Legal Representation In Burlingame, California

July 2019 Archives

Benefits associated with a dynasty trust

California estate owners who have a desire to pass along assets to subsequent generations may consider the benefits of creating trusts. It's an appealing option because of tax advantages and the ability to have more control over how assets are distributed. A dynasty trust is simply an estate planning tool meant to last longer than one generation below that of the trust's creator (grantor).

Estate planning for the chronically ill

There are over 130 million people throughout the the United States who have a chronic illness. By the time 2020 arrives, there will be almost 157 million people in the country living with a chronic illness. People who have a chronic illness should make sure that their estate plan properly addresses the issues that come with health and aging complications.

Common reasons for contesting a will

When a loved one passes away, emotions can be heightened, and topics relating to their estate can be sensitive. If you are surprised by the contents of your loved one's will, you may react in unexpected ways. It's common to feel anger, sadness and even betrayal. It is important that you take the time to process these emotions before you move forward and decide what action to take.

The pros and cons of a TOD designation

Individuals who live or own property in California may want to avoid going through probate. Certain assets can avoid the probate process by placing a transfer on death, or TOD, designation on them. Bank accounts, the deed to a house and other assets typically qualify for this designation. It is important to note that once this designation is made, it trumps any language placed in a will. Therefore, it is important to regularly review TOD accounts.

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Barulich Dugoni & Suttmann Law Group, Inc.
577 Airport Boulevard
Suite 400
Burlingame, CA 94010

Phone: 650-292-2900
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