It’s called a grantor retained annuity trust. Candidly, it’s not an estate planning tool with universal applicability.
Here’s an initial point to note concerning today’s above-posed blog headline: You unquestionably do need to spotlight all foreign financial holdings you control and ensure legal compliance with Internal Revenue Service mandates.
The COVID-19 health care crisis presses on, with material challenges still arising in California and globally. Notwithstanding the pandemic’s persistence, though, encouraging developments are emerging that underscore successes in the fight to restore normalcy.
You certainly merit a shout out and congratulations if you’ve taken the proactive step to work with proven legal counsel and execute tailored estate planning documents.
Some realities are seemingly immutable and feature recurrent obligations for individuals and families year after year.
No California resident or individual residing elsewhere could even a brief few weeks ago remotely imagine the vastly aligned universe we now ilive n.
We stressed in our immediately preceding blog post a suddenly elevated estate planning emphasis for many Americans. What we specifically noted in our Law Offices of Connie Yi April 7 entry is that “an increasingly key focus for many planners during the current pandemic is on power of attorney designations and linked document execution.”
We prominently stress on the website of our long-established Bay Area estate planning law firm a fundamental point concerning life’s ongoing developments.
If we’re going for a metaphor, it might well be said that crafting an effective estate plan is akin to building a family home.
Candidly, estate planning is legal subject matter that much of the general public in California and nationally is not immediately comfortable with. The topic perennially ranks at or near the top of “not now” lists concerning matters that are surrounded by procrastination and repetitive stalling on the part of would-be planners.