Planning For A Secure Future
Business owners and other high-wealth individuals need to act by the end of 2025 to take advantage of significant tax planning opportunities in California that can assist in the tax-free transfer of money within their estates. To take advantage of this exemption,...
Your estate plan is critical in protecting your assets and ensuring your loved ones will be cared for well into the future. However, simply setting up your plan might not be enough. As life happens, you must revisit and update your plan to match your current...
If you reside in California but own property in another state, you might be puzzled about how to incorporate these assets into your estate plan, especially given the differing laws across states. Ancillary probate becomes critical in such scenarios. This legal process...
California is the home to many thousands of wealthy individuals, and most of them will pass along some portion of their estates to relatives or other beneficiaries. One of the concerns when doing so is the so-called "third generation curse," the idea that many...
An irrevocable trust is a trust that you cannot alter once you've officialized it. Such trusts are often useful for reducing estate taxes and protecting your California assets. One of the most important choices you'll need to make in the creation of an irrevocable...
Estate planning is like setting up a safety net for your California loved ones after you are gone. It ensures your assets go where you want them to. However, some common mistakes can mess up these plans. Let us look at what they are and how to avoid them. Not having...
A single person living in California may question the necessity of an estate plan or will, especially if they have no children and feel they have few assets to leave behind. This sentiment is common, as over 50% of people pass away without a will or estate plan due to...
A life insurance policy allows the policyholder to provide financial support to named beneficiaries upon their death. Some may wonder if a life insurance policy could become part of a California estate plan. Although beneficiaries of a will or trust may receive assets...
Currently, the estate tax exemption stands at $13.61 million per individual and $27.22 million per married couple. However, if nothing changes, exemption amounts could be cut by as much as 50%, which means that California residents may need to make changes to their...
Your pets are beloved members of your California family. Whether they are furry, feathered or scaled, you can ensure they will be in good hands by including them in your estate planning endeavors. Name a guardian Including your pets in your estate planning documents...