There are many reasons to set up a trust rather than a will. In California, trusts are often set up to avoid the costs and delays probate, which is the court supervised administration of an estate. However, your trust must be “funded” in order to avoid probate or...
Serving The Bay Area For More Than A Decade
Estate Planning
Caregiver Statute
California Probate Code Section 21350, also known as the Care Custodian Statute, presumptively invalidates testamentary gifts (gifts left in a will or a trust or even by beneficiary designation) made by an elder to individuals who provided health and social services...
I Give You My Heart and My Home- Gift and Tax Income Consequences for Gifting Property
Meet Wanda and Jane. They have been a happy couple since January 1, 1986, and celebrated their silver anniversary by registering as Domestic Partners on January 1, 2011. In 1999, Wanda bought a home for them to share with $600,000 of an inheritance she received from...
Medicare Qualifications
Medicare is a health insurance program provided by the federal government to U.S. citizens and permanent residents of the United States who are: 65 years of age or older; Disabled; or Have End-State Renal disease. It is also possible for a U.S. citizen or permanent...