We invite you to listen to ABCast Episode 15 - A Primer on Trusts which is now available in our series of podcasts focused upon the legal, tax, accounting and business consulting services provided by Allen Barron, Inc. In this podcast, we begin with an overview of several key terms...
ABCast Episode 3 – Estate Planning and Trusts
We've released the latest episode of our podcast, ABCast Episode 3 - Estate Planning and Trusts. In this episode experienced San Diego estate planning and trust attorney Janathan Allen discusses many aspects of why the majority of San Diegans not only need an estate plan, they require a trust. What...
Are Executors Personally Liable for Their Work on a San Diego Estate
Are executors personally liable for their work on a San Diego estate? Most people are honored to be asked to serve as an executor for a friend or family member's will. It seems like a position of extreme trust and personal obligation. Most executors do not understand it also involves...
Review and Update Your San Diego Trust
There are many sound reasons to review and update your San Diego trust every three years or so. Laws change, lives change, people change, businesses change, the needs of spouses and families change. The estate planning and trust attorneys at Janathan L. Allen, APC and the accounting and tax professionals...
Does an Irrevocable Trust Owe California Taxes
Does an irrevocable trust owe California taxes? This is actually a quite complex question. Generally speaking, California taxes trusts based on "California income." If the trustees and/or beneficiaries reside in California, then California will tax the proportionate income within the trust based upon the allocated income portion of the trust...
Who Pays an Executor’s Legal Fees
Here in California there are many reasons why an executor should hire an attorney, but who pays an executor’s legal fees? In most cases, the estate will pay reasonable attorney fees and costs for the executor. These do not have to come out of pocket. Why would an executor need...
If You Own a House in San Diego You Should Have a Trust
If you own a house in San Diego you should have a trust and an estate plan to avoid the substantial expense of probate, protect your assets and ensure your beneficiaries receive the benefit of your wishes. All assets, including your home, that are not protected by a trust must...
How Often Should You Adjust and Update Your Trust in San Diego
How often should you adjust and update your trust in San Diego? Once an estate plan is generated and your trust(s) are established and funded aren't you finished? The simple answer is no. Life changes. Finances change. The behavior and needs of your heirs and beneficiaries change. The value of...
A Simple Will is Not Enough for Most in San Diego
It may surprise you to learn a simple will is not enough for most in San Diego. Some people think that since they have a will all of their assets will be distributed according to their wishes as a simple transaction. Unfortunately, things are rarely that simple and wills are...