Blog

05 Mar What is a Special Needs Trust?

A Special Needs Trust is a special trust created for a loved one who is currently receiving or will receive Supplemental Security Income (SSI) and/or  Medi-Cal. People who receive SSI and Medi-Cal are required to have only minimal financial resources to qualify.  If a loved one inherits an asset,  he...

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05 Feb New LLC Law & Its Impact

On January 1, 2014, a new law called the California Revised Uniform Limited Liability Company Act (RULLCA) governing California Limited Liability Companies came into effect, replacing the previous law Beverly-Killea Limited Liability Company Act. The new law could apply to actions taken by a existing LLCs...

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10 Jan Digital Assets: Modern Practical Estate Planning

Check out this article that was published in California CPA Magazine's January-February issue co-authored by Armine Bazikyan and Michael B. Allmon, the founding chair of the CalCPA Estate Planning Committee. The article discusses how to incorporate your digital assets into your estate plan. Click Here to read the...

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05 Jan Digital Assets

What are Digital Assets? Digital Assets are your assets that exist primarily in the virtual world, or online (i.e. Facebook, email accounts, PayPal, business websites, files on your computer, tablets, mobile phone). incredibly Digital assets have sentimental, historical, and financial value. Because of the advances in technology,...

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19 Sep Digital Assets

Does your Estate Plan take into account your digital assets? So, you've thought about your funeral arrangements and who inherits your assets when you are no longer living, but have you thought about what happens to your digital assets when you die or are incapacitated? What are...

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09 Sep Selecting a Guardian for Minor Children

 Guardian for Minor Children. Parents worry about everything when it comes to their children. Feeding them the best foods, keeping them safe and healthy, providing them with tools to help them learn and develop. BUT, what most parents forget is making sure to name a guardian...

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04 Sep Posthumously Conceived Heirs: Should they inherit?

[caption id="attachment_920" align="alignright" width="214"] Posthumously Conceived Heirs[/caption] Who are they? An heir is someone who inherits from you after your death under California law. For example, your wife, children, and grandchildren are considered your heirs at law. A posthumously conceived heir is a child or grandchild that...

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