On behalf of WealthPLAN, PC | Aug 1, 2020 | Estate Planning
As a resident of California, you work hard on your estate. You build up assets throughout your life. You want to ensure that it gets passed on properly to your family and loved ones. To ensure this, you need a good estate executor. But what makes an executor good?...
On behalf of WealthPLAN, PC | Jul 28, 2020 | Estate Planning
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....
On behalf of WealthPLAN, PC | Jul 20, 2020 | 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,...
On behalf of WealthPLAN, PC | Jul 14, 2020 | Estate Planning
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...
On behalf of WealthPLAN, PC | Jul 1, 2020 | Estate Planning
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...
On behalf of WealthPLAN, PC | Jun 17, 2020 | Estate Planning
Many people associate charitable donation with taxes, financially speaking. This is no surprise, as donations sometimes reduce tax burden considerably. However, charitable contributions could also have an application in estate planning. Specifically, charitable trusts...
On behalf of WealthPLAN, PC | Jun 10, 2020 | Estate Planning
Now more than ever is the best time to establish or update your estate plan. It serves not only to direct where your assets will go after death, but to ensure an easy and cost-effective administration for your family members. The reality is that running the risk of...
On behalf of WealthPLAN, PC | May 28, 2020 | Estate Planning
Young people often feel invincible. Death is the last thing on their mind, so they figure they have plenty of time to create an estate plan. The reality is that an estate plan is for more than death and that it is valid for people of all ages. If you are in your 20s,...
On behalf of WealthPLAN, PC | May 19, 2020 | Estate Planning
It is a common misconception that only people who are wealthy need to worry about estate planning. However, that could not be further from the truth. Even a simple estate-planning tool such as a will is important if you have a family of any kind. Even if you do not...
On behalf of WealthPLAN, PC | May 11, 2020 | Estate Planning
Only a small portion of family businesses have plans for ownership or management succession. According to the National Bureau of Economic Research’s Family Business Alliance, surviving a second generation is a major milestone that only 30% of family-run businesses...
