This year brings big changes to estate tax, making it more important than ever to engage in estate planning strategies. One of the primary changes is the exclusion amount which declines from $5.12 million to $1 million. Another is the tax rate which increases from 25 percent to 40 percent. Not only do estate tax […]
read morePreparing a Will and Testament is one of the best final acts a person can do for their family. Any time someone passes away without writing a Will their relatives have to make decisions they usually aren’t prepared for. Writing a Will and Testament isn’t a difficult process and offers many benefits. First of all, […]
read moreDeveloping a retirement plan has become more challenging in recent years. Countless people have lost much, if not all, of their life savings that was invested in the stock market or real estate. Many who planned ahead are now faced with starting over or trying to rebuild their retirement fund. People who have not yet […]
read moreEvery business owner should engage in succession planning and prepare for the future of their company. This strategy is needed to identify key personnel who will take over at a later time and ensure the company continues to grow when senior management retires or moves on. Owners who engage in succession planning have a much […]
read moreAny person who owns property or a business needs to engage in asset protection strategies. Otherwise, assets they have worked years to acquire could be taken away in the event of a liability or personal injury lawsuit. Establishing asset protection not only safeguards property, but also provides peace of mind. Unfortunately, we live in a […]
read moreEngaging in asset management practices is essential for every business owner. Regardless if your organization has real property such as buildings or land, or intangible items such as intellectual property; everything needs to be safeguarded through some sort of planning. Establishing adequate asset management plans is crucial for ensuring future growth and profits. The initial […]
read morePeople are often unsure about using a California living trust, especially if they don’t own a lot of property. This estate planning strategy is a good way to keep assets out of probate and can also minimize or remove federal estate taxes. As with all estate planning methods a living trust offers benefits, but can […]
read moreSetting up a family trust is one of the most common types of estate planning methods. Also known as a living trust, this method involves transferring ownership of personal belongings and financial assets so property does not have to go through probate for settlement procedures. While it isn’t difficult to arrange a family trust, most […]
read morePeople find trusts one of the most confusing aspects of estate planning and with good reason. There are various kinds of trusts used to address individuals’ unique needs. Some are to protect inheritance for young children, others are needed for business owners, and yet others are setup to offset estate taxes. Most people setup trusts […]
read morePreparing a last Will is necessary with every kind of estate planning. Regardless of if estates pass through probate or are protected by a trust, a Will is needed to provide directives. It is used to appoint a personal representative and name the individuals entitled to personal possessions. The last Will is very helpful to […]
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