One of the most important considerations in an estate plan is incapacity planning. This article describes how an estate plan provides incapacity planning and the documents which may be used to accomplish that planning. It also looks at how having a plan in place may relieve stress during an emergency. 6 Important Estate Planning Considerations – Part 1: Incapacity … [Read more...] about 6 Important Estate Planning Considerations – Part 1: Incapacity
Estate Planning
Retirement: It’s not Just About the Money
Many factors go into retirement decisions. This article examines some of those factors. Being financially prepared is one aspect. Having your estate planning in order is another. But, being socially and psychologically ready for retirement are yet other aspects which people often don’t consider. Be ready for your next phase of life, this article will help you get there. Retirement: It’s not Just About the Money … [Read more...] about Retirement: It’s not Just About the Money
Estate Planning Attorneys Discuss Privacy Issues
Estate planning is a method for preparing yourself and your family for what happens after your death. Estate planning also allows you to plan for unexpected incapacity. Planning ahead gives you a chance to specify who will inherit your property after your death while helping you to reduce the taxes your estate will have to pay. If you become temporarily or permanently incapacitated, your estate plan can provide the protection you and your family will need. Some clients are concerned about … [Read more...] about Estate Planning Attorneys Discuss Privacy Issues
Academy Event in Las Vegas is No Gamble
The Academy’s 25th Anniversary event in Las Vegas is a sure bet. This article sets forth the various presentations Academy members will have available to them. This Spring Summit promises to be full of learning and camaraderie. Academy Event in Las Vegas is No Gamble … [Read more...] about Academy Event in Las Vegas is No Gamble
Estate Planning Lawyers Advice for Gay Seniors
There was a time when estate planning lawyers strongly encouraged gay and lesbian couples to establish comprehensive estate plans because they were not allowed the same protections as heterosexual couples. But, with the groundbreaking Supreme Court decisions of recent years, the estate planning needs of gay seniors have changed. Nevertheless, estate planning is still important, particularly so for the gay seniors in our community. Overcoming bias against the LGBTQ community Until very … [Read more...] about Estate Planning Lawyers Advice for Gay Seniors
Income Tax Basis in Estate Planning – Part 2
When choosing the direction to take in estate planning, it’s important to consider the impact of the proposed estate plan on income tax basis. Basis is often overlooked when estate planning strategies are considered. This article examines how common estate planning strategies impact income tax basis. Income Tax Basis in Estate Planning – Part 2 … [Read more...] about Income Tax Basis in Estate Planning – Part 2
How Are You Planning for Long-Term Care (LTC) Expenses?
What’s the right direction for you in planning for future medical expenses? The odds are even that you’ll need long-term care (LTC) after age 65, at least for a while. Here are possible paths for covering those potential costs. How Are You Planning for Long-Term Care (LTC) Expenses? … [Read more...] about How Are You Planning for Long-Term Care (LTC) Expenses?
Treasury Releases New Inflation Adjustment
The new tax law doubled the estate tax exclusion through 2025. This article looks at the exact amount of the new exclusion (it’s not what you thought) and how it might be useful. The article also examines why there’s no reason not to take advantage of the newly-doubled exclusion. Treasury Releases New Inflation Adjustment … [Read more...] about Treasury Releases New Inflation Adjustment
Basis is Important in Estate Planning
When choosing the direction to take in estate planning, it’s important to consider the impact on income tax basis. This article examines the nature of basis and follows an example from acquisition of property to death and looks how basis is adjusted along the way. Since the property is included at death, the basis receives a step-up to the value of the property at death. Upcoming articles will examine how common estate planning strategies impact income tax basis. Basis is Important in Estate … [Read more...] about Basis is Important in Estate Planning
When Should I Revisit My Estate Plan?
Out of the millions of Americans who die every year, there are far too many who have not prepared for that eventuality by creating an estate plan. For those that have taken this important step in planning for their family’s future, they often ask when they need to revise their estate plans. Let our Los Angeles estate planning attorneys give you their recommendations. The essential estate planning tools A will and a living trust are often considered to be the two most essential tools to include … [Read more...] about When Should I Revisit My Estate Plan?
