The concept of “portability” is still relatively uncommon in the law of estate planning, having become available only after 2011. Since then, it’s been both a blessing (for its tax saving benefit) and a curse (because of rules that seemed to be constantly shifting). Fortunately, the IRS has recently clarified some important deadlines about portability.
Estate Planning
Parents who develop an estate plan often do so to provide for their heirs financially. Many want to make sure hard-earned assets, family heirlooms, or closely held businesses stay within the family. Indeed, a common question is what cost-effective options are available to protect one’s children’s inheritance from a spouse in the event of untrustworthiness or divorce. Thankfully, there are many ways to structure your child’s inheritance to help ensure it will remain in the family for future generations. Here are a few available options.
Estate Plan, Estate Laws in California, Estate Planning
To help you during this difficult time, we drafted this Advance Health Care Directive template modeled after that California Probate Code Section 4701. This allows you to specify your wishes as to future medical decisions. After completing the Health Care Power of Attorney form, print and sign before a notary public.
Estate Planning
When you hire an attorney for estate planning, help with a loved one’s estate, or other legal matter you want to make sure that the work gets done as quickly as possible and at the best possible value. Here are some tips to have the most useful and value-oriented law firm experience.
