Tag Archives: Randy Spiro

End of Life Option Act

Posted on October 7, 2015 by randyspiro

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

Posted on April 2, 2015 by randyspiro

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

Posted on January 22, 2015 by randyspiro

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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Business Interests and Your Revocable Trust

Posted on June 14, 2012 by randyspiro

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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Tale of the Trust Protector

Posted on January 3, 2012 by randyspiro

An irrevocable trust can designate a trust protector and give him or her certain powers, for example, to change the trustee or to move the trust administration to a different jurisdiction. A trustee is a fiduciary because he or she … Continue reading →

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

Posted on October 18, 2011 by randyspiro

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

Posted on September 28, 2011 by randyspiro

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

Posted on June 24, 2011 by randyspiro

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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SHOULD THE SURVIVING SPOUSE FILE AN ESTATE TAX RETURN?

Posted on January 13, 2011 by randyspiro

SHOULD THE SURVIVING SPOUSE FILE AN ESTATE TAX RETURN? by Randy Spiro For persons dying in 2011 and 2012, the estate tax exemption (the amount a person can die with and pay no estate tax) is $5,000,000. If a married … Continue reading →

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