by Christine Brown | Nov 30, 2022 | Estate Planning, Estate Tax, Portability
Federal estate tax law includes a provision called portability. This provision only applies to married couples. It allows the surviving spouse to use any part of their deceased spouse’s unused estate and gift tax exemption. Including portability in an estate plan...
by Christine Brown | Nov 18, 2022 | Estate Planning, Marriage, Prenuptial Agreement, Trusts
Some seniors don’t expect to remarry after a divorce or the death of a spouse. However, life is full of surprises. You could meet someone at any age, even during your retirement years. Many older adults bring various assets and debts into a new relationship. They...
by Christine Brown | Nov 10, 2022 | Estate Planning, Trusts
When creating a trust with a Long Beach trust lawyer, it is important to understand the specific roles involved. The grantor is the person who establishes a trust. The designated beneficiary is the person who receives the assets held in trust when the grantor dies....
by Christine Brown | Oct 28, 2022 | Estate Planning, Trusts
For many decades, wealthy families relied on bypass trusts as critical aspects of their estate plans. However, in recent years, LA County trust attorneys have seen a shift away from the use of this type of trust. This is mainly due to the increase in gift and estate...
by Christine Brown | Oct 24, 2022 | Estate Planning, Wills
There are many reasons why some people might find the idea of a handwritten will attractive. Also known as holographic wills, handwritten wills might seem cheaper and simpler to execute than non-holographic wills. However, handwritten wills are not legally valid in...
by Christine Brown | Oct 7, 2022 | Estate Planning
Writing your will, drafting financial and healthcare powers of attorney, and ensuring you have a living will in place are all steps that give you and your family the peace of mind that comes with careful estate planning. However, if you and your loved ones do not have...
