Experienced California Estate Planning Attorney Explains The Common Mistakes People Make When Creating Trust Funds for Children
Often viewed as spoiled rich kids or adults drained of all ambition by an unnatural financial infusion, American society has a negative association with young people who inherit trust funds. While that stereotype may be unfair and overly broad, there are pitfalls that parent [...]
I spend a lot of time walking clients through the creation of their first will. It is a customized process that I tailor to the needs and family structure of each of my clients, but there are some standard provisions that everyone should consider. [...]
Most of my clients create trusts to prevent the government and creditors from siphoning away their hard-earned assets upon their death. Unfortunately, another real risk to your assets is your beneficiaries, the very people to whom you are so generous. A trust can help [...]
Estate Planning Attorney Answers: Should I Be Worried that My Trustee Holding Back Distribution of Assets?
Once a loved one passes away, his or her assets that are placed in a trust must be distributed according to the trust’s terms. Trust beneficiaries often become impatient waiting for distribution and become angry with the trustee. Many people ask why distribution can [...]
Silicon Valley is famous for creating its tech-centric vocabulary. But the estate planning vernacular makes tech seem simple. When I see new clients for an initial estate planning session, it often feels like I am a translator working to interpret a foreign language, not an [...]
Many people procrastinate over arrangements for the succession of their financial legacy and other estate planning concerns. While concerns about the financial investment needed to create an estate plan might provide a motivation for cheap DIY options, these strategies can prove very expensive. Individuals [...]
Law Offices of Linda J. MacKay
The Law Offices of Linda J. MacKay serves the cities of San Jose, Santa Clara, Cupertino, Campbell, Los Gatos, Saratoga, Sunnyvale, Mountain View, Palo Alto, Stanford, Fremont, Morgan Hill, Gilroy, as well as as greater Silicon Valley and the San Francisco Bay Area.