Helping clients establish or update an estate plan involves more that creating a will or a living trust. Planning for possible incapacity as well as distribution of our assets after death is an important step. Having a Durable Power of Attorney and Advance Health Care Directive will prove invaluable in the event of your incapacity by designating others to have authorization to manage your personal and financial assets and deal with decisions about your medical care is important to avoid to a costly and time-consuming conservatorship.
In order to avoid the probate process after a death, it is important to have assets properly titled or have a living trust that is reviewed and updated occasionally to meet your current needs. We can evaluate your circumstances and properly advise you if you need a living trust or if a will and proper titling of assets is sufficient. Since estate and gift taxes can result in a great burden to a beneficiary and impact your estate plan, tax planning is important to achieve the greatest benefit to an estate plan. We work with clients and their tax and financial advisors to evaluate options to save estate, gift and capital gains taxes by considering the use of life insurance trusts, irrevocable trusts, family limited partnerships, limited liability companies, educational or pet trusts and family foundations.
We invite you to inquire about creation of a new estate plan to protect your family or to do a review of existing documents that may need updating to achieve your goals.
Other practice areas we assist clients with in addition to estate planning and incapacity issues includes trust administration, post mortem tax planning, conservatorships, guardianships, exit planning for business owners, and litigation regarding estates and trusts. Our desire is to create estate plans for our clients that will avoid litigation and our expertise in crafting language to avoid or discourage litigation is one of our greatest goals. Let us help you protect your legacy for your loved ones and favored beneficiaries!
- Charitable Trust Overview Advisory
- Leaving a Legacy for a Non-Profit Through Charitable Donations (Direct Giving and Charitable Remainder Trusts)
- Inadequate Estate Planning Can Result in the Loss of Favorable “S” Corporation Tax Status
- Estate Planning for U.S. Non-Citizens and Residents
- Irrevocable Life Insurance Trusts for Estate and Tax Planning
- Reviewing Existing Estate Planning Documents
- Your Rights as a Trust Beneficiary
- Estate Planning For Second Marriages
- Designating Agents to Control Access to Digital Property if You Cannot Do it Yourself
- Powers of Attorney Forms, Health Care Directives & HIPAA Authorizations as a Planning Tool for Incapacity
- Properly Disinheriting An Heir Under California Law
- Do You Have an Exit Plan?
- Taxation of Limited Liability Companies
- California State Taxes and Non-Resident “S” Corporation Shareholders
- Federal and State Taxation of New Corporations
- Annual Filing Requirements for Tax Exempt Organizations
- Tax Reporting Requirements for Single Member Limited Liability Companies
- Entity Tax Comparison Chart
- Taxes on Settlements
- Reducing Your Real Property Taxes Now!