A: A Notice of Proposed Action essentially requires a beneficiary to “speak now or forever hold their peace.” California Probate Code sections 16500-16504 permit a trustee to give notice to the beneficiaries of a trust that the trustee intends to take (or not to take)...
The Prop 19 planning really only makes sense if both of the following are true: 1) You have a VERY low property tax bill (relative to current fair market value); and 2) You believe your children will want to hold onto the property after you're gone (rather than sell...
A: Here are some legal essentials that can help protect your growing business: Register your business: Registering your business with the state legitimizes your business for both you and your consumers, gives you the ability to apply for grants and loans, and having...
A: There are three main options for California property owners that have low property tax bases who want to leave the properties to their children. 1: Do nothing. This allows your children to inherit the property and receive a stepped-up basis as of the date of death...
When you start the estate planning process in California, you're not just planning for your family's future: You're also making important legal and medical decisions that could greatly influence your final years. For this reason, it's important to establish...
A: Here is a helpful checklist of things to stay on top of: 1: Take inventory of your digital assets 2: Add digital heirs to your accounts 3: Plan to pass on your passwords 4: Record your stories - hereafter.ai is a great website to check out to preserve your...
Today, in part 2 of our blog series on estate planning “New Year’s Resolutions”, we are discussing the importance of keeping your estate plan updated, specifically your trust. First, as a reminder of why living trust are so valuable (versus just a will): by creating a...
With 2021 around the corner, we wanted to give you a quick New Year’s Resolution to make sure your estate plan is up to date moving forward. Today we are covering what we refer to as the incapacity plan, which consists of the financial durable power of attorney, the...
“I’m too young.” “I don’t want to think about death.” “My kids get along well, so there won’t be a fight over my estate.” “Estate planning is expensive.” “My estate isn’t big enough to warrant an estate plan.” “It’s a lot of work.” “I don’t know why I need one.”...
A: Because no one knows what type of medical treatment you want more than you do! Having an advance directive in place ensures that your wishes regarding your health care are carried out, even when you're unable to make your wishes known. In fact, in the absence of a...
