Bay Area Estate And Tax Planning Law Firm
A life insurance trust could be essential to a California estate plan. When someone purchases a life insurance policy, they likely hope the payout will help the beneficiaries deal with financial concerns after losing a supportive loved one. However, tax implications...
One of the most crucial decisions in California estate planning is designating a Power of Attorney (POA) to handle your medical, legal and financial affairs. You’ll want to choose someone with experience in these fields or the necessary qualities to handle...
Californians use a variety of financial advisors in an effort to leverage their money and limit their liabilities. Resources range from online and print publications to accountants and estate planning attorneys. However, not all financial advisors are looking out for...
When you're caring for someone who has special needs in California, it's rarely easy to form a financial plan that extends too far into the future. Most of the time, just keeping up with the day-to-day expenses is a significant accomplishment. But if you're able to...
Fiduciary duty refers to the duty of one party to act in the best interests of another. The main fiduciary duty is the duty of care, which requires fiduciaries to exercise reasonable care and skill when making decisions on behalf of others. There are other fiduciary...
There are many things to consider when estate planning. One of the most important is who will receive your assets after you die. Unfortunately, many people make mistakes when choosing their beneficiaries, leading to estate litigation and other problems. Not updating...
Estate planning allows you to take care of your assets and beneficiaries in California. Some people want part or all of what they leave behind to go to charities. If you plan on donating a considerable amount of money to charity, it's good to know about charitable...
Anyone with a family, a bank account, pets, social media accounts or assets may want to create an estate plan. Dying without a plan in place results in the state determining what happens to your assets. For example, according to intestacy laws, California would...
There are a great many estate administration issues that can come up during the initial exam in California. These are issues that can result in a tedious and costly process of probate. One of them can be your failure to resolve issues such as mortgage payments, condo...
Many California residents might not be familiar with the term “fiduciary duty,” but it may or may not apply to their everyday life. In short, fiduciary duty refers to the relationship between a fiduciary – such as an employer or lawyer – and the principal slash...