As we age, so do our parents. At some point, you begin to worry as much about your parents as they once worried about you. If you are at that point, you are likely spending a considerable amount of time and energy worrying about the very real possibility that one of your parents could become a victim of elder abuse. To help you keep your parents safe, our Elder Law Attorneys at the Collins Law Firm discusses what you can do to help protect your parents from elder abuse. The Reality of Elder … [Read more...] about How to Spot the Signs of Elder Abuse
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Roth IRAs Can Be a Great Planning Strategy: Advanced
This is the second in a two-part series on Roth IRAs. The first part reviewed the basics of Roth IRAs. Read on to learn more. … [Read more...] about Roth IRAs Can Be a Great Planning Strategy: Advanced
It’s Important to Have a Coordinated Estate Plan
There are many parts to an Estate Plan. The Revocable Trust is just one part. It’s important to coordinate the various parts of the Estate Plan. Read on to learn more. … [Read more...] about It’s Important to Have a Coordinated Estate Plan
Revocable Trusts Are Not Always Treated the Same as an Individual
A revocable trust is treated the same as the individual for most purposes. But for some narrow purposes it can be treated differently. Read on to learn more. … [Read more...] about Revocable Trusts Are Not Always Treated the Same as an Individual
Roth IRAs Can Be a Great Planning Strategy: Basics
Roth IRAs can be a great planning strategy. They can save taxes and help in many ways. Read on to learn more. … [Read more...] about Roth IRAs Can Be a Great Planning Strategy: Basics
Trust Distribution Standards May Be Very Broad
Trustee distribution standards could be very broad. “Health, education, maintenance, and support” is such a standard, which has its origin in tax regulations. Read on to learn more. … [Read more...] about Trust Distribution Standards May Be Very Broad
How to Use a Trust with Joint Tenancy
If you are married, one of your Estate Planning goals may be to ensure that ownership of real property transfers seamlessly from you to your spouse upon your death. To achieve that goal, you may wonder if you can simply use Joint Tenancy until one spouse dies and then set up a trust for the survivor. A better understanding of both the California Joint Tenancy laws and how a trust works may help you decide if such a set up works for your Estate Plan. Joint Tenancy in California Almost any … [Read more...] about How to Use a Trust with Joint Tenancy
What Is an AB Trust?
For many people, tax avoidance is a primary estate planning goal. If you are among them, and you are married, you may wish to consider incorporating an AB trust into your estate plan. For those who are unfamiliar with the concept, our team of trust attorneys explains the basic fundamentals of an AB trust. Why Tax Avoidance Is an Important Estate Planning Goal Historically, an AB trust was used as an estate planning tool to maximize federal and state exemptions to gift and estate taxes. The … [Read more...] about What Is an AB Trust?
What Happens If My Executor Can’t Serve?
When you create your Last Will and Testament, one of the most important decisions you will need to make is the appointment of an Executor. Your Executor oversees the probate of your estate after your death, meaning he/she will be responsible for securing, managing, and eventually transferring your estate assets as well as paying creditors of your estate. Your Executor is also responsible for defending your estate if the estate becomes involved in probate litigation. What happens though, if your … [Read more...] about What Happens If My Executor Can’t Serve?
Estate Planning Conference Discusses “For the 99.5% Act,” SECURE, and More
The Heckerling conference, the largest conference for Estate Planning in the country, occurred recently. Many of the thought leaders in Estate Planning and Elder Law got together and discussed recent developments and new strategies. Read on to learn more. … [Read more...] about Estate Planning Conference Discusses “For the 99.5% Act,” SECURE, and More
