Tag Archives: estate plan
Trust Administration: Gifts and Personal Possessions, Internal Family Litigation, Elder Abuse
Family dynamics can be difficult to manage in the best of times. When the assets of an inherited estate are at stake, they can be even more problematic, especially when a complex family structure that includes children from multiple marriages … Continue reading
Posted in Estate Planning, Family Law, Trust Administration, Trusts & Estates
Tagged addendum to estate plan, blended family, camera, cash gifts, conservator, Elder Abuse, estate plan, family litigation, fiduciary responsibilities, gift lender letter, inheritance, insurance claim, lifetime gift, reasonable compensation, special needs, tax organizer, Trust Administration, trustees duty, video camera
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Tax Planning for Next Year; Digital Assets; Loan Modification & Deed-in-Lieu Programs; Trusts & Trustees
As the dust of this year’s tax season settles, our thoughts have already started to drift toward preparing next year’s returns. It is never too early to consider how to pay less taxes (or to be better prepared for next … Continue reading
Posted in Asset Protection, Filing Your Tax Return, Loan Modification, Tax Return Preparation
Tagged Android, Apple, back taxes, back-up system, beneficiaries, benefit deductions, borrower, call-in show, Deed-in-Lieu, digital files, distressed properties, estate plan, file tax returns electronically, fireproof container, foreclosure, HAFA, Home Affordable Foreclosure Alternatives, IRS audit, IRS2Go, lender, liens, Living Trust, loan modifications, maximize deductions, minimize taxes, mobile device, paper receipts, pay less taxes, paycheck stubs, payroll deductions, podcast, probate minimum, professional relationship, receipts, record-keeping, Scan, short sale, social site account, status of your refund, tax deductions, Tax Preparer, tax professional, tax refund, transfer real estate, Trustees, underwater real estate
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Gifts For Your Children: Selling or Transferring Property To Your Kids (Plus a Few Tax-Time Tips)
At this time of the year, we feel compelled to remind our followers of a couple of tax-time tips, all of which we have discussed several times in recent months: Recent changes to the law have forced financial institutions that … Continue reading
Posted in Estate Planning, Estate Tax, Gift Tax, Radio Show: Wealth Preservation and You, Residential Real Estate, Tax Law, Trusts & Estates
Tagged Brokerage Accounts, estate plan, Estate Tax, fair market value, inheritance, inheritance tax, irs office, licensed real estate broker, Offshore Assets, real estate, tax time tips
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Trust Provisions: A-B Trust vs. A Trust; College Planning: How to Fund Higher Education
We frequently mention that trusts are a good way to avoid the probate process, which takes time, costs money, and has an unknown outcome. The A Trust and the A-B Trust are two popular types of trusts to help married … Continue reading
Posted in College / Higher Education, Estate Planning, Family Law, Radio Show: Wealth Preservation and You, Trusts & Estates
Tagged 529 college savings plan, A-B Trust, Campus Pathway, charitable organization, College Planning, death tax legislation, estate plan, estate tax exemption, generation-skipping, home equity line of credit, inheritance tax, irrevocable trust, Jeffrey Morrison, life insurance policy, marital deduction, married couple, Probate, registered financial adviser, student loan, Trust Provisions, UCLA, USC
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Set Up a Trust as Part of Your Estate Plan for Smooth Transfer of Property When the Inevitable Occurs
As a follow-up to our previous discussion about how to transfer the title of real estate that is community property when the owner of the property dies, we were recently asked a question similar to this: Why should my spouse … Continue reading
Posted in Estate Planning, Trusts & Estates, California Trust Law, Trust Administration, Probate
Tagged Estate Tax, Probate, Connie Yi, IRS, San Francisco, San Mateo, San Jose, Pleasanton, estate plan, Living Trust, KDOW, Bay area, Community Property, Joint Tenancy, Recorder’s office, Transfer of Property, right of survivorship, fatal accidents, inheritance tax, pre-paid legal services, employment benefits, estate planning package, open enrollment period, beneficiaries of the estate, transfer the title, brokerage firm, retirement account, 401(k), IRA, Certificate of Ownership Report, successor trustee, Revocation of Trust, Duty of Loyalty, conflict of interest, Wealtlh Management and You, California Trust Attorney
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Living Trust And Estate Tax Laws May Change. Will Your Estate Plan Still Be Appropriate?
We have recently written about living trusts, and their impact on estate taxes, but we feel the need to address this topic again, because of the uncertainly concerning the current federal estate tax laws, which expire at the end of … Continue reading
Posted in Estate Planning, Estate Tax, Radio Show: Wealth Preservation and You, Tax Law, Trust Administration, Trusts & Estates
Tagged $1-million, $5-million, abandoning property, divide an estate, estate plan, Estate Tax Laws, estate tax-rate, estate taxes, KDOW, life trust, Living Trust, living trusts, no contest clause, non-traditional families, power of termination, tax liability, transfer trust, trust fund, trust fund beneficiaries, trustee powers, trustee protector
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Special Needs Trusts for Children and Elderly Require Careful Estate Planning and Long-Term Financial Considerations
As a part of our recent focus on trusts and estates, the topic of our most recent radio program on Saturday afternoon was Special Needs Trusts, which are becoming a much more frequent part of family estate plans. We covered … Continue reading
Posted in Estate Planning, Estate Tax, Family Law, Tax Law, Trust Administration, Trusts & Estates, Uncategorized
Tagged 4th-quarter taxes, About.com, alcohol dependency, autism, Autism Speaks, California, certified public accountant, court-order special needs trust, Downs Syndrome, drug dependency, estate plan, Estate Planning, estate planning attorney, family-type special needs trust, FindLaw.com, first-party special needs trust, government benefits, hereditary diseases, inter vivos special needs trust, January 15th, KDOW, living special needs trust, Living Trust, mental disabilities, NAMI, National Alliance on Mental Illness, physical disabilities, Planned Lifetime Assistance Network of California, Pleasanton, pooled special needs trust, Proxy Parent Foundation, San Francisco, San Francisco Bay Area, San Jose, San Mateo, self-settled special needs trust, SNA, sole-benefit special needs trust, Special Needs Alliance, Special Needs Trustee, Special Needs Trusts, Tax Audit, tax codes, tax law attorney, temporary incapacitation, third-party special needs trust, trust fund, Trust protector, type A special needs trust, WID, World Institute on Disability
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HARP and Other Options for Underwater and Troubled Real Estate in Your Estate Planning
This past week brought a bit of relief to a portion of the millions of American homeowners whose home mortgages are “underwater” when the White House announced revisions to the Housing Affordable Refinance Program (HARP). The changes to HARP, which … Continue reading
Posted in Distressed Property, Estate Planning, Estate Tax, Short Sale, Strategic Foreclosure
Tagged cancellation of debt, capital gains tax, credit scores, Department of Housing and Urban Development, Department of the Treasury, estate plan, Estate Planning, Fannie Mae, foreclosure, Freddie Mac, HARP, home mortgages, Housing Affordable Refinance Program, Housing Market, Loan Modification, mortgage payments, second mortgage, short sale, tax exemptions, troubled real estate, underwater real estate
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