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November 2015 Archives

How holiday gatherings can be used to talk about estate planning

We want to begin this post by wishing our readers a happy Thanksgiving and hope that all of them had a good time visiting with family, friends and loved ones. Indeed, Thanksgiving is a time to be thankful, and it is an opportunity to make more memories and stories that will be passed down for generations.

Will IRS closing letters be hard to come by?

If you are the executor to a loved one’s estate, you are likely very familiar with the obligations of seeing that all debts and liabilities are paid before distributing property. One of the most common possible debts to an estate are taxes that may be applicable depending on the size of the estate.

If you can't take it with you, can creditors come and get it?

If there are two things that are constant in life, they are debt and taxes. And just like the old adage “you can’t take it with you” (meaning the money you have), there may be questions about what happens to a person’s debts after they pass away in the same way that questions arise over how one’s assets will be distributed.

What can a California court do with a foreign will?

With as many posts as we have written regarding the validity of wills, we have not broached the topic of whether foreign wills are valid. This question is becoming more important as many people who become married in foreign countries come to the United States under H-1 visas and the like and develop careers and families.

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