San Jose Law Blog
Giving back: A look at charitable trusts
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...
Estate Planning During a Pandemic
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...
Why do I need an estate plan in my 20s?
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,...
Keeping your money in the family with 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...
Business succession could go smoother with advance preparation
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...
When should you update your estate plan?
California residents create an estate plan. Unfortunately, many simply let it sit after that point. They do not change it. They do not understand that you must keep your estate plan updated. Today we will look at times when most people decide to update their estate...
When should you consider a generation-skipping trust?
Perhaps one or more of your children have proven themselves to be less than responsible when handling and spending money. If so, you may wish to consider establishing a generation-skipping trust to not only protect them against themselves, but also to protect the...
Why is organizing digital assets important?
The sheer number of digital assets you own in your personal computer, phone, data cloud, tablet, hard drive and emails may seem daunting to organize. However, digital assets are an important part of your estate plan. Some assets may contain great value that your...
Estate planning and your intellectual property
Without a doubt, San Jose is a hotbed of intellectual creativity. Whether you are a programmer, inventor, author or artist, you take great pride in your work. You also have a financial interest in it. To protect your intellectual property, you may have chosen to...
Estate planning for new parents: What do you need to know?
The last thing any new parent wants to think about is what would become of their child if something were to happen to both parents. However, the reality is that life is full of the unexpected, much of which is unfortunate. The best thing you, as a new parent, can do...
