Bay Area Estate And Tax Planning Law Firm
When creating a trust in California, one of the first things you will need to do is fund it. In other words, you need to ensure that it can sustain itself once you've transferred ownership. There are several ways to do this depending on your goals, but the common...
If you're adopting or having a child in California, guiding them through their early years will help them become responsible adults. However, focusing on raising them should also be combined with a few other elements. Planning for the unexpected can help ensure your...
A grantor trust can be an invaluable tool to use when estate planning in California. Here's what you need to know about it. What is a grantor trust? A grantor trust is an irrevocable trust, where the grantor (or person who creates the trust) can put assets into the...
Writing a comprehensive estate plan could help beneficiaries experience less difficulty in a California probate court. Of course, there are other elements to estate plans that do not involve a will or trust, and those documents often require careful thought and...
If you are a high-net-worth individual in California, you must strategize on how to preserve your assets with optimal tax advantage outcomes for you and your loved ones. Here's a short guide on how to do so. Start by establishing a trust A trust is a legal arrangement...
After writing a will, one of the next steps is to name the executor of an estate in California. This person is placed in a high position of trust and assigned a list of sole responsibilities to fulfill. The estate executor has a good number of tasks that starts with...
You've heard it said that we can't "take it with us" when we pass away. This means we'll likely leave behind lots of documents, financial obligations, or possessions for loved ones to take care of when we die. When you assign someone in your family to take care of...
Although many Californians tend to put it off, estate planning is one of the most important things you need to do during your lifetime. This task is even more crucial as you get older. As most people are inexperienced with the process, they can easily make mistakes....
In California, estate planning is an important process that ensures your loved ones are taken care of after you die. However, it can be difficult to talk about estate planning with your children. To make things easier for everyone, you can consider the following....
Individuals beginning the estate planning process in California may have heard about a component called an irrevocable life insurance trust but may not know what it entails. This can help you leave your wealth to your heirs, but is it right for you? What is an...