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Articles about Trust Planning Attorney (0-50 of 260)

  • California Estate Planning Attorney Offers Exam To Determine Your Fiscal Fitness
    By: Kevin Von Tungeln | - Now is a good time to assess your fiscal fitness as you near the year-end tax planning season. Many people like to review their tax situation, including their estate plans, at the end of the year while there is still time to make changes to lower their tax burden for the current year.

    After you have reviewed these questions, please consult with your California estate planning attorney if you answered "no" to any of them.

    1. Do you have a valid estate plan, signed a ...

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  • California Estate Planning Attorney Explains Providing For Disabled Children In Your Estate Plan
    By: Kevin Von Tungeln | - No one really likes to create a California estate plan, since it reminds us of our own mortality. But parents of disabled children should consult a certified estate planning specialist to create a California estate plan that will provide for their disabled children after their death.

    Some of the estate planning issues your California estate planning attorney will discuss may include: Who will care for your child? Where will the child live? Who will manage your child's financial a ...

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  • California Estate Planning Attorney Offers A Primer On Basic Estate Planning Tools
    By: Kevin Von Tungeln | - There a great number of estate planning tools available to California estate planning attorneys and their clients. Much of the expertise of a certified estate planning specialist is in knowing which tool to use in an estate plan. An estate plan can be as easy as drafting a simple will, or as complex as setting up a trust with asset protection features. This article will offer a brief sketch of four of the most popular estate planning instruments - wills, living trusts, durable powers of attorn ...
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  • California Estate Planning Attorney Offers Caution On Transferring Funds From An Ira To A Trust
    By: Kevin Von Tungeln | - Be careful with your California estate plan if an estate planning "expert" is advising you to transfer IRA funds to a trust. That estate planning technique could trigger a large tax bill that is due immediately if the trust is not set up properly.

    A better estate planning option would be to consult a certified estate planning specialist and name a properly prepared trust as the beneficiary of your IRA. The advantages of creating a trust to receive IRA funds are many. For exampl ...

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  • Estate Planning Attorney Explains How Parents Can Help Their Adult Children Purchase A First Home
    By: Kevin Von Tungeln | - Parents and grandparents with California estate plans have a unique opportunity between now and November 30, 2009 to use assets from their estate to help their adult children purchase a first home with little or no tax consequences to either them or their children or grandchildren.

    Careful consultation with your California estate planning attorney is crucial to ensuring that the transaction does not trigger additional federal or state taxes or imperil the meticulous estate plannin ...

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  • California Estate Planning Attorney Explains Different Powers Of Attorney Available In California
    By: Kevin Von Tungeln | - There are a number of Power of Attorney options available to California estate planning attorneys, and each one should be considered as part of any California estate plan. This article will provide a thumbnail sketch of each of the power of attorney types. You should consult with your estate planning attorney before including any of them in your estate plan.

    A General Power of Attorney designates a person to handle the business, financial and legal affairs of another person, eith ...

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  • Estate Planning For Orange County And California
    By: Peter Gitundu | - While there are misconceptions in many quarters that estate planning relates only to management of properties after death, reality is otherwise. It involves management planning not only after death but also during the lifetime.

    Considering estate planning as the planning of properties after demise of the owner is only partly correct. Similarly, viewing such planning as the tool facilitating tax exemption, may also be only partly true. Encompassing much more than all these within it ...

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  • Estate Planning "€" Orange County Lawyer
    By: Peter Gitundu | - There is devoted Orange County estate planning attorney available for planning estate management effectively. Searching on the informative and educative website can help people looking for lawyers in Orange County.

    Many estate owners look for full time services for their estate planning instead of some stop gap attorney taking up the work for the time being. Finding such lawyer in Orange County becomes easier when you log on to some qualitative and educative website. Clients will f ...

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  • Estate Planning "€" The Key Areas To Be Dealt With
    By: Peter Gitundu | - There is no dearth of people who either do not consider estate planning having major consequences or they fail to realize its basic ingredients. Key areas to be dealt with in estate planning have been clearly defined by the Financial Planning Standard Board.

