Rather than ignoring an uncomfortable topic, think proactively about the challenges of living with mental illness.
Category Archives: Assets
15
Oct
Oct
A life insurance policy sometimes provides money for continuing care of family members with long-term disabling health conditions.
24
Sep
Sep
Unfortunately, despite our best efforts, millions of people misplace wills and trust documents.
Assets, Estate Planning, Inheritance, Life Changes, Trusts, Uncategorized
Community Property or Separate Property
10
Sep
Sep
At the time of a death, the legal determinations ensure that the court distributes inheritances in an orderly fashion. Issues may arise during death or divorce depending on whether you live in a community property or separate property state. Based on differing expectations of all parties involved, disagreements may arise.
20
Aug
Aug
Does creating or updating your estate planning seem daunting? If so, this blog addresses common questions senior citizens ask about estate planning.
Assets, California Law, Estate Planning, Heirs, Inheritance, Taxes, Trustee, Uncategorized
Wealth Transfer Checklist
23
Jul
Jul
To help your loved ones avoid this troubling statistic, educate, and update your extended family about wealth transfer goals. Finally, it alerts them to the plan you created to achieve these goals.
16
Jul
Jul
The person who was paid must not have been reimbursed by their insurance company. Reimbursed amounts do not qualify for eligibility under the unlimited medical exclusion tax-free gift category.
Assets, California Law, Estate Planning, Inheritance, Taxes
Inheritance: Leave Gifts for Grandchildren
25
Jun
Jun
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.
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.
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.