You may have heard that estate plans, despite being needed by everyone at some point, are not actually all that common. It’s been estimated that 2/3 of Americans don’t have an estate plan. If you were surprised by this news, you may be wondering why people haven’t...
Month: July 2022
How do you put cryptocurrency or NFTs into your estate plan?
You’ve always been rather speculative in your investments, so it’s no surprise that you were quick to acquire various kinds of cryptocurrency, like Bitcoin or Ethereum. Now, you’ve even added non-fungible tokens (NFTs) to your portfolio. How do you make sure that your...
How the gift tax limits your estate planning options
The property in your name when you die becomes your estate. The assets that you own could be vulnerable to claims made by creditors against your estate or could result in expensive estate taxes. A testator thinking about their final mark on the world may start making...
Is a California dynasty trust right for your family?
Most people don’t think of their families as “dynasties” – even if they have a long history in this country and have accumulated significant wealth. However, if you want to ensure that the assets you’ve worked hard for or have been fortunate enough to inherit remain...