An estate plan considers many important aspects. One of the many aspects to consider is the impact of taxes. This article examines some of the many ways consideration of taxes might impact an estate plan. 6 Important Estate Planning Considerations – Part 6: Taxes … [Read more...] about 6 Important Estate Planning Considerations – Part 6: Taxes
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Dead Hand Control: How Much is Too Much?
This article examines trying to exert control over your beneficiaries after death. Often, clients try to dictate the exact manner in which funds are used. Usually, it is a better course to give the trustee discretion. Dead Hand Control: How Much is Too Much? … [Read more...] about Dead Hand Control: How Much is Too Much?
Your Father Always Wanted me to have that Money
Their father died suddenly, leaving behind two sons. He rented an apartment in San Diego while his Sons lived in Los Angeles and San Francisco, requiring his Sons to make multiple trips down the coast to manage his estate. The father’s affairs were one challenge after another. Among other problems, the landlord refused access to the apartment; the neighbor had “helped himself” to important documents and valuables; his car had been impounded; and the apartment appeared as if it had been hit by … [Read more...] about Your Father Always Wanted me to have that Money
Do-It-Yourself Estate Planning Can Lead to Litigation
Do-it-yourself estate planning has become the latest fad but our Orange County trust and estate litigation attorneys recognize how it can lead to litigation. Although the services and products you see offered on the internet or in bookstores may be much less expensive, in reality, these computer-generated forms are not comparable to the professional legal work you would receive from Orange County trust and estate litigation attorneys. A document you buy online might seem professional and … [Read more...] about Do-It-Yourself Estate Planning Can Lead to Litigation
6 Important Estate Planning Considerations – Part 3: Your Kids
An estate plan considers not just to whom assets should go, but also how. Each beneficiary is unique and the estate plan should consider their unique situation. This article looks at a couple with three very different children and how they might leave the assets for them in three very different ways. 6 Important Estate Planning Considerations – Part 3: Your Kids … [Read more...] about 6 Important Estate Planning Considerations – Part 3: Your Kids
6 Important Estate Planning Considerations – Part 5: Retirement Assets
Retirement assets may be a very large part of a person’s estate at death. It’s important to consider the income tax ramifications of naming a beneficiary, as well as protecting those assets for the beneficiaries. This article considers some of these issues. 6 Important Estate Planning Considerations – Part 5: Retirement Assets … [Read more...] about 6 Important Estate Planning Considerations – Part 5: Retirement Assets
Estate Planning is Too Important to Procrastinate
Only 44% of Americans have even a simple Will. We procrastinate for several reasons. Learn those reasons and how to push past them. Learn, briefly, why planning is important. Estate Planning is Too Important to Procrastinate … [Read more...] about Estate Planning is Too Important to Procrastinate
6 Important Estate Planning Considerations – Part 4: Beneficiary Designations
Beneficiary designations can be a simple way to pass assets at death. While beneficiary designations avoid probate, they may introduce other problems. This article shows how a revocable trust can provide a more flexible way to achieve a client’s goals. 6 Important Estate Planning Considerations – Part 4: Beneficiary Designations … [Read more...] about 6 Important Estate Planning Considerations – Part 4: Beneficiary Designations
Elder Abuse and Neglect Resulting in Fatal Infections
Regrettably, nursing home abuse and neglect are realities. When the time comes to consider whether to place a loved one in a nursing home, finding one that is safe becomes a primary concern. Many clients ask are county nursing homes safe. The fact is, every nursing home is different. So, it is important to do your homework. Even so, neglect can occur. If your loved one has suffered from elder abuse or neglect, discuss your options with one of our Los Angeles elder law attorneys. Elder Abuse in … [Read more...] about Elder Abuse and Neglect Resulting in Fatal Infections
Special Needs Trust Administration and the Use of Prepaid Debit Cards
Trusts are very useful estate planning tools that provide a way to save money and other property for a chosen beneficiary. Some trusts have a particular purpose, such as providing future support for a loved one with special needs. Your chosen trustee will hold and manage the property, making that person responsible for seeing that the terms of the trust are fulfilled. Trustees of special needs trusts have unique issues when it comes to trust administration. One of them is the use of prepaid … [Read more...] about Special Needs Trust Administration and the Use of Prepaid Debit Cards
