Estate Planning for Newlyweds & Committed Relationships Estate Planning Basics for Newlyweds – How to Get Prepared for the Unexpected With the coming of the new year and the promise of COVID-19 vaccine, it’s more than likely the time for beautiful weddings, fun receptions, delicious cakes, special gifts, and romantic honeymoons will be with here […]
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If You Die, Do Your Children Know Where Your Assets Are? Having ‘The Talk’ With Your Children About Your Estate Speaking with adult children about who will control your assets can be a difficult conversation. It can cause hurt feelings and breed jealousy amongst family members. However, the risk of adult children being caught off-guard
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Wealth & Politics: Impact of the 2020 Election With the 2020 election looming, a push by the Democratic party to return federal estate taxes to their historic norms, taxpayers need to act now before Congress passes legislation that could adversely impact their estates. Currently, the federal estate and gift tax exemption is set at $11.58
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Who Pays Taxes on the Trust? When creating a trust, the original trust makers often ask, “will beneficiaries have to pay for income?” This article will address that. When a trust makes an income distribution, it deducts the income distributed on its own tax return and will issue the beneficiary/ beneficiaries a tax form called
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The Cost of Dying in California: Probate Fees California Residents: Have you ever about thought what happens to your stuff after you’re gone? Who gets what, and who administers your stuff? What does that process look like? Chances are if you don’t have an estate plan, your assets will be subject to mandatory court
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