What Is the Difference Between An Inheritance Tax And An Estate Tax?

Every estate plan and gifting strategy should include considerations of tax implications for your heirs and also for your estate, where applicable. Leaving behind assets for your loved ones in your estate plan is a powerful and thoughtful move but it doesn’t come without potential consequences. When a loved one passes away, surviving family members… Read More »

The Importance of Being Deliberate with Estate Planning

Estate planning gives you the opportunity and often the flexibility to be able to choose what happens to you during your life and what happens to your assets after you pass away. But without deliberate and intentional estate planning, it can be difficult to accomplish these goals. Leaving unclear or confusing instructions behind when you’re… Read More »

Do I Need a Lawyer to Draft a Will?

Your will is the foundation of your estate plan, as it directs what happens to your property after you pass away. You can also use your will for other goals, such as naming a guardian for your minor children and naming the person who will handle administration of your estate. Although you are not required… Read More »

What Is a Spendthrift Trust?

There are many reasons why you might wish to establish the use of a trust in your estate plan in California. Consulting with a qualified lawyer is extremely important for creating a trust that is aligned with your individual needs. This is because not all trusts are created equal, and you need to have a… Read More »

If I Pass Away Will My Estate Automatically Pass to My Spouse?

There are many different unique considerations associated with preparing an estate plan in California. Working with the right Pasadena estate planning lawyers can make a big impact on your ability to move forward and to protect your desires in your estate planning purpose. It is not necessarily the case that your spouse will automatically receive… Read More »

What Is the Difference Between An Irrevocable And A Revocable Beneficiary?

Life insurance policies require that you name at least one person entitled to receive the assets inside the policy when you pass away. This is known as your beneficiary, and it overrides what is stated in your will. This makes it extremely important to think carefully about your named beneficiaries. An irrevocable beneficiary is someone… Read More »