Discover how a pet trust can allow you to care for your pet even after your death. Learn about the legal aspects of these trusts. A pet becomes part of the family, and as such, most people want to ensure their pet receives the proper care even when they are no longer...
Bay Area Estate And Tax Planning Law Firm
Month: May 2021
Why a will is not enough protection
Californians who opt for a will and only a will are limiting their estate planning options and taking risks with precious assets. Many people in California draw up a will because they want their property and other assets to go to specific people or groups when they...
What’s the best way to choose a power of attorney?
Have you been thinking about starting the process of estate planning? You may want to consider choosing a power of attorney who can make decisions on your behalf. Here's what you need to know about finding the perfect POA. When you're ready to start the process of...
What to think about when drafting a durable power of attorney
This article looks at what a durable power of attorney is, why it matters, and how to appoint an agent. Most people hope that they will be able to live a long and healthy life while being in complete possession of their mental faculties right up to the end....
US Supreme Court decision could impact estate planning
The Supreme Court’s decision in Clark V. Rameker holding that inherited IRA funds are not exempt in bankruptcy could impact estate planning decisions. In June 2014, the U.S. Supreme Court issued a decision in Clark V. Rameker, a case dealing with whether funds in an...
Tips for ensuring that your estate plan won’t cause family squabbles
It's possible to make a will that reduces the likelihood of inter-family fighting. The death of a loved one, be it a parent, sibling, spouse or another family member, is a difficult time. You're dealing with your grief and trying to settle all the matters associated...
The importance of proper business succession planning
Believe it or not, having a business succession plan can be vital for your company's success. Benjamin Franklin once famously said, "In this world nothing can be said to be certain, except death and taxes." If you are a business owner, then you already have experience...
The importance of including digital assets in your estate plan
Digital assets can be a very valuable part of a person's estate. It is important, when considering estate planning, to carefully think about personal assets and treasured items like real estate, vehicles, heirlooms/mementos, pets, housewares, antiques, collections and...
The duties of estate executors in California
Those named as estate executors in California bear the responsibility of handling decedents’ assets and settling their estates. The loss of a loved one, expected or unexpected, may be a sad and trying experience for those left behind. This difficult time may be made...
The basic legal concepts in a California will contest
On behalf of Connie Yi California statute provides for a legal action contesting the validity of a will. One of the most difficult family situations is the disagreement over whether a will of a deceased loved one is valid. Such an issue can have significant economic...