Many people feel justifiably proud -- as well as relieved – following their completion of a sound and comprehensive estate plan.And they should, obviously. Knowing that key life objectives have been promoted through the execution of a tailored and well-crafted...
Bay Area Estate And Tax Planning Law Firm
Month: December 2018
Understanding adult children and sources of conflict
Trying to create a conflict-free estate plan is difficult, and it's not just the plan you have to think about. Sure, it is important to avoid potential conflicts over issues like unequal bequests or the division of sentimental assets, and you need to keep that in mind...
IRS offshore tax program now gone: What has replaced it?
Hope and horror. Those two extremes coexisted in a concededly strange way in the details of a long-tenured Internal Revenue Service program that was just recently terminated.That initiative was termed the Offshore Voluntary Disclosure Program. We occasionally...
A continued look at ABLE and its utility as an estate planning tool
We spotlighted the ABLE program in our previous blog post. We noted in our December 11 entry that this federal government initiative can provide valuable benefits for disabled individuals and their families.ABLE does so by enabling eligible claimants to make...
What is an ABLE account, and might it be relevant for your family?
First of all, let’s get that ABLE acronym straight. The ABLE Act is federal legislation that was passed back in 2014 during the Obama presidential administration. The commonly used shorthand designation does have a formal tag, which is Achieving a Better Life...