Sunday, December 17, 2017

Property Tax Reassessment on Transfers

June 16, 2009 by  
Filed under Estate Planning

A very important issue to consider in your estate plan is the possible increase in property taxes upon transfer of your home to your beneficiaries.  If you’ve owned your home for a long time in CA, your property taxes are probably significantly lower than they would be if the property value were reassessed as of […]

I’ve Been Named as Trustee in a Living Trust, Now What?

May 28, 2009 by  
Filed under Estate Planning

As trustee, you will have fiduciary duties to carry out the terms of the trust.  A fiduciary is a person who is responsible for taking care of something that belongs to someone else.  Under the law, fiduciaries owe legally-enforceable duties to the people on whose behalf they handle property.  In this case, you will owe […]

Advantages of Having a Living Trust

May 13, 2009 by  
Filed under Estate Planning, Featured Content

This article gives an overview of how a living trust works and the major advantages of forming a revocable living trust to hold and manage your property.

California Estate Planning After Divorce

May 3, 2009 by  
Filed under Estate Planning

Estate planning after divorce is an often overlooked priority. If you have a will, trust, power of attorney, health care directive in place, now is a good time to update them.  Obviously, these documents probably named your ex-spouse as a beneficiary of your estate as well as agent to act on your behalf.  Generally, dissolution or annulment […]

Would You Invest $2500, $5000 or $10,000 for a return of $657,250?

March 20, 2009 by  
Filed under Estate Planning

A solid estate plan can be a valuable investment in preserving your assets from probate fees and estate taxes. This example includes the use of a life insurance trust to keep the pay out on death from creating a taxable estate.

The Importance of Estate Planning Post Divorce

March 17, 2009 by  
Filed under Estate Planning

Today, I have a guest blogger  who reminds us of another very important loose end to tie up after your divorce… GUEST BLOGGER: Gabriel Cheong, Esq. So now that you’ve survived the entire process of divorce and you’re ready to begin the next chapter of your life – where do you begin?  Let me suggest […]

Have You Named a Personal Guardian for Your Child?

February 10, 2009 by  
Filed under Estate Planning

Have you thought about who would take care of your children if something were to happen to you? Usually if one parent dies the other parent has the legal right to assume sole custody. However if this is not the situation, a “personal guardian” must be appointed to raise the child. If you have minor […]

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