Tag Archives: San Jose
The Probate Court Process; What Constitutes a Proper Will; Contested Wills
The most important message we like to communicate about probate court is that it should be avoided at all costs – under most circumstances. We recently discussed this issue on our weekly radio and web broadcast on KDOW 1220 AM, … Continue reading
Posted in California Trust Law, Estate Planning, Probate, Radio Show: Wealth Preservation and You, Trusts & Estates
Tagged Bay area, beneficiaries, California Estate Planning Attorney, California Probate Code, complex family structure, conflict of interest, Connie Yi, Contested Will, designated beneficiaries, disinterested parties, estate planner, executor of the estate, Financial accounts, fireproof lockbox, IRA, jurisdiction, KDOW, liquid assets, Mark Morris, no contest clause, own handwriting, Pleasanton, Probate, probate court, Proper Will, public notice, safety deposit box, San Francisco, San Jose, San Mateo, state of mind, testamentary intent, trustee, undue influence
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Whitney Houston Update; IRS Publishes “Fresh Start” for Struggling Taxpayers; California Residency
We are in the heart of tax season, so naturally we have recently been addressing many related issues. We wish we had time to discuss them all on our weekly radio and web broadcast on KDOW 1220 AM, and then … Continue reading
Posted in Estate Planning, Tax Law, Income Tax, Estate Tax, Trusts & Estates, California Trust Law, Trust Administration, Probate, Family Law, Asset Protection, Radio Show: Wealth Preservation and You, Filing Your Tax Return
Tagged Bay area, California Franchise Tax Board, California resident, California state income tax, Connie Yi, Estate Planning, estate planning attorney, estate taxes, executor, Facebook IPO, family law, federal law, Fresh Start, Income Tax, inter vivos trust, Internal Revenue Service, IRS initiative, IRS.gov, KDOW, legal residency, Living Trust, LLC, MP3, Nevada, Pleasanton, podcast, Probate, probate court, probated will, professional tax adviser, San Francisco, San Jose, San Mateo, settlor, Silicon Valley, social networking, struggling taxpayers, tax season, telecommuter, testamentary trust, W-2, What Ifs, Whitney Houston, will trust
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Estate Planning for Special Assets: Family Business, Out of State Assets, Companion Animals, Trustee Duties
When we have previously discussed estate planning, we’ve primarily focused on situations that involve the basics of how to handle real estate or liquid assets like stocks and bonds, so your beneficiaries receive as much as possible of your estate … Continue reading
Posted in Estate Planning, Business Law, Estate Tax, Trusts & Estates, Trust Administration, Succession Planning, Partnerships, Asset Protection, Radio Show: Wealth Preservation and You
Tagged Estate Planning, Connie Yi, attorney, IRS, Offshore Assets, companion animal, San Francisco, San Mateo, San Jose, Pleasanton, estate planning attorney, KDOW, Bay area, tax return, Wealth Management and You, inheritance tax, Special Assets, Family Business, Out of State Assets, Companion Animals, real estate, liquid assets, overseas bank accounts, Treasury Department, back taxes, succession planning, family dynamics, Family Limited Partnership, FLP, Limited Liability Corporation, LLC, asset protection trust, Small Business Administration, Husband and Wife Business, Family Partnerships, dentist, farmer, vineyard, dental practice, dental care, dental broker, legal practice, food and beverage, real estate development, Companion Animal Trust, family limited partnership flp, stocks and bonds, offshore bank, business structures
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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 California Trust Law, Estate Planning, Probate, Trust Administration, Trusts & Estates
Tagged 401(k), Bay area, beneficiaries of the estate, brokerage firm, California Trust Attorney, Certificate of Ownership Report, Community Property, conflict of interest, Connie Yi, Duty of Loyalty, employment benefits, estate plan, estate planning package, Estate Tax, fatal accidents, inheritance tax, IRA, IRS, Joint Tenancy, KDOW, Living Trust, open enrollment period, Pleasanton, pre-paid legal services, Probate, Recorder’s office, retirement account, Revocation of Trust, right of survivorship, San Francisco, San Jose, San Mateo, successor trustee, Transfer of Property, transfer the title, Wealtlh Management and You
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Community Property vs. Separate Property in California: Why the Facebook IPO Makes This Topic Relevant
It is fairly well-known that one of the primary reasons for divorce is a downturn in a married couple’s financial situation. The hardship of survival without enough money to pay your bills will put a strain on even the happiest … Continue reading
