“Significant changes.”Those are the words we use on our website at the Bay Area Law Offices of Connie Yi to signify -- and underscore -- the impact that a second or subsequent marriage will likely have on an individual’s estate plan. The bottom line...
Month: March 2020
Business succession key component of some estate plans
Readers of our blogs at the Bay Area estate planning Law Offices of Connie Yi know well a mantra that we periodically reinforce for both valued clients and individuals thinking about crafting a tailored plan.That is this: The universe of estate planning embraces far...
Promoting client goals through integrated estate and tax planning
Many individuals spanning broad and diverse pockets of Northern California are the founders and operators of successful businesses. A fair number of those enterprises have an international nexus, through production, investment or other ways.We note on our website at...
The ongoing, evolving legal response to the present health challenge
Things are certainly not normal for California residents and all other Americans (indeed, all global citizens) currently. We unquestionably face a stark and unprecedented challenge from the COVID-19 viral pandemic.Concededly, the nature and spread of that nemesis is...
Building a strong will to protect your legacy
Creating a strong will and estate plan is one of the strongest ways a person can establish a legacy to leave behind them. However, as any estate planning professional will tell you, simply crafting a will or estate plan is not always enough to protect one's wishes for...
The complementary – not dueling – nature of wills and trusts
Does it have to be one or the other?In the universe of estate planning and administration, that is a question many individuals, couples and families ask themselves when they consider wills and trusts. Because, indeed, many industry commentators and self-professed...
Are there concerns for a planner who splits time between two states?
In considering the above-posed headline query for today’s blog post, let’s substitute the word “concerns” with the less alarming phrase “some things to think about.”Because the bottom line is this: Legions of Americans –...
Spotlighting “triggers” that can inspire estate planning, creation
It’s akin to the two sides of a coin.On the one hand, turning toward necessary planning regarding an individual or family estate “may feel daunting, time-consuming and/or expensive.” On the other hand, though, foregoing proactivity and simply giving...
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Even a fortune can disappear without sound estate planning
Some figures baffle.Like the speed of light. Like the age and size of the universe. And like estimates pegging the personal fortunes of America's richest families.Consider this imagery relevant to the storied Vanderbilt family for a moment: a pile of money equaling...
Broad, measured thinking out of the box promotes sound estate planning
"You own this." Those words might sound frightening to a would-be California estate planner, but they are actually meant to promote a feeling of empowerment rather than intimidation. It is no secret that legions of...
Remarrying couples unquestionably need to focus on estate planning
Many remarrying California individuals fail to timely consider and update existing estate plans to reflect new realities.Don't be one of them. Many remarrying California individuals fail to timely consider and update existing estate plans to reflect new...
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