Beneficiary Income Tax Planning

There is a common assumption that people who inherit through a trust do not have to pay any taxes, but that is not always correct. Because trust beneficiaries do have to pay taxes in certain situations, you will want to think about how to minimize the tax consequences for the beneficiaries of your trust.

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How a Special Needs Guardianship Protects Against Medicaid Issues

Many parents who have children with special needs are shocked when they discover that a parent can no longer manage the medical care, education, or financial matters of their child when the child turns 18. Also, you will not have the legal authority to access your child’s educational or medical records. You have limited...

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How to Take the Car Keys Away From Unsafe Elderly California Drivers

Some people are able to drive safely well into their advanced years, but for some others, deteriorating eyesight, slowed processing time, the onset of Alzheimer’s disease or another form of dementia, or some other facet of the aging process impacts their driving ability. Rather than wait for a tragedy to happen, there...

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What is the Difference Between an Executor and a Trustee?

The terminology in the administration of the estate of a deceased person can be confusing. Three of the principal terms one needs to understand are executor, trustee, and administrator. An administrator processes the estate of a person who dies without leaving a valid will or trust, a situation called dying intestate. An executor follows...
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What is a Common Trust?

There’s no doubt that having kids can be financially taxing. However, it’s important to note that not all children cost you the same amount of money. When you have multiple children, you likely want to ensure that your kids feel as though they are treated fairly and equally. For that reason, you may be thinking...
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What is the Difference Between a POLST and an Advance Healthcare Directive?

A Physician Orders for Life-Sustaining Treatment (POLST) is a physician order that helps give people with severe illnesses more control over the end-of-life care they will receive. A POLST and an advanced healthcare directive can include some of the same terms and instructions, but there are quite a few differences between these documents. A California...
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