You were honored when your close friend or family member asked you serve as the executor of their estate. You did not realize the amount of the work associated with the task. You also didn't realize you were personally financially liable for your actions as an executor. If you are...
Review and Update your Trust in San Diego
You should review and update your trust in San Diego every two to three years. If you have created an estate plan that includes a revocable trust or multiple layers of trusts it is important to review changes in federal and state law, as well as the health of associated...
A Revocable Trust is the Best Option After Reform of Medi-Cal Estate Recovery SB 833
The recent implementation of California SB 833 and the reform of Medi-Cal estate recovery will have a significant impact on estate planning for many Californians. The new law essentially limits the ability of Medi-Cal to pursue the estate of a deceased patient in order to recover costs of their treatment. ...
How Does New Medi-Cal Legislation Change Your Estate Plan?
Governor Jerry Brown recently signed new Medi-Cal legislation SB 833 into law, and it will take effect for those who pass away after January 1, 2017. The new Medi-Cal legislation reduces the State's ability to go after the assets of deceased Californians who required "specific medical assistance" including permanent nursing...
Why Put Off Estate Planning and Establishing a Trust?
Why do so many San Diegans put off estate planning and establishing a trust for their home and assets? Quite simply, in my experience its as simple as they don't want to face the reality of their own mortality. Unfortunately, the failure to undertake estate planning leaves a complicated and...
Estate Planning Reduces Taxes and Expenses and Preserves Assets
Have you been considering a will, college funding, protecting your family and answering questions such as who will watch over the children if both parents pass in the same accident? Do you own a home in the San Diego area? If so, you should contact Allen Barron to learn how estate...
Trust Disputes in San Diego Require a Seasoned Attorney
Trust disputes in San Diego require a seasoned attorney with expertise not only in California trust law, but accounting and tax expertise as well. The attorneys at Allen Barron, led by Janathan Allen are uniquely positioned to provide insight into your concerns, and provide a comprehensive financial, legal and tax...
Why do You Need a Trust in San Diego?
Why do you need a trust in San Diego and how can it save you a substantial amount of money? A trust provides protection for your assets, investments and accounts and provides an additional layer of separation between an individual and any creditor seeking to collect against a liability or...
The Difference Between an A-B Trust and a Disclaimer Trust in San Diego
What is the difference between an A-B trust and a disclaimer trust in San Diego? The classic A-B trust has been around for years. The A-B trust was developed for spouses, and places the property, investments, accounts and assets of a married couple into a revocable trust known as an...