Have you ever noticed as the adult son or daughter of loving parents that mom and dad still treat you like a child? We don’t mean lecturing you about your political views or questioning your purchase of a vehicle other than one they think would have made for a more...
Estate And Tax Planning Law Firm
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Why equal inheritances might turn out to be … something else
You love them all equally, right, so doesn’t it simply make sense to treat all your kids the same when it comes to their down-the-road inheritances?That is unquestionably the mindset of legions of estate planners in California and elsewhere and, yes, following...
Second spouses, estate plans and potential resentment
When it comes to estate planning, families are complicated. It's not always so simple as Mom and Dad passing away pleasantly in their 90s and leaving the money to their responsible adult children. We all wish things could go so smoothly, but they often don't. And that...
Current IRS focus, role/utility of proven estate planning, tax lawyer
We have stressed in select prior blog posts at the Bay Area estate planning Law Offices of Connie Yi that the U.S. Internal Revenue Service has an unflagging focus on American individuals and families with offshore money holdings. The agency’s interest is both obvious...
Though leaner these days, IRS still packs an investigatory punch
According to one prominent national new source, “the IRS is a shadow of its former self.” If you think that you might reasonably have some serious problems to deal with in the event of an agency audit, does that assessment make you feel any better? We didn’t think so....
Trust creation: It doesn’t have to be complicated
It is notable how select legal tools in various practice areas are sometimes misunderstood or underappreciated by individuals and families that could derive strong benefit from using them.Consider the prenuptial agreement in family law, for example. It is often...
Protracted estate legal battle re aged media titan finally ends
It doesn’t uniformly raise eyebrows when an individual appointed with decision-making powers concerning another person’s finances or health care questions the latter’s capacity. That actually happens routinely in California and across the country,...
To avoid disputes, leave the kids a will
It's shocking how many people pass away with no estate plan and no will. Obviously, everyone will pass away at some time. We all know it. Anyone with assets knows it's coming and they know that an estate plan can make it go smoothly. But they just don't do it.Take,...
Keeping it private: dealing with high-asset family estate squabbles
Most people value their privacy, and that is certainly true for members of well-heeled families who understandably don’t want the details of their assets closely chronicled in media tabloids.There are of course many sound and tailored strategies that a proven...
Some art collectors understandably have estate planning concerns
Can you sense it?Although many of our readers might not perceive it in any manifestly overt way, they nonetheless can intuit that there is an unprecedented amount of cash and other assets being shifted around presently. The movement owes to vast amounts of wealth...