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April 2014 Archives

Do Californians procrastinate end-of-life planning?

Making end-of-life decisions can be a tough task to face. You may not want to think about your own passing, but you’ve worked hard to build a legacy to protect your family’s financial future and you don’t want to squander it now by not having an estate plan in place before it’s too late.

Estate tax minimization still an important goal in estate planning

Historically, estate tax minimization is an important aspect of estate planning. Not that it isn’t still important nowadays, but as many of our readers know, the federal estate tax exemption is at an historic high of $5.34 million. That means that many Americans have little or no need of worrying about estate tax liability at the federal level.

Late actor's family fights over his remains

American film actor and entertainer Mickey Rooney, as our readers may know, died on Sunday at the age of 93, leaving behind quite an impressive career but not a whole lot to show for it financially speaking. On Tuesday, it was revealed that the extent of the actor's estate was $18,000. Rooney, though a will signed on March 11, left all of that to his caretaker stepson and his stepson's wife.

Reduce inheritance disputes by good communication

When Whitney Houston died a couple years ago, it was predicted by estate planning professionals that her will would be the source of strife in her family. That is because the will contained a provision that put a significant amount of money in trust for her daughter Bobbi Kristina, who was thought by some of Houston’s family to be too young to handle so much money. Not to mention the fact that whenever there is a lot of money at stake, people tend to fight.

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