Property Tax Transfers and Proposition 19 The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act, or Proposition 19 (Prop 19), was approved by voters in California in November 2020. Prop 19 has several parts. It...
Estate planning is a necessity when it comes to protecting your loved ones and assets after your death. There is a lot to understand when estate planning, so it's best to gain a solid understanding of terminology and concepts before you start planning. Learn more...
When to Start Estate Planning When you think about wills, trusts and estate planning, it's natural to assume they are things you don't need. You might be young or not own many things of value just yet. If you're older, you might think you don't own enough or have...
When you ponder your estate planning options, there are myriad investment strategies to consider. Some are more lucrative and volatile than others, which can add to your confusion. Unless you have spent the past few years living under a rock, you have certainly heard...
When a loved one passes, it is important to be sure that their friends and family follow the decedent's correct will. This legal document determines who inherits what, as well as any other last wishes of the deceased. A potential beneficiary can contest a will if they...
The use of trusts has grown in popularity in recent years. Testators use this estate planning tool to minimize tax obligations and gain better control over their assets' distribution. One type of these that is popular among testators is an incentive trust. Its owner...
The birth of a baby is a new start and a very exciting, if exhausting, time for new parents. While you are likely to focus on the immediate needs of your child and the near future, bringing new life into the world is a good time to think about the long-term future as...
Almost everyone in California knows that it's important to have an estate plan, but most people do not know everything a plan can do. This can have consequences for the testator and their family. Not only can you cost your heirs unnecessary time and money with help...
If getting wed for a second time, you need to take great care with your estate planning. Failing to do so could result in you leaving assets to the wrong people when you die. Update your estate plan anytime there is a significant life event When you end your first...
It is all too easy for people with significant and diverse assets to underestimate the value of their resources and the amount of planning necessary to preserve them for the next generation. Wealth preservation planning is complex, especially if you have an...
