You love them all equally, right, so doesn’t it simply make sense to treat all your kids the same when it comes to their down-the-road inheritances?That is unquestionably the mindset of legions of estate planners in California and elsewhere and, yes, following...
Bay Area Estate And Tax Planning Law Firm
Month: March 2019
Second spouses, estate plans and potential resentment
When it comes to estate planning, families are complicated. It's not always so simple as Mom and Dad passing away pleasantly in their 90s and leaving the money to their responsible adult children. We all wish things could go so smoothly, but they often don't. And that...
Current IRS focus, role/utility of proven estate planning, tax lawyer
We have stressed in select prior blog posts at the Bay Area estate planning Law Offices of Connie Yi that the U.S. Internal Revenue Service has an unflagging focus on American individuals and families with offshore money holdings. The agency’s interest is both obvious...
Though leaner these days, IRS still packs an investigatory punch
According to one prominent national new source, “the IRS is a shadow of its former self.” If you think that you might reasonably have some serious problems to deal with in the event of an agency audit, does that assessment make you feel any better? We didn’t think so....
Trust creation: It doesn’t have to be complicated
It is notable how select legal tools in various practice areas are sometimes misunderstood or underappreciated by individuals and families that could derive strong benefit from using them.Consider the prenuptial agreement in family law, for example. It is often...