Estate Planning Archives

Portability provision aids estate planning

Even those California residents who are young and healthy may benefit from estate planning. A good estate plan will maximize the size of the estate while minimizing the potential tax consequences for one's heirs. Moreover, proper estate planning will reduce the need for litigation and help the estate to escape the probate process as much as possible.

California seeks asset protection help for seniors and disabled

One aspect of estate planning may be that an individual or couple is "house rich" but strapped for cash. In some California communities, real property taxes have risen to the point that seniors are in danger of losing their homes solely for not being able to come up with the money for the property tax. Asset protection planning is often necessary to both save the home for the duration of the owner's remaining years and to preserve it as part of the estate to pass on to heirs. A law to help seniors with just that problem is being proposed again, having been initially axed when California faced its budget crisis.

Estate planning for those with special needs

When someone with special needs receives an inheritance or a personal injury award, they may no longer be eligible for needs based government benefits. However, this type of one-time windfall can be put into a trust for the recipient's benefit so they can continue receiving their government benefit. This is called a "special needs trust" (SNT), and it is an important part of estate planning for California residents with special needs.

Asset protection in California is critical, both now and later

It goes without saying that a person's whose finances remain fixated 'in the red' may more than likely leave an estate that reflects the same. While residents here in California all hope to live in a debt-free environment that allows our primary focus to be on asset protection, the reality of day-to-day living for most people means financial obligations in the form of mortgage payments, car loans and credit cards. Given our current economy, there may be many individuals finding it difficult to manage their finances and ensure that all financial obligations are met in a timely and comprehensive fashion. Doing so usually requires some degree of financial planning whether you live in California or somewhere else in the United States.

Contact Our Law Office Today

If you would like to discuss representation or have another question about my firm, please call 916-248-4465 or email my Sacramento, California, office to arrange for a consultation.

Office Location
901 H Street, Suite 210
Sacramento, CA 95814-1808

Phone: 916-248-4465
Fax: 916-441-5776
Map & Directions

office numbers
Map