Bay Area Estate And Tax Planning Law Firm
Hope and horror. Those two extremes coexisted in a concededly strange way in the details of a long-tenured Internal Revenue Service program that was just recently terminated.That initiative was termed the Offshore Voluntary Disclosure Program. We occasionally...
We spotlighted the ABLE program in our previous blog post. We noted in our December 11 entry that this federal government initiative can provide valuable benefits for disabled individuals and their families.ABLE does so by enabling eligible claimants to make...
First of all, let’s get that ABLE acronym straight. The ABLE Act is federal legislation that was passed back in 2014 during the Obama presidential administration. The commonly used shorthand designation does have a formal tag, which is Achieving a Better Life...
We alluded to year-end resolutions in our immediately preceding blog post, noting in our November 27 entry that many good-faith planners resolutely try "to stay on top of important things in life."We get that many individuals and families find that hard to do when it...
Kudos for you if you’re a good-faith planner who truly does try to stay on top of important things in life. Perhaps you have some sort of to-do list that you periodically adjust and try to stay tracked in on throughout the year.Many people do, of course, whether...
As you make an estate plan, you hope that your heirs will not fight over your assets. That becomes your top priority. You have seen examples within your own family of rifts that grow between adult children when their parents pass away. You have seen those long,...
Legal commentators frequently make the point that the realm of estate planning is far broader and multi-faceted than is commonly appreciated. Legions of individuals and families in California and nationally duly note that planning applies to focused money concerns and...
Not every estate settlement features a yacht of gargantuan dimensions.Of course, not every estate spotlights the assets held by a Microsoft Corporation co-founder. Paul Allen, who passed away recently, had a lot of toys to play with. In addition to the aforementioned...
This story hardly seems surprising. Reportedly, the central idea inherent in a trust -- one party’s holding property of potentially varied types for the benefit of another -- goes back many centuries.One recent article on the broad and effective role that trusts...
Many things related to a person's estate have to occur after they pass away. These tasks are left to the administrator of the estate. It is imperative that anyone who is creating an estate plan, as well as those who have to administer an estate, understand an estate's...