Attorneys Justin M. Kennedy and Maggie A. LaBranch-Gonzales have been selected to the 2020 California Rising Stars list. This is an exclusive list, recognizing no more than 2.5 percent of the lawyers in the state. This is the 2nd year that Justin and Maggie have received this honor.Super Lawyers, part of Thomson Reuters, is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement. The annual … [Read more...] about Attorneys Justin M. Kennedy and Maggie A. LaBranch-Gonzales Selected as 2020 California Rising Stars
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...] about The Year 2020 (Video)
Attorneys Justin M. Kennedy and Magdalena A. LaBranch-Gonzales have been selected to the 2019 California Rising Stars list. This is an exclusive list, recognizing no more than 2.5 percent of the lawyers in the state.Super Lawyers, part of Thomson Reuters, is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement. The annual selections are made using a patented multiphase process, which results … [Read more...] about Attorneys Justin M. Kennedy and Magdalena A. LaBranch-Gonzales Selected as 2019 California Rising Stars
Blog Author: Stephen C. Hartnett, J.D., LL.M. (Tax), Director of Education,American Academy of Estate Planning Attorneys, Inc.This is part of a series of 6 blogs on important estate planning considerations. I’ll intersperse these blogs with other timely blogs.The first article in the series showed how an estate plan prepares one for incapacity during life and not just for the distribution of assets at death. The second article in the series focused on how an estate plan should take into … [Read more...] about 6 Important Estate Planning Considerations – Part 6: Taxes
In this blog article, we will address the issue of living trusts as they apply to married couples and what happens to the trust upon the passing of the first spouse.First, we will review the value of living trusts in general.Many people assume that a last will is the best choice when they are planning their estates. They believe that trusts are only useful for those who are very wealthy. However, this is not entirely true. While there are trusts that are utilized to meet the objectives … [Read more...] about What Happens to a Living Trust when a Spouse Passes Away?
Studies show that a majority of American adults do not have a complete and cogent estate plan in place. Failing to plan ahead for death and the likelihood of incapacity in our later years can be costly, both emotionally and financially.Many people do not have an estate plan because they don't understand the importance of estate planning. We will highlight some of the key reasons why estate planning is essential in this blog.Avoiding IntestacyIf you pass away without any estate … [Read more...] about Why is Estate Planning Important in 2016?
You may have concerns when you are planning your estate. Leaving money to a loved one can seem like a completely satisfying thing, but a windfall of money can sometimes have a negative impact. This is especially true if the person receiving the inheritance has not reached his or her full potential. It is possible to be prepared for this type of situation through the creation of a legal device called an incentive trust.StipulationsWhen you create and fund an incentive trust, you name a … [Read more...] about What Is an Incentive Trust?
Legacy planning is not all about money, but we should begin by looking at the potential impact of the federal estate tax. Most people are not exposed to this tax, but those who are vulnerable should take steps to gain estate tax efficiency.Topics covered in this report include: Preserving Monetary Resources Charitable Giving Family heirlooms Ethical Will Educational OpportunitiesClick here to read the whole article or download the PDF. … [Read more...] about Free Report: What is California Legacy Planning
Assuring that our loved ones inherit our assets is a key component to effective estate planning. However, one of the most valuable legacies we can leave are memories. Your family will appreciate the assets you pass on, but they will treasure the memories and stories you leave behind even more. Just imagine all the memories you can leave, and the fun you can have with your family and friends, by making photography and archiving precious photos your new hobby.Many of us have boxes or albums … [Read more...] about A New Hobby to Bridge Generations and Create Lasting Memories
The process of estate planning is going to mean different things for different people. What is important to one family may not be important to another. One of the deciding factors will be the extent of the estate in question. If you are simply transferring a relatively modest store of assets to your children and there is no estate tax responsibility, you are in a particular situation. However, if you have been extraordinarily successful throughout your life from a financial perspective, you must … [Read more...] about California Legacy Wealth Planning: What Is It?