On behalf of Panitz & Kossoff, LLP | Oct 20, 2020 | Estate Planning
California doesn’t currently have an estate tax, but that doesn’t mean that you can transfer your property without anyone having to pay any fees, though. There is a federal estate tax that heirs must pay when they receive estate assets. How much a...
On behalf of Panitz & Kossoff, LLP | Oct 7, 2020 | Estate Planning
Probate is a topic that can be a little bit complex and hard to understand. That’s why it’s a good idea to sit down with your attorney and have a conversation about how to avoid it. Probate is a process where an estate goes to the court to be distributed. Essentially,...
On behalf of Panitz & Kossoff, LLP | Sep 24, 2020 | Estate Planning
Estate planning isn’t just about who will get your assets when you die but the protections you need if you are alive and vulnerable. Many people will include plans for their future health care needs in a comprehensive estate plan. Creating an advance health care...
On behalf of Panitz & Kossoff, LLP | Sep 4, 2020 | Estate Planning
Parents who are caring for a child who has special needs might know that the child will need to rely heavily on needs-based programs like Medicaid throughout their life. This can make it difficult to set up an estate plan that takes care of the child when both parents...
On behalf of Panitz & Kossoff, LLP | Sep 3, 2020 | Estate Planning
Your life will change in a variety of ways as you age. For example, you may soon realize that you’re not able to get around nearly as well as you once did. As a result, you have concerns about your health, well-being and ability to keep up with your home. Elder care...
On behalf of Panitz & Kossoff, LLP | Aug 26, 2020 | Estate Planning
To some degree, you think that an incentive trust sounds like a great idea. You’re going to leave your wealth to your heirs anyway. Why not put it in a trust that gives them some goals, like advancing their career or getting a college education? It seems like a...
On behalf of Panitz & Kossoff, LLP | Aug 14, 2020 | Estate Planning
When you fell and got hurt, you were left with a serious head injury. You managed to recover, but after going through the situation and seeing the decisions that were made on your behalf, you decided to set up a health care directive. In the future, you want your best...
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...
