estate planning Archives - Kevin J. Moore & Associates

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Posts Tagged ‘estate planning’

Ten Wealth Preservation Strategies

estate planning

Estate and tax planning — it’s a subject many people like to avoid. That’s often because they think that estate planning is about two topics they’d rather not focus on: death and taxes. For some people, estate and tax planning is about something even more ominous: death, taxes and math. There is, however, another way to look at estate and tax planning. Beyond the details it’s about doing something that […]

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Zye Acuna: Showing Up to “Do the Right Thing”

Zye Acuna Paralegal

Paralegal Zye Acuna discovered her passion for justice at a young age. Somewhere between eight years playing flute in the school band and two years on the drumline in her hometown of Chino Hills, Zye connected with an innate sense of fairness and a deep respect for doing the right thing. A career in the legal field seemed a natural fit for her. With a degree in political science and […]

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When an IRA Trust is a Good Estate Planning Tool

ira trust - family estate planning

Many of my clients have accumulated substantial assets in an IRA. It is commonly, along with their real estate holdings, one of the largest assets they have in their estate. There are, however, certain issues that arise when the owner of the IRA passes away. Most notably, the assets in an IRA do not pass through a living trust. They pass to the beneficiaries pursuant to the terms of the […]

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Don’t Forget Property Tax Issues When Planning Your Estate

kevin j moore - property tax issues

As a property owner or investor, you know the drill: the tax assessor establishes the value of any property you own at the time of purchase and you are responsible for the taxes based on that assessment. Your property tax rate may go up annually – but not by more than 2% a year thanks to Proposition 13. But what happens when you pass your property on as part of […]

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Ten Wealth Preservation Strategies

Estate and tax planning — it’s a subject many people like to avoid. That’s often because they think that estate planning is about two topics they’d rather not focus on: death and taxes. For some people, estate and tax planning is about something even more ominous: death, taxes and math. There is, however, another way to look at estate and tax planning. Beyond the details it’s about doing something that to […]

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Family Feuds and Trust Litigation: Weighing the Monetary and Emotional Cost of a Lawsuit in Estate Planning

If you were wronged in a business transaction, let’s say by a supplier of goods or a provider of services, litigation can be a wonderful tool. You hire a lawyer who takes your claim to court, and ideally you end up with a judgement that leaves you feeling vindicated. After the case, you get on with your life, henceforth avoiding any business dealings with the party you sued. When it […]

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Estate planning for women: Why it’s important and some tips

Did you know that estate planning is more important for women than for men? Why? Women have a higher life expectancy than men, and those who marry tend to pick partners older than themselves. They are therefore not only more likely to become incapacitated as they age, but also more likely to be widowed. And in most cases, they will have the final say when it comes to the distribution […]

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Legal standing and grounds: Who can file a will contest and why?

As an attorney, I sometimes receive inquiries from potential clients who want to challenge the will of a recently deceased person. I invariably end up disappointing these people when I tell them that a will contest is not only expensive but also very hard to win. Why? To begin with, only a handful of people in any given case have the legal standing to file a will contest. Moreover, the […]

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Maintaining flexibility: How sprinkling trusts work

When we think of legacies and inheritances, we often associate the term fairness. But fairness means different things to different people. One person will say that distributing assets to inheritors fairly is equivalent to each one receiving the same share. Another person will argue that treating people fairly means paying attention to an individual’s needs and accordingly adjusting distributions. Let’s look at a hypothetical scenario: Heather and Juan have three […]

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TOD registration or probate? How to keep you car from collecting dust after you die

What will happen with your car when you die? Will it sit in some driveway for months, collecting dust and losing value while your estate goes through probate? Not if you’re proactive, at least in California. As one of about a dozen legislatures countrywide, the Golden State allows residents to add a transfer on death (TOD) beneficiary to a vehicle’s title. After your death, this person will automatically own your […]

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