You might not think creating an estate plan is necessary unless you’re older or have developed a terminal illness. However, an estate plan can benefit people of any age. It’s a good idea to plan for the unexpected, so your assets remain protected and anyone who depends on you will receive the financial assistance necessary […]

There is good news for Americans collecting Social Security benefits in 2022. The roughly 70 million who receive Social Security benefits will receive the highest cost of living increase in four decades. This increase was made to offset inflation. Those receiving Social Security and Supplemental Security Income stand to receive a nearly six percent (5.9%, […]

As people live longer, their susceptibility to cognitive decline increases. For many adult children with aging parents, this means they have to get involved in their parents’ financial and legal affairs. Estate planning, including the creation of a will, is ideally done well before any cognitive decline takes place. However, it’s never too late. Even […]

When you’re the primary caregiver for an aging parent or another family member incapable of caring for themselves, you probably find yourself putting your own needs aside to meet theirs. However, our Santa Clara County elder lawyers want you to be at your best to provide the care and assistance necessary for your loved one […]

Planning for death can be an unpleasant experience for anyone. It often comes with uncomfortable conversations and difficult decisions. However, creating an estate plan is one of the most important things you can do in life. If you want to protect your loved ones and ensure they receive the care and assistance they need when […]

The Covid-19 pandemic continues to affect individuals and families throughout the country. During the last two years, many people started thinking about their futures and the type of financial security they require in their lives. Business owners reevaluated how they run their businesses and handle their finances. If the pandemic taught us anything, it’s that […]

Typically, the decision to place your loved one in a long-term care facility is an emotional one. You might not have the time or ability to take care of your family member yourself. You worry about their well-being if they live alone and don’t receive the daily assistance they need. Although the idea of moving […]

When you create an estate plan, you might wonder how to avoid or reduce gift and estate taxes when your beneficiaries receive your assets. An irrevocable trust is an excellent option to accomplish this goal. More specifically, a Grantor Retained Annuity Trust (GRAT) could minimize estate and gift tax liability. What Is a GRAT? A […]

After the loss of a loved one, you will likely have to go through a legal process called probate to administer his or her estate. It can be overwhelming and intimidating, as you may not initially know who to contact, what’s required of you, or how the process works in general.  There are also a […]

While creating an estate plan with a Santa Clara will and trust lawyer, it’s nearly always advisable to include directives regarding medical treatment, incapacity, and end-of-life care. If you don’t outline your wishes for these particular scenarios, you may leave your family with the difficult responsibility of making these decisions for you.  Worse, they may […]