Leaving a Legacy for Your Disabled Child
Your Children with Disabilities Will Become Ineligible for Benefits…
Unless You Act!
Parents of children with mental or physical disabilities face a variety of challenges in ensuring their children can successfully navigate life with and without them. Because people with disabilities are living longer due to advances in healthcare and other enabling strategies, they are increasingly...
Is an AB Trust Still Effective?
Is the AB Trust Still Part of Your Estate Plan? Should It Be?
An AB trust is a joint trust commonly created by a married couple to minimize estate taxes prior to the considerable increase in federal estate tax exemption. This trust is funded with assets of each spouse and divides into two separate trusts (Trust A and Trust B) upon the death of the first spouse.
The AB trust plan results in the...
Understanding Prop 13
Proposition 13: How Not to Lose it
Proposition 13 has saved many homeowners from losing their homes by keeping property taxes low. Passed by voters in 1978, Proposition 13 lowered property taxes to 1% (from 2.67%) of the full value of the property. Equally as important, Proposition 13 capped the increase in taxes to a maximum increase of 2% per year regardless of the value of the property. A...