What is a Special Needs Trust in California?
If you have a child with special needs, it is critical to create a comprehensive estate plan that includes providing for their future financial needs. A special needs trust is one tool that you should consider adding to your estate plan. Carlsbad estate planning attorney Andrew Fesler gets into the topic of a this important […]
Carlsbad Estate Planning Lawyer Talks About Errors a Trustee Can Make
Hopefully, your Carlsbad estate planning lawyer has included a trust in your California estate plan. Carlsbad estate planning lawywer Andrew Fesler has been setting up trusts for many years and he has seen that with the right planning and the right attorney, mistakes can be avoided. One way is to understand what a trustee is […]
California Tax Laws That May Affect Inheritance
It is important to consider tax implications when creating an estate plan in Carlsbad, California. In addition to federal tax laws, such as the federal estate tax and gift tax, California has tax laws that can affect how you deal with beneficiaries inheriting part of your estate. Andrew Fesler is a qualified estate planning attorney […]
How to Protect Assets in California
Asset protection is a type of legal planning that keeps your property safe from creditors and lawsuits. Asset protection is completely legal in California and it is important to protect assets in California, especially if you have worked hard to accumulate money and properties. An asset is something that is owned by you or something […]
Importance of a Living Will in California
A living will in California is an essential document to include in your comprehensive estate plan. It is a legal document that states your healthcare preferences for end-of-life care. A Living Will helps you prepare for the unexpected such as a life threatening car accident or an illness which quickly causes deterioration. It addresses decisions […]
Does California have Estate Tax or Inheritance Tax?
When it comes to estate planning and inheritance, understanding the tax implications is crucial. In California, residents may wonder if there is an estate tax or an inheritance tax in the state. The good news is there isn’t a state estate tax or an inheritance tax in California. There is however a Federal Estate Tax […]
Five Things to Know about California Probate
California Probate is the legal process that takes place after someone passes away. Its purpose is to administer their estate by paying outstanding taxes, paying off debts, and distributing assets to beneficiaries. In California, unfortunately, the probate process can be complex and time-consuming. Here are five things to know about the California probate process. Consult […]
Second Marriage Estate Planning Is Important
Updating an estate plan upon a second marriage is important. Second marriage estate planning ensures that if both spouses want, they can make arrangements to have their new wife or husband provided for from the assets of the estate. As always, whenever important life events happen such as marriage, divorce, when you buy a new […]
Who Can Dissolve a Revocable Trust?
As the name suggests, a revocable trust can be dissolved or revoked at any time. But by who is important. The only person who has the ability to dissolve a revocable trust is the person who created it in the first place. The formal term for the person who creates the trust is the “settlor. […]
Estate Planning for Your Blended Family
Blended families can present a variety of wonderful opportunities to expand your relationships and elevate your life experiences, but they may also present some headaches in terms of your estate planning. Estate planning for your blended family is important to ensure that these valued relationships can be acknowledged as well. Rather than trying to figure […]
