What Is a Revocable Living Trust? from Collins Law Group Living trusts provide a number of valuable benefits, and you don't have to be wealthy to enjoy them. We will look at a few of them in this presentation. … [Read more...] about What Is a Revocable Living Trust?
Blog
Free Report: Is Probate Always Required?
Though probate is a legal hurdle that you should be aware of when you are devising your estate plan, there are certain types of property transfers that take place outside of probate, even if you are not necessarily trying to avoid it. Let's look at some of these scenarios. … [Read more...] about Free Report: Is Probate Always Required?
What Is the Estate Tax Marital Deduction?
If you have been particularly successful from a financial standpoint, you may be in a position to make things more comfortable for your loved ones now and into the future. However, accumulating wealth is not enough. You must also preserve your wealth, because the federal estate tax looms large as a source of asset erosion. This tax carries a 40 percent maximum rate, and this is an attention-getting figure. Without question, a 40 percent death tax on the taxable portion of your estate can take … [Read more...] about What Is the Estate Tax Marital Deduction?
Is Probate Always Required?
Is Probate Always Required? from Collins Law Group People are sometimes proactive about the implementation of probate avoidance strategies, because probate comes with some drawbacks. Learn more about probate in this presentation. … [Read more...] about Is Probate Always Required?
What Happens If I Die Without a Will or Trust in California?
When you look into the subject, you find that the majority of American adults are unprepared when it comes to estate planning. This is a perplexing phenomenon, because everyone is going to pass away, and estate planning is something that you do for the benefit of the people that you love the most. If you were to die without a will or trust, the condition of intestacy would be the result. There are certain types of property transfers that would take place organically if you did not have a will … [Read more...] about What Happens If I Die Without a Will or Trust in California?
Free Report: What Is The California Estate Tax Marital Deduction
This tax is only a factor for high net worth individuals, because there is a relatively large estate tax credit or exclusion. During the current calendar year, the amount of this exclusion is $5.43 million. You can transfer up to $5.43 million tax-free, but anything that you are transferring beyond this amount is potentially taxable. There have been increases in the amount of the estate tax exclusion over the last several years, so there will probably be another relatively modest … [Read more...] about Free Report: What Is The California Estate Tax Marital Deduction
What Is the Cost of Probate?
Estate matters are handled by the probate court. If you use a last will to state your final wishes, the probate court would supervise the administration of the estate. Probate would also be a factor for you pass away with no estate planning documents at all. Contrary to popular belief, because of the existence of probate, a last will may not be the most cost-effective estate planning device. There are quite a few different costs that will accumulate during the probate process. The court … [Read more...] about What Is the Cost of Probate?
Are Pet Trusts Legal in California?
A pet trust can provide you with peace of mind if you are concerned about predeceasing your fine furry friend. It is true that younger adults may not be extremely concerned about this topic, especially if there is extended family to care for the pet if the unthinkable was to take place. However, for older people, pet trusts can be invaluable, and they are legal in the state of California. Ideal Solution A pet can provide many benefits for senior citizens. Experts who weigh in on the subject … [Read more...] about Are Pet Trusts Legal in California?
What Is a Special Needs Trust?
What Is a Special Needs Trust? from Collins Law Group Your estate plan should take many things into consideration, most especially if you have a loved one on your inheritance list who has special needs. … [Read more...] about What Is a Special Needs Trust?
Free Report: What Questions Should I Ask an Elder Law Attorney in California
If you are looking for information about the eventualities that you may face during your elder years, you may want to discuss the future with an elder law attorney. These legal professionals are dedicated to the interests of seniors, and you should certainly act in an informed manner so that you can brace yourself for some of the challenges that elders often face. In this paper, we will provide you with a bit of basic information as we provide a question-and-answer exchange. Topics … [Read more...] about Free Report: What Questions Should I Ask an Elder Law Attorney in California
