An estate plan is simply a set of instructions that outlines what you want to happen if you become incapacitated and when you die. Regardless of your wealth—modest or monstrous—your plan details your desires, family situation, assets, and how and by whom you want your affairs handled, Continue reading
What Happens If I Don’t Have An Estate Plan?
Some people don’t believe they need an estate plan. Daily, I hear “my life and estate are simple.” However, if you don’t set up your own, the state of California will “simply” decide what happens to your estate for you.
Regardless of how Continue reading
A Forbes magazine
analysis of the Bill and Hillary Clinton’s family holdings suggests that their net worth is somewhere in the range of $45 million, which sounds like a pretty hefty nest egg. However, without proper estate planning, that sum could take a huge hit and leave a monstrous Continue reading
Can You Name a Trust as an IRA Beneficiary?
While there are no tax benefits, there may be situations in which you want to name a trust as your IRA beneficiary. If properly structured, and in keeping with IRS requirements, an IRA Beneficiary Trust can help ensure that the beneficiaries Continue reading
Giving Tax Free IRA Distributions to Charities
If you are over 70 ½ years old, you are now allowed to donate up to $100,000 a year tax free from your IRA to a public charity. The IRA Charitable Rollover
is now a permanent tool that you can incorporate into your financial planning Continue reading
New “End Of Life” Law
SB139 is a new law taking effect this year that will allow doctors to prescribe life-ending medication to terminally ill patients. If someone is diagnosed as terminally ill with six months or less to live, the individual may now choose to end his or her life, Continue reading
Is Binding Arbitration Binding?
In our capacity as estate planning attorneys, we work with our clients to prepare documents such as wills, trusts, and powers of attorney. Further, we advise our clients and their agents on how to use these tools to protect their estates during transitions Continue reading
Estate Plans Need To Address Digital Assets: What About My Facebook!
In simplest of terms, an estate plan lays out the wishes of an individual for the handling of someone’s assets upon his or her death. It can also help maximize the value of one’s estate by reducing taxes and other Continue reading
HIPPA Requirements Can Hugely Impact Your Estate Plans
Have you ever wondered why doctors and other healthcare providers ask you to sign a receipt for their “Notice of Privacy Practices?” It was essentially intended to protect your personal information from identity theft or public Continue reading
How Will You Be Remembered When You’re Gone?
We are all here on Earth for a relatively short period of time and many of us would like to think we made a difference during our lives. We may even want to leave something behind for our loved ones or others as a remembrance of our existence. Continue reading