Bay Area Estate And Tax Planning Law Firm
A life insurance trust could be essential to a California estate plan. When someone purchases a life insurance policy, they likely hope the payout will help the beneficiaries deal with financial concerns after losing a supportive loved one. However, tax implications...
Californians use a variety of financial advisors in an effort to leverage their money and limit their liabilities. Resources range from online and print publications to accountants and estate planning attorneys. However, not all financial advisors are looking out for...
When you're caring for someone who has special needs in California, it's rarely easy to form a financial plan that extends too far into the future. Most of the time, just keeping up with the day-to-day expenses is a significant accomplishment. But if you're able to...
Fiduciary duty refers to the duty of one party to act in the best interests of another. The main fiduciary duty is the duty of care, which requires fiduciaries to exercise reasonable care and skill when making decisions on behalf of others. There are other fiduciary...
Estate planning allows you to take care of your assets and beneficiaries in California. Some people want part or all of what they leave behind to go to charities. If you plan on donating a considerable amount of money to charity, it's good to know about charitable...
There are a great many estate administration issues that can come up during the initial exam in California. These are issues that can result in a tedious and costly process of probate. One of them can be your failure to resolve issues such as mortgage payments, condo...
Creating an estate plan can help California residents to prepare their estates for the future and protect their beneficiaries. However, it’s important not to make these mistakes when updating your estate plan documents. Forgetting to review your will A huge mistake...
If you are a high-net-worth individual in California, you must strategize on how to preserve your assets with optimal tax advantage outcomes for you and your loved ones. Here's a short guide on how to do so. Start by establishing a trust A trust is a legal arrangement...
After writing a will, one of the next steps is to name the executor of an estate in California. This person is placed in a high position of trust and assigned a list of sole responsibilities to fulfill. The estate executor has a good number of tasks that starts with...
Although many Californians tend to put it off, estate planning is one of the most important things you need to do during your lifetime. This task is even more crucial as you get older. As most people are inexperienced with the process, they can easily make mistakes....