Regular readers of our blogs in the Bay Area and across California know that we strongly endorse the clear utility of tailored and well-drafted trusts at the Pleasanton Law Offices of Connie Yi. We note on our established firm’s website that, “Trusts can...
Bay Area Estate And Tax Planning Law Firm
Month: September 2019
Choosing a guardian? Ask these questions
The most important thing you do with your estate plan, many would argue, is to pick a guardian for your children.After all, they're worth more to you than anything you own. Yes, you want things to go smoothly in a financial sense. You want your assets to get passed on...
Let’s see now, which child should I pick to administer the estate?
Michelle Herting is a California business adviser and writer on estate planning topics. She makes two quick child-centric points in a recently penned article that are relevant to the planning process. We note them immediately below for readers.The first is this: A...
When does it morph from tax avoidance to tax evasion?
One is lawful. The other can yield a lengthy prison term and financial penalties of a staggering degree. The former is part of a strategy that is both recommended and implemented by proven estate planning attorneys. The latter is a flat taboo that none of those...
Trusts vs. wills: typically not a one-or-the-other proposition
We’ll get straight to the point regarding subject matter that we introduced in our immediately preceding blog post (please see our September 6 entry).That point is this: In the estate planning realm, wills and trusts play distinctive roles that, while different,...
Wills and trusts complementary, not at cross-purposes
So, what’s it going to be, a will or a trust?Or maybe both. Financial writer and researcher Bob Carlson recently wrote an article for Forbes on that specific question.His bottom line is this: Both of those tools are centrally important in estate planning and...