By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Estates on Tuesday, December 1, 2015. What is a family trust, and why is it important for most California families to consider? Generally speaking, a family trust, also known as a revocable living trust, allows the creators to place...
New York Times Warns of IRS Crackdown on Family Limited Partnerships or LLCs
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Estates on Monday, August 10, 2015. The New York Times recently wrote that the IRS was about to tighten the rules on the abuse of "Limited Family Partnerships," a legal structure that many wealthy families use to reduce...
What Happens in California When The Deceased Has an Out of State Trust?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Estates on Tuesday, April 21, 2015. What happens when the a person who dies in California executed their trust in another state? What if they were a foreign national, and the will or trust was established in another...
Involving California Residents In The Probate Process Through Wiki-Style Legislation
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Estates on Tuesday, October 21, 2014. Estate planning is not just for the uber rich. Whether you have a small estate with just a few assets or you have a multi-million dollar estate, estate planning and management can...
Estate Planning: What Is an Ethical Will?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Estates on Saturday, December 6, 2014. No doubt you have heard of wills and trusts before, as well as the concept of estate planning. But what about ethical wills? Not many people use, or even know what, an...
Why Does Every Homeowner in San Diego Need a Trust?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Estates on Thursday, September 25, 2014. If you own a home in San Diego you need to give serious consideration to a trust, regardless of the equity in your house. The reason is simple: without a trust your...
Are Inherited IRA’s Considered Retirement Funds So They Are Exempt From Bankruptcy?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Estates on Thursday, October 2, 2014. The estate planning process can be overwhelming. Estate planning is crucial to prevent problems, protect your assets, and plan for the future. This process can be more all the more complicated when...