Archive for February 2021
Understanding When Disinheriting a Child is Mistake
Most parents choose to treat their children equally when it comes to inheriting property or money. But sometimes, parents intentionally choose to disinherit a child, and the reasons for doing so may vary. One reason could be that a child who is more financially successful than the others and the parent doesn’t feel it’s necessary…
Read MoreWhat is Critical to Understand for the Biden Tax Reform
As the Biden Harris Administration has begun its first 100 days, noting the President’s tax plan is crucial for higher-income households to understand and likely make adjustments to their financial and legacy planning. That said, middle-class households should pay attention, too. While, generally speaking, the sweeping changes to the tax code will aim to levy…
Read MoreHow to Build a Plan for Blended Families
Couples often bring children into a marriage from a prior marriage or union and then have children together. This is often referred to as a “blended family.” Blended families highlight the need for careful estate planning to make sure the needs of each spouse are met, as well as the needs of each parents’ children.…
Read MoreUnderstanding the Probate Process in California
Probate is the legal process for authenticating a deceased person’s will, reviewing their assets, paying their outstanding debts and taxes, and distributing what remains to their inheritors. Probate law varies by state, but there are steps in the process that are common. First, an executor is appointed and is normally the person named in the…
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