Client Alerts

Client Alert

Beware Of Executor Misconduct

Executors are entrusted to administer an estate and fulfill their fiduciary duties under the law. Unfortunately, executors can breach these duties and leave beneficiaries to pay the price. Often, executors will go to great lengths to cover up misconduct. As the beneficiary of your late loved one’s estate, it can be a good idea to know how executors can breach their duties to prevent your inheritance from being compromised. Here […]

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Client Alert

5 Ways You Can Gift Assets To Charity

Charitable giving can leave a legacy of generosity for years and even decades after you have passed away. Not only does charitable giving have a philanthropic appeal, but it provides enormous income, state, capital gains, and gift tax deduction benefits. While some donors gift money during their lifetime, others bequeath assets to charity through wills and trusts that go into effect upon their deaths. Depending on the type of charity […]

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Client Alert

How Are Collectibles Appraised In Probate?

You are sorting through your deceased parent’s assets when you stumble upon their beloved stamp collection. You research the stamps and discover that they could be worth a substantial amount of money. In probate, it is critical to have collectibles appraised when compiling an inventory of the estate’s assets. As a personal representative, it can be a good idea to understand the basics of appraisals during probate and what you […]

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Client Alert

Strategic Planning Can Prevent Inheritance Theft

Inheritance theft can occur right under family members’ noses and, sometimes, the thieves will even get away with it. Fortunately, there are things you can do to protect your unsuspecting heirs and prevent a person with ill intentions from succeeding in their thievery. First, you must know what inheritance theft looks to prevent it from happening to your own estate. Types Of Inheritance Theft The larger one’s estate is, the […]

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Client Alert

Ask Yourself These Questions Before Assuming The Role Of Executor

Just because you have been named the executor of an estate does not mean that you must accept the position. In fact, before you do, you should decide if you are best-suited to assume the role. Being the executor of a high-asset estate comes with far greater challenges than many executors of small estates will face. With so much on the line, it is critical to take a step back […]

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Client Alert

New tax law lowers required taxes on generation-skipping trusts

Effective January 1, 2018, new tax laws lowered the requirement to pay taxes on certain inheritance trusts in California. For those hoping to pass down significant inheritance, your beneficiaries now may avoid paying taxes on your generous gift because of an increased threshold. Generation-skipping trusts are included in the tax exemption change. In 2010, generation-skipping trusts exceeding $5 million were subject to extreme taxes. The government could tax your gift up to […]

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Client Alert

Be Selective When Appointing A Fiduciary Of Your High-Asset Estate

Even in the early stages of the estate planning process, many of our clients already have a fiduciary or fiduciaries in mind they want to name in their plan. A fiduciary or fiduciaries are trustees who are named in a trust or executors who are appointed in a will. However, deciding on a fiduciary is not a decision that should be made on a whim. There are some critical aspects […]

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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

Save Money And Reduce Taxes With A Charitable Remainder Trust

Whether you want to donate money as a budding philanthropist, avoid taxes or diversify your investment portfolio, Charitable Remainder Trusts (CRTs) can be a good way to accomplish all three goals at once. Before creating a CRT, it can be helpful to have a basic understanding of how they work and the terms. An Overview Of Charitable Remainder Trusts When you create a CRT, you will first choose the trust’s […]

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Client Alert

Two Ways To Minimize Estate Taxes In 2018

You have worked hard to build your fortune and minimizing the portion that will go to the IRS is possible during your lifetime with smart estate planning. While there are a number of tax-avoidance strategies in estate planning, here we will discuss two that may be able to save you and your heirs a large sum in the long run. Gift Assets Giving away assets to family members and charitable […]

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