If you have been assigned the role of executor of an estate, you have certain responsibilities relating to this. You are likely committed to fulfilling all of the associated duties, but you may be worried that you are not fully informed of the responsibilities.This is...
Bay Area Estate And Tax Planning Law Firm
Bay Area Estates and Tax Law Blog
Loving and caring for a cherished companion via a pet trust
The current health pandemic has obviously upended the lives of millions of American families in material ways. Ironically, though, it has also been the catalyst for home improvement on at least one front for legions of families spanning the country. Since the...
Factors indicating that you might want to revisit your estate plan
It is a reality in the estate planning world that many individuals and families delay paying attention to key matters inviting timely input because they simply don't want to think about end-of-life concerns and death. That's understandable, of course. Who among us...
Why are so many Americans living abroad frustrated with the IRS?
Reportedly, about 70% of all Americans who live outside the United States have a problem with the country’s taxation scheme.Bottom line: They don’t think they should be required to pay taxes at all. There are approximately 9 million Americans residing...
Perceived need for estate planning haste during an uncertain time
A recent national media piece on estate planning notes the general angst that many individuals across the country feel these days owing to the current health pandemic.Admittedly, coronavirus is a scary thing. Its arrival was unexpected and its anticipated tenure...
Avoid the gift tax in life and minimize conflict after your death
Parents who want to avoid disputes after their passing have at least one great option that they can use to do prevent them. It's a simple solution: giving gifts while they're still alive.While parents may want to leave inheritances to their children, it's a good idea...
IRS projecting compliance and a tough enforcement stance
A recent Forbes piece spotlighting the Internal Revenue Service notes news of recent years stressing a progressively weakened tax agency. The IRS is increasingly portrayed as a handcuffed agency featuring a steady reduction of agents/examiners, a decreased audit rate...
Some thoughts on wealth transfer across generations
We continue today with subject matter we introduced and generally touched upon in a recent blog post. Namely, that is asset transfer from one generation to the next, a topic that understandably commands special relevance for families with above-average asset...
Your kids’ inheritances: harmonious result or rancor?
It’s your family, and unlike any other.That likely means this from the perspective of estate planning and contemplated inheritances for your adult children: Take advice from third parties in only the most general sense. Here’s why, as stressed by the...
How is debt handled in the probate process?
What happens in California to a loved one’s debt in the wake of his or her passing?That is a question often posed to estate planning attorneys, and a query that just as often naturally leads to a spotlighting of the probate process. Narrowly termed, probate is...
