Could Your Life Insurance Policy Cause Your Family to Pay an Estate Tax?
Most of our clients under the age of 70 have some form of life insurance as part of their financial plan to protect their families. What most may not realize is that life insurance that is owned by you...
View ArticleLisa Marie Presley Estate Dispute Update
The estate of Lisa Marie Presley, which has been in dispute over its control, has reportedly now been settled. Priscilla Presley, Lisa Marie Presley's mother, had previously filed a court petition in...
View ArticleChecklist for What to Do After the Death of a Loved One
When a loved one passes away, the practical tasks can feel overwhelming. Our checklist provides a step-by-step guide to help you navigate this challenging time with clarity and efficiency. From...
View ArticleAretha Franklin Will Dispute Update
Singer Aretha Franklin died five years ago in August of 2018 and her estate has been in dispute in court among her family members. Last week, it took a Michigan jury less than an hour to decide that a...
View ArticleWhat is a "Limited" Power of Appointment in a Trust Document?
If a beneficiary is given a testamentary limited power of appointment in a trust document, the beneficiary is granted the power to appoint in writing (typically by Will, Trust, or other written...
View ArticleProtecting You Children Through Continuing Trusts
As parents, ensuring the well-being and future of our children is a top priority. One effective way to provide for your children's financial security in the event of your passing is by establishing...
View ArticleHarnessing Stability: Placing Cryptocurrency into a Revocable Living Trust
In an era marked by the digital revolution and the rise of cryptocurrencies, investors are seeking innovative strategies to safeguard their digital assets. Enter the concept of incorporating...
View ArticleCreating a Trust in California: A Step-by-Step Guide
A trust is a versatile legal instrument that enables individuals to manage their assets during their lifetime and distribute their assets upon their passing while providing flexibility, control, and...
View Article7 Advantages of Including a Trust Protector in Your Revocable or Irrevocable...
When it comes to estate planning, establishing trusts has become a popular choice for many Californians seeking to safeguard their assets and provide for their loved ones even after they are gone. In...
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What Is Included in an Estate Plan Review?
If you don’t remember when you last had an estate plan review, then chances are it’s time for a thorough assessment. Over the years, wishes, relationships, and circumstances change. An out-of-date...
View Article10 Benefits of Exchanging Investment Property into a Delaware Statutory Trust
Real estate investment has long been a favorite avenue for wealth creation and asset diversification. However, traditional property ownership can come with various challenges, including management...
View ArticleUnderstanding Step-Up in Basis for Assets Upon Inheritance
When it comes to inheriting assets, one crucial concept that can significantly impact your financial situation is the step-up in basis. This term refers to the adjustment in the tax cost basis of...
View ArticleThe Dangers of Not Establishing a Trust-Based Estate Plan in California
Many busy California residents live life to the fullest, but too often they overlook a critical aspect of planning to establish an estate plan. It's easy to delay or avoid this essential task, but the...
View Article10 Points to Consider When it Comes to Trust Administration
Trust administration is a critical process in estate planning, to ensure that your assets are distributed according to your wishes after your passing. While it may be tempting for your successor...
View ArticleThe 2024 Estate & Gift Tax Exemption Amount Set to Rise Again
Understanding the Estate & Gift Tax ExemptionThe Estate Tax and Gift Tax are federal taxes levied on the transfer of a person’s wealth upon their death or when a gift is made during the donor’s...
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Retirement Planning for Busy Professionals in Laguna Niguel: A Comprehensive...
For many busy professionals in Laguna Niguel, California, finding the time to effectively plan for retirement can be a challenge. Between personal commitments and demanding careers, setting aside time...
View Article5 Potential Consequences of Not Funding Your Trust in California
Estate planning is a critical component of securing your assets and ensuring they are distributed according to your wishes after you are gone. In California, one common estate planning tool is the...
View ArticleTop 10 Reasons to Notify your Trustees and Agents in your Estate Plan to...
Estate planning isn’t just about deciding how your assets will be distributed; it’s also about safeguarding your wishes and ensuring that unauthorized individuals do not interfere with your carefully...
View ArticleTop 10 Estate Planning Checklist to Close Out 2023
As the year 2023 winds down, it’s an opportune time to pause and consider the state of your estate planning. The end of the year brings a natural deadline for many critical financial and legal...
View ArticleThe Complex Estate of Matthew Perry: Navigating Wealth, Legacy, and Taxes
The entertainment world is still reeling from the unexpected passing of beloved Friends actor Matthew Perry in California. Perry’s estate was estimated to be valued at over $100 million at the time of...
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