On behalf of Panitz & Kossoff, LLP | Jul 31, 2020 | Estate Planning
Have you ever bought a piece of flatpack furniture? The instructions look relatively simple, yet, nine hours later, you are on your knees in your Westlake Village home in a pile of parts that you cannot fit together. What’s worse, you argued with your wife when she...
On behalf of Panitz & Kossoff, LLP | Jul 16, 2020 | Estate Planning
Some parts of estate planning sound simple. You know that writing a will means listing your assets and assigning them to certain heirs, for instance. You may choose to do it on your own or to ask your heirs what they want or prefer. Either way, it seems...
On behalf of Panitz & Kossoff, LLP | Jul 9, 2020 | Estate Planning
A health care directive, also sometimes called an advance medical directive, is one of the most important documents in your estate plan or living will. Your advance medical directive will outline your medical wishes in the event that you can no longer clearly...
On behalf of Panitz & Kossoff, LLP | Jul 7, 2020 | Estate Planning
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...
On behalf of Panitz & Kossoff, LLP | Jun 26, 2020 | Estate Planning
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...
On behalf of Panitz & Kossoff, LLP | Jun 15, 2020 | Estate Planning
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...
On behalf of Panitz & Kossoff, LLP | May 22, 2020 | Estate Planning
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...
On behalf of Panitz & Kossoff, LLP | May 12, 2020 | Estate Planning
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,...
On behalf of Panitz & Kossoff, LLP | May 11, 2020 | Estate Planning
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...
On behalf of Panitz & Kossoff, LLP | May 3, 2020 | Estate Planning
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...
