Who should you appoint as executor in your will?
You already know you should have a will, but maybe you’re getting caught up trying to decide whom you should appoint as your executor. What does the law say? Can you appoint your family members as executors? What about your brother who lives in another state? Can you appoint more than one executor?
Top 3 ways to reduce federal estate tax in 2017
Federal estate taxes are very high. How high you ask? A whopping 40 percent high. This means that if the value of your estate is above the federal exemption, the federal government will claim 40 percent of what is in excess. That’s 40 percent of your estate taken away from your spouse,...
Federal Estate Tax Repeal Could Mean Tax Increase for Californians
President Trump has proposed completely eliminating the federal estate tax. This controversial tax currently remains at 40 percent, but with a Republican House and Senate, it is possible that the tax will soon be reduced or erased. However,...
Top Four Reasons Why You Need To Avoid Probate In 2017
You’ve probably heard this before, “You should definitely avoid probate.” Ever wondered what is probate and what makes it so bad you should avoid it at all costs? We’ll tell you why, but first...
What is probate?Probate is the legal process by which the estate of a deceased person is distributed...
How do I take someone out of my will?
Creating a will gives you the power to decide how your property and other assets will be distributed after your death. As the drafter, you are able to specifically dictate who gets what assets you have remaining. In some cases, this includes taking someone out of your will or otherwise disinheriting them.
Generally,...
Revoking or Modifying Your California Will
Life is always moving forward and perpetually changing. As you age, it is likely that you will attain more assets and have more children. Your children will grow up and have children of their own. You may find yourself divorced or...
What is the difference between a “will” and a “living will”?
If you or someone you love is near the end of life, arranging legal paperwork might be one of the last things on your mind. Working with a legal professional to draft a last will and testament is a vital step to protect your loved ones and help them make a decision on...
Top 5 reasons to have a power of attorney
A power of attorney is a document that enables you to appoint someone you trust to act on your behalf, if you are unable to do so yourself. The power of attorney can be a powerful tool to assist you in going through life’s uncertainties in the best possible way you can. Drafted...
Gifting to Grandchildren? Plan Ahead With a Trust
Many grandparents wish to leave their grandchildren with financial or property gifts upon their death. Leaving an inheritance to your grandchildren can be a wonderful way to continue your legacy, but it will require some...
How can you avoid estate-planning fraud?
Estate planning fraud is on the rise. More and more companies are popping up, offering to sell unsuspecting customers “one-size-fits-all” estate plans and other services via telemarketing, bulk mailers and seminars. Most commonly, we see these companies offering “standard” living trusts that...