by Christian Salgado | Apr 1, 2025 | Estate Planning
A Key Component of a Comprehensive Estate Plan INTRODUCTION: Estate planning is the process of contemplating, planning, and arranging to manage your affairs in the event of death or incapacity. This process involves creating legal documents to manage assets, health...
by Christian Salgado | Aug 1, 2024 | Estate Planning
Uniform Directed Trust Act: The California Uniform Directed Trust Act (“UDTA”) came into effect January 1, 2024; amending California Probate Code by adding Sections 16600 through 16632, explicitly authorizing the use of directed trusts. A directed trust allows persons...
by Evan Ferini | Jun 1, 2023 | Estate Planning
COST BASIS RULES: JOINT TENANCY When someone inherits an asset, it can be difficult to understand what their potential tax liability will be, especially if they already owned an interest in that asset. In this article, we are going to discuss what California...
by Christian Salgado | Apr 1, 2023 | Estate Planning
WHAT IS ESTATE TAX? In the United States, there is a federal estate tax (sometimes called a death tax), which is imposed at a person’s death on the transfer of assets. When an estate’s value at the time of death exceeds a limit set by law, which changes...
by Christian Salgado | Dec 1, 2022 | Estate Planning
POWER OF ATTORNEY EXPLAINED At times individuals will ask us what a power of attorney is. In short, a legal document that gives someone else the power to act for you Perhaps a more thorough answer is a power of attorney is written authorization given by one person, a...
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