Planning how to give your children an inheritance is not always easy. Even if your will successfully conveys money or property to your loved ones, they could still lose their inheritance because of events out of their control or even through their own poor judgment....
Month: July 2020
How does gifting assets help with estate planning?
An important part of estate planning involves assessing the tax burden your estate will incur after you pass. If you have a large estate, this is particularly important. Any estate with over $11.58 million in assets is subject to a 40% federal estate tax. Fortunately,...
Estate planning considerations when you own land in California
When your assets include significant acreage, careful estate planning can help preserve your land holdings for the next generation. Establishing the right arrangement for your land can limit the tax burden for your heirs and ensure they carry out your wishes. Take...
Making your digital life part of your estate plan
In an increasingly digital world, it becomes important to consider what becomes of an individual’s online footprint. Who will shut down their online profiles and should they? What about online blogs or drop-ship stores? When creating an estate plan, these are some of...