Should You Gift Your Estate In 2020?

Some insight seems to suggest that high net worth baby boomers should think carefully about gifting their estates in 2020. The largest generational wealth transfer in history is on the horizon for the United States. It’s expected that today’s millennials will inherit upwards of $30 trillion in property form baby boomers and, of course, it… Read More »

What Happens When a Beneficiary Designation is Different from the Will?

Estate planning documents should be coordinated to ensure that your overall goals are accomplished. However, if you identify beneficiary designations on forms that are not in line with what is made in the will, it can be very confusing for your estate administrator to determine. This unfortunate situation is sadly not that unusual. Plenty of… Read More »

Why Writers Need Estate Planning, Too

Estate planning is a subject that most people are uncomfortable with at first glance. Avoidance is the natural response for many people when it comes to estate planning but writers and other artists must understand their unique estate planning obstacles and opportunities. Estate planning is essential for disposing of your assets and tying up affairs… Read More »

Understanding Disinheritance in California

There are many different reasons why you might be curious about the process of omitting a child from your will or particularly disinheriting this party. Some of these can include not wanting to give more to a child who already has enough, concerns over a child who might squander an inheritance, or estrangement. One of… Read More »

How to Think About Legacy Planning

There is often a failure to follow through when it comes to the estate planning process. Less than half of Americans have put together a will to protect them or name a guardian for their minor children if something were to happen to the parents. The truth is that estate plans simply are not just… Read More »

What Is an Eligible Designated Beneficiary for a Retirement Plan?

The SECURE Act had significant and far reaching implications for the ability to distribute retirement plans over the course of a lifetime. Since this went into effect, lifetime distributions are still allowed but they apply only to one particular category of beneficiaries, those referred to as eligible designated beneficiaries. EDBs include disabled individuals, surviving spouses,… Read More »