Happy Birthday! Your Child is a Legal Adult

Article, Estate Planning

HAPPY 18th BIRTHDAY! YOUR CHILD IS A LEGAL ADULT! Do you have a child that just turned 18 who is going off to college or beginning a new chapter in their life? It’s an exciting time where they’re thinking about what school they’re deciding on, what majors they’re...

Property Tax Reduction on the 2018 November Ballet

Article, Estate Planning, wealth preservation

** Previously reported this article stated that there was no age limitation which is an error. The age limitation is 55 years or older. ** On next November’s ballot, California Proposition 5, the “Property Tax Transfer Initiative,” would add a wrinkle to existing...

New IRS Filing Requirement for 2016

Article

If you filed an Estate Tax Return after July 2015, the IRS is now requiring you to also file Form 8971 (and accompanying Schedule(s) A) before March 31, 2016. The purpose of this form is to ensure that information on property values reported to the IRS by Executors...

Truths and Myths About Estate Planning

Article, Estate Planning, wealth preservation

Truths –  An estate plan that utilizes a “fully funded” revocable living trust avoids probate. Fully funded means that all appropriate assets are titled in the name of the trustees of the trust. Please note, retirement plans should not be retitled to your trust!...

Estate Planning for Families with Kids

Article, Estate Planning, wealth preservation

OF HEARTS AND MINDS Estate Planning for Families with Kids If you are a parent and have children, this series on estate planning for families with kids is designed to address your basic estate planning questions. When I meet with clients with children under the age of...