PARENTS & HOMEOWNERS: MY 7-STEP ESTATE PLANNING PROCESS WILL PROTECT YOUR HEIRS
From Creditors, Predators & Bad Choices, And Will Help You Become a (Bigger) Hero to Your Family!
Three Tips To Avoid Probate
There are many reasons avoid probate – it’s costly and time-consuming, not to mention it has the potential to make a public spectacle of a very private matter. More often than not, probate disputes can arise in response to unequal treatment of siblings and other close family members in an individual’s estate plan. Since the…
How To Take Care Of My Children With My Trust
Proper Wills & Trusts Are Critical with Children. If you’re a parent of young children, you are almost certainly concerned that if something happens to you, your children’s future security could be at risk. Part of the process of planning for your children is to name a guardian for them. Naming a guardian is a…
How To Form An Llc In California
How To Form A California Llc There are different kinds of limited liability companies: Single member limited liability company (LLC). A single member LLC is any LLC owned by one person, a husband and wife, or domestic partners. A California limited liability company can also be a member-managed LLC or a manager-managed LLC. Multi-member LLC…
10 Things That Happen When You Die Without A Will And Trust
Why You Should Have A Will 58% of Americans currently do not have a will. For those with children under the age of 18, the numbers are even worse — only 36% of their parents and guardians have a will, meaning a full 64% of people who are taking care of minor children have no end-of-life…
How To Get Medi-cal And Not Spend Yourself Into Poverty
Major Reform to CA Medi-Cal Estate Recovery – On June 27, 2016 Governor Brown signed legislation sponsored by which will make it easier to qualify for Medi-Cal without having to spend yourself into poverty. This new bill reduces the scope of California’s Medi-Cal Estate Recovery against the estate of deceased Medi-Cal beneficiaries. Medi-Cal can no…
How Tax Reform Will Impact You And Your Estate Planning
In December 2017, Congress passed, and President Trump signed a sweeping tax reform bill commonly known as the Tax Cuts and Jobs Act. This Act contains significant changes that will impact your estate planning and income tax situation going forward. Estate Tax Changes Starting January 1, 2018, the estate, gift, and generation-skipping transfer (GST) tax…
Who Will Inherit Your Financial Wisdom?
Who Will Inherit Your Financial Wisdom? Passing on More Than Just Wealth Many people who inherit wealth or small businesses are at significant risk for essentially squandering the wealth. An Ohio University study shows that an astonishing 33 percent of all beneficiaries lose their entire inheritance within two years of receiving it. The ways they…
Why A Spendthrift Trust Can Be A Great Solution For Your Heirs
Why a Spendthrift Trust Can Be a Great Solution for Your Heirs There are many tools that can be used when putting together your estate plan. One such tool is a trust. A trust is a fiduciary arrangement, established by a grantor or trust maker, which gives a third party (known as a trustee) the…
Will & Trust Attorney in Oxnard & Ventura
Leaving a legacy that will be most beneficial to your loved ones takes some planning. If you’ve worked hard and accumulated some wealth, you want to be sure that you’ve done everything possible to provide a smooth transfer of your assets after you die to the people who mean the most to you. When you…