Cryptocurrency is somewhat trendy, leading some to consider including cryptocurrency in their estate planning. You need to understand the tax consequences, legal issues, and how you hold your cryptocurrency if you plan to include it in your estate plan. By the time you read this article, some of the laws concerning cryptocurrency will likely have […]
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How Do I Leave Assets to Minors in California?
When preparing an estate plan, special care is needed where a person wishes to leave assets to a minor. This is because asset or property transfers to a minor are often governed by the California Uniform Transfers to Minors Act (UTMA). Our California estate planning attorney can answer any questions you may have about how […]
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Understanding Charitable Remainder Trusts
Many people have a goal of leaving some of their money to charitable or philanthropic organizations through their will or trust. Charitable remainder trusts make it possible for a person to give to the charitable organizations they choose during their lifetime while still having access to needed assets. If set up properly, a charitable remainder […]
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Two Types of Trusts: Which Provides Better Protection Against Creditors?
If you are considering putting your assets in a trust, you may wonder which type of trust can best safeguard your assets against creditors. While there are many types of trusts, the two most common trust forms are “revocable” and “irrevocable” trusts. Our California trust attorney can help you determine which type of trust best suits your […]
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Three EASY Asset Protection Tips You Can Use RIGHT NOW
You may have heard about asset protection planning and assume it only applies to very wealthy individuals or people in high-risk professions. In reality, asset protection is not only about protecting your assets from creditors. It can also protect you and your loved ones from unforeseen events. Our experienced California estate planning attorney can evaluate if […]
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What’s the Problem With DIY Wills?
Many people wonder why they shouldn’t prepare their own will. After all, websites abound with “free” legal advice, and it’s easy to get forms and templates off the internet. While it may seem simple and less expensive to DIY your will, drafting mistakes or document execution issues can have serious consequences. Consequences may include a […]
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Business Succession: Put It in Writing While There’s Time
You might have put some of your best years into building your company, but if you do not create a written business succession plan, your company may close down before its time. Just because you have capable people working at the business, that does not mean that they want to or are able to take […]
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How to Administer a Trust in California
Many people are interested in creating a living trust in California to avoid probate and to enjoy many of the other advantages that a living trust provides. But not everyone understands how to administer a trust in California after the death of the trust’s initial creator, often called the settlor. There are many rules you need to […]
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Five Hidden Traps in Outdated Living Trusts
If your living trust is five or 10 years old or more, it might look fine on its face. But there may be problems hiding within your estate plan that will rear their ugly heads when it is time to put your trust document into action. The time to fix these issues is now, before […]
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Investing in Cryptocurrency: The Hot Tax and Estate Planning Issues
Investing in cryptocurrency is a trend that appeals to many because banks and governments cannot directly control this asset, and there is a limited level of privacy involved in its ownership and financial transactions that use crypto. The Internal Revenue Service (IRS), however, takes taxation issues of crypto quite seriously. Also, there are things you […]
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