IRREVOCABLE VS REVOCABLE TRUSTS
- posted: Mar. 07, 2022
In California all trusts are presumed to be revocable by the persons that made them unless the trust specifically provides that it is irrevocable. Revocable settlors (trust makers) can usually Read More
Ways to Mess Up Your Estate Plan
- posted: Mar. 07, 2022
#1: Failure to Understand How Your Assets Will Pass On Your Death#2: Trying to Plan an Estate Around Specific Assets#3: Failure to Minimize Taxes#4: Failure to Avoid Probate#5: Relying on Joint Read More
Holiday Gifts And Their Tax Implications
- posted: Nov. 30, 2021
If I want to give my daughter a car for Christmas would I have to pay any gift taxes? The Federal Gift Tax implications of making a gift are confusing, because Read More
Estate Planning Myths
- posted: Sep. 09, 2021
1. A will always avoids probate. On the contrary a will usually guarantees a probate if the estate is over $166,250.00 or there is real estate. 2. Putting Property into Joint Tenancy Read More
POTENTIAL TAX REFORMS WHICH WILL CHANGE ESTATE PLANNING
- posted: Sep. 09, 2021
Here are some of the Federal proposed reforms by the Biden Administration to increase taxes which if passed could require a update in your estate plan. Raise the top individual tax Read More
AMAZING TRANSFER OF WEALTH FROM THE BABY BOOMERS
- posted: Jul. 15, 2021
According to the Wall Street Journal In the United States those over 70 years old own $35 trillion dollars. This equals 27% of all the wealth in the United States Read More
HOW TAXES WORK ON ESTATES AND INHERITANCE
- posted: Jul. 15, 2021
There are more than one type of tax on assets when a person dies. They can be confusing. Here is a simple definition of the different types of taxes. Estate Tax Read More
Digital Estate Planning
- posted: Jun. 23, 2021
With the computer age and the internet there is class of assets that may or not be owned in the traditional sense but need to be included in any estate Read More
PALLIATIVE CARE PLANNING IN CALIFORNIA
- posted: May 20, 2021
Palliative Care: Area of healthcare that focuses on relieving and preventing suffering of patients. Aimed in optimizing quality of life and mitigating suffering among people with serous complex illnesses facing Read More
CALIFORNIA ADVANCED HEALTH CARE DIRECTIVES
- posted: Mar. 05, 2021
Everyone regardless of the size of their estate should also have an Advance Health Care Directive. This Directive should to be available to the medical care provider during a medical Read More
QUESTIONS TO ASK IF YOU INHERIT A HOME
- posted: Mar. 05, 2021
By Joseph E Deering and Debra Carr Questions to Ask it You Inherit Real Property. As you can see an inheritance can be complicated.How do I secure the property?What documents do Read More
HEALTH CARE DIRECTIVES AND THE CORONAVIRUS PANDEMIC
- posted: Feb. 02, 2021
By Pat Kuramoto, Legal Assistant, Notary A health care directive allows you to name an agent to make health care decisions for you, express your philosophy regarding end of life decisions Read More
New Laws in California for 2021
- posted: Feb. 02, 2021
2020 was the year of the pandemic. Legislative hearings in Sacramento were cancelled or truncated and many laws proposed were abandoned. Governor Newsom signed 372 new laws in 2020. Read More
DOES PROPOSITION 19 CHANGE PROPOSiTION 13
- posted: Dec. 21, 2020
The protections of Proposition 13 reducing California Property taxes were challenged in Proposition 15 and 19 on the November 2020 ballot. Traditionally Proposition 13 was considered the “third rail” of Read More
CALIFORNIA DEPARTMENT OF MOTOR VEHICLES EXTENDS DRIVERS LICENSE EXPIRATION DATES
- posted: Dec. 08, 2020
BY : Pat Kuramoto On July 13, 2020, a California Department of Motor Vehicles press release announced the DMV is providing a further extension to the driver’s licenses of Californians age Read More
A WAY TO KEEP YOUR SANITY DURING A PANDEMIC GET A DOG
- posted: Nov. 05, 2020
A dog can improve your mood by reducing stress. Playing with a dog and a wagging tail is a way to relieve the stress of looking at a computer monitor Read More
