In this video, Attorney Maggie LaBranch-Gonzales defines what funding is, what assets you should fund into your living trust, and why you, more than anyone else, determine the effectiveness of your trust.Litherland, Kennedy & Associates, APC, Attorneys at Law are members of the American Academy of Estate Planning Attorneys. If you would like to learn more about the importance of estate planning, we invite you to attend one of our free estate planning seminars. … [Read more...]
COVID-19 aka the Coronavirus: A Reminder to be Prepared
by Attorney Maggie A. LaBranch-GonzalesLitherland, Kennedy & Associates, APC, Attorneys at Law If you’ve heard me speak in our seminars or workshops, or you’ve had the pleasure of meeting with me at the office, I can imagine you hearing my voice right now (kindly) reminding you that we all die. (Way to be blunt, right, Maggie?) But, seriously, for me, the most important part of Estate Planning is not necessarily what happens when you’ve passed away, but whether you are adequately … [Read more...]
The SECURE Act – How to Limit the Income Tax Hit to Those Inheriting Your IRA (Video)
The SECURE Act, which became law in 2020, greatly restricts inherited IRAs and imposes a ten-year period in which the inherited IRA needs to be completely withdrawn. In this video, Attorney Justin M. Kennedy discusses how to Limit the Income Tax hit to those Inheriting your IRA under the SECURE Act.Litherland, Kennedy & Associates, APC, Attorneys at Law are members of the American Academy of Estate Planning Attorneys. If you would like to learn more about the importance of estate … [Read more...]
The Year 2020 (Video)
With the year 2020, if you abbreviate the year by only listing the last two numbers, then you are writing 20 – which then leaves your date subject to fraud. Someone could add two extra numbers after your 20 and make a drastically different date. Watch our video as Attorney Justin M. Kennedy explains why it's vital that you list the full year when you are writing the year 2020 on all legal and financial documents.https://youtu.be/raBVIzqFx1kLitherland, Kennedy & Associates, APC, … [Read more...]
The SECURE Act: What You Need to Know (Video)
On December 20, 2019, the President signed into law the SECURE Act, this stands for “Setting Every Community Up For Retirement Enhancement" Act. The SECURE Act greatly changes many aspects of IRA planning. Our Attorney Justin M. Kennedy discusses what our prospects and clients need to know about the new law.Watch our video on the new act so that you are aware of the changes that can be expected with regard to IRA planning. We want you to be prepared as much possible so that your estate is … [Read more...]
Litherland, Kennedy & Associates is Hosting a Coat Drive this Winter – Join Us!
Litherland, Kennedy & Associates, APC, Attorneys at Law is hosting a coat drive to collect clean, gently worn or new, warm coats November 18th-January 31st at our Campbell office located at 3425 S. Bascom Avenue, Suite 240, Campbell, CA 95008. Area residents are invited to make a difference in our local community by donating to the coat drive and helping us reach their goal of collecting 50 coats.There are 39 million Americans living in poverty and struggling to pay their bills and … [Read more...]
THE TALK: Priorities, Preferences and Wishes
by Magdalena A. LaBranch-GonzalesLitherland, Kennedy & Associates, APC, Attorneys at LawAt our recent client appreciation event, we recommended that our clients have “The Talk” with their kids or loved ones…I know what you’re thinking; but it’s not that Talk. It’s probably been years since you’ve had to sit through that uncomfortable talk about the birds and the bees only to find yourself facing a new level of uncomfortableness.How do you talk to your kids or loved ones about your … [Read more...]
Estate Tax Exemption Amounts to Increase
by Justin M. KennedyLitherland, Kennedy & Associates, APC, Attorneys at LawThe IRA has announced the new Estate Tax Exemption amount (hereinafter “Exemption amount”) for 2020. The new Exemption amount will be Eleven Million Five Hundred and Eighty Thousand Dollars ($11,580,000). This Exemption amount is per U.S. Citizen – meaning a married couple may pass over Twenty-Three Million dollars Estate Tax free ($23,160,000 in 2020).To provide historical context, in 2002 the Exemption … [Read more...]
Thank You for Helping Team Litherland, Kennedy & Associates Reach Our 2019 Walk to End Alzheimer’s Fundraising Goal
On Saturday, October 12th, and Sunday, October 13th, Team Litherland, Kennedy & Associates participated in the Walk to End Alzheimer's. Our combined fundraising goal was $2,200, and we exceeded our goal by $505!Today, as many as 5.4 million Americans are living with Alzheimer’s – and nearly 11 million more act as caregivers for a loved one with the disease. Your donation will help by advancing the Association’s efforts in Alzheimer care, support and research.Thank you again for your … [Read more...]
New California Law Impacts Caregivers Who Marry a Dependent Spouse
by Justin M. KennedyLitherland, Kennedy & Associates, APC, Attorneys at LawOn June 26, 2019, the Governor signed into law AB 328 - this law is meant to protect dependent adults from being taken advantage of by their caregivers.A dependent adult is defined as a person who is 65 or older and either (1) is unable to provide properly for his or her personal needs for physical health, food, clothing, or shelter, or (2) due to one or more deficits in the mental functions the person had … [Read more...]
