Schedule a Free Consultation 800-970-3414

When Do I Need to Update My Estate Plan?

By | Blog Home, Estate Planning

With the ongoing concerns related to Coivd-19, many spouses and individuals have thought their estate planning documents.  If you have already done the work to make an estate plan, now may be a good time to revisit it to ensure that you still feel the same way about what you put into your documents several years ago. 

Read More

Funding Your Trust

By | Uncategorized

Back to Basics: Funding Your Trust

Congratulations! You did the work and made your living trust. Now what? You need to be sure you put your assets into the trust.  Most attorneys will prepare the paperwork to ensure your house is titled in the name of your trust, but you are responsible for your remaining assets. For example, for financial accounts, you will need to provide the financial institution with your trust and often with a document called certificate of trust (this tells the bank who the current acting trustee of your trust is) and then direct that your accounts be titled in the name of your living trust.

Funding your trust is important in California. If you die and your estate (all property outside your trust) is greater than $166,250.00, then your trustee will be forced to go to court to ask that your assets be put into your trust. This costs additional time and money for your loved ones.

If you already have a living trust and have questions about titling, please do not hesitate to contact the Law Offices of Lisa C. Bryant, INC at (408) 286-2122 or (714) 276-2788.

All materials have been prepared for general information purposes only to permit you to learn more about our firm, our services and the experience of our attorneys. The information presented is not legal advice, is not to be acted on as such, and may be subject to change without notice.

Watch Your Wallet! Medical Deductions (Part 2 of 2)

By | Blog Home, Finances

In our last article we provided some ways in which you can make medical bills, nursing home care, and special needs or age related home additions and modifications work for you to save money on taxes.Here are some more ideas for tax deductions, including alternative medicine, and services for special needs care. We shall explore timing your expenses for maximum deductions as well as other entities like a special needs trust.

Read More

Holographic Wills:  Why handwriting your Will is not a good idea

By | Blog Home, Estate Planning

A holographic will is a handwritten will (no typing on the computer) that is valid in California if it meets certain requirements identified at California Probate Code §§6110-6111.  Although it seems cost-effective to be able to simply jot down your final wishes next to that crossword puzzle you were trying to finish, there are potentially some major pitfalls. Learn more…

Read More