Bay Area Estate And Tax Planning Law Firm
When implementing an estate plan in California, it is essential to ensure that you receive the proper compensation for the amount of time and work you are putting in. The probate court will look through the amount you charge to see if it is reasonable, especially if...
California families have an exemption for their estate that keeps it from being subject to income taxes. However, above that $11.7 million, the estate tax bill could get large. This is why they need to take measures to reduce the size of their taxable estate. Life...
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...
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...
The following types of estates can benefit from the use of a trust. Putting together an estate plan can be intimidating. The process begins with organizing your assets. Then you need to determine which documents will help you achieve your goals. At some point, you may...
A lot of thought goes into an estate plan, but just one life change, whether it is major or seemingly minor, can render an estate plan out of date. Californians of all ages set up estate plans. For example, a married couple in their 30s may want to select potential...
Legal guardianships or powers of attorney protect people from financial abuse and other hardships when they are unable to make decisions on their own. It can be easy to assume estate planning is all about leaving an inheritance to one's heirs, but it is much more...
It’s called a grantor retained annuity trust. Candidly, it’s not an estate planning tool with universal applicability.Could it make sense for you, though? We reference GRATs on our website at the long-established Bay Area Law Offices of Connie Yi. We...
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.Because...
There is more to creating a trust than meets the eye. In addition to adding assets to the trust, there's something else you need to think about: finding the right person to serve as trustee.While this sounds as simple as naming a trustee and moving on with the rest of...