Do you worry about your Digital footprint? Wonder what happens to your facebook, twiter, instagram, youtube, and other online accounts when you pass? Technology has been advancing at an extremely rapid pace and our legislatures have been working equally fast. This last January, California adopted the Revised Uniform Access to Digital Assets Act (“RUFADAA”). California … Read more
If you have a beneficiary who suffers from a disability, perhaps a handicapped minor or adult child, you should consider leaving their inheritance in a specific and specially-constructed trust commonly referred to as a Special Needs Trust to protect the handicapped child and keep them eligible for public assistance. A few issues arise for disabled … Read more
You’ve probably heard of the importance of having a Power of Attorney. Even though many of us know we need this document, many people don’t understand why we need it and what it actually does. Don’t overlook the fact that you also need to consider what would happen if you were incapacitated and unable to … Read more
The biggest mistake people make when “planning” their Estates is adding someone else’s name to their bank accounts or erroneously relying on account beneficiary designations. The problems that arise with doing so expose you to creditor liability, negative taxation and the like. Here is an example of the issues that could arise: Tiffany lost her … Read more
What is the role of a Trustee? If you have a trust, you need a trustee. A Trustee is the person who will execute your trust instrument. Many clients believe the trust can act on its own and can make its own decisions. However, a trust is a contract which lays out what is to … Read more
Unless there are compelling reasons why a specific asset should go to a specific person, you should not try to plan around specific assets. We are repeatedly asked why do I need a trust? I want to add my kid’s names as beneficiaries to my accounts and add them to the title of my property. … Read more
The beauty of the Peninsula creates picturesque backdrops for weddings. Couples from around the US and the world gather here with their families to start the new chapter of their lives. This chapter may be their first regarding marriage or it may be their second or third. When marrying, careful consideration must be made regarding … Read more
The United States is a land of opportunity, drawing people every single day. As people immigrate to the United States, it’s important for them to have their financial house in order… and often, that includes estate tax planning. At Singh Law Firm, we’re pleased to walk clients through all aspects of the estate tax law … Read more
School is in session and the little (and not so little) ones are off. You can see them in the mornings, walking through our Del Monte Forest to get to their schools on time. It is a wonderful time of year that is focused on children, routines, goals, and education. On a broader scale, as … Read more
