Portability can work well in some situations. But, there are many reasons setting up a credit shelter trust instead might be better in some situations. This article examines several reasons a credit shelter trust may result in a better outcome for the client. Read on to learn more. The post Basics of Estate Planning: Portability vs. Credit Shelter Trust appeared first on Northern California Center for Estate Planning and Elder Law.
One of the purposes of estate planning is to prepare for our deaths. One reason a probate lawyer needs to know about the probate code is to understand the laws of intestate succession. These laws determine who gets what if you die without a will. In general terms, if you die without a will in [ ] The post Estate Planning Lawyers Discuss Intestate Succession appeared first on Northern California Center for Estate Planning and Elder Law.
As with many legal matters, estate planning attorneys have their fair share of horror stories from years of working with clients to create an estate plan. Whether its issues relating to property ownership or family disputes over a loved one s estate, problems in passing on an estate are very common. Unfortunately, most clients assume that [ ] The post Sacramento Estate Planning Attorney Provides Basic Tips appeared first on Northern California Center for Estate Planning and Elder Law.
What is “portability” and how is it elected? This article discusses these topics and explains some shortcuts that can be taken when filing a return only for portability. The post Basics of Estate Planning: Portability appeared first on Northern California Center for Estate Planning and Elder Law.
Perhaps the most common mistake in estate planning isn’t apparent by looking at the will or trust document itself. The most common mistake is a failure to coordinate the primary vehicle with the rest of the plan. Read this blog to learn more about this common mistake.
Clients often want a simple plan that maximizes their goals. This article looks at a simple way to make gifts to charity more valuable to the donor and the charity.
Trusts are incredibly useful tools. But, like other useful tools, they do not fit every circumstance and they must be used properly. Learn more about two common mistakes and how they may be avoided.