by Christine | Oct 26, 2015 | Charitable Foundation, Estate Planning |
It makes sense to have family members at the helm of charitable family foundations. After all, who knows better what the family members intended? The IRS doesn’t see it that way. To avoid IRS scrutiny, here are some common pitfalls to keep in mind. Ensuring that the...
by Christine | Oct 19, 2015 | Estate Planning, Estates |
When it comes to battles over personal possessions in estate matters, it is rarely because those involved intend to liquidate the items for revenue. Usually, the fight is rooted in an emotional struggle and centers on long-standing hurts and resentments. That’s likely...
by Christine | Oct 13, 2015 | Dementia, Estate Planning |
When a loved one has Alzheimer’s, advanced planning for legal and financial matters becomes even more important than in day-to-day estate planning. Ideally, planning well in advance, before the disease has taken a toll on the person’s cognitive abilities, may give...
by Christine | Oct 13, 2015 | Elder Law, Estate Planning, Medi-Cal, Medi-Cal Long Term Care |
Let’s clarify the difference between estate planning and elder law. Estate planning focuses mainly on transferring assets after death, and elder law addresses issues about caring for someone who needs, or may need, long term care. In many circumstances, these two...
by Christine | Oct 12, 2015 | Estate Planning, Litigation Probate |
There is a statue of limitation on every civil action in the United States. This refers to a restriction of the number of years from the time an action takes place until it can be prosecuted through the courts. Failure to act in a timely manner cost one family...
by Christine | Oct 9, 2015 | Estate Planning |
If you expect to inherit assets from a successful parent, hope that they do not have a double life that involves criminal behavior. Property used to commit a crime or assets purchased with the profits of a criminal act are subject to civil forfeiture by government...
