HIPAA Authorizations in Estate Planning
HIPAA (Health Insurance Portability and Accountability Act) is an ordinance that protects and provides rights to individuals over their health information. This rule restricts physicians and business associates to disclose the health information of patients unless they have a valid HIPAA authorization signed by the patients or their representatives. A valid HIPAA authorization contains the […]
What is a California Revocable Living Trust and Who Needs One in 2022?
A California Revocable Living Trust is a trust (a legal contract) where the terms can be changed (or canceled if) the person who created the trust (the grantor) decides.
What is a Charitable Lead Annuity Trust (CLAT) and can it help you defer taxes?
A Charitable Lead Annuity Trust (CLAT) opens up several perks that will significantly reduce your tax liabilities. If you want to get more value out of your highly-appreciated assets, here’s how you can defer taxes with Charitable Lead Annuity Trust and how you can get one started.
Ultimate List of Celebrities Who Died Without an Estate Plan (2022)
Over and over, we read the stories of celebrities who died with an estate plan.
Whether it’s wills, trusts, or co-ownership agreements, you’d think that these people will have something ready when they pass away. This makes the news of celebrities dying without a will so much more shocking.
New Federal Estate Tax Exemption Amount (2022)
In 2022 the federal estate tax exemption is $12,060,000 for an individual or $24,120,000 million for a married couple.
So how does this affect you? Put simply, this will only affect you if the total value of your estate exceeds the tax exemption amount.
Understanding the Irrevocable Life Insurance Trust in 2021- The Ultimate Guide to ILIT’s
An irrevocable life insurance trust (ILIT) is an advanced estate planning vehicle intended to hold life insurance policies. The main goals of an ILIT are to provide liquidity to the insured’s estate on the death of the insured and/or to pass death benefit proceeds to the insured’s beneficiaries free of federal estate taxes
California Health Care Power of Attorney (5 FACTS)
Making health care power of attorney means designating someone as your spokesperson for your health care decisions; if you are not in a position to make communicative decisions about aspects of your health care
Understand the California Durable Power of Attorney in 2 Minutes! (2022)
A California Durable Power of Attorney is a document that authorizes your agent (a person you choose) to manage your financial affairs if you become unable (or unwilling) to manage them yourself.
Estate Planning Checklist-Made Easy (21 Steps)
Our 21 Step Estate Planning Checklist will ensure that your health care and financial decisions will be carried out during incapacity and after death.
CA Will vs Trust Made Simple! | The Difference Between a Will and Trust (2022)
Have you ever wondered what the difference between a will and a trust is?
And no, it is not common knowledge… However it can have a giant impact on the lives of the ones you love the most.
