Blog
My Parent’s Home In CA Was Left To All The Children In A Trust. Where Does The Tax Liability Lay?
Everything was divided equally among the children according to their will. There is a hierarchy to paying taxes when someone dies. The general rule is that the Trust must pay any tax liabilities. If the Trust does not pay the taxes and there are assets with which to...
The Comfort That Comes With Planning Ahead
Everybody thinks it won’t happen to them. Or rather, everybody knows it’s going to happen to them eventually, but nobody thinks it’s going to happen tomorrow, or next week, or even next year. The “it” of which I speak is, of course, death. It is this perceived...
Should You Pre-Plan Your Own Funeral?
In just about every will or trust you will find something about the estate “paying the deceased’s final expenses,” otherwise known as funeral and/or memorial costs. As a small portion of what can sometimes be a very large and intricate document, this “final expense”...
Community Property Agreement/Will/ Probate
If a married woman dies and had a valid will; owned a house with her husband and 4 (independent) adult children, is it necessary to file for probate? Her Will stipulated that "...bequeath to my husband..... all of the rest, residue and remainder of my estate, whether...
Falling Through the Cracks
Our country may be facing a simultaneous growth and recession... unfortunately, according to journalist John Leland, the two seem to be at odds. What we are referring to is the growth of the elderly population and the recession of funds available to help this aging...
Can I Get Compensation From An Estate For Years Of Caregiving And Caretaking Of Property Before The Nursing Home Gets It All?
My partner's father may become a permanent resident at a nursing home. I have been living on the property, rent-free, but providing much service, for many years, i.e. buying groceries and cooking, cleaning, yard work, lawn mowing, minor repairs, homemaking, companion...
Estate Planning Advice for Ex-Pats and World Travelers
Estate planning can be a pretty involved affair, even for people whose lives are fairly straightforward; but if you are an ex-patriot, have dual citizenship, or plan to leave assets to family members in another country the estate planning process can by downright...
One Man’s Trash is Another Man’s… Heirloom?
Families have a way of acquiring great numbers of treasured objects and mementos: photo albums, antique books, Wedgewood China... a mounted deer head? You just never know what’s going to end up in the trash-heap and what will be kept and passed on to the next...
What Kind Of Will Do I Need To Make Accomodations For My 3 Minor Children In The Event Of Both Parent’s Deaths?
Do I need a trust? I believe that you need a will and a trust. The last will states who will serve as guardian for your children in the event of the death of both parents. Also, if both of you are gone, the trust will enable you to creatively manage the assets for the...
Will Billionaire Steinbrenner’s Death Inspire Congress to Reinstate the Estate Tax?
Common superstition says that famous deaths come in threes, but the death of New York Yankees owner George Steinbrenner on July 13 makes four billionaire deaths in 2010. It’s hard to deny the significance of such events in a year when there is no estate tax. According...
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