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...
Those in a Blended Family Should Consider a Trust
It may not have occurred to you that those in a blended family should consider a trust? How can Allen Barron help to protect your interests as you start a new family or consider estate planning as part of a blended family? Blended families have become much more common here...
What if the Trustee and Beneficiaries Could Ignore your Instructions and Re-Draft Your Trust After Passing?
What if it the trustee and beneficiaries could ignore your instructions and re-draft your trust after passing? Is it possible for your heirs and the trustee of your and your spouse's trust to ignore your wishes, and simply get together and re-write the terms of the trust and divide things...
Prepare for the New Year by Reviewing Your Trust for 2022
Ensure your financial affairs are in order, and prepare for the new year by reviewing your trust for 2022. It is important to review trust documents every 2 to 3 years. There have been many recent changes to asset protection related laws as well as the US exemptions for estate...
Will or Trust in Southern California – an Obvious Choice
As experienced trust and estate planning attorneys we are often asked which is better - a will or trust in Southern California? Simply stated, if you own any real estate whatsoever, or have more than a few thousand dollars in your accounts a revocable trust is almost always the least...
Should You Consider an Irrevocable Trust for Life Insurance
What is the best strategy for handling life insurance proceeds for your heirs and beneficiaries. It is often important to consider an irrevocable trust for life insurance proceeds to prevent your designated beneficiaries from misusing the funds you have planned and worked so hard to provide. An irrevocable trust is usually...
Can Establishing or Reviewing a Family Trust Save You Money?
Can establishing or reviewing a family trust save you money? The bucket full of cash may be understating the matter, as an effective estate plan avoids expensive and time-consuming Probate Court. The financial picture has changed for many spouses and families since they established a family trust or A-B...
The Executor’s Role in the Probate Process
What is the executor’s role in the probate process? To ensure proper estate planning and administration, one needs to understand the basics of the probate process. The probate process involves distributing a deceased person's estate. In plain English, probate is the legal term used to describe the re-titling of the...
Are You Prepared for the Great Wealth Transfer?
Are you aware of and/or prepared for the “Great Wealth Transfer?” What is the Great Wealth Transfer and how will this affect tax and estate planning in the months and years to come? The “baby boomers” (those born between 1946 and 1964) represent a substantial portion of the US population. ...