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...
Trusts are a popular estate planning tool for California residents. They’re known for protecting beneficiaries from estate taxes as well as giving Californians more control over how their wealth is passed down. From the other side of things though, it’s not unheard of...
Estate planning is an important task for people of all ages, including California grandparents. As grandparents, you have the unique opportunity to leave a legacy for your grandchildren and ensure that your assets are distributed according to your wishes. Create a...
A revocable living trust in California is the transfer of ownership of your assets into the trust to manage and distribute them after your death. However, not all assets are suitable for inclusion in a trust. Some assets may be better left outside of the trust to...
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...
An estate plan in California ensures that the distribution of your assets happens in accordance with your wishes after you die. One aspect of estate planning is discussing your goals with your family members. Having open and honest conversations can help prevent...
Probate is sometimes an unavoidable and lengthy process in which the court makes final decisions about someone's estate in the wake of their death. While probate can take a long time, holding up the inheritance of many beneficiaries, there is a limit on the length of...
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...