Many different things go through a person's mind when they are trying to devise an estate plan. These things include who is going to get what and how they want to make the transfers. There are a lot of things that go into an estate plan that can discourage family...
Bay Area Estate And Tax Planning Law Firm
Month: March 2018
Can I amend a trust, and is doing so a simple matter?
It is no surprise that individuals, couples and families in California and nationally find a compelling utility in trusts from an estate-planning perspective. They are impressively flexible legal tools that can be creatively tailored to promote diverse goals. We note...
Long-time IRS overseas compliance program rapidly ticking down
Americans residing abroad or living domestically with overseas financial holdings have been a collectively peeved bunch for years in their dealings with the U.S. Internal Revenue Service. Legions of them have been notably put out -- and rendered fearful -- by agency...
When an estate has no assets or is underwater
It is an optimal case for estate administrators and heirs, of course, when a wealth creator passes while leaving behind significant assets that are well protected and in a smartly crafted estate plan. That ideal scenario allows for inheritances and a related passage...
Why do families hesitate to act concerning special needs trusts?
In response to today's above-posed headline query, the answers are many.Some parents or other loving caregivers feel stymied in their efforts to make long-term plans for children with special needs owing to what a recent media focus on the matter terms "interpersonal...
Changing a will not enough to avoid probate in California
When you consider how many people with significant estates die each year in California without a will, you may think you are well ahead of the curve just by having a will in place. In the grand scheme of things, this is true. You certainly are better off having a will...