We are pleased to announce that effective May 6, 2020, our Newport Beach office is Open For Business as usual, with all safety procedures in place! The Newport Beach office hours are 8:30 a.m. to 5:00 p.m., Mon-Fri., and Suite 1100 will be fully operational during those hours. The conference rooms are available for personal… Read More »
Posts Categorized: Uncategorized
Third-Party Special Needs Trust helps care for loved ones
Caring for children is a full-time job, especially when that child has special needs. To provide for the child, one of the most helpful trusts we recommend for our clients is the Third-Party Special Needs Trust. Federal law specifically authorizes this trust, which can provide for your child without penalty. This means that creditors have… Read More »
Love Your Pet? Guarantee It Can Live the Good Life without You
Why You Should Include Your Pets in Your Estate Planning People may have laughed at Leona Helmsley, and more recently Joan Rivers, for setting up her dogs to live the (very) good life without her. But the fact is, including furry family members in estate plans is on the rise: a good thing, given an… Read More »
Can Clients Really Be Billed for an Elderly Parent’s Nursing Home Care?
Did you know clients could be liable for their parents’ nursing home bills under a little known law on the books in most U.S. states? This summer, several news outlets picked up the story of a Pennsylvania man who was billed about $93,000 after his retired parents were injured in an auto accident and moved… Read More »
Should Your Clients Consider Giving Away Property Over Cash?
It’s decision time for clients who want to take advantage of the $5.12 million gift tax exemption that xpires at the end of this year. While cash is the most direct way to pass wealth to heirs, your clients might need that money at some point. If they’ve already given it away, it’s not very… Read More »
Offer Your Clients Some Helpful Advice on Choosing a Successor Trustee
When clients create Revocable Living Trusts, they must choose someone trustworthy to assume the role of a Successor Trustee — the person who manages a Trust and its assets after your client dies or is incapacitated. Making this decision is not as simple as picking a favorite aunt or an eldest child. The choice can… Read More »