Posted in Asset Protection, California Real Estate Law, Estate Planning, Probate
Tagged Affidavit of Death, California Estate Planning Attorney, California property law, commingling, Community Property, Connie Yi, disown any interest, Divorce, Facebook IPO, Facebook stock, financial boom, financial bust, gift from parent, inheritance, Joint Tenancy, Joint Tenant title, KDOW 1220 AM, Living Trust, major cause for divorce, married couple, Palo Alto, Pleasanton, podcast, radio show, re-insure title, Recorder’s office, registered domestic partners, San Francisco, San Jose, San Mateo, Separate Property, Silicon Valley, states that recognize community property, sudden wealth, Tenancy in Common, Tenancy in Common title, title company, transmutation, webcast
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Asset Protection: Umbrella Coverage May Be Enough Based On An Assessment Of Your Risk
We recently discussed Asset Protection on our weekly KDOW 1220 AM radio show, Wealth Preservation and You. Instead of the usual approach of how to protect large amounts of valuable assets, we looked at the subject from the perspective of an … Continue reading
Posted in Asset Protection, Business Law, Estate Planning, Partnerships, Radio Show: Wealth Preservation and You, Starting a New Business, Succession Planning
Tagged 401(k) account, Alaska, artwork, Asset Protection, automobiles, Bay area, business partners, business planning, car collisions, caveat emptor, charging order, children's education, consumers, corporate assets, cross-state LLC registration, Delaware, do-it-yourself asset protection, gold jewelry, heart attacks, inside creditors, KDOW 1220 AM, landlords, lawsuit, living trusts, LLC versus corporation, middle-class homeowner, Nevada, New Jersey, outside creditors, personal assets, Pleasanton, radio show, rental property, retirement, San Francisco, San Jose, San Mateo, savings account, small-business owner, State Farm insurance agent, stocks, tenants, umbrella insurance, umbrella policy, Wealth Preservation and You, Wen Ling Cheng, worst-case scenario, Wyoming
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Tis The Season For Charitable Gifting: Options Include Charitable Trusts, Private Foundations & Donor-Advised Funds
Seasons greetings! With the holidays upon us, along with the looming end of the tax year, our thoughts have turned to charitable gifting as a way to help those in need, by diverting a portion of potential tax payments to … Continue reading
Posted in Charitable Planning, Estate Planning, Tax Law, Trusts & Estates
Tagged 2011 tax year, arms length, brokerage account, capital gains tax attorney, capital gains taxes, Certified Public Account, Charitable Gifting, charitable giving, Charitable Lead Trust, charitable organization, charitable planning attorney, Charitable Remainder Trust, Charitable Trust, charitable trust fund, Charitable Trusts, Charitable Unit Trust, Charles Schwab, Connie Yi, direct donation, Direct Gift, Donor-Advised Fund, Donor-Advised Funds, Donor-Advised Funds Guide Sheet, fair market value, financial records, IRS, IRS.gov, KDOW, letter of confirmation, Life Cycle of a Private Foundation, non-profit, not-for-profit organization, Office of the Attorney General, Pleasanton, Private Foundation, Private Foundations, San Francisco, San Francisco Bay Area, San Jose, San Mateo, self dealing, stock ownership, tax calculations, tax filing, Tax Information for Charities, tax law attorney, The Law Offices of Connie Yi, transfer ownership, trustee, Vangaurd
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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 Uncategorized, Estate Planning, Tax Law, Estate Tax, Trusts & Estates, Trust Administration, Family Law
Tagged Estate Planning, certified public accountant, San Francisco Bay Area, tax law attorney, San Francisco, San Mateo, San Jose, Pleasanton, estate plan, Special Needs Trusts, tax codes, first-party special needs trust, self-settled special needs trust, third-party special needs trust, sole-benefit special needs trust, family-type special needs trust, living special needs trust, inter vivos special needs trust, type A special needs trust, court-order special needs trust, pooled special needs trust, government benefits, autism, Downs Syndrome, Special Needs Trustee, trust fund, mental disabilities, physical disabilities, temporary incapacitation, drug dependency, alcohol dependency, Living Trust, hereditary diseases, Trust protector, Proxy Parent Foundation, Planned Lifetime Assistance Network of California, National Alliance on Mental Illness, NAMI, World Institute on Disability, WID, Special Needs Alliance, SNA, Autism Speaks, FindLaw.com, About.com, estate planning attorney, California, 4th-quarter taxes, January 15th, Tax Audit, KDOW
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