Tustin Estate Planning Law Blog
Estate planning for loved ones with special needs
There can be no doubt about the benefits of crafting a comprehensive estate plan, both in terms of fulfilling a California decedent's final wishes and also providing for beneficiaries of their choosing. However, the task takes on even greater importance when a loved...
How to plan finances for disabled family
One out of every four adults in the United States has a disability. Outcomes for the disabled vary widely due to factors such as the quality of care received, community support, and finances. Unfortunately, public programs like Social Security Disability Insurance...
What do you need to know about elder law attorneys?
While California attorneys may offer assistance to people of all ages, the elderly population's legal needs involve different concerns than many other age groups. If you are going to see an elder law attorney for the first time, keep these considerations in mind....
How can I reduce my estate taxes?
While most people in California won't have to bear the burden of estate taxes when inheriting a loved one's assets, many will, as a large number of wealthy people live in the state. If you have considerable assets, you can take steps now that will reduce estate taxes...
How an ABLE account helps you keep your benefits
The ABLE Act was a landmark moment for disabled people in California because it was the first time the higher cost of living was officially recognized in policy for that particular demographic. It's a savings account that comes with certain tax advantages. Helping...
Special needs and estate planning
When you have someone in your family in California who has special needs, you might be concerned about how to provide for their financial future. There are useful estate planning tools that can help. Financial resources There are several different kinds of resources...
Determining the need for a special needs trust
A special needs trust in California holds funds to provide for the special needs of a mentally or physically disabled individual. This type of trust provides for a person's supplemental needs that are separate from regular living expenses. First-party trusts A...
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...
