by Michelle Nguyen In recent years, California introduced a new estate planning tool that gives homeowners another way to pass on residential property upon their death without going through probate. When used correctly, a Revocable Transfer on Death Deed can simplify the estate planning process, reduce administrative costs, and make the transfer more straightforward for...
by Peggy Lennon This year, the One Big Beautiful Bill (OBBB) directly increased the lifetime exclusion, which is the base amount that one can give free of federal gift and generation-skipping transfer (GST) tax, either at lifetime or at death. The OBBB did not increase other dollar amounts in the estate, gift and GST tax...
When helping clients decide on a charitable planning vehicle, their level of philanthropic interest is key to determining the best option. For those with a strong desire to give back, charitable remainder trusts (CRTs) and charitable lead trusts (CLTs) are two attractive choices. Charitable Remainder Trust (CRT) A charitable remainder trust allows a donor to...
A durable power of attorney is a legal tool that allows you to appoint someone (known as your agent or attorney-in-fact) to act on your behalf and make decisions about your financial affairs and property in the event that you become incapacitated. What powers does it grant? The powers you grant to your agent through...
Thinking about a time when you may not be able to make your own medical decisions is uncomfortable for many people. Yet, it’s a reality that can happen due to illness, injury or the natural aging process. Without a clear plan in place, your loved ones may be left scrambling to make medical decisions on...
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