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Understanding individual gift tax exemptions

Most individuals do not worry about the value of gifts that they give to others, and in most cases it is never anything worth great worry in the first place. However, the federal government does place limits on the amount of money one individual can gift to another individual inside of a single calendar. If you do give another person gifts that exceed the yearly cap, you may incur taxation.

Do you know how to form a revocable trust?

For many individuals who reach the stage in life when they start thinking about estate planning, forming a trust seems like an obvious choice. Still, it can seem a bit like legal magic without a proper understanding of the basic functions and creation process of trusts.

Does your estate plan take care of your favorite belongings?

If you're like many people, the things you own are merely things — except for those belongings that carry great personal significance to you. As you survey your assets and evaluate an estate plan, you may realize that you have certain possessions you want to ensure receive proper love and care after you pass away.

Estate planning as a non-citizen in America

Here in California, we enjoy a large number of non-U.S. citizens as a significant portion of our state residents. This reflects well on California as a progressive state that values people of all backgrounds, but also implies a number of legal issues when it comes to estate planning that one should not overlook.

Can I challenge a will?

If you recently faced the loss of a close relative or loved one, you most likely had to deal with a will. Very often, one party or another believes that a will is invalid, and wonders if it is possible to challenge the terms of the will.

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