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20/20 in 2020? Tax Savings through Lifetime Gifting

Don't Look Back and Wish You'd Seen the Opportunity to Save Taxes for Subsequent Generations through Lifetime Gifting   Heading into a volatile election season, the risk of higher income and estate taxes in 2021 and beyond is a very real concern for our affluent clients. Today’s federal income and estate taxes are historically low (even

2020-09-08T09:30:22-07:00September 8th, 2020|Tags: , , , , |

Simple But Powerful Planning Opportunities For 2020 and Beyond

Under today’s laws, very few American families need to worry about the 40% estate tax being applied to their loved ones’ inheritances. An individual can pass $11.58M without estate tax and a married couple just over $23M. However, under tomorrow’s laws (tomorrow being the end of 2025), more families will need to be creative to avoid estate tax – the

2020-06-10T13:40:06-07:00May 12th, 2020|Tags: , , , , |

LLCs – great for asset protection during life; but beware of pitfalls at your passing

Pretty much all California real estate owners are aware of Proposition 13, the benefit granted to existing real estate owners, restricting property tax increases to a maximum of 2% per year.  Many real estate owners are also aware of Proposition 58, which provides a “parent-child exclusion” from the normal rule that eliminates Proposition 13 protection from

2020-01-13T12:17:08-08:00January 13th, 2020|Tags: , , , |

Five Reasons to Embrace the Emotional Side of Estate Planning

As we are enjoying these last few days and weeks of summer, perhaps travelling or spending time at the beach, is it possible that estate planning isn’t the first thing on our minds? 😊 When you hear the phrase “estate plan,” you might first think about paperwork. Or your mind might land on some of the

2019-08-13T13:16:48-07:00August 13th, 2019|Tags: , , |

Discretionary / Continuing Trusts – How to Protect Beneficiaries and Their Inheritance from Bad Decisions, Divorce or Outside Influences

Although leaving your hard-earned assets outright to your adult children, grandchildren, or other beneficiaries after you die may seem like the easiest and most desired form of distribution for the beneficiaries, this scheme will make their inheritance easier prey for creditors, predators (e.g. lawsuits), and divorcing spouses.  Instead, consider using discretionary trusts (aka continuing trusts) for

2019-08-13T13:16:57-07:00July 28th, 2019|Tags: , , , , , |

Successful Trust Administration – A Map for Your Treasure

I’m an Estate Planning paralegal with a focus on Trust Administration.  Trust administration is the process of carrying out the terms and wishes of the creators of the trust because something has happened to them – such as incapacity or their passing away.  Unfortunately, in all the years that I have been a Trust Administration Paralegal,

2019-07-18T16:18:19-07:00July 18th, 2019|Tags: , , |

What Does an Estate Planning Paralegal Do? Google It.

My guess is when you searched Google on what exactly Estate Planning Paralegals do, your search provided a very ordinary, solid, routine list of tasks. Estate Planning Paralegals support the attorney by talking and meeting with clients. Estate Planning Paralegals also prepare drafts of trusts, wills and other estate planning documents. I have been working as

2019-07-18T16:16:23-07:00June 11th, 2019|Tags: , , , |

Three Legal Strategies When Facing A Major Health Event

I started writing this blog post a couple of months ago before the health issue that I’ve been dealing with for a few decades became a more near-term focus. I hope that it can be helpful to our clients and friends who have faced or are facing personal or family health issues of their own. I

2019-05-28T12:14:48-07:00May 28th, 2019|Tags: , , , |

Excellent Customer Service. Is It Still Important?

Whatever type of business you have, customer service will always be important. How does it feel when you call a business and they remember who you are? It feels awesome, right?  It is like when Norm (from the 1980’s sitcom "Cheers") walks into the bar and what happens…wait for it………. Everyone yells, "NORM!"  It feels like

2019-09-10T13:49:17-07:00May 16th, 2019|Tags: , , |
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