Bay Area Estate And Tax Planning Law Firm
Affluent families in California have a strong interest in reducing their tax obligations through estate planning. A couple or a family could form a family limited partnership (FLP) or limited liability company (LLC) to manage estate gifts and asset transfers in a...
Married couples in California can minimize estate taxes and gain more control over future disbursements of their assets by setting up an AB trust. This legal arrangement is common when the married couple’s estate value exceeds the remaining estate tax exemption. The...
A fiduciary is an individual legally bound to act in the best interests of another party, known as the principal. You probably already know that your California physician cannot disclose confidential information about your medical history without your permission....
Over time, California residents can spend their lives building up a long list of assets. Understandably, most people want their hard-earned assets to go to family members or friends after passing away. That's where the power of estate planning comes into the picture....
Many people begin to think about estate planning when they get married or have children. However, estate planning is also an important step for people who choose to remain single should take. If you’re a California resident who chooses to enjoy the single life, be...
In California, and everywhere else, financial chaos can occur after the death of a loved one, even when a sound estate plan is in place. This scenario includes not knowing what financial and credit accounts were in the deceased's name, plus login and password...
Individual retirement accounts allow people to put money aside for their golden years and reduce their tax bills. When an IRA account holder dies before reaching retirement in most states, the money in the account will pass to the beneficiary they have designated even...
Trusts are a popular estate planning tool for California residents. They’re known for protecting beneficiaries from estate taxes as well as giving Californians more control over how their wealth is passed down. From the other side of things though, it’s not unheard of...
Estate planning is an important task for people of all ages, including California grandparents. As grandparents, you have the unique opportunity to leave a legacy for your grandchildren and ensure that your assets are distributed according to your wishes. Create a...
A revocable living trust in California is the transfer of ownership of your assets into the trust to manage and distribute them after your death. However, not all assets are suitable for inclusion in a trust. Some assets may be better left outside of the trust to...