A Strong Advocate For The Vietnamese Community
Bringing a child into the world is a beautiful life event, and when it happens unexpectedly, it can lead to a whirlwind of emotions and adjustments. Amid the joy and challenges, it's vital for expecting California parents to consider the future, both for themselves...
California residents may want to take measures to ensure that their family members are financially secure in the event of their passing. An estate planner can help create a will that designates assets to beneficiaries, including cash, bonds, stocks and other valuable...
If you want to gift a portion of your assets to your children in California, it's crucial to understand how doing so can be taxed. While California doesn't have a gift tax, the federal government does, which can be as high as 40% if you exceed the annual threshold....
California estate planning often includes creating a living trust. You might choose a living trust so your family can avoid probate court when you die. The probate court leaves the distribution of your assets in the hands of the state. But a living trust puts you in...
In California, business owners have unique estate planning considerations to factor into their overall financial strategy. They must proactively protect business and personal assets, which can become challenging with larger estates or multiple heirs. The following...
In your will, you usually designate someone as the executor, personal representative or administrator of your estate. This is an important role. Therefore, you must choose who will take it on carefully. First: Know your options Most people may choose a family member...
After you pass, you may want your children to inherit your California home or other key assets. However, you also want them to appreciate their inheritance and the process behind the estate planning choices that you have made. Taking time to talk about your estate...
Many people believe estate planning is a step they do not have to take until they are older. It is common for young people to put off creating an estate plan because they think they have time, they do not have enough assets or they have not started a family. It is...
An executor in California has a fiduciary duty to adhere to the terms of the will in conformity with the law. Above all, they have to act in the best interest of the estate and its beneficiaries. If your executor doesn't meet these obligations, you can sue them for...
One of your biggest assets is probably your home, especially in California. When planning your estate, you may wonder how you can leave your home to your relatives, or to one relative in particular. The following Q&A may help you. What are my options? The five...