Bay Area Estate And Tax Planning Law Firm
Individual retirement accounts allow people to put money aside for their golden years and reduce their tax bills. When an IRA account holder dies before reaching retirement in most states, the money in the account will pass to the beneficiary they have designated even...
There are several types of trusts, each with a unique purpose. However, there are some general circumstances for California families in which establishing a trust may be the best option. If any of the following situations apply to you, you may want to consider...
A lot of responsibility goes into being the executor of a California estate. Oftentimes, it can be hard to decipher what all goes into being an executor - people rarely do it twice. What are fiduciary duties? Fiduciary duties are responsibilities that are passed on...
California estate planning usually starts with you creating a will that establishes what each beneficiary will receive from your estate as their inheritance. Wills help families avoid the confusion, anger and hurt feelings that might otherwise arise. An income-earning...
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...