Tag Archives: Estate Planning

End of Life Option Act

On October 5, 2015, Governor Brown signed Assembly Bill No. 15 authorizing the following procedure: The patient must be at least 18 years old and has established that he or she is a California resident. He or she has submitted … Continue reading

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Portability- The Best Kept Secre

Recently the IRS released statistics for federal estate tax returns (form 706s) filed in 2011, which was the first year of portability (the ability of the surviving spouse to add the deceased spouse’s estate tax exemption to the surviving spouse’s … Continue reading

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When the original of the trust document has been lost

A person who has a revocable living trust may inadvertently lose the original trust document. He or she will typically continue to hold title to assets in the name of the trust. The person can still furnish copies from his … Continue reading

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Is there a need to save estate tax?

For persons dying in 2014, the estate tax exemption is $5,340,000. If the surviving spouse files a timely estate tax return for the first-spouse-to-die, the first-spouse-to-die’s exemption can be added to the surviving spouse’s exemption. This is called portability. Unless … Continue reading

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Rule Against Perpetuities

Most states including California have laws limiting the duration of trusts. In some instances, the trust is invalid if it goes on longer than (a)21 years after the death of the Creator and of every beneficiary living on the death … Continue reading

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Business Interests and Your Revocable Trust

If you own stock in a public corporation, your broker can help you re-title this stock into the name of your trust.  But if you have your own corporation, partnership or limited liability company, there is no outside manager to … Continue reading

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The need to file an estate tax return even when it is not required

A person can die in 2011 with up to $5,000,000 and his or her estate will pay no federal estate taxes. The federal estate tax return, form 706, is not required to be filed if the gross estate of a … Continue reading

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Hiring an attorney

Whether you need a bankruptcy attorney, a criminal attorney, or an estate planning attorney, the worst question to ask him or her is: “Do you handle (fill in the type of case or the area of law)?” Many attorneys need … Continue reading

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Estate Planning and Farming

A farmer would realize that if he planted no seeds, no crops would grow. He would also know that if he failed to water his crops, they would grow poorly. What is the parallel to estate planning? Many people have … Continue reading

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Danger signs when a family member tries to speak for a client

When estate planning attorney Bill first met John and Mary, they were in their early 50s, alert and vigorous. Over the years, their health has declined, but they still were clear on what they wanted and didn’t want. Recently, their … Continue reading

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