    Post retirement financial planning and clearing off outstanding financial debts are the major area that is taken care of with effective estate planning. In addition such planning could involve other contingent expenses like med ...

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  • California Estate Planning Attorney Explains Pending Estate Tax Legislation Before Congress
    By: Kevin Von Tungeln | - Changes to several tax laws that affect estate plans are being considered in Congress this fall. Many California estate plans may be affected by the proposed changes to the estate tax rate, a proposed exemption for production farmland, and changes to the rules for Grantor Retained Annuity Trusts.

    The 2001 tax law signed by then-President Bush set the 2010 estate tax rate at 0 percent, but allowed it to revert the next year to the previous 55 percent rate that was in effect in 2 ...

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  • Estate Planning Attorney Explains How To Leave A Vacation Property To Heirs Without Starting A Fight
    By: Kevin Von Tungeln | - Many California estate plans contain second homes, cabins or vacation property that parents want to leave to children. How your estate planning attorney constructs that bequest can lead to many more years of happy memories, or an intra-family squabble that destroys the memories that were made there.

    A vacation home trust is an estate planning device your certified estate planning specialist can insert into your estate plan to prevent many of the issues that may surface after you ...

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  • California Estate Planning Attorney Explains When To Review Estate Planning Documents
    By: Kevin Von Tungeln | - Your California estate plan doesn't have a shelf life, like perishable foods do. But neither is it like the survivalist rations made so popular during the Y2K scare. An estate plan requires periodic maintenance, and your estate planning attorney can help you with a schedule based on your life situation.

    As a basic rule, you should consult with your estate planning attorney at least every three to five years, barring any significant life changes. Your estate planning attorney w ...

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  • Succession And Inheritance Issues
    By: Peter Gitundu | - People looking for estate planning have a couple of options open before them. Either they could prepare the plan on their own or leave it to Government to carry out. Essential part of all these is appreciating what the Government offers for them.

    Constituting the basic components of effective estate planning are the followings: -

    Reduction of taxes.

    Reasonable and equitable distribution of assets.

    Inheritance and succession p ...

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  • Avoiding Government Intervention
    By: Peter Gitundu | - Thinking of avoiding estate planning could well turn out to be a daydream. Government would interfere and complete the process for those who won't complete the process in their private capacities. Downside of it is that the Government Process would be highly expensive. Prudence demands that one should complete his or her estate planning in private capacity without waiting for any kind of government interventions.

    Fact remains that the process is mandatory and would be carried out e ...

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  • Estate Planning "€" Creating The Most Effective Plan
    By: Peter Gitundu | - Perhaps the most important part of the estate planning is creating a plan. At the same time the other most important aspect of such planning is efficient execution. Both require careful and dedicated efforts to be successful.

    Once the process of assessment of the financial situations of the estate owner is accomplished, the estate planning attorney faces a couple of major tasks. Creating a plan and perfect execution are the two tasks that the attorney faces after the assessment is ...

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  • Estate Planning "€" Major Aspects Of Personal Finance Management
    By: Peter Gitundu | - Appropriate estate planning can only be possible with proper appreciation of the major aspects involved in personal finance management process. Efficient estate planning attorney makes it a point realizing these aspects perfectly while making the plan.

    Appropriate estate planning involves understanding various aspects of personal finance management well. Multiple aspects of such financial management are involved in the estate planning process. An efficient attorney therefore will a ...

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  • Effective Cure For Ignorance Of Law
    By: Peter Gitundu | - Many a time's even well prepared estate planning processes might not be as beneficial as some of their viable alternatives. Benefits of correct advice on estate planning are immense.

    Clients looking for planning and managing their estates often consult the Estate Planning Attorney for such objectives. Coming across failure in achievement of the objective would never be the nicest of the feelings for any client. Yet such things do happen and when they happen they take their toll fro ...

