by Christine Brown | Sep 9, 2021 | Estate Planning
Individual Retirement Accounts (IRAs) are savings vehicles that allow a tax deduction to be taken when you contribute to the account. The maximum contribution in 2021 is $6,000, and those age 50 and over may contribute an additional $1,000. The income is not taxable...
by Christine Brown | Aug 30, 2021 | Asset Protection, Estate Planning, Trusts
There are several different trusts available to achieve asset protection planning goals and to ensure you leave a legacy behind for your loved ones. One of the most common trusts to help achieve these goals is an irrevocable life insurance trust, also called ILIT....
by Christine Brown | Aug 26, 2021 | Elder Care, Elder Law
Everyone knows that nursing home care can cause financial strain for seniors and even their children. That’s why the federal government created programs like Medicare and Medi-Cal, which are there to help seniors get the care they need. Beyond these two programs,...
by Christine Brown | Aug 18, 2021 | Estate Planning, Trustee, Trusts
As an LA County trust attorney, I help many seniors set up Revocable Living Trusts to avoid probate proceedings and to give clear instructions on how they want their assets and property handled after death. The Grantor creates a trust once it is signed and funded with...
by Christine Brown | Aug 11, 2021 | Estate Planning, Special Needs Planning, Special Needs Trusts
All parents who have a child with special needs want to make sure that those children are taken care of in every instance – most importantly, after the parents have passed away or can no longer provide personal care for the child. Creating a special needs trust is...
by Christine Brown | Jul 29, 2021 | Estate Planning
Torrance guardianship lawyers are asked this question nearly every day! The answer is…maybe. Before you begin to worry, let us explain. When nonmarried parents have a formal custody agreement and one party passes away, that custody agreement is no longer valid. In...
by Christine Brown | Jul 25, 2021 | Estate Planning
In life, there are jobs we seek out and others that are given to us. Being named an Executor on an estate is one of the most important jobs one can be asked to hold by another person. It means there is someone who trusts you fully and believes that you will manage...
by Christine Brown | Jul 18, 2021 | Estate Planning
Have you ever thought about what you want to happen to your “digital assets,” including your Facebook page, after you pass away? This is a question that Big Tech giants have spent the past few years grappling with as more and more of our lives are lived online. As...
by Christine Brown | Jul 11, 2021 | Conservator, Special Needs Planning
Choosing to serve as someone’s adult conservator is a huge responsibility. An adult conservator for a person with special needs is generally tasked with overseeing that individual’s physical well-being, medical care, housing, day-to-day needs, and sometimes his or...
by Christine Brown | Jun 30, 2021 | Estate Planning
One thing the COVID-19 crisis has brought to the forefront of many people’s minds is the need to update older estate plans, including their Last Will and Testaments. We were collectively reminded that having an updated estate plan is incredibly important, no matter...
