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 should avoid when creating trusts for young people, as no one wants to stifle a young person’s ambition. As an [...]

Vital Provisions For Every California Will

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. When you hire an attorney to create a will for you, it is worth it to have already considered the [...]

How Do Spendthrift Trusts Work in the State of California?

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 you avoid both of these risks, especially if you work with an estate planning professional to create a “spendthrift trust” [...]

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 be delayed for long and whether beneficiaries should be worried. There are many answers to those questions. Because these are [...]

By |April 15th, 2019|Uncategorized|

San Jose Estate Planning Attorney Explains Common Estate Planning Terminology

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 attorney trying to help a person through one of life’s most essential processes. While everyone should engage in the estate [...]

By |April 15th, 2019|Uncategorized|

Why You Need an Experienced Attorney Rather than a DIY Estate Plan

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 considering self-help estate planning options have a range of alternatives that include DIY guides, pre-printed forms, estate planning software, interactive [...]

By |March 14th, 2019|Uncategorized|

Common Beneficiary Designation Mistakes

Designating beneficiaries seems pretty straightforward. At its core, it is simply the listing of individuals to whom you intend to pass your property and assets. Unfortunately, mistakes involving the designation of beneficiaries are one of the most common that I see. To help my clients avoid this sort of error, I ask my clients hard questions and then help them work towards protecting themselves, [...]

By |January 14th, 2019|Uncategorized|

San Jose Estate Planning Attorney Explains Estate Planning for Special Needs Beneficiaries

Estate planning is essential for anyone interested in passing their assets onto his or her loved ones. But for those with children with special needs such as physical or mental disabilities, estate planning can be an even more complex and fraught process, especially if your loved one receives Supplemental Security Income or SSI. Without the help of an experienced estate planning attorney, you could draw [...]

By |January 13th, 2019|Uncategorized|

San Jose Estate Planning Attorney Reviews Long-Term Asset Protection Considerations

People in the Bay Area tend to be optimists, especially when it comes to their estate planning. First, they believe that whatever assets they have amassed will last them forever, regardless of what life throws at them. More specifically, they often think that they will not get severely incapacitated, will not need long-term care, and that their assets won’t be taxed or caught up [...]

By |November 19th, 2018|Uncategorized|

Incentive Trusts for Family Members with Substance Abuse and Gambling Issues

It is extremely difficult to deal with a family member who is struggling with addiction issues. This is particularly true if the family member is an adult child and the parents have had to make fraught decisions regarding whether to help support their child or to cut him or her off. This tension is compounded when the parents engage in estate planning. They often [...]

By |November 16th, 2018|Uncategorized|