We recommend that you review your estate plan every year to ensure it accurately reflects your wishes and your current circumstances. In reviewing your estate plan in 2022, ask yourself the following questions to determine whether your plan needs to be reviewed and updated: 1. Has your health, finances, family situation, or your inheritance wishes, … Continue reading Top 10 Reasons to Review Your Estate Plan in 2022
We recommend that you review your estate plan every year to ensure it accurately reflects your wishes. In reviewing your estate plan in 2021, ask yourself the following questions to determine whether your plan is current or whether it needs to be reviewed and updated: 1. Has your health, finances, family situation, or your inheritance … Continue reading Top 10 Reasons to Review Your Estate Plan in 2021
On November 3, 2020, Californians voted to pass Proposition 19. This amendment to the California constitution will have a huge, negative impact on preserving low property tax rates in property transfers between parents and children by substantially narrowing which transfers will qualify for the exclusion once Prop 19 takes effect on February 16, 2021. Previously, … Continue reading Prop 19: Huge Changes to the Parent-Child Property Tax Exclusion Starting February 16, 2021
The Setting Every Community Up for Retirement Enhancement Act of 2019, better known as the SECURE Act, was signed into law by President Trump on December 20, 2019 and went into effect on January 1, 2020. Amongst other things, the Act includes provisions aimed at increasing access to retirement accounts in the hope that it … Continue reading The SECURE Act & Your Retirement Plan Beneficiaries
1. Has your health, financial or family situation, or your wishes, changed significantly from the time that your estate documents were signed? If so, review your estate documents to make sure that they still accurately reflect your wishes. 2. Has your opinion changed about who should be in charge of your financial affairs since the … Continue reading Top 10 Reasons for Reviewing Your Estate Planning Documents in 2019