You took the time to craft a comprehensive estate plan that details the distribution of your assets and provides financial security to your loved ones through trusts. Now, unfortunately, you realize you neglected to mention your numerous digital assets. In recent...
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What you need to know about special needs trusts
If your loved one in California has special needs, it's not always easy to tell if they will outlive their money. A special needs trust can provide financial security and comfort for your loved one in the future. Read on for more information about these trusts. What...
Proposition 19 and property transfers in California
The property tax regime in California is complicated. For many years, the state has limited the amount by which real property taxes can be raised while the property is held. In a sale between strangers, the value of the property will be reassessed, and the tax rate...
Will you need a medical or financial power of attorney?
It's hard to deny that life is sometimes unpredictable. Considering that, you might be wondering about what happens to your assets when you pass away or are otherwise incapacitated. To help ensure the ones you leave behind get taken care of, you might need either a...
When to update an estate plan in San Jose, CA
Many people make the mistake of creating an estate plan and then never revisiting it. While it may seem like they’ve done their due diligence simply by creating an estate plan, there are several life events that can create the need for a change in an existing estate...
How to plan for a person with special needs
If you're taking care of someone with special needs in California, you've probably wondered who's going to take care of that person after you pass away. To make sure he or she receives the best possible care, it's important to start planning sooner rather than later....
A special needs trust can be a life saver
Families who have a loved one with special needs may have many worries, including the cost of their care and how to plan for their long-term needs. Well-intentioned family members may look to wills or other estate planning documents to provide monetary support for...
When should I update my will?
Creating a will takes time and effort. You have to think through who you will give your assets to and choose who will serve as your children’s guardian and your estate executor. Once you have a will, you may think you don’t need to revisit it – well, at least not for...
Flexibility and many benefits of a charitable trust
Effective estate planning promotes distinct and multiple goals. One central aim on the mind of many planners is asset protection. Another is family legacy and making a positive and lasting social impact. We note at the established Bay Area estate planning Law Offices...
You’ve created your estate plan. Now ensure it works as planned.
Reportedly, even many estate planners who just crafted a plan and are pleased with the results end up being less than satisfied a few year later. Why should that be the case? Forbes financial writer Bob Carlson can point to a deep well of reasons that materially...