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  • Helping Avoid The Hazards Of Probate
    By: Peter Gitundu | - Unbelievable it might seem, yet it is true that there are numerous people who think just signing the trust solve the problem of going through the hazardous process of probate. Unbelievable it is, because the concept is far from reality and strange because even knowledgeable people fall prey to the lure. Years of research and analysis by experts in the trade have established the fact beyond any reasonable doubts that such processes fail to achieve even 50% success rates.

    Gist of it ...

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  • The Planning Pyramid
    By: Peter Gitundu | - For preparing good and efficient estate planning it is necessary understanding the basics of the planning pyramid. Starting from the individual estate owner it goes upward through family, wealth, wealth expansion, and tax savings.

    Involved in estate planning process are various elements and the efficient planner needs to appreciate the value of each of such elements. Estate owner, whose estate forms the subject of exercise made by the estate planning attorney, forms the base of the ...

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  • Countering Future Conflict Prospects
    By: Peter Gitundu | - When it comes to conflict between brothers, more often than not it is for the ownership of estates whether inherited or acquired. Any owner should therefore aim at effective estate planning preventing any such scope of future conflict among the heirs and successors in interests.

    Inherent desire of every estate owner is to see that in case he or she passes away and are survived by multiple successors in interests in the line of inheritance that such inheritors enjoy the benefits of ...

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  • Estate Planning "€" Complicacies Of Trust
    By: Peter Gitundu | - Making a living trust involves important paper works. Sometimes it could be new deed and at others special languages that is acceptable by the court of law. Addressing complicacies of document setting and addressing its tediousness is the challenge before the estate planning attorney.

    Despite the multiplication in numerical numbers of the estate panning attorney today everyone is not equally appreciated in the client circle or in the industry. Reasons for such situation is that man ...

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  • Getting Protection From Creditors
    By: Peter Gitundu | - One of the major problems faced by most of the people having properties is debt burden and they are concerned about facing creditors with less human attitude. Getting protection from such creditors is an integral part of estate planning.

    Facing creditors that are insistent on getting back their money only without any consideration about the problems encountered by people is never one of the nicest experiences in life. One of the major aspects of effective estate planning is getting ...

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  • Estate Planning "€" Living Trust And Will
    By: Peter Gitundu | - Many people wishing to prepare a comprehensive estate planning have the doubts about living trust and will. Even when such persons create living trust, the will would be indispensable part of good estate planning.

    Will living trust dispense with the requirements of a will? That is one of the questions that plague the mind of most of the people who are trying to prepare a comprehensive estate planning . Will as such is indispensable as it provides essential back up for the property ...

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  • Major Considerations Involved
    By: Peter Gitundu | - Various considerations are involved in estate planning. To make it efficient multiple issues like administering the estate, disability and death prospects, and guardianship of minor crops up.

    Issues involved in effective estate planning are much more than this for many dealing with estate management process. Such issues involves guardianship of minor, administering the estate, disability, premature death, protection from creditors, protecting the best interest of children, and othe ...

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  • Living Trusts For Estate Planning
    By: Steven R. Bennett | - If you decide to use Living Trusts in your estate plan, your estate will likely avoid the expense and delay of probate, and your privacy will not be impaired by public records of your estate assets or beneficiaries. However, there are several countervailing considerations as well, and the rules are somewhat complex. This article provides an overview of the main considerations.

    Trust Declarations

    The Living Trust Declarations set forth your basic plans for disposition of ...

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  • California Estate Planning Attorney Explains Business Owner Estate Plans May Have Blind Spots
    By: Kevin Von Tungeln | - Many California business owners have a plan for their children and grandchildren to continue to own and operate the business after their death. But a surprisingly small number of them have provisions in their California estate plans to allow for a smooth transfer of the business and protect its assets from lawsuits and judgments.

    Handing down a family business isn't just a matter of titles. An effective succession plan needs to be integrated into an estate plan. That is where a ...

