You’re probably aware of the most straightforward way to leave a child an inheritance—a single lump sum. However, did you know that estate planning lets you limit how your child receives their inheritance? While there are some legal limits on conditional gifting, estate planning gives you the flexibility to design your child’s inheritance according to…
Did you know that special protections are built into the law to help protect against spousal disinheritance? While state laws differ in the details, a spouse has a claim to a share of their deceased spouse’s estate in every state. However, as estate planning attorneys, we see situations in which a person does not want…
Our August newsletter celebrates National Make-a-Will Month, explaining why some people don’t have wills and why they should. We debunk common estate planning misconceptions and discuss the importance of planning today for a lasting legacy. We’ve outlined the key points below, but you can explore these topics in more detail in the newsletter. August is…
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…
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…