Every year before the tax deadline, people search for as many tax deductions as possible to lower their income tax liability. The California Estate Planning Attorneys at Salvo Law are often asked, “Are legal fees for estate planning tax deductible?” ... Read More
Tax laws can change quickly, so you need an effective estate plan in place to help you protect your assets and secure your future. One such estate planning tool is the Spousal Lifetime Access Trust, or SLAT. How can you ... Read More
January 26, 2020, the tragic news of a fatal helicopter crash involving NBA legend Kobe Bryant and his daughter Gianna shocked the world. The terrible accident left Kobe’s wife and Gianna’s mother Vanessa to grieve their losses along with the ... Read More
As time passes and your parents move into their retirement years, they will have some new things to consider. However, they may not realize everything they need to do to plan for this phase of their lives. The good news ... Read More
For many of the Woodland Hills clients with whom we work here at The Law Offices of Alice A. Salvo, the decision of whom to give power of attorney and what form to grant unto them is a difficult one. Specifically, ... Read More
When it comes to preparing for the future, many people think having a “simple will” is enough. However, sometimes complicated and time-sensitive issues can arise in this area that can’t be addressed by a will. The good news is that ... Read More
Having a California living trust is an excellent way to plan for your estate and provide for your beneficiaries. However, as with any part of your estate plan, it’s essential to make regular updates. If you have not revisited this ... Read More
California residents may be unaware about the most common mistakes people make when planning an estate trust. While it may be difficult to think about, not taking precautions when arranging a trust can cause major dilemmas in the future. For ... Read More
We have all heard horror stories about wealth that passes down from one generation to another and does not pass the test of time. One of the most infamous examples is the fortune of Cornelius Vanderbilt, who would be worth ... Read More
How many trusts one should have is a question that comes up frequently because it used to be that two trusts were the norm. There’s some history behind this: estate tax laws (tax on the value of what is left) were ... Read More
