Newman Law Group

December 2019 Archives

Protecting assets to assure loved ones are secure

Another year is ending and many people take the opportunity to review estate plans as they head into the new year. One question that frequently arises concerns any tax changes to be aware of and any steps that can be taken regarding protecting assets and reducing estate taxes. There is a new law taking affect that may have an impact on Californians.

Establishing health care directives can be a priceless gift

The year 2019 is coming to an end and many Californians are anticipating the beginning of a new year. Thoughts often turn to one's legacy, which can lead to thoughts concerning estate planning and providing for the next generation. The importance of having a comprehensive estate plan in place is becoming more widely recognized. But what documents comprise a comprehensive estate plan? Health care directives may be among the most important.

Rules help in protecting assets of inherited real estate

As people go about their lives they grow up, embark on a career, raise a family and throughout all of this amass assets to bequeath to the next generation. It can become a legacy that one hopes will benefit the next and future generations. Real estate is often part of a person's estate. While inheriting real estate can be rewarding in California, there are rules that must be followed and tax implications to be aware of. Following the rules and being aware of the tax laws can go a long way toward protecting assets.

In season of gift giving, estate planning can be priceless

As the year draws to an end in California, one's thoughts may be drawn to a review of the year almost passed and plans for the year about to begin. Plans for the new year may include taking steps to protect one's family for the future. No one relishes the idea of contemplating the end of his or her life, but the fact remains that no one gets out of this life alive. Engaging one's family in estate planning may be difficult to contemplate, but it will help make a difficult time easier for all involved.