Jump to Navigation
Sacramento Estate Planning Attorney

Posts tagged "substantial estate"

Philip Seymour Hoffman made estate planning errors


People in Hollywood and across the country were shocked and saddened by the sudden passing of one of the world's most talented and prolific actors. Philip Seymour Hoffman's untimely death brought national attention to the spreading epidemic of heroin addiction, but there are many other lessons to be learned from his death.

California couple finds golden fortune while walking their dog


Most people in California have probably daydreamed about one day stumbling upon a treasure chest or finding a lottery ticket, but for one couple in Northern California, this dream-like scenario actually came true. The couple was out walking their dog one afternoon when they noticed something partially buried at the base of a tree. Upon further inspection they unearthed an astounding bounty of gold coins dating from the 1800s.

Spending and saving for the future requires balance


People in California may have seen an interesting article in the Wall Street Journal several weeks ago about a family, their differing personalities and their differences in their approach to financial planning. It's a story that plays itself out in millions of households across the U.S., but still rarely gets the attention it deserves.

Thinking big picture to keep family wealth pays off


People in California know that making wise financial decisions and planning for the future are two of the cornerstones of continued prosperity, but sometimes actually doing these things can be a challenge people are reluctant to take on. Not everyone is a financial whiz or an attorney well-versed in the law of asset transfers but, for a reasonable fee, the odds are that they can find just such an expert in their neighborhood. The truth is that everyone, not just those with a substantial estate, can benefit greatly from talking about their own unique financial situation with an estate planning attorney.

Retiring in style may no longer be an option for some


Older people in California are in an undeniably awkward predicament when it comes to their retirement. People who have worked their entire lives in order to settle down and enjoy their retirement on their own terms may have seen a lot of their accumulated wealth simply vanish as rising taxes, higher costs of living and devastating declines in many popular investments have forced seniors to think about their twilight years and come to some tough conclusions.

Inheritance can take some getting used to


People in California who are thinking about retirement and beyond, as well as people who expect a sizeable inheritance, should see a recent article in Forbes, which talks about the issues that can unfold when a person receives a life-changing amount of money as inheritance from a loved one. The psychological 'shock' of receiving a large amount of money can be a serious problem for some people, who may have trouble wrapping their heads around life with more money than they had envisioned.

Estate planning choices should be explained to heirs


Readers here in Sacramento may have seen a recent financial editorial about inheritance, and the people who are faced with tough decisions about where their money should go after their death. This isn't a dilemma for the super-wealthy or those with a substantial estate, this is an issue that affects nearly everyone who has assets and wishes for their distribution when they pass on.

Inheritance surprises may be in store for many heirs


People in California may be surprised to hear that, even in this economy, a recent survey has shown that well over half of all retirees do in fact have enough money saved up to provide an inheritance to heirs and loved ones. In fact, nearly two-thirds of this generation of retirees plan to leave money or other assets in their wills. The amount of all of this inheritance is pretty staggering as well. According to the study, future inheritance from retirees could tally up to over $6 trillion collectively.

Talking to kids about inheritance is crucial to success


People in California perhaps read a recent editorial about the importance of preparing the next generation of heirs for their inheritance. The article makes some excellent points about why it's extremely important for people with a substantial estate to educate their heirs, and perhaps even involve them in the estate planning process where appropriate.

Making the most of the estate tax exemption


Residents in California know that estate planning can be very complicated. This is especially true due to increasing taxes and a number of changes to state and federal law that make shielding your hard-earned money from unnecessary taxation extremely difficult. Estate planning isn't a one-time deal. It's something that people with substantial estates need to take seriously and revisit frequently, especially as their personal and family situation evolves. The changes in California and federal law leave the unaware vulnerable to massive tax increases.

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