Life insurance serves many very important purposes in planning throughout a person’s lifetime, and with the right life insurance strategy, you can safeguard who and what you care about while creating opportunities for your wealth to go further. Continue reading or Click here to download a copy of our eBook outlining a few of the very important reasons life insurance can help during the estate planning process. ESTATE / FINANCIAL PLANNING Income Replacement When a … [Read more...] about USES OF LIFE INSURANCE IN ESTATE PLANNING AND ELDER LAW
How will Kim Kardashian West and Kanye West divide up their real estate empire?
How will Kim Kardashian West and Kanye West divide up their real estate empire? But what inquiring minds really want to know is this: How will their massive real estate holdings be divided? According to the People, the couple are in agreement over joint legal and physical custody, neither is contesting the prenup in place, negotiations have progressed and they are nearing a settlement. For example, one billionaire couple that Lenz’s firm worked with had a $10 million prenup, but the … [Read more...] about How will Kim Kardashian West and Kanye West divide up their real estate empire?
True Love Lasts a Lifetime. So Does an Estate Plan.
There are many different ways to express how much we care and say, “I love you.” Red roses, a date night, a spa day, or planning a trip are all great ways to celebrate Valentine's Day. However, what says "I love you" more than assuring them that you will do anything you can to minimize their stress should something happen to you? This Valentine’s Day, consider giving your loved one an unconventional gift… an estate plan. Don't forget the flowers and chocolates too! While a … [Read more...] about True Love Lasts a Lifetime. So Does an Estate Plan.
Voters Increase Taxes for Transfers of Property to Children With Passage of Proposition 19
With the passage of Proposition 19 Californians have eliminated many of the property tax exemptions they have enjoyed for decades. This exemption was for transfers between parents and children and in some cases, grandparents and grandchildren. THE OLD LAW Prior to the passage of Proposition 19, a parent could transfer a personal residence of unlimited value to children without an increase in the property taxes that the parents paid on the home. So for parents, like mine, who had … [Read more...] about Voters Increase Taxes for Transfers of Property to Children With Passage of Proposition 19
Questions to Ask an Elder Care Attorney
The number of older adults in the United States has grown significantly in recent years and experts tell us that growth will not slow down in the decades to come. In fact, by the year 2050 those same experts predict that for the first time in history, the older population (age 65 and older) will outnumber their younger counterparts (age 21 and younger). The growth in the senior population has caused an increased interest in elder care issues and concerns. While seniors face many of the same … [Read more...] about Questions to Ask an Elder Care Attorney