Is it time to update your estate plan or trust? How often should one revisit existing estate planning? What impact will taxation have upon your present and future finances and estate planning? Key Takeaways of Why This is a Good Time to Update Your Estate Plan or Trust: A lot...
How Often Should You Adjust and Update Your Trust in California
How often should you adjust and update your trust in California? Once an estate plan is generated and your trust(s) are established and funded, aren't you finished? The simple answer is no—life changes. Finances change. The behavior and needs of your heirs and beneficiaries change. The value of assets, investments,...
When to Use an Irrevocable Trust in Your Estate Plan
What is an irrevocable trust? It is important to know when to use an irrevocable trust as part of your estate plan. What is the difference between an irrevocable trust and a revocable trust? Key Takeaways of When to Use an Irrevocable Trust in Your Estate Plan: An irrevocable trust...
Estate Planning for a Blended Family
What are the essential elements of estate planning for a blended family here in San Diego or across California? According to the U.S. Census Bureau, almost 1 in 5 households in the United States involves a subsequent marriage for one or both of the parties, and children from a previous...
The Prudence of Estate Planning
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...
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...
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...
Remarriage and a Blended Family – It’s Time for a New or Updated Estate Plan
Are you considering remarriage? Do you and/or your spouse have children from a previous marriage? If so, remarriage and a blended family are excellent reasons for a new or updated estate plan. Blended families are quickly becoming the "norm" here in San Diego and across the U.S. What do you...
Passing Assets and Accounts to Your Heirs Is About To Become Much More Difficult
If you are in the process of long-term estate planning or updating an existing estate plan, the process for passing assets and accounts to your heirs is about to become much more difficult and expensive. Presently, each individual can pass $13.61 million in assets to beneficiaries and future generations without...