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  • California Estate Planning Attorney Explains How Inheritances Are Distributed From Estates
    By: Kevin Von Tungeln | - Receiving an inheritance can release conflicting sets of emotions. We are saddened by the loss of a loved one, grateful for being included in his or her estate plan, and hopeful about the money we will be receiving and how we will use it.

    But the path to riches isn't always smooth. Depending on the type of estate planning your loved one used, and the type of asset, you may have your inheritance within a few weeks, or a few years.

    If your loved one's estate plan wa ...

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  • California Estate Planning Attorney Asks If A Trust Appropriate For The Care Of Children
    By: Kevin Von Tungeln | - Most of us have heard stories of "trust fund kids" who receive an inheritance and proceed to live a lavish lifestyle until the money is one. In almost all cases, that was not the intent of the person who provided the trust fund as part of his or her estate plan.

    Trusts aren't just for the estate plans of the wealthy. A good estate planning attorney will consider a trust for clients of more modest means when it fits well into an estate plan. Trusts can be used for a variety of o ...

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  • California Estate Planning Attorney Explains How To Manage A Virtual Life After Death
    By: Kevin Von Tungeln | - Many individuals lead active, virtual lives. They are on gaming sites, social networking sites, have online financial capability, write blogs, manage personal websites and are active on online auction sites. What impact can these activities have on their estate plan? It depends on how familiar the executor and heirs are with the online activity, and the content that may be contained on the sites.

    A typical consultation with an estate planning attorney will include an inventory ...

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  • California Estate Planning Attorney Explains How A Qualified Disclaimer Can Keep The Irs At Bay
    By: Kevin Von Tungeln | - One little-known estate planning tool is called a qualified disclaimer, in which the beneficiary of an estate can renounce his/her part of an inheritance and pass it along to his/her heirs, who may be in a better position to utilize the inheritance.

    This is done for many reasons. It can be utilized by estate planning attorneys to allow individuals and couples to refuse an inheritance and pass it along to their own heirs, as though they predeceased the person granting the inherita ...

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  • California Estate Planning Attorney Explains Why Federal Estate Tax Law Changes Should Be Monitored
    By: Kevin Von Tungeln | - President Obama has proposed changes to estate tax law that will affect many California estate plans in 2010 and beyond. The estate tax is scheduled to drop to zero percent in 2010 and return to 55 percent in 2011. President Obama's 2010 budget proposal calls for keeping the estate tax at 45 percent on estates valued at $3.5 million or higher.

    Estate planning attorneys have been struggling with how to create estate plans that took advantage of the Bush-era estate tax cuts that ...

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  • California Estate Planning Attorney Suggests A Family Limited Partnership To Protect Your Assets
    By: Kevin Von Tungeln | - Families drafting or amending a California estate plan should discuss the asset protection benefits of a Family Limited Partnership with their estate planning attorney. A properly designed family limited partnership, drafted by a certified estate planning specialist, can protect assets and reduce estate tax and gift tax liability. It can be a vital part of your estate plan for reducing estate taxes and transferring wealth to your children and grandchildren, but it is not a do-it-yourself proje ...
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  • California Estate Planning Attorney Offers Tips On Being A Successful Successor Trustee
    By: Kevin Von Tungeln | - If you have been named as a successor trustee of a relative's trust, you have several obligations and job duties to ensure that the estate plan of the trust grantor remains intact. This is something that most individuals are not prepared to handle themselves, and will need expert advice to properly manage this vital part of their relative's estate plan.

    At a minimum, you should have an estate planning attorney and an accountant familiar with estate planning as part of your team. ...

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  • California Estate Planning Attorney Asks Should Your Estate Plan Treat All Heirs Equally Or Fairly?
    By: Kevin Von Tungeln | - "Should I give each of my children the same amount in my estate plan, or can I give more to the ones who need it without creating strife?" That is the question many people are asking their California estate planning attorney when they set up estate planning meetings. The question is legitimate, and reflects a parental concern for the well-being of his or her children.

