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The holiday season and end of the calendar year in general are great times to review your estate plan. Taking a few minutes to look over your will, trust or beneficiary designations can help to ensure that these documents are in order and still help you accomplish...
Many California residents create estate plans to make things easier and less expensive for surviving family members. One thing that they may be worrying about is estate taxes. Estate taxes are the taxes that surviving family members will have to pay on an estate once...
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...
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....
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...
While many individuals in California create an estate plan to make it easier to distribute assets to beneficiaries, paying attention to the tax consequences is essential if you're a high-net-worth individual. Understanding the differences between inheritance, state...
Not only can you build more wealth in retirement, but you can make more money for a fuller life. Spending, however, comes with its own risks, so it would be advantageous to revisit your estate plan now. Legally, you can make changes to your wealth management until the...
The idea of paying taxes is enough to make almost any California resident groan. Even after their passing, residents' estates could face taxation from the government. Of course, many individuals may think that they do not have to worry about reducing estate taxes...
Individuals who have accrued a considerable amount of wealth throughout their lives may have reason to be concerned about their taxable estate. Some California residents may exceed the exemption limit and their estate could face taxation after their passing. As a...
When many California residents think of their end-of-life wishes, they consider who they want to receive certain assets. However, it is important to go beyond that line of thinking when estate planning. For example, it is often a smart move for parties to consider...
