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Monthly Archives: September 2010
Estate Tax
Estate Tax Although some people refer to it as inheritance tax, the federal estate tax is a tax for the privilege of giving wealth. It is based on ownership by the person who has died. There is an exemption or … Continue reading
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The Health Care Power of Attorney
The Health Care Power of Attorney A durable power of attorney for health care allows one person (the principal) to appoint another person (the agent) to make health care decisions on behalf of the principal. Part of the form which … Continue reading
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Avoiding Conservatorship
Avoiding Conservatorship There are two court procedures for incapacitated adults. One is called conservatorship of the person and it designates a conservator who determines where the conservatee will live and helps with personal decisions. One is called conservatorship of the … Continue reading
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Joint Tenancy v. Community Property
Joint Tenancy v. Community Property Earnings during marriage for work performed during marriage are community property, meaning each spouse owns 50%. But many spouses title real estate and other assets as ‘joint tenants’ rather than as ‘community property.’ If one … Continue reading
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How Much Does Probate Cost?
How Much Does Probate Cost? When a person dies with assets titled in his or her name that are not held in a revocable trust, that are not in joint tenancy and which do not have a designated beneficiary or … Continue reading
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What is a Living Trust?
What is a Living Trust? It is not enough to know what benefits a trust provides. It is important to understand that a trust is a separate entity. Further, there are three key parties to a trust whose roles must … Continue reading
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