Jump to Navigation
Sacramento Estate Planning Attorney

Posts tagged "estate plan"

Big life changes require changes to estate planning


People in California may have seen an interesting editorial article about how certain major, yet common, life changes can impact a person's financial well-being and future plans. This is especially true of people who have recently gone through a divorce. While most people are busy dealing with the emotional and personal fallout of a marital split, they may overlook the important long-term ramifications of a divorce, which could come back to haunt them many years in the future.

Avoiding estate taxes requires early planning


People in California may have seen an interesting financial news editorial in Forbes recently. The article discussed the ways in which estate planning can shield people from unnecessary taxation, but that is really only the beginning of the benefits that an estates and trusts attorney can provide to people with substantial estates and complex estate planning needs.

Estate planning should start early, experts advise


People in California know that millionaires and billionaires are created on a regular basis in the Silicon Valley and across the state. One of the most notable examples is Mark Zuckerberg, creator of Facebook and one of the youngest, richest men in the world. Zuckerberg's success wasn't due to luck, it was the product of a carefully crafted and prepared business strategy. Now that he has more or less entrenched himself as a success in the business world, he has also turned his attention to ensuring success at the next step, estate planning.

Preparation is key to managing an inheritance


People in California may have heard news of late on an issue that will be affecting many Americans in the coming years, whether they know it know or not. According to a 2011 study, the baby boomer generation will likely inherit a grand total of almost $8.5 trillion from their parents and heirs. The median amount for most of these beneficiaries is somewhere in the area of $64,000, a significant amount for anyone planning for retirement, helping their kids through college, paying debt, or working on an estate plan of their own.

Frankie Valli's divorce makes for important case law


People in California may know singer and entertainer Frankie Valli best as the lead singer of the Four Seasons, a wildly famous, pop foursome whose hits spanned many decades, most recently reaching new audiences with the Broadway smash hit "Jersey Boys," which was based upon the music and personal story of the Four Seasons. But now a whole new audience of law professionals and students may become familiar with Frankie Valli's name for reasons having very little to do with his music.

Estate planning is the ultimate exercise in preparation


Successful men and women in California know that planning and preparation are critical ingredients in the recipe for success, so it should come as no surprise that preparation is also the key to maximizing that success for the greater good. People chart their course in a career much as they do in life, and with careful preparation and core values as guiding principles, they may grow to prosper and enjoy the wealth they have worked hard to create.

Estate planning to ensure inheritance


People in California may have seen a recent financial news article in Forbes, which discussed the issue of inheritance. Specifically, Forbes explained how people in the Baby Boomer generation may actually be leaning against leaving assets to their children when they pass on. In past years most people in the Boomer generation said they thought it was important to leave an inheritance. That number now sits at under 50%.

Life changes require changes in preparation for the future


People in California know that the only constant in life is change. People's lives change in some way each and every day, whether they realize it at the time or not. Some of these changes are obviously bigger than others, and some of them require a great deal of thought and energy to prepare for and react to. One of the major life changes many people go through and some point or another is divorce.

Keep your will and estate documents up to date, or else


California residents likely read and hear about the different mistakes people can make in their estate plan. For some Californians, the biggest mistake may be in simply not having an estate plan. Unfortunately, people who fall into these common traps may have their life savings fall into the wrong hands, or the money could languish in the court probate process for years. In both of these cases, it is the intended heirs that are deprive of their rightful inheritance, not to mention the issue without mounting legal expenses.

Make time to think about estate planning


People in California lead busy lives, and most people like it that way. Not knowing what the day has in store can be an exciting and fulfilling way to live, but everybody still needs to take some time to reflect on the big picture. Part of getting the most enjoyment out of life means having the financial means to do so, so even the busiest Californians should take some time each year to meet with an experienced estate planning attorney about how to get the most out of their assets.

My Sacramento law practice, Michael A. Sawamura, Attorney at Law, focuses on wills, trusts and estate planning law in addition to business law and corporate defense services. My clients include professionals, government employees, small businesses, blue-collar workers and national corporations.

Contact Us

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy