by Christine Brown | Sep 23, 2021 | Estate Planning
The estate planning process is sometimes initiated by one spouse, while often being met with hesitation by the other. The reasons are totally understandable, since thinking about death or incapacity can bring many uncomfortable feelings. There is also a sense of...
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 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 When nonmarried parents have a formal custody agreement and one party passes away, that custody agreement is no longer valid.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...
