A recent Forbes financial article stresses that financial planning “can become intricate and emotionally fraught for high-net-worth families that have a lot at stake.”We have underscored that important point in many of our prior blog posts at the Bay Area...
Bay Area Estate And Tax Planning Law Firm
Month: July 2019
The revocable trust: controlled, flexible and private
Many people in the estate planning world will eagerly offer arguments opposing a writer’s stated view that a revocable trust “is essentially a will replacement.”That author -- an industry insider – makes a number of cogent arguments to advance...
Do you need to pay taxes if your parent lived in another state?
When your remaining parent passes away, you know things are bound to get complicated. They have a significant amount of wealth that all has to get passed on to the next generation. It's going to take time and effort to sort it all out, even though you know they have...
What does dive down into charitable contributions reveal?
The numbers are now in, and they paint “a pretty stark picture.” So says a principal with Giving USA, a decades-old foundation that provides routinely relied-upon data relevant to charitable giving across the United States. What Giving USA’s vice chair Laura MacDonald...
Are you tempted by do-it-yourself estate planning?
Legions of people in California and nationally routinely sidestep contacts to professionals in lieu of trying to accomplish a particular goal on their own. Examples of that can be quickly supplied, and across a broad front. Some individuals put "for sale by owner"...
What are key planning concerns for some aging LGBTQ couples?
Legions of LGBTQ individuals across California and nationally have estate planning concerns that are no different from those on the minds of their “straight” friends, family members and acquaintances.Planners everywhere and from every demographic typically...