Bay Area Estate And Tax Planning Law Firm
California residents who’ve recently lost a loved one usually have to deal with grief. Another area of stress after the death of a friend or family member is managing the estate, particularly if you have been named executor. The executor is the person named in an...
A person who creates a trust has to transfer his or her responsibilities to a person known as a trustee. The trustor has to choose the ideal person for the job. First, it's important to know about the certain duties that a trustee in California must fulfill. The...
If you have started the estate planning process in California, you'll come across many elements that will help you transfer assets to heirs after your passing. One of those elements is an irrevocable trust, but are these instruments suitable for you? What is an...
In estate planning, there are many types of trusts that you can create. One of the most popular trusts is the revocable trust. This trust is suitable for people who want to have some flexibility with their estate planning, which includes control of assets. What are...
Devising an estate plan could deliver a far more preferable outcome than allowing California's intestate laws to govern probate decisions. When someone devises a last will and testament or health care proxy document, the person enshrines his or her wishes legally....
When someone passes away, concerns arise about handling their estate. Hopefully, the individual informed a personal representative that a last will and testament exists. Writing and signing a legal will is part of the estate and probate equation as the document must...
The key aspects to consider before forming your special needs trust are fiduciary duties and who will perform them. In California, you have a right to set aside funding for the future care of any beneficiary you name. Beneficiaries with disabilities face a threat to...
Trustors use an IDGT to isolate specific trust assets. This is in order to segregate estate tax from income tax. The Intentionally Defective Grantor Trust is a trust used with deliberate and purposeful intent to protect assets. Maximizing next-generation assets IDGTs...
There are a few occasions where a California estate will need to automatically go through a formal probate process. Even if an estate plan doesn't automatically go through probate, there are still reasons where you can send an estate to probate. When does an estate...
International estate planning is recommended to members of families who live apart in separate countries. An international estate plan helps an estate owner from California and its beneficiaries who live and own assets in different countries. There are certain...