There are a wide variety of factors that can influence probate and the likelihood of probate litigation. Put another way, there are many different estate planning documents that play different roles in the probate process, in addition to trusts and the last will and testament. One of those legal documents is a prenuptial or marital agreement. In this article, our probate litigation lawyers will explain how prenuptial agreements affect the probate process, including probate litigation. What is a … [Read more...] about How Do Prenuptial Agreements Affect Probate of an Estate?
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The Importance of Medicaid Planning Regardless of Your Health
Like many people, you may feel that your good health means you shouldn’t have to plan for long-term care. The trouble with that thinking is your health status can change, especially 20 years from now. None of us can predict how healthy we will be in the future. Statistically speaking, at least two-thirds of individuals over the age of 65 will require some form of long-term care at some point. Ultimately, even if you are healthy now, you still need to consider Medicaid planning. Why you should … [Read more...] about The Importance of Medicaid Planning Regardless of Your Health
Los Angeles Estate Planning Lawyers Explain Capital Gains
Real estate, stocks and bonds, are a few examples of investments typically made with the hope of earning a profit at some point in the future when the asset is sold. However, be sure that when you decide to sell those valuable assets, and you make that anticipated profit, the federal government will be waiting to take its share. This is known as the "capital gains tax." Let our Los Angeles estate planning lawyers explain how this works. Understanding capital gains tax is important for your … [Read more...] about Los Angeles Estate Planning Lawyers Explain Capital Gains
Understanding the Difference Between a Living Trust and a Medicaid Trust
In the area of estate planning, there are so many different types of trusts that serve very different purposes. Trying to determine which type of trust you may need requires an understanding of these different types of trust. For example, some clients question the difference between a living trust and a Medicaid trust. Our living trust attorneys can help you understand the distinction so you can decide which type of trust you need. What is a living trust? A “living trust” is a trust that … [Read more...] about Understanding the Difference Between a Living Trust and a Medicaid Trust
Is Inheritance Planning the Same as Estate Planning?
It is a common misconception that inheritance planning and estate planning are one in the same. In reality, inheritance planning is merely one part of comprehensive estate planning. When it comes to Los Angeles inheritance planning options, let our attorneys guide you through the process. Here is what you need to know. Estate planning accomplish more than just giving away property Estate planning is the way you prepare yourself and your family for what happens after your death. Estate … [Read more...] about Is Inheritance Planning the Same as Estate Planning?
Basics of Estate Planning: Portability
What is “portability” and how is it elected? This article discusses these topics and explains some shortcuts that can be taken when filing a return only for portability. Read on to learn more. … [Read more...] about Basics of Estate Planning: Portability
Basics of Estate Planning: Portability vs. Credit Shelter Trust
Portability can work well in some situations. But, there are many reasons setting up a credit shelter trust instead might be better in some situations. This article examines several reasons a credit shelter trust may result in a better outcome for the client. Read on to learn more. … [Read more...] about Basics of Estate Planning: Portability vs. Credit Shelter Trust
How Tax Reform Could Impact Various Families
Learn how the Republican blueprint for tax reform would impact different families from an estate planning perspective. Read on to learn more. … [Read more...] about How Tax Reform Could Impact Various Families
Tax Reform and the Estate Tax
There’s a Republican blueprint for tax reform. Learn the general provisions of the plan and the uncertainties in it. Read on to learn more. … [Read more...] about Tax Reform and the Estate Tax
Including Guardianship Provisions in Your Estate Plan
For families with minor children, there is a crucial issue that must be addressed in your estate plan. That is planning for their future care in the event they are still minors if both parents are deceased. As parents, the care and protection of your children are of paramount concern and that concern grows if you are not able to provide that care and protection. Despite the fact that most people do not want to consider the possibility that both parents may die before their children are adults, … [Read more...] about Including Guardianship Provisions in Your Estate Plan
