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...
2021 Trust and Estate Planning for Business Owners
Janathan Allen and Allen Barron Provide 2021 trust and estate planning for business owners. You don't have to own real property or have substantial wealth in order to truly benefit from a well crafted trust. If you own a small business and have a few bank accounts or even retirement...
Even If Washington Raises the Estate Tax Exemption to $10 Million You Should Still Have a Trust
Even if Washington raises the estate tax exemption to $10 Million you should still have a trust, especially if you are a home owner. Why? The short answer is time, money and saving a lot of hassle for your loved ones, heirs and beneficiaries. Raising the exemption on federal estate...
Protecting Your Home from a Medi-Cal Lien
Protecting your home from a Medi-Cal lien is possible based upon a new California law which took effect January 1 of this year. Previously, California's Medi-Cal program was able to recover money from people who were 55 years or older who received medical services under agency programs. If the family...
A Trust Protects Your Beneficiaries
A trust protects your beneficiaries and ensures they receive your gifts in the best way for their unique circumstances. Your children, extended family and friends, causes and institutions receive your gift directly or "in trust." Many beneficiaries receive the assets you've assigned to them free and clear from all oversight...
Every San Diego Homeowner Should Have a Trust
We have often written that every San Diego homeowner should have a trust due to the high costs of probate and the time involved. Yet most San Diegans don't even have a will, let alone an estate plan which includes a trust. What should a homeowner know and why should...
Passing Assets and Accounts to Your Heirs
Passing assets and accounts to your heirs and beneficiaries in the shortest time and with minimal or no tax consequence requires expert estate planning. Allen Barron is uniquely structured to provide a single-source legal, estate planning, accounting and tax solution for complex family trusts, business succession planning and estate plan...
Business Succession Planning Has “Success” Built In
What is business succession planning and how does it enhance your own success and that of your business? What happens to your business after you retire? Do you wish for your company to continue after your gone? Succession planning is an estate planning strategy to ensure your business successfully passes...