    For years estate planning attorneys have advocated equal giving in an estate plan, because any other process is ...

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  • California Estate Planning Attorney Explains How Poor Estate Planning Can Destroy A Family
    By: Kevin Von Tungeln | - We have all heard the stories about the individuals who died without an estate plan and the state and federal taxes consumed most of their estate. What is less commonly heard are the stories of individuals who had an improperly designed or incomplete estate plan that created unnecessary strife among the beneficiaries of the estate plan.

    With the federal estate tax rules under revision and the recent tumult in the financial markets, now is a good time to sit down with an estate pl ...

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  • How Does Updating Our Family Trust Affect Our Existing Assets?
    By: Nick Hodges | - This article is in response to a question recently asked by one of my tax clients, Jim, which was, "How does updating our family trust affect our existing assets?" I'm going to start by establishing some basic disclaimers and ground rules regarding my comments below. I am not an attorney, nor do I want to provide legal advice. I work with a number of great attorneys that practice in this area.

    My focus in responding to this question will be from a tax professional's standpoint, ...

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  • This Estate Planning Strategy Provides Care For Your Spouse, Even After You Are GoneÃ'©
    By: Larry V. Parman | - Estate planning is hard enough when both spouses do it together. It becomes more confusing when one becomes ill or passes. What then? Your spouse has been there with you through thick and thin...your rock, the foundation upon which youve built your life. Your spouse has probably been your friend, confidant, and true partner.

    If your spouse is ailing now, there are ways that you can protect them, even after you are gone. Lets say your spouse has a slowly degenerati ...

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  • Why Your Living Trust Is Safe In Economic Turmoil (part 1)
    By: Kevin Von Tungeln | - The Emergency Economic Stabilization Act of 2008 (EESA '08) is a law recently passed by Congress attempting to alleviate the enormous financial crisis that is not only affecting our country but also affecting the rest of the world.

    The intent of the legislation was to buy up struggling assets to restore consumer and investor confidence, in an attempt to breathe life into the failing mortgage and housing sectors, both key components of the United States' economic strength.
    ...

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  • The Problems With Hiring A Generalist For Your Estate Planning Needs
    By: Kevin Von Tungeln | - Many people falsely assume that their lawyer can handle any and all of their legal needs.

    In the same sense that you would not depend on your general practice physician to consult you on a neurological problem, or a autoimmune blood disorder, depending on a generalist attorney to handle your estate planning needs is risky.

    There are specialists in any field, and in the field of law, qualified estate planning lawyers know best how to help you determine the future ...

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  • The Most Common Mistakes People Make In Estate Planning
    By: Kevin Von Tungeln | - How well versed are you in your estate planning options? Even more importantly, can you be assured that your family will be taken care of when you are no longer able to do so?

    A qualified estate planning attorney can be an invaluable asset to you and your family, whether your personal wealth is small or extensive. In truth, any amount of personal wealth is at risk if you do not have an estate plan.

    In most cases, if you pass away without the protection of an es ...

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  • What An Estate Planning Attorney Can Do For You (part 3)
    By: Kevin Von Tungeln | - A specialist in estate planning brings experience and expertise to the table. But what many people fail to realize is that with this level of experience and know-how also brings with it many unforeseen benefits. For example, and as mentioned previously, the landscape of estate and tax law can be difficult to navigate. New federal mandates and complicated tax laws make passing your assets to your loved ones a sometimes difficult and costly process.

    An estate planning attorney u ...

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  • How To Match Your Needs To An Estate Planning Attorney's Expertise
    By: Kevin Von Tungeln | - Check the phone directory in any metropolitan area, and you are likely to find hundreds - if not thousands - of estate planning attorneys who are seeking clients.

    Couple this with the growing economic and financial instability facing our world markets, and ultimately our investments, and what you have is a recipe for utter confusion for anyone seeking the right strategy of wealth management and estate planning options to best suit theirs and their family's needs. Estate plannin ...

