Let’s state the obvious regarding the current COVID-19 global health pandemic: It is a dangerous and persistent nemesis that has materially altered the lives of Californians and people spanning the globe.
One trust that can make sense for some high-asset estate planners
It’s called a grantor retained annuity trust. Candidly, it’s not an estate planning tool with universal applicability.
Plan to uphold your child's lifestyle if you pass away
Parents want to protect their children and provide for them as much as possible. The chances are good that you've ensured that your children have the best standard of life possible right now. They are accustomed to this and probably think that it will continue.
Are surviving spouses/heirs on the hook for a decedent’s debts?
Even the estate of a deceased planner who executed a will goes through the process known as probate.
How to account for foreign assets in an estate plan
Here’s an initial point to note concerning today’s above-posed blog headline: You unquestionably do need to spotlight all foreign financial holdings you control and ensure legal compliance with Internal Revenue Service mandates.
