From a practical perspective, the grandchildren’s parents often understand how to use the money for the benefit of their children. What’s more, they may spend or invest it appropriately on their children’s behalf.
Author Archives: Skvarna Law
California Law, Estate Attorney, Estate Planning, Guardianship, Heirs, Trusts, Wills
Beneficiary Designations
18
Jun
Jun
If something happens, a successor trustee you previously selected steps in without court involvement. In such a case, they manage the trust on your behalf. You can also designate what happens to the trust’s money and property at your death.
12
Jun
Jun
Many estate planning attorneys struggle to formulate a concrete definition of the term. Nevertheless, most estate attorneys define elder law by the demographics they serve — the elderly and the disabled.
Assets, Estate Attorney, Estate Planning, Heirs, Inheritance, Trustee, Trusts
Irrevocable Life Insurance ILIT Trusts
04
Jun
Jun
Even if Congress fails to act, in 2026, the current rate sunsets. This cuts rates in half to about $6 million per individual. This blog post discusses ILIT Trusts. So, read on.
Estate Planning, Heirs, Retirement, Taxes, Trustee, Trusts
Estate Planning for Disabled or Chronically Ill Beneficiaries
28
May
May
he SECURE Act drastically decreased which individuals could stretch distributions over their life expectancy.
21
May
May
Medicare Part A over covers the first 20 days of nursing home care.
13
May
May
You can create unlimited profiles. Access to immediate information prepares your trusted agents to immediately answer difficult questions. For example, if you’re in an emergency room the app will provide info to your family members, leading to improved health outcomes. Because you can create as many profiles as you want, use MYLO to store info about yourself, your aging parents, spouse, siblings, children, and friends.
07
May
May
Although you may not own millions, your estate needs a proper legal plan, or an estate lesson plan. Estate is a general term referring to everything you own.
Assets, California Law, Estate Planning, Heirs, Inheritance, Trusts, Uncategorized
Disinherit Your Children?
30
Apr
Apr
Regardless of why a parent would disinherit a child, they should not disinherit as a tool to manipulate. Disinherited children may feel angry. This could lead to turmoil within the family.
Assets, Estate Attorney, Estate Planning, Heirs, Probate, Trusts
More Estate Planning for Unmarried Partners
16
Apr
Apr
Naming your partner as the pay-on-death (POD) or transfer-on-death (TOD) beneficiary often leads to pitfalls. Some of these occur when you name them on beneficiary designation forms. The POD or TOD option allows you to maintain control of the account during your lifetime.