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June 2017 Archives

Bringing heirs into the loop during estate planning

When California residents are planning for the disposition of their estates, one of the most important factors in protecting the estate and its continuity can be involving heirs in the process. Especially in the case of high-value estates with significant assets, family and shared knowledge and communication can be particularly essential.

Estate planning for parents of children with special needs

California parents of children with special needs often have challenging, lifetime planning options to consider. Lifetime care, including support for housing, caregivers and other professional support, can have costs that run well into seven figures.

Estate planning issues after a second marriage

It is not uncommon for California residents to get married more than once. However, a second or subsequent marriage could lead to estate planning issues that may be overlooked. For example, property that a person brings into a marriage is generally considered to be that person's property. However, money or property accrued during a marriage will likely be considered property of both spouses.

Estate planning challenges for the family-owned business

When estate plans include a family business, owners face a unique set of challenges in establishing continuity and protecting the company during transition. Owners of California-based family businesses will want to carefully think ahead to avoid family disputes over control, keep third-party relationships intact and minimize the estate's tax implications.

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