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  • What An Estate Planning Attorney Can Do For You (part 1)
    By: Kevin Von Tungeln | - We've all been there - wondering about our future, our children's futures, and how we can best take care of those we love. The uncertainty of what tomorrow holds can lead many of us to ignore the nagging question of preparation. In truth, those who feel like they are most prepared are the ones who fear the future less. In this case, preparation is the key to acceptance of the inevitability of our lives. You've most likely begun the most important part of being prepared for an uncertain futur ...
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  • What An Estate Planning Attorney Can Do For You (part 2)
    By: Kevin Von Tungeln | - In part one of this series, we discussed the importance of both saving and legally protecting your assets, especially in the face of economic uncertainty. Making the decision to plan for the future of your estate is not only responsible - it is essential.

    Seeking the advice and services of a highly qualified estate planning attorney is the first step you should take in securing your estate. Due to the constantly changing landscape of estate and tax law, it is important that you ...

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  • Newport Beach Estate Planning Attorney's Top Ten Mistakes In Making A Will
    By: R. Sebastian Gibson | - No matter where you live, whether it is in San Diego, CA cities such as La Jolla, Del Mar, Cardiff, Solana Beach, Carlsbad or San Marcos, or areas such as Newport Beach, Huntington Beach, Laguna Beach, Irvine, Anaheim Hills, Yorba Linda or Corona del Mar in Orange County, California, whether you live in Rancho Cucamonga or Ontario in the Inland Empire, or even if you spend your time in Palm Springs, Palm Desert, Rancho Mirage, or La Quinta in the Coachella Valley, wills are a way for individuals ...
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  • California Estate Planning & Living Trust, Elder Abuse Attorneys
    By: Valencia | - The Law Firm Cunningham and Associates is an organization of qualified professionals who provide the highest quality legal services and utilize not only traditional and aged methods, but also incorporate the latest trends in light of the most recent changes in the law.
    We provide services in the following areas:
    Estate Planning;
    Elder Law;
    Litigation;
    Medi-cal Planning.
    So depending on what kind of assistance you want to get you may consu ...

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  • The Camarillo Law Firm Cunningham & Associates
    By: Valencia | - Sometimes they say that with doctors and lawyers we would like to meet more seldom, however, we should not forget a wisdom: "Who is warned, he is armed!"
    So, if you need help, we will try to exert all our efforts, knowledge and experience to protect your interests and legitimate rights.
    Very often it is rather difficult to choose the office, which employs highly qualified lawyers who are really capable to solve your problem quickly and correctly. Moreover, the choice is so great, ...

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  • Estate Planning - Real Property Disbursement Problems.
    By: Ronald Hudkins | - Copyright 2006 Ronald Hudkins

    The problem created by evenly splitting an interest in real property between your heirs.

    Many parents want to give an equal share of the family home or some other sentimental form of real property (actual land usually) to their surviving children in equal shares. As an estate-planning attorney, one often sees the strange problems created by such plans. In particular if there are an even number of children, this may create hardships as ...

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  • Estate Planning - Rules And Trustees
    By: Ronald Hudkins | - Copyright 2006 Ronald Hudkins

    If you are wisely attempting to put some assets into a trust (inter vivos) in your lifetime, then you have been paying attention to the important differences between wills and trusts. A trust created during your life will be far more secure with respect to its ability to withstand challenges to how your assets are to be distributed during estate planning than a will. Making a trust is a brave thing to do, because it telegraphs, to a certain extent, ...

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  • Choosing An Estate Planning Attorney
    By: Ronald Hudkins | - Copyright 2006 Ronald Hudkins

    If you have decided to put your affairs in order and finally accept the fact that estate planning is something most of us would be better off having than not, the next thing you might be wondering about is how to choose an estate planning attorney. The first thing to remember is that your estate-planning attorney is a person with whom you will share a great deal of personal information. The bottom line is whoever you choose, you should feel comforta ...

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