Planning one’s long-term affairs usually spurs thoughts about designating who will get what in an inheritance and explaining end of life wishes. But, there is much more to consider. For example, planning for residents with young children must include difficult decisions about the long-term care of their kids in the…
When most local residents think of “estate planning” one document comes to mind–a will. By far the most common planning tool, a will lays out one’s wishes in the event of their passing. While millions still have not even taken this most basic step, more and more local residents have…
For many local residents, visiting a San Diego estate planning attorney seems unnecessary. After all, many seniors have loving, supportive families and a desire to split everything evenly. Aren’t there easier ways to take care of inheritance and long-term care issues than visiting a lawyer? One of the most common…
Much political debate raged in recent months (and years) about the federal gift and estate tax. While most of you have likely heard of the controversy, many of you are not exactly sure how these taxes could affect you and whether or not you need to do anything now to…
When you are married, you start putting your own interests aside and consider what is best for both you and your spouse. Every time you make a decision, you must consider what is best for you, your spouse and any children you may have. Estate planning greatly impacts your family’s…
Given the state of the economy, many people are giving loans to their children. While it is very generous of parents to loan money to their children, it can create several problems down the road. Most parents give money to their children but do not expect to ever be paid…
The decision to disinherit a child can be very difficult for some people. Other people just want to give less to one child and more to another. There are usually valid reasons behind the decision and it is not one people take lightly. Most clients I see are reluctant to…
The recent power outage in San Diego left the entire population of the county in the dark. Many people were unprepared and did not have basic resources including food, water and gas. Only after the power went out did people rush to the stores and gas stations only to find…
The New York Times has an article of what you need to know about estate planning and many other issues regarding wills, living wills, medical directives, special needs trusts, estate tax and more. Estate planning can include guardianship, conservatorship, revocable living trusts, special needs trusts, irrevocable insurance trusts and many…
Currently there is a feud going on involving two of Walt Disney’s grandchildren and their share of the huge Disney fortune. Walt Disney died in 1966 leaving two daughters and 10 grandchildren. One of his daughters Sharon Disney had married and then divorced a real estate developer named Bill Lund…