costs. Fortunately, as of January 1, 2021, this has happened relative to homestead exemptions in California. The plan used previously has been replaced by a more sensible one with several advantages to homeowners. Nonetheless, as is typically the case,…

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estate planning for SECURE Act

What Is the SECURE Act?

This year, a very important piece of legislation was signed into law. The Setting Every Community Up for Retirement Enhancement Act of 2019 (the SECURE Act) was passed by the House of Representatives in July of 2019. It was later approved by the Senate in December of the same year as part of a year-end…

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529 savings plan

Using a 529 Savings Plan in Your Estate Plan

Have you ever heard of a 529 savings plan? If so, you probably heard that it can be a great way to save for a child’s or a grandchild’s educational expenses. The name for this tax-advantaged investment vehicle comes from the Internal Revenue Code section that authorizes them. 529 savings plan provides a way for…

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What Is an ABLE Account?

Do you have a loved one with special needs? If so, you may be worried about how to provide for them. You see, leaving or giving money to a person with special needs can be complicated. This is mainly due to the fact that many special needs individuals rely on the continued receipt of government…

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Legal Grounds for Contesting a Will

After the passing of a loved one, there may be people that are surprised, disheartened, or outright angry about the contents of his or her will. Please know that a will cannot be challenged or contested solely on the grounds that a person does not like or agree with its terms. Emotions can run high…

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