Bay Area Estate And Tax Planning Law Firm
A loved one passes away. A copy of their will gets passed around, telling people what they have inherited. You never get a copy. Confused, you talk to someone else who got one and ask to read theirs.As you probably suspected all along, you got left out of the will....
Imagine if the estate planning realm was essentially static, operating under relatively unchanging conditions and in a manner largely the same from generation to generation.In such a universe, planning advice would unquestionably be monotonous and even arid. Moreover,...
A financial writer notes in a recent Forbes article that some estate planning commentators are improperly focused on the potentiality of what is termed a “wealth tax” for the nation’s richest individuals and families. Ashlea Ebeling states that they might more...
Virtually any ongoing source of estate planning information -- including our blog at the long-tenured Bay Area Law Offices of Connie Yi -- will occasionally restate a fundamental point concerning the planning community.That point stresses a common misconception shared...
Regular readers of our blogs in the Bay Area and across California know that we strongly endorse the clear utility of tailored and well-drafted trusts at the Pleasanton Law Offices of Connie Yi. We note on our established firm’s website that, “Trusts can...
The most important thing you do with your estate plan, many would argue, is to pick a guardian for your children.After all, they're worth more to you than anything you own. Yes, you want things to go smoothly in a financial sense. You want your assets to get passed on...
Michelle Herting is a California business adviser and writer on estate planning topics. She makes two quick child-centric points in a recently penned article that are relevant to the planning process. We note them immediately below for readers.The first is this: A...
One is lawful. The other can yield a lengthy prison term and financial penalties of a staggering degree. The former is part of a strategy that is both recommended and implemented by proven estate planning attorneys. The latter is a flat taboo that none of those...
We’ll get straight to the point regarding subject matter that we introduced in our immediately preceding blog post (please see our September 6 entry).That point is this: In the estate planning realm, wills and trusts play distinctive roles that, while different,...
So, what’s it going to be, a will or a trust?Or maybe both. Financial writer and researcher Bob Carlson recently wrote an article for Forbes on that specific question.His bottom line is this: Both of those tools are centrally important in estate planning and...