An estate plan is like a car or a house: It needs regular maintenance to function as intended. Yet unlike your car or home, external events can create the need for adjustments. Among such events is legislation like the taxREAD MORE
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California is the only state to provide a tax break that extends the Proposition 13 advantages of strictly limiting property increases to inherited property, including income that is solely used for rental income. The extension was enacted 8 years agoREAD MORE
Common “Pot” Trusts: Why You Shouldn’t Treat Your Children Equally If you have minor children, you most likely would want them to be provided for in case something terrible happens to you and your spouse. How would you split yourREAD MORE
How to Leave Assets to Adult Children When considering how to leave assets to your adult children, first decide how much you want each one to receive. Most parents want to treat their children fairly, but this doesn’t necessarily meanREAD MORE
As soon as you are able, you have some legal documents to review and plans to update to protect both you and your heirs. After the death of a spouse, most of the attention for legal services is paid toREAD MORE
Trust Fund Options for Paying Adult Beneficiaries an Inheritance When deciding who you want to inherit your estate after you die, aside from figuring out who will get what, you’ll need to determine how and when they’ll get it. ForREAD MORE
This part of the Distribution Planning series discusses the effect of leaving your assets outright to your adult children. ————————- People understand why minor children and even young adults shouldn’t inherit property outright. Someone with more maturity and experience needsREAD MORE
Many people either choose to not have children or have accepted the circumstances in their lives that do not allow children to be a part of them. A question on how to leave a lasting legacy remains for those thatREAD MORE
Estate planning is more than just planning to avoid probate. You can also develop a very specific plan for the distribution of your assets. In the series of blog posts entitled “Distribution Planning”, we will discuss the different options ofREAD MORE
A recent California Case highlights the importance of making sure you review your estate plan and beneficiary designations every couple of years. The beneficiary listed on retirement plans and Life Insurance policies supersede anything your write in your Will orREAD MORE