To put it simply, dying intestate means you don't have a will. Did a close relative die without a Will? While you will encounter some complexities, if you know the rules, you can navigate them. How will the estate be distributed in the absence of a Will? To start with, many assets aren't passed by Will, such as: Life insurance proceeds.Real estate, bank accounts, and assets are held in joint tenancy/community property with the right of survivorship.Property held in a living … [Read more...] about What It Means To Die Intestate
6 Steps To Consider for Early Retirement
A lot of people dream of early retirement. However, according to findings from the Boston College Center for Retirement Research, the average age of retirement has risen to 65.7 years old for college-educated men, 62.8 years old for college-educated women, and around 62 years old for people whose highest level of education is a high school diploma. FACT: Planning ahead is essential if you want to retire early. Gaining control over your time is really what the early retirement … [Read more...] about 6 Steps To Consider for Early Retirement
Happy Easter, Passover, and Ramadan from the Sandoval Legacy Group family and law firm!
Best wishes to the members of three faiths. With this season of Easter, Passover, and Ramadan upon us, Sandoval Legacy Group Family wishes you warm thoughts and blessings as you gather with the ones you love. Easter is Sunday, April 17, for most Christians. However, it’s April 24 on the Eastern Orthodox calendar. Easter celebrates the resurrection of Jesus after his crucifixion. Passover begins Friday, April 15, and ends Saturday, April 23. It celebrates the liberation of Jews from … [Read more...] about Happy Easter, Passover, and Ramadan from the Sandoval Legacy Group family and law firm!
Brain Injury Awareness Month 2022 — #MoreThanMyBrainInjury
It’s March, and that means it’s Brain Injury Awareness Month. A national effort to raise awareness of brain injury is led by the Brain Injury Association of America (BIAA) every March and from 2021-2023, has been designated #MoreThanMyBrainInjury in recognition of the over 5.3 million adults and children in the U.S. with a permanent brain injury disability. While strokes, infectious diseases, and brain tumors are among the most common causes of these injuries, these numbers also include … [Read more...] about Brain Injury Awareness Month 2022 — #MoreThanMyBrainInjury
Can You Claim the Credit for Other Dependents?
It should come as no surprise that providing care for adult children, relatives, or parents can result in additional financial strain. To alleviate this stress, the IRS offers a credit for dependents over the child tax credit age of 18. For each dependent who meets these requirements, you may qualify for a $500 credit: Is 17 years of age or older.Has a taxpayer identification number.Are dependent parents or other qualifying relatives supported by the taxpayer.Are dependents living with the … [Read more...] about Can You Claim the Credit for Other Dependents?
A Guide To Finding A Caregiver
If you or someone you love cannot make it through a day without assistance, what do you do? This is an emotional and difficult issue that most families have to deal with sooner or later. One option would be to have an adult child move in with the care recipient, or the other way around so that there is always someone available to run errands and provide companionship. But sometimes a move isn't feasible. Alternatively, one can move into a retirement home that offers on-site services, but the … [Read more...] about A Guide To Finding A Caregiver
This Valentine’s Day Give Your Loved Ones The Gift of Peace of Mind.
In Honor of Love Month, Enjoy A Valentine's Day & Estate Planning Special Offer. Love month is officially upon us! While Valentine's Day cards, heart-shaped candy, and overpriced stuffed animals are great, wouldn't it be nice to give a gift to our loved ones that will truly help them? Love is always a reason for celebration, especially if it comes from your heart. Although couples may get all the attention this time of year, they are not the only ones who … [Read more...] about This Valentine’s Day Give Your Loved Ones The Gift of Peace of Mind.
The Importance of Talking To Your Family About Your Final Wishes
Benjamin Franklin is credited with saying, “In this world nothing can be said to be certain, except death and taxes.” Despite the certainty of death, many put off estate planning. Death and finances are two of the most uncomfortable subjects, they are both emotionally charged, and nobody wants to talk about either one of them. One of the hardest decisions people make in the estate planning process is how much (and when) to tell their children about their plan. It is no surprise that most people … [Read more...] about The Importance of Talking To Your Family About Your Final Wishes
To all the veterans out there… we salute you! Thank you for your service and sacrifice!
Today, and every day, Sandoval Legacy Group, a division of Holstrom, Block & Parke, is proud to support, and honor veterans. In celebration of Veterans Day and Armistice Day, we honor all who serve. Every year, Veterans Day falls on November 11th – Armistice Day. Armistice Day (officially changed to Veterans Day by President Eisenhower in 1954) marked the end of World War I, but now it serves to honor all service men and women from many countries around the … [Read more...] about To all the veterans out there… we salute you! Thank you for your service and sacrifice!
Living Trusts: What Are They?
A living trust, set up during your lifetime, is designed to allow for easy transfer of your assets. A trustee holds legal possession of the assets and property in your trust and has a fiduciary duty to manage the trust prudently for the trust's beneficiaries. Most significantly, it provides for an easy mechanism to facilitate the management of your asset if you become incapacitated, to designate what you want to occur upon your passing, and tp avoid the costs and delays of a probate … [Read more...] about Living Trusts: What Are They?
