Your final wishes can come into conflict with a variety of state and federal laws. In our blog, we explore how current U.S. laws affect the amount of your assets that can be passed on to beneficiaries, and examine how California legislation affects Medi-Cal eligibility, probate, taxation, and other financial considerations.
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Estate Planning for Surviving SpousesIt's crucial to understand the important and timely decisions a surviving spouse must make regarding finances and estate planning.
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What Is a Gun Trust?If you own a firearm, you may wonder how to transfer ownership to your loved ones after you die. You may want to make special arrangements for your weapon.
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Inherited Retirement Accounts: Minimizing Tax ConsequencesThe SECURE Act, which went into effect in 2020, changed how beneficiaries of inherited retirement accounts must withdraw these funds.
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A Look at Legal Trends in Estate PlanningRecent federal and state laws affect estate planning tax, trust, and charitable strategies. The higher your net worth, the more critical it is to re-evaluate your plan with your estate planning attorney.
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Independent Living with Home Sharing is Preferable for Baby BoomersMany Americans won’t have family caregivers to assist them with independent living arrangements. Baby Boomers have solved the problem with home sharing options. Read more about creating a successful living situation.
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Trusts for Grantor-Retained IncomeGrantor retained income trusts (GRITs) offer some tax and estate planning benefits, but they also have some drawbacks to consider. Consult an estate planning attorney to determine if this trust is right for you.
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It Is Important to Take Care of Caregivers as WellWhen parents decline with age, family members often step in as unpaid caregivers to provide support to their loved ones. Community resources help caregivers manage physical challenges and emotional stress.
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A Guide to ABLE Accounts for People with DisabilitiesThe ABLE Act created tax-advantaged accounts for people with disabilities to preserve their eligibility for government benefits. They are one of many tools used to protect adults and children with special needs.
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Ensure That Your Estate Plan Is Handled by a Team of ProfessionalsTo avoid mistakes in estate planning, you should use a combination of professionals.
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Living Alone Can Increase Your Risk for DementiaAging Americans are increasingly living independently as they age.
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Fiduciary Responsibilities: An OverviewIdentifying the Responsibilities of A 'Fiduciary'
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Planning Your Assets and Property Estate While UnmarriedIn record numbers, older Americans are experiencing widowhood or divorce, leading to new partnerships.