California Estate Planning And Probate Law Blog
Include these in a comprehensive estate plan
When you’re creating your estate plan, you have to think about more than just your will. These are several other components that can help to make your wishes known. One thing that most people don’t realize is that some parts of the estate plan are used before you pass...
Will your heirs have to pay estate tax on their inheritances?
When you make money, whether you earn it as a wage or as interest on an investment, you pay taxes on that income. You will also pay taxes on the interest it accrues or other income you derive from investing part of your earnings. If you save your wealth in order to...
Establish a medical power of attorney
Have you ever thought about the types of medical care you never want to receive and what kinds you’d gladly accept? This is a question that you should think about right now so that you can take steps to ensure that your wishes are complied with if you’re unable to...
Some falls are normal, but repeated falls are not
Your mother has been struggling with declining health for several years, and it was hard to make the decision to place her into a nursing home. You wanted to make sure she’d get the right care every day, and you knew you weren’t equipped to provide it to her at home....
Estate planning is critical for new parents
New parents have a lot of duties to handle that they haven’t done before. One of these is to set a plan for their child so that they know the little one is cared for if something happens to both parents. Your estate plan is the place where you will do this, so take...
Welcoming Linda Kuiper to Our Team
We are pleased to announce that Linda Kuiper has joined our team at Panitz & Kossoff. Linda will be a great asset to the team, following our firm's values of integrity and community while serving all clients. Please find more information about Linda below. Linda...
How the right of first refusal help streamline your estate plan
Major assets can be a complicating factor when you try to establish a comprehensive estate plan. It's possible that no one has an emotional attachment to a valuable item, like a luxury vehicle or an unoccupied piece of land, possibly held as an investment, making it...
The value of a buy-sell agreement in your estate plan
For many Southern Californians, a will and a trust could be all that is required for an estate plan. But if you own a business, your estate plan should include one more thing: A buy-sell agreement. A buy-sell agreement spells out how your share of your business will...
Health care directives: Make these important decisions now
If you’re working on your estate plan, one thing you’ll want to include in it is a health care directive. A health care directive is a simple legal document that tells others what you want to happen with your health care if you can’t make decisions for yourself. You...
You can use an advance directive at any age
An advance directive is a legal document that gives medical guidance to family members and healthcare professionals. It is there so that, even when a person cannot make their wishes known in a specific moment, they have some way to communicate what care they want and...
