Why should you be reading the Geiger Law Office blog? Because estate planning isn’t just for the super-wealthy! You want your assets to be put to good use by your heirs, and you want your values to outlive you. If you are in the process of planning your estate in California, read our latest postings to get great advice for your—and your family’s—futures.
- Page 1
-
Top 10 Reasons You May Need to Update Your Estate Plan Now One of the most frequent questions we get asked is “how often do I need to update my estate plan”? Typically, we advise updating every 3 to 5 years. -
What is the Difference Between a Will and a Trust? Wills and Trusts are similar in that both are legal vehicles for passing assets at death and can each be amended throughout the will or trust maker’s lifetime. -
Shall vs. May as Used in Interpreting Trust Language In trusts, there is a different meaning for the words "shall" and "may" and it can make all the difference when interpreting a trust. -
New Estate Tax Exemption Indexed for Inflation for 2023 Revenue Procedure 2022-38 recently released announcing the new estate and gift tax exemption amount of $12,920,000 and $17,000 annual gift tax exclusion in 2023 -
What is the Difference Between a Will and a Trust? Wills and Trusts are similar because both pass assets at death, but the differences are far greater. Wills go through Probate but Trusts typically do not. -
Estate Planning for Digital Assets Digital assets should be considered when putting together your estate plan. Who can have access should an incapacity or death strike is critical for most. -
Prop. 19 Parent-Child Reassessment Exclusion Limited to $1MM The originally assessed value of the home gets added to $1MM of fair market value for a combined value of $1MM plus the originally assessed value. -
Prop. 19 and Its Effect on the Parent-Child Property Tax Reassessment Exclusion in California In 2021, Prop. 19 went into effect and modified existing law as it relates to any California real property purchases or transfers between parents and children. -
What Is a Retirement Plan Trust? Retirement Plan Trusts can help protect a beneficiary's inherited retirement accounts from divorcing spouses, creditors and predators -
How to Fund Your Revocable Trust Proper funding of your trust is vital to ensuring your wishes are followed and ensure those you intent to inherit from you do and in the way you intend.