Bay Area Estate And Tax Planning Law Firm
When drafting a will, appointing an executor can benefit surviving family members and heirs. An executor has a vital role in managing the decedent’s estate, paying off debts and distributing the assets based on what the will says. Most of the time, having someone...
Estate planning isn’t a one-and-done deal. Your plan is something that you should revisit periodically to ensure everything remains in line with your current wishes and circumstances. Reviewing your estate plan involves more than just being sure that you have your...
An individual with property that they hope to leave to others when they die want that legacy to be a positive influence on others. Unfortunately, estates have a tendency to disrupt families and cause major conflicts. The fights that erupt over inheritances can worsen...
An irrevocable trust offers a robust mechanism for safeguarding your assets while simultaneously mitigating federal estate taxes. In this structure, the trust's founder, known as the grantor, designates a beneficiary to receive assets from the trust. When establishing...
Digital assets are becoming a significant part of life. They range from tangible assets like cryptocurrency to more personal ones like digital photos. In the context of estate planning in California, these assets can and should be considered in your estate plan. Doing...
While many people in California understand that estate planning is essential for their lives, many millennials overlook it. Some studies have shown that a surprising number of millennials have failed to take steps to ensure that after they pass, their final wishes get...
If you're someone with substantial assets in California, at some point, you may want to consider creating an irrevocable trust. An irrevocable trust can shield your assets from certain taxes and ensure that your beneficiaries are well taken care of after your passing....
Small business owners in California should factor in their business when preparing their estate plan. This can make the ownership transition easier and the estate management more straightforward after their death. Proper planning can help minimize estate taxes and...
California trustees have a fiduciary relationship with the trust's beneficiaries. In other words, they are legally responsible for acting on their behalf, not their own. While doctors and lawyers also have a fiduciary responsibility to their patients and clients, a...
When California residents think about planning their estate, they often consider how to divide their assets and who will receive what. But there is another crucial aspect that sometimes gets overlooked, which is embracing diversity and inclusion. This means thinking...