Monthly Archives: August 2021
The Generation Skipping Tax Can Cause Problems
When you inherit property, the government sees that inheritance as a benefit or profit, much like making money, and the government wants their share of it. That’s the basis for estate taxes. So, how about this plan: Instead of leaving something to your children, where there would be an estate tax, just leave it… Read More »
Caring For Your Animals Through Pet Trusts
When we plan our estate, we often think of family members and friends, as we should. But have you thought about your pet? You may not even be aware that there is a way for you to take care of your pets in your estate plan through the creation of what is called a… Read More »
Rights Of Surviving Spouses In California
Surviving Spouses in California have several rights and benefits provided by California law. Omitted Spouse’s Share If a spouse was left out of a Will unintentionally, the surviving spouse is considered an “omitted spouse” under California probate code 21610, and is entitled to receive all of the deceased spouse’s community property and a share… Read More »