Blended families, in which spouses have remarried and bring children from previous marriages into the new family, face unique challenges in estate planning. Remarried spouses may have different assumptions about allocating expenses, managing individual debt, and how children from prior marriages should be...
When done right, estate planning for physicians will also work in tandem with your financial plan to pay down your student loan debt over time. Having a solid plan for your estate will provide peace of mind. Even better, an estate plan will help ensure that your hard-earned assets (and ...
However, because each state has its own specific laws addressing 529 Plan withdrawals, and not all states provide that withdrawals for K-12 tuition will be exempt from state income taxes, taxpayers should consult with their advisors to confirm the rules in their respective states. Planning to ...
Focuses on the possible elimination of the United States federal estate and gift tax. Views of Democrats versus Republicans on the issue; Details regarding wills, estate-planning strategies, and living wills; Why the elimination of estate tax will mean greater income taxes....
Some people want to deviate from the basic rules that are put forth by these different states and they might want to create a will so that they can have their proposed and desired way of distributing the estate assets. Sometimes you need to do it for tax planning, sometimes...
and then if they get divorced, half that money might be gone or if they pass away, all that money might be gone to a spouse, versus leaving it to your children in trust where if something were to happen to them, whatever they keep inside of the trust would be protected from the divo...
Estate Planning Elder Law Public Benefits (such as Social Security, Supplemental Security Income, Medicaid,Medi-Cal, Medicare,Veterans' Pension Benefits) Trust Administration Probate Financial Elder Abuse Will & Trust Contests In other words, we are a full-service trust and estates law firm that doe...
planning is that they want to avoid probate. And too often we think people, we see people that they think they have a plan that will avoid probate. But when we do our estate planning audit, where we take a look at where you’re at, and figure out where you want to go, as we’...
Estate planning is about preparing for the management of your affairs and distribution of your assets during and after your lifetime. A great estate plan will minimize (or eliminate) taxes and other major expenses like probate and losing it all to a nursing home. A plan also prepares for ...
A living trust becomes valid immediately after you execute documents, and your property is transferred into that trust. Then it’s up to you to manage those assets. If you’re an investor, then you can look at it as a form ofactive managementversuspassive management, only in this case, a...