When you start the process of estate planning, your main goals may include avoiding probate, protecting generational wealth, and ensuring that your spouse, children, or other family members are cared for in your absence. You might also consider legal options like wills and trusts, along with directives for healthcare, guardianship,...
Category: Estate Tax & Gift
Estate Planning Considerations for Tax Season
Tax season can be stressful, particularly if you have a complex financial situation. And when you’re going through the monotony of filing taxes, the last thing you want is to complicate things by diving into estate planning, too.
However, as many attorneys and financial experts will tell you,...
Estate Tax Laws in CA — See How They Affect You
Considering the potential impact of taxes on your beneficiaries is essential in the estate planning process, but California residents, in particular, may be confused about how estate tax laws will impact the inheritance they wish to pass on.
Consultation with an attorney who specializes in estate planning will clarify...
Matters to Review When Gifting to Grandchildren for Graduation
What You Need to Know About the Bernie Sanders Estate Tax Bill
How Can the Portability of the Estate Tax Exemption Impact You?
Using a 529 Savings Plan in Your Estate Plan
How Should Your Estate Plan Change in Response to Trump’s Tax Plan?
President Trump and the GOP have unveiled a potential tax reform plan that could impact your estate plan. Any Californian with an estate plan in place, or those who have put off estate planning, should take the time now to fortify their estate plan in the face of potential tax changes....
Proving The Old Adage Right
“In this world nothing can be said to be certain, except death and taxes.” -Benjamin Franklin
Truer words have never been spoken, and it is the intersection of these two certainties that leads to many a headache and oftentimes heartache. Working with an experienced attorney can help ensure that all the taxes...
Living In A Tax Deduction
You have probably heard about how Hugh Hefner sold the Playboy Mansion but retained the right to live there until he dies. And you might have read that Zsa Zsa Gabor did something similar since to her famous estate, leaving her (ninth) husband, Frédéric Prinz von Anhalt, homeless when she died. But...