Estate planning in California is helpful but can create conflicts with those who are named as beneficiaries. A charitable organization that you list as a beneficiary doesn't have the same intrinsic interest in your estate as do your children. It is easy to leave the...
Year: 2021
How to use charitable taxes in California to reduce estate taxes
Avoiding estate taxes when estate planning in California can seem complicated. The last thing you want to do is leave your family and loved ones with thousands of dollars in tax liabilities. There are some ways that people can avoid or reduce estate taxes upon their...
What to consider before creating an irrevocable trust
When properly structured, a California judge will likely recognize the validity of an irrevocable trust. Generally speaking, this type of document is used to protect assets from being seized by creditors or from being lost in a divorce settlement. It's also common for...
Are updates to an estate plan worth considering?
Many people fail to draw up an estate plan, which could leave heirs in a difficult position. Those that take the necessary steps to write a will or devise a trust embrace the planning required to make California estate management potentially less challenging for...
When estate plans should be reviewed and updated
Writing an estate plan is a task that many Californians tend to put off for later, but planning early can help protect their families in case the unexpected occurs. If you have already created an estate plan, however, it is not something that you should simply set...