HOLDING REAL ESTATE IN CALIFORNIA: Benefits of an LLC and a Trust Owning investment properties can produce big rewards, but also big problems. This is why it is important to hold title to your property in the most beneficial way. A smart investor should consider using both a LLC and a trust to adequately protect … Read more

Estate Planning in 2013

The new year began with some political drama, as last-minute negotiations attempted to avert sending the nation over the “fiscal cliff.” Technically, we actually did go over the cliff, however briefly, as a host of tax provisions and automatic spending cuts took effect at the stroke of midnight on December 31, 2012. However, January 1, … Read more

9 Estate Planning Success Tips

9 Estate Planning Success Tips Keep your will or trust up to date. Keep your legal residence address, marriage status, children, guardian list, etc. updated. Keep track of beneficiaries for all of your IRAs, qualified plans and insurance policies.Do you know who your beneficiaries are for these assets? If you don’t, they may be going to … Read more

What is Probate

If a person executes only a will or fails create Estate Planning documents, then at their death their estate will be subject to probate. Probate is a court procedure that oversees payment of debts and transfer of assets following an individual’s death. Probate is an option you do not want to take because of the … Read more

529 Plans Estate Planning

Not only are 529 plans an excellent way to fund a child’s future college expenses, but 529 college savings plans are also an important estate planning tool. In fact, for wealthier families, a 529 plan offers excellent opportunities to transfer wealth as part of your overall estate plans. 529 Plan Rules Today, all 50 states and the … Read more

Be Smart Create an Estate Plan

If you do not have an estate plan, then you and your property will end up in a court-supervised probate, guardianship or conservatorship proceeding. Thus, if you do not have an estate plan, then there is no way for your loved ones to know what you really wanted and your property may be distributed to … Read more