We have chronicled a few estate-planning-gone-wrong stories linked with celebrities over the years in our blog posts at the Bay Area Law Offices of Connie Yi. Those tales underscore that fame and wealth don’t necessarily translate to seamlessly tailored and...
Bay Area Estate And Tax Planning Law Firm
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4 criteria for undue influence
Undue influence typically targets financial gain. It may be direct fraud, or it may just be the process of "persuading" someone to do something else with their money.For instance, say that your parents have $1,000,000 and two children -- you and your sibling. You...
This single factor centrally influences estate planning effectiveness
Readers perusing our website at the established Bay Area estate planning Law Offices of Connie Yi might note the repeated reference of one specific term.Namely, that is the word “comprehensive.” We stress multiple times on a relevant planning page the...
Estate-linked power of attorney selection: getting it right
Who readily qualifies to be designated with power of attorney (POA) rights over your estate matters? Talk about a loaded question. Some estate planners can happily point quickly to one or more individuals they absolutely know are the ideal persons to be entrusted with...
Wills versus trusts: an endless estate planning topic/debate
Wills in the estate planning world are proven tools. They unquestionably stand as paramount documents in that universe, having demonstrated their utility over time in scores of millions of instances. A recent article spotlighting wills duly notes that they “were...
How to jumpstart would-be estate planning
It’s no surprise that legions of Californians and individuals elsewhere across the country have a bit of a problem shaking off lethargy when it comes to estate planning.That is, they’d rather just think about it (if at all), rather than getting off the...
You didn’t make it into the will. Now what?
A loved one passes away. A copy of their will gets passed around, telling people what they have inherited. You never get a copy. Confused, you talk to someone else who got one and ask to read theirs.As you probably suspected all along, you got left out of the will....
New laws, new wrinkles: some estate planning considerations
Imagine if the estate planning realm was essentially static, operating under relatively unchanging conditions and in a manner largely the same from generation to generation.In such a universe, planning advice would unquestionably be monotonous and even arid. Moreover,...
Spotlight on various estate tax scenarios
A financial writer notes in a recent Forbes article that some estate planning commentators are improperly focused on the potentiality of what is termed a “wealth tax” for the nation’s richest individuals and families. Ashlea Ebeling states that they might more...
Protecting precious cargo: estate planning for new parents
Virtually any ongoing source of estate planning information -- including our blog at the long-tenured Bay Area Law Offices of Connie Yi -- will occasionally restate a fundamental point concerning the planning community.That point stresses a common misconception shared...