Do you employ an irrevocable trust or trusts as part of your estate plan? You need to review your irrevocable trust to ensure it still delivers the benefits intended. It is generally possible to modify an irrevocable trust, however, this requires expert guidance from an experienced tax and estate planning...
What Do You Need to Know About a Trust and Why?
Most US homeowners and business owners understand the importance of an estate plan; they just never seem to get around to completing the task. What do you need to know about a trust? Why are trusts a central component of any estate or business succession plan? A trust is a...
What is Known as the IRS Survivor’s Penalty?
What is known as the IRS survivor’s penalty, and is there anything that can be done to provide for a surviving spouse as we age? The “survivor’s penalty” is the likelihood that a surviving spouse will face higher federal and state taxes when simply changing their status from “married filing...
Success is Built into Business Succession
Isn’t it interesting that success is built into business succession. Still, the majority of US companies do not have a business succession plan in place. What is business succession planning and how does it enhance your own success and that of your business? The Important Questions at the Heart...
Why Do You Need Estate Planning?
Why do you need estate planning no matter where you live, but especially in California? What is estate planning? Isn’t estate planning just for people with a lot of money, property and wealth? Why should someone just starting a family or in their mid-40’s give any thought to estate planning?...
Do You Need an Asset Protection Strategy?
Do you need an asset protection strategy in San Diego, California? What is an “Asset Protection Strategy” and who should make sure to have an asset protection strategy in place? What is an Asset Protection Strategy? An asset protection strategy is a custom-tailored process to protect the assets you’ve worked...
Listen to ABCast Episode 15 – A Primer on Trusts
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...