"I didn't want to rob my kids of their own character."So says a dad who found that extreme wealth wasn't the proverbial peaches and cream that many Americans envision it to be. That father instead had concerns and misgivings about his family's fortune after he sold a...
Bay Area Estate And Tax Planning Law Firm
Month: October 2016
Spotlight on Medicaid: a fundamentally important point to note
Obviously, there is a veritable basket of concerns related to the long-term health care needs of a California family in a given case.Will a loved one need to go to a nursing home for what will likely be a lengthy period? If so, is the day of admittance fast...
Lack of estate planning can yield unintended consequences
Here's an estate administration outcome that will certainly grab the attention of many individuals in California and across the country.To wit: An individual -- a dad, say -- takes out a hefty life insurance policy that names his wife as beneficiary. He derives...
Eye on your relatives: Nobody would challenge your will, right?
Here's an exercise you might reasonably wish to engage in as you're sitting comfortably in your favorite chair and making some notes regarding the ultimate administration of your estate.To wit: Make a list of all the relatives and loved ones who you likely figure will...
About that lakeshore cabin: Should we keep it in the family?
Perhaps your family members have been the proud and happy possessors of a cabin or similar property somewhere off in the wilds of California (or at least beyond echo's reach of all the siblings' urban-based dwellings) for decades.And perhaps you simply love that...