Not every family has assets that contain foreign holdings.
One reason why many prudent California estate planners forgo executing do-it-yourself contracts and forms is their uncertainty as to whether such documents are tightly tailored and comprehensively address their unique planning needs.
We have chronicled a few estate-planning-gone-wrong stories linked with celebrities over the years in our blog posts at the Bay Area Law Offices of Connie Yi. Those tales underscore that fame and wealth don’t necessarily translate to seamlessly tailored and optimally effective planning outcomes.
Readers perusing our website at the established Bay Area estate planning Law Offices of Connie Yi might note the repeated reference of one specific term.
Who readily qualifies to be designated with power of attorney (POA) rights over your estate matters?
Wills in the estate planning world are proven tools. They unquestionably stand as paramount documents in that universe, having demonstrated their utility over time in scores of millions of instances. A recent article spotlighting wills duly notes that they “were invented centuries ago.”
It’s no surprise that legions of Californians and individuals elsewhere across the country have a bit of a problem shaking off lethargy when it comes to estate planning.
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.
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.
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.