Tustin Estate Planning Law Blog
Understanding special needs trusts in California
If you have a loved one with special needs, it's important to plan for their future. A special needs trust can be a great option, and it's not as difficult to set up as you might think. What is a special needs trust (SNT)? A special needs trust is a type of trust that...
Can I donate stock to a charity in California?
Donating to charity can be a wonderful and awarding experience. People invested in a cause or organization might be interested in ways to further their donation. Some charities and organizations will accept stock as a gift. There are a few benefits to doing this for...
Should you set up a special needs trust or an ABLE account?
An important consideration for people who have a beneficiary with special needs in California is whether to set up a special needs trust or an ABLE account. These are two possible estate planning strategies to consider. You probably don't want to leave them an...
Choosing the right trust in California
Estate planning looks different for every California family. While some families’ estate planning needs are covered by just a last will and testament, other families might need more. Families in those situations most often turn to trusts. Trusts are a great way to...
Do I really need an estate plan in California?
Many Californians mistakenly believe that they don't need an estate plan. After all, with the federal estate tax exemption at $11.6 million per person as of late 2021, a will should suffice, shouldn't it? Even a will may not suffice, as the courts may determine who...
Available alternatives to conservatorships for CA elders
Some California elders require help managing their affairs. A conservatorship may be appropriate in some cases but not in others. Some alternatives might be more appropriate for your loved one. When a conservatorship is not needed A conservatorship may not be needed...
Can you create an estate plan if you’re financially struggling?
It's advisable that everyone has an estate plan regardless of their age or financial situation. You don't need anything complex to write an estate plan in California. This document details what you want to happen to your property when you die or become incapacitated....
Three helpful estate planning tips for high-net-worth individuals
California is a state many people choose to spend their later years, if not their entire lives. As you reach adulthood and beyond, it's smart to think about estate planning. If you have a sizeable estate, it's important to handle it carefully. With that in mind,...
What should you really be worrying about with estate taxes?
While death and taxes are the only guarantees in life, most people won't deal with death taxes. You have to have or give away enough assets to owe gift or estate taxes. Like other taxpayers, California taxpayers use "step-up in basis" to lower their tax obligations....
Some Types of Charitable Giving
Charitable giving happens when you chose an organization that is close to your heart and give money or another asset. Living in California, there may be a specific charity that you especially like that is close to home. Or it may be a charity that spans the country or...
