The prudence of estate planning extends far beyond the question of “what happens to my money, assets, and belongings at the end of my life?” Estate planning facilitates shrewd planning and management of one’s life and resources, protects the interests and assets you’ve worked so hard to build, reduces the...
Succession Planning for Business Owners
What is succession planning for business owners? How does this affect the short and long-term interests of your company and its value? Why should you be concerned about succession planning if you own a business or a significant interest in an LLC, S-Corporation or C-Corporation? Key Takeaways about the Importance...
A Trustee or Executor has Substantial Financial and Legal Liability
Have you been asked to be a trustee or executor? A trustee or executor has substantial financial and legal liability, and the trust or estate will pay an attorney to guide them through the process. As the successor trustee or executor of an estate or legal trust, you carry comprehensive...
Create a New Trust or Update an Existing Estate Plan
If you wish to create a new trust or update an existing estate plan you will need skill and expertise across many separate disciplines: tax, estate planning and legal services. These disciplines are seamlessly integrated at Allen Barron to provide a much more comprehensive level of insight and advice at...
Estate Planning for Pets in San Diego and Throughout California
What do you need to know about estate planning for pets in San Diego and throughout California? What are some of the essential elements of an effective estate plan that will protect your beloved companion(s) while ensuring their provision and comfort? The process usually begins with the establishment of a...
How Often to Review Your Trust and Estate Plan?
How often should you review your trust and estate plan? Is there a regular cycle to these reviews, or should they be driven by significant events in your life or the lives of your beneficiaries and executor or trustee? How will the next few years in Congress impact trust and...
Trust and Estate Planning for Business Owners
Why is the end of the year a good time to consider trust and estate planning for business owners. Do you own real property or have other investments outside of your business interests? Have you given any thought to what would happen if you become ill or incapacitated and are...
Those Above the Age of 50 Should Analyze Increased Tax Advantages of 401(k) Contributions in 2025
Are you above the age of 50? Do you and/or your spouse have a 401(k)? Are you interested in reducing the amount you will have to pay in 2025 income taxes while increasing the amount of money you receive after retirement? Those above the age of 50 should analyze increased...
Update your Trust and Estate Plan Regularly to Protect Your Interests
It is important to update your trust and estate plan regularly to protect your interests and meet the changing requirements of your future while integrating changes in law and best practices to provide for every potential scenario. "We were meaning to make some changes when Bob's health rapidly declined -...