The Wall Street Journal (Alexandra Samuel) 8/6/24 published an article titled “Why Everyone Needs a ‘Digital Death-Cleaning’ Plan,” in which the author discusses why it’s essential to have a digital death-cleaning plan so that heirs aren’t left with a confusing collection of digital files and accounts they don’t have access to and assets that they…
The Wall Street Journal (Julie Zauzmer Weil) 8/5/24 published an article titled “The IRS has opened its free tax filing for all states. Which ones will join?”. The article discusses how, in 2024, the IRS offered 12 states the chance to try Direct File, a new free tax tool allowing taxpayers to file federal taxes directly…
Most of us know the story of Snow White and the Seven Dwarfs, and crucial to this story is the relationship between Snow White and her stepmother. Things are peaceful for a time, but once the King dies, Snow White’s stepmom’s true colors come out, and she tries to kill Snow White, who flees into…
By Nathan R. Loftin, Esq. A power of attorney (“POA”) is a legal document granting another person, called your agent or attorney-in-fact, the authority to act on your behalf. California Powers of Attorney are powerful tools for managing your financial affairs and healthcare decisions, especially if you become incapacitated. However, with such power comes responsibility,…
If you’re a millennial who still needs to start the estate planning process, it’s the right time to do so! Estate planning gives you peace of mind that your wishes are honored and your loved ones are protected. Furthermore, estate planning ensures that your healthcare decisions are upheld and your financial affairs are managed according…
Our July newsletter brings to you the potential tax policies of the next administration that could have a major impact on your personal wealth and estate planning strategies. Then, we discuss all things estate planning for vacation properties. Lastly, we discuss passing down sports memorabilia in your estate plan. How Potential Presidential Policies Could Shape…
In many cases, estate planning deals with difficult situations, such as how to plan for a loved one struggling with addiction. Watching a loved one battle with a substance use disorder is awful, but it’s important to remember there is hope. Recovery is possible, and with that comes a healthier, happier life. Family members who…
A well-crafted estate plan safeguards your loved ones and preserves your legacy. You can establish an estate plan anytime; the sooner you start, the greater your peace of mind. Remember, your initial estate plan isn’t set in stone; it can evolve with life changes. Let’s explore some common estate plan adjustments we frequently encounter in…