On behalf of Law Offices of Alice A. Salvo | Mar 4, 2020 | Estate Planning
Many people mistakenly believe that a will is the only item necessary to ensure that their future estate planning needs are covered. However, a comprehensive estate plan will need to include several other devices of equal importance. By having the 4 pillars of your...
On behalf of Law Offices of Alice A. Salvo | Feb 28, 2020 | Estate Planning
Last month, news of the devastating and tragic deaths of Kobe and Gianna Bryant shocked and saddened the world. The fact that the retired NBA superstar and his 13-year old daughter were killed along with seven other passengers in a helicopter crash is still difficult...
On behalf of Law Offices of Alice A. Salvo | Feb 27, 2020 | Estate Planning
While the importance of estate planning is generally well-known, it is also important to understand what will happen if you happen to pass away without a will dictating what is to be done with your assets. Persons who died without a will are considered to have died...
On behalf of Law Offices of Alice A. Salvo | Feb 25, 2020 | Estate Planning
California residents who have worked hard to build wealth may want to leave behind an estate designed to minimize federal tax liability. CNBC explains how strategic planning can help a taxpayer capitalize on current federal tax exemption limits for estates and gifts....
On behalf of Law Offices of Alice A. Salvo | Feb 7, 2020 | Estate Planning
Many California residents rely on the creation of a will to relay their wishes after they pass away. If you have similar plans, you must know how to create a valid will. Each state has its own unique way of interpreting a will’s validity. Today we will take a...
On behalf of Law Offices of Alice A. Salvo | Feb 5, 2020 | Estate Planning
If you’re like most people, you’re not rich and you don’t have an estate plan. If you don’t have a fat portfolio of assets to leave to your loved ones, why would you need one? Maybe because an estate plan can do far more than transfer assets. It’s true that most...
On behalf of Law Offices of Alice A. Salvo | Jan 27, 2020 | Estate Planning
A successful estate planning strategy hinges on a variety of factors. Each person’s or family’s situation is different. Still, a number of the steps are similar and require knowledge and action in common and specific areas. This article focuses on two...
On behalf of Law Offices of Alice A. Salvo | Jan 27, 2020 | Estate Planning
If your elderly parent does not have a comprehensive estate plan in place, you likely want to encourage him or her to begin the planning process. Alternatively, if your aging loved one has not reviewed an existing plan in some time, it may no longer reflect his or her...
On behalf of Law Offices of Alice A. Salvo | Jan 20, 2020 | Estate Planning
When a married couple is planning for their estate, matters can become surprisingly complicated. This is especially true when the two had assets coming into the marriage, or separate property. Often, spouses mistakenly designate assets in their estate plans without...
On behalf of Law Offices of Alice A. Salvo | Jan 15, 2020 | Estate Planning
For many people, social media is a part of daily life. If you utilize social media a lot, your family may wish to preserve your accounts after your death. Having these accounts allows them to revisit posts you made or pictures you posted. It can help them stay...
