California Estate Planning – Irrevocable Life Insurance Trusts – How Much Life Insurance Do I Need?
The better question might be what to do with the life insurance after you have purchased it. But more on that later. For now, the simple answer is that you should only spend what you can afford to pay, provided that the amount may sustain your family. In purchasing life insurance, the amount should reflect [...]
A-B Trusts- Living Trust Law in San Diego, California
First, an A-B trust is only needed for married couples whose estates are worth more than $2,000,000, the current federal estate tax exemption (in 2008). If your estate is worth less than $2,000,000, then you will not owe federal estate tax. The A-B trust works by placing both spouses’ property interests in trust while they [...]
Will and Trust Provisions Against Public Policy
“This is a fun topic. Are there public policy limits to how you can give away your property in your Will or trust? The answer is yes . . .” [Death and Taxes Blog]
How To Find the Right Attorney
“There are those “life changing moments”… like buying your first home, getting a divorce or starting a business that may require the help of an attorney. Attorneys, after all, do more than provide legal information; they offer strategic advice and apply sophisticated technical skills to legal problems. The question is: How do you go about [...]
A Dog's Life Isn't That Bad! Eight Billion Dollar Helmsley Trust Is Slated To Be Applied To The Benefit Of The Nation's Canine Population
The New York Probate and Estate Litigation Blog reports that “[t]oday’s New York Times reports that the late Leona Helmsley has left a mission statement in connection with a testamentary trust valued as high as eight billion dollars. In it, she directs that virtually the entire fund be applied to the welfare of dogs. From [...]
Deathbed Signings of Wills and Other Testamentary Documents
The Estate Planning Practice Blog has a nice article detailing the considerations and consequences that go along with deathbed estate planning.
« go backSTART HERE - ESTATE PLANNING BASICS
Subscribe to our feed
Admin
Important Disclaimer
No attorney/client relationship has been formed between the California Probate Center and you by your use of this blog. It is not reasonable to rely on general legal information as a substitute for the personal face to face counsel of an attorney regarding the specific facts of your case. Likewise, do not use the comment system to obtain legal advice. The comment system is designed for feedback regarding topics of general interest to the community, not the specific facts of your case, and therefore the California Probate Center will not establish an attorney/client relationship through that system. Such comments may be ignored and you will not receive a timely response, therefore jeopardizing your rights (triggering the loss of money or property), so do not use the system for that purpose. The information on this site should not be considered wholly accurate. For example, it may become outdated, may or may not be updated, and is not nearly comprehensive enough to protect your rights on a case by case basis. The Firm's attorneys are licensed to practice only in California and federal courts, and represents clients only in California.
Directories
