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...
If your estate is worth $11.58 million or more, any dollar amount over that amount will be subject to federal estate tax of 40%. The threshold is likely to reduce in the future. If you are a high-asset couple, efficient estate planning could potentially save you...
When you achieve personal or professional success, you'll likely have a considerable amount of wealth. You'll know by now that to maintain and grow your wealth, it's vital that it's managed wisely. The more wealth you accumulate, the more time you'll need to invest in...
They say that the only things we can count on are death and taxes. For some people, the former leads to the latter -- if they don't plan ahead properly. Estate taxes, also known as "death taxes," are controversial, but they are not an issue for most estates. For the...
There is no doubt that estate planning can bring up some negative feelings. Some people don’t want to think about their eventual deaths or what will happen in their futures. It makes sense, but at the same time, having the right estate plan in place can help protect...
Creating an estate plan is a crucial part of planning for your future. However, the initial process of creating one is not the only important aspect of estate planning. Many people do not realize that they need to review and update their estate plan periodically in...
Receiving a sizable inheritance is often the result of a loved one taking the effort to create a comprehensive estate plan to protect their assets and allocate them to others after they die. If you have received a significant amount of money or physical assets, like...
