Law Offices of Connie Yi, PC
California
Estate Planning
& Tax Law
Toll Free: 888-312-6978
Website Navigation Menu

Bay Area Estates and Tax Law Blog

3 things to do to minimize probate battles after you die

Now that your children are adults, you might expect that they would be able to handle dividing up your things and taking care of your final arrangements without a lot of conflict. This might not be the case, even if your adult children get along. Money and assets are often the sources of contention when adult children handle their parent's estate. You can take steps now to minimize the chance of a battle over your estate occurring when you die.

Family costs for mom and dad: often exceeding outlays for kids

A writer and advocate for the elderly notes what he describes as a stark dichotomy regarding the financial outlays made by legions of families across the United States for different purposes.

Those dual purposes: child-rearing up to the age of 17 and providing care for aging parents, respectively.

When dad's 100 and still hasn't transferred assets

Seminars in California locales and elsewhere in the United States occasionally pop up to address centenarians and estate planning.

We reference the impressive "100" number in today's post headline. In doing so, we implicitly acknowledge the number of ever growing entrants on the list of America's oldest people, as well as the implications their age can easily have on family estate planning.

Big winner in Prince's estate outcome: the IRS

A commentator in a news article from earlier this week discussing the convoluted estate of pop legend Prince -- it's probably unobjectionable to anyone to simply call the Purple One's estate a mess -- notes that there are essentially three entities involved in many estate matters. Namely, those are family and close acquaintances, charitable organizations and government tax authorities, respectively.

Guess which one prevailed big time once the smoke finally cleared regarding the details of the famed performer's estate?

Spotlighting an integrated approach to estate planning

When it comes to effective estate planning, should the bottom line be predominantly focused on maximizing or minimizing?

Many readers of our blog likely know that the answer to that query is going to be anything but absolute, given all the ifs, buts and maybes prevalent in the legal universe.

Do you trust the person who has your power of attorney?

A power of attorney is a legal document that authorizes someone to act on your behalf, and it's considered an essential tool of modern estate planning.

The intention behind a POA is to give someone the ability to take over handling your affairs when you are unable to do so. The vast majority of the time, POAs are used when someone is ill or incapacitated in some way. For example, if you have severe mobility issues, it may be difficult for you to handle a task like your banking in person. If you give a trusted relative your POA, he or she can do that on your behalf. If you ever become a victim of dementia, a POA can save you from being defrauded or making your own serious financial errors.

If you have offshore accounts, you might want to read this

Some California readers of our estate planning and litigation blog (with occasional entries addressing offshore-related accounts and taxpayer/IRS interactions) might reasonably conjure up the oft-referenced image of an ostrich with its head buried in the sand when perusing a recent Forbes tax-focused article.

That article -- which is obviously timely and closely relevant for select filers, given the rapid approach of the filing season for 2016 taxes -- focuses upon American taxpayers holding some portion of their wealth in foreign banks or other institutions offshore.

Contact Us Now to begin your initial consultation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

FindLaw Network

Office Locations

Law Offices of Connie Yi, PC
490 Post Street, Suite 508
San Francisco, CA 94102
Phone: 415-433-3350
Toll Free: 888-312-6978
Map and Directions

Additional Office Locations:
Pleasanton
323 Ray Street
Pleasanton, CA 94566
Phone: 925-484-0888 
Pleasanton Law Office Map

San Mateo
1900 S. Norfolk Street, Suite 350
San Mateo, CA 94403
Phone: 415-433-3350
Map and Directions

Sunnyvale
1250 Oakmead Pkwy, Suite 210 
Sunnyvale, CA 94085 
Phone: 888-312-6978 
Map and Directions