Client Alert

Deciding How and When Inheritance Will be Distributed to Beneficiaries

In many estate plans, the total amount of inheritance will be collected by beneficiaries upon the trustor’s death. In high-asset estate plans, however, this is not always wise. Here are three types of alternatives to consider regarding distribution methods for your estate plan. Age This is one of the most common types of alternate distribution methods used in estate planning. Instead of a beneficiary inheriting assets all at once, inheritance […]

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Client Alert

Protect Your Business and Prepare a Digital Assets Plan

Every business relies on digital accounts in daily operations in one way or another. As the owner of a company, you depend on a bank, bill payment, and other online financial accounts. But what happens if you become incapacitated or pass away? Suddenly, the business that you have worked to build over the years is thrown into a place of limbo in your absence. Your company ceases operations as they […]

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Family Fun

Right Time, Right Information: When Should Parents Talk to their Children about Family Wealth?

Dear Friends, Colleagues, and Clients: Have you wondered when you should discuss your family wealth with your children? Does the idea of such a discussion feel like a dark cloud hanging over you? Luckily enough, it doesn’t have to! Take a look at our brochure and find out when breaking down the details will be most effective: Beneficiary Brochure

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Client Alert

Primary Residence Can Be Transferred Between Generations

In California, real property is reassessed at market value if it is sold or transferred. If the property has been in the family for a long time, the resulting tax hike can be dramatic. Thanks to two voter-approved constitutional amendments, property transferred between parents and children, or grandparents and grandchildren if both parents are dead, do not have to be reassessed and the property tax increase will be minimal – […]

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Disinheriting Heirs And Reducing Beneficiaries’ Shares

Many clients come to our office with uncertainties when it comes to final distributions. One of those uncertainties surrounds the concept of unequal shares and exclusions. Under what circumstances can beneficiaries be excluded? Can beneficiaries challenge your plan? Reasons For Unequal Shares And Exclusions Not all people disinherit beneficiaries or reduce shares as a form of punishment. In fact, there are often valid reasons some do so, including: Special needs […]

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Client Alert

Preventing family fallouts over inheritance

Even the most amicable sibling relationships can quickly turn sour when parents pass away. This is especially the case when it comes to sizeable estates and family businesses. What are the common reasons for inheritance disputes? How can parents prevent them from tearing their kids apart? Behind the scenes of inheritance drama According to Ameriprise Financial, feuds between adult children regarding their parents’ estates occur for a variety of reasons. Here […]

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Client Alert

Bourdain’s daughter to wait before receiving million-dollar estate

After the beloved and multi-talented celebrity chef and television sensation, Anthony Bourdain passed away, it didn’t take long before questions regarding his financial legacy arose. Unlike more than half of Americans and other well-known celebrities we’ve lost, Bourdain left behind a will. Now, his estate plan is at center stage and has left some wondering if it will create more problems than it is intended to solve. Bourdain’s daughter will […]

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You’ve Prepared Your Assets for Your Heirs… Have You Prepared Your Heirs for Your Assets?

Dear Clients, Colleagues, and Friends, The Loaded Question “Dad, are we rich?” Ethan’s father drops his fork mid-bite. “That’s an unusual question,” Roger carefully responds. Ethan, who just turned 16 and still fears his father’s disapproval, hesitates before continuing. He knows there is an unspoken rule in his family to never speak about money. Despite his nerves, he plows on, determined to get to the bottom of the wild claims his classmates made. “So, […]

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