Parents who develop an estate plan often do so to provide for their heirs financially. Many want to make sure hard-earned assets, family heirlooms, or closely held businesses stay within the family. Indeed, a common question is what cost-effective options are available to protect one’s children’s inheritance from a spouse in the event of untrustworthiness or divorce. Thankfully, there are many ways to structure your child’s inheritance to help ensure it will remain in the family for future generations. Here are a few available options.
Free Advance Health Care Directive for Your Bay Area Estate Plan
To help you during this difficult time, we drafted this Advance Health Care Directive template modeled after that California Probate Code Section 4701. This allows you to specify your wishes as to future medical decisions. After completing the Health Care Power of Attorney form, print and sign before a notary public.
Get the Most Out of Working with Your Attorney
Tax Filing & Payment Deadline Extension During Coronavirus (COVID-19)
Tax filing and payment deadlines by both the IRS and state tax boards. For instance, the California Franchise Tax Board has extended its tax filing and payment deadline for 2019 to June 15, 2020, waiving interest, late filing and late payment penalties. Click here to view the official chart from the American Institute of CPA - to check the rules for your specific state.
4 Signs You Need to Update Your Estate Plan Before 2020
Why Your Estate Plan Must Include Both Lifetime and “Death-time” Planning
According to a survey by Caring.com, six out of ten Americans have no will or any other kind of estate planning. Many said they’d get around to it, eventually. When they’re old. (The survey did find that the elderly are much more likely to have some plan in place.) It’s all too clear that most of us think “estate planning” is a euphemism for “death-time” planning.
