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AB Trusts – Do You Need to Get Rid of Yours?

Are you married and is the last time you and your spouse updated your estate plan more than a few years ago? Then chances are your estate plan contains good old "AB Trust" planning (also called "Marital and Family Trusts" or "QTIP" and "Bypass Trusts") which, up until 2011, was the only way for married couples

February 16th, 2017|

Have you been named as an executor? How to avoid common pitfalls and possibly getting sued

One of the issues that I spend the most time discussing with my estate planning clients is who to choose as a successor (e.g. back-up) trustee. Most clients go with close friends or family members, although those with more complicated estates or those who have had difficult trustee experiences themselves often see the benefits of working

Supporting the National Estate Planning Awareness Week

This week is National Estate Planning Awareness Week In 2008, Congress supported the establishment of the National Estate Planning Awareness Week. What should we be aware of this week? That slightly over half of Americans say they have no estate plan or estate planning documents in place. The National Association of Estate Planners and Councils features

Facebook Legacy Contacts: Who Takes Care of Your Facebook Once You’re Gone

Today, I just set up my wife Kristie as my “legacy contact” on Facebook. That means that if I were to pass away, she would have authority to manage my Facebook page. This article from Slate.com describes some of the additional details and considerations. Introducing Facebook Legacy Contacts At first glance, it might seem

Another Reason Why You Might Want a Living Trust Instead of a Will For Your Family

Many of our clients know that for California residents who own real estate or otherwise have over $150,000 of assets that don’t pass by beneficiary designation, a living trust is an efficient and protective way to transfer wealth to the next generation. What people often don’t know is that one little-discussed advantage of trusts over wills

September 4th, 2015|Tags: , , , , |

After Divorce, Separate Your Estate Plans Too

In our estate planning practice, we counsel a number of blended families. They face unique issues relating to the couple’s desire to balance caring for their new spouses with protecting their children from previous relationships. The attached Wall Street Journal article from earlier this year discusses a different aspect of the overlap between estate planning and

August 21st, 2015|Tags: , , , , , |

For Blended Families, Consider Prenups and Trusts

Kaiser Law Group has a sub-specialty in working with blended families. Our clients in second marriages who bring children from previous relationships are seeking to strike a delicate balance between taking care of their spouse and making sure that their children are protected. Accomplishing this balance requires a great deal of trust, open communication and flexibility.

February 27th, 2015|Tags: , , , , |

Three Things You Need to Know About Estate Planning

This quick article from the Wall Street Journal hits the three most basic estate tax concepts in a pretty concise and straight-forward way. If you have any questions about the interplay between the annual gift exemption ($14,000), the estate tax exemption (currently $5.43 million per person) or the lifetime gift exemption (it ties in with the

Route to an $8 Million Portfolio Started With Frugal Living

My “Millionaire Next Door” clients and their advisors would probably get a kick out of the story of Ronald Read – a former JC Penny janitor and service station worker who passed away earlier this year with $8 million. Ronald Read passed away with $8M fortune None of his friends and family knew of his wealth,