BLOG
What is a Family Limited Partnership (FLP)?
A family limited partnership (FLP) is a business partnership between family members. Each family member puts in money to run a business project. Typically, every
What is Estate Tax?
Estate tax is a tax paid on the total value of a deceased person’s estate. The assets that can make up an estate include money,
What Are the Biggest Challenges After Receiving a Sudden Windfall?
Receiving sudden wealth can come from many different sources. From winning the lottery to inheriting money from a distant relative, a sudden windfall can bring
What is a Dynasty Trust?
A dynasty trust is a type of long-term trust created to pass wealth down to multiple generations. The main advantage of a dynasty trust is
What is a Living Will?
Despite their similar names, a living will and a last will are two vastly different legal documents. A living will, also known as a healthcare
What is a Testamentary Trust?
A testamentary trust is a trust created in a last will and testament. The creator of the trust, also called the grantor, leaves instructions in
What is a QTIP Trust?
A QTIP trust, or Qualified Terminable Interest Property trust, is a type of irrevocable trust that is often recommended for blended families. A QTIP trust
What Are Digital Assets?
Digital assets are any assets that are stored digitally. They can have monetary or even sentimental value and may be stored online, on a mobile
What is an Executor?
An executor of a will or estate has been chosen to carry out the deceased individual’s final wishes. This could include donating to charity, paying
What is a Qualified Personal Residence Trust (QPRT)?
A qualified personal residence trust is an irrevocable trust that allows the creator to remove a property from their estate. This is done to reduce
How Does a Dynasty Trust Work?
If you are interested in long-term wealth planning, you may have heard of a dynasty trust. A dynasty trust is an irrevocable trust that can
What Should a Business Estate Plan Include?
If you are a business owner, creating an estate plan is essential to protect your business and your legacy. Your estate plan preserves your business
Why Every Parent Needs an Estate Plan
As parents, we devote our lives to nurturing and providing for our children, ensuring their safety, and building a secure future for them. However, amidst
The Role of Life Insurance in Estate Planning
Estate planning is a crucial aspect of ensuring the smooth transfer of assets and wealth to future generations. While many people associate estate planning with
How Estate Planning Helps Minimize Estate Taxes
Estate planning is a crucial aspect of financial management that involves making arrangements for the transfer of your assets and properties after your demise. While
The Importance of Regularly Updating Your Estate Plan
Estate planning is a crucial aspect of ensuring that your assets and final wishes are handled appropriately when you pass away. However, creating an estate
Understanding the Role of Executors in Estate
Introduction Estate planning is a crucial aspect of one’s financial well-being, ensuring that their assets are distributed according to their wishes after their passing. An
What is Probate?
Estate Planning What is Probate? Probate in California is a court supervised process that is used to wind up a person’s legal and financial affairs
What Will a Living Trust Do for You, And Why Hire a Lawyer?
One of the most common misconceptions about estate planning is that the only document you really need is a will. Actually, in order to achieve
What 5 Things Should You Be Discussing with Your Will and Trust Attorney?
The relationship you have with your wills, trusts, and estates attorney should be close and collaborative. In order to develop an estate plan that fully
Answered. When is the Right Time to Hire an Estate Planning Law Firm
Answered! When is the Right Time to Hire an Estate Planning Law Firm It can be tempting to delay the estate planning process for
