How Do I Choose the Right Trustee or Executor?

In July of 2017, the widow of actor Alan Thicke responded to a petition filed in Los Angeles Superior Court by the co-trustees of the Thicke estate regarding her prenuptial agreement with the late actor. The trustees, who are sons of the late actor, alleging that their father’s widow was threatening to make their family dispute public if the co-trustees failed to acknowledge her claims regarding certain community Read More

Can Creditors Take My Retirement Savings?

Having debt has become the new normal for adults in the United States. Between student loans, the fall of the housing market, and economic problems, a larger number of people find themselves dealing with debt when they retire. Aggressive creditors will use any method possible to collect an outstanding debt even going so far as to tell you outright lies in the hope of frightening you into promising to pay them with Read More

Three Things the IRS Does Not Want You to Know

Dealing with the Internal Revenue Service (IRS) is one thing no one in the United States enjoys. Because of its constantly changing policy and a website that the IRS themselves tell consumers not to rely on, it is easy to understand why the IRS is problematic for the average person to interact with. One of the primary reasons taxpayers dislike doing business with the IRS is because the organization is notorious for Read More

Legacy and Money in Estate Planning

Within a person’s estate, money will be the most talked about even though the riches of their experience and wisdom has much more meaning that can be passed down. You can plan to have a reinforcement of family traditions that can be also built along with your assets in your estate plan. After all, what makes a family is not the way its finances are written in a document but through traditions and values. Before you Read More

What Your Special Needs Trust Attorney May Not Tell You

Parents of special needs children face unique challenges when it comes to planning for the distribution of assets after the parents have passed away. Funds are necessary to ensure the long-term care of special needs adult children once their parents are no longer able to provide for them. The creating of a special needs trust allows a parent to be sure that his or her children are taken care of without worrying about Read More

Costly Estate Tax Return Mistakes

One of the numerous tasks that must be completed after a loved one has passed away is the filing of his or her final tax return. There is a relatively brief period of time during which the tax return is supposed to be filed, and handling a decedent’s tax return is different than filing taxes for an individual, couple, or business. The assets included in the decedent's estate, their value at the time of death, and how Read More

Inheritance and Probate Scams to Watch Out for

The number of crimes related to inheritance and probate in California seems to be increasing as third parties seek to take advantage of grieving families. Understanding that the average person has little direct experience with estate distribution, criminals are finding new ways to manipulate families into paying unnecessary fees or distributing assets unnecessarily. Each time a scam is uncovered, a new one often Read More

You Said Your Children are Looney Tunes, So You Got a Revocable Living Trust?

Creating a trust is one way a parent can continue to help their children and grandchildren after passing away. However, in some circumstances, it may not be in the best interest of you or your child to leave them a lump sum of money with no restrictions. An adult incapable of managing his or her own money, or one who has a history of making poor financial decisions, may benefit from having conditions placed on trusts Read More

Consider Long-Term Care Into Your Estate Plan

When it comes to estate planning, most people focus on what is going to happen to their assets after they die. Well, there’s more to that and one significant consideration would be the need to plan for long-term care. You don’t want to be in a position when a health issue shows up later in life. The consequences are having to plan the last minute, which then forces to rush things, having limited solutions that will Read More

How Your Children Gamble with Your Life Savings

The average parent works hard to build wealth that he or she can later pass on to their children and grandchildren. Often, these working parents grow up in low income households or witness their own parents working hard to build up a comfortable living and support a family.  Unfortunately, no matter how hard a parent tries to instill a respect for money and hard work in his or her children, the majority of a person’s Read More