A recent Forbes financial article stresses that financial planning “can become intricate and emotionally fraught for high-net-worth families that have a lot at stake.”We have underscored that important point in many of our prior blog posts at the Bay Area...
Estate And Tax Planning Law Firm
Uncategorized
The revocable trust: controlled, flexible and private
Many people in the estate planning world will eagerly offer arguments opposing a writer’s stated view that a revocable trust “is essentially a will replacement.”That author -- an industry insider – makes a number of cogent arguments to advance...
Do you need to pay taxes if your parent lived in another state?
When your remaining parent passes away, you know things are bound to get complicated. They have a significant amount of wealth that all has to get passed on to the next generation. It's going to take time and effort to sort it all out, even though you know they have...
What does dive down into charitable contributions reveal?
The numbers are now in, and they paint “a pretty stark picture.” So says a principal with Giving USA, a decades-old foundation that provides routinely relied-upon data relevant to charitable giving across the United States. What Giving USA’s vice chair Laura MacDonald...
Are you tempted by do-it-yourself estate planning?
Legions of people in California and nationally routinely sidestep contacts to professionals in lieu of trying to accomplish a particular goal on their own. Examples of that can be quickly supplied, and across a broad front. Some individuals put "for sale by owner"...
What are key planning concerns for some aging LGBTQ couples?
Legions of LGBTQ individuals across California and nationally have estate planning concerns that are no different from those on the minds of their “straight” friends, family members and acquaintances.Planners everywhere and from every demographic typically...
Profit from avoidance of these estate planning minefields
The estate planning realm in California and nationally is sadly replete with stories spotlighting unfortunate outcomes linked with planners’ lack of preparation.Here’s one: An individual with adult children remarries and fails to update a will and other...
Focusing on the term “digital” in your California estate planning
The writer of a recent Kiplinger article on estate planning asks readers to consider “how much of your life is connected to your computer, mobile phone and other devices.”Maybe you don’t want to think about that. In fact, you might well be among the...
Laws collide, social media emerges in global estate conflict
The matter might have seemed like an open-and-quickly-shut case to the widow of Johnny Hallyday.A French court is taking a different view. Hallyday, a huge and iconic entertainment presence in France, died in that country in 2017. A recent media report on the...
Why thoughtful estate planners focus on power of attorney selection
When we refer on our website to “one of the most important decisions you’ll make when you’re planning your estate,” what do you think we are spotlighting? We of course stress the fundamental building blocks of thoughtful estate planning at the proven Bay Area...