The Roles Life Insurance and Retirement Account Beneficiary Designations Play in Your State Plan

By : | Category : administration, Beneficiaries, estate plan, Life Insurance, Retirement | Comments Off on The Roles Life Insurance and Retirement Account Beneficiary Designations Play in Your State Plan

2nd Feb 2017

Ensuring that all your designated beneficiary details information is complete and accurate is one of the most commonly overlooked details of a comparative estate plan. It is critical that this improvement is as accurate and up-to-date as possible as this … more

Getting a Life Insurance Policy Would be a Good Complement to Your Estate Plan

By : | Category : California, Estate Planning, Life Insurance | Comments Off on Getting a Life Insurance Policy Would be a Good Complement to Your Estate Plan

22nd Jul 2013

If there is anything in common between life insurance and estate planning, it is the idea of death.  People associate these two items with death and thus procrastinate in getting one.  That is unfortunate.  Life insurance and estate planning is … more

13th May 2013

The best way to avoid probate in California is through a living trust. But, there are other ways to avoid probate as well.  Joint tenancy ownership avoids probate as long as one or more of the joint tenants are surviving. … more

4th May 2013

The 3 most common irrevocable trusts are: 1.  The Irrevocable Life Insurance Trust, often referred to as an “ILIT”.   This kind of trust is designed to create liquidity for payment of estate taxes, and at the same time taking … more

29th Apr 2013

The terms “heir” and “beneficiary” are often used interchangeably by many people and I do so as well from time to time. However, there is an important difference between an “heir” and a “beneficiary”. An “heir” is someone who has … more

18th Nov 2011

Dwight Edward Tompkins, Estate Planning Attorney. California Family Trusts 

20th Jul 2010

Yankee’s owner, George Steinbrenner died on July 13, 2010 leaving his family an estimated $1.1 Billion Estate! And, under the current 2010 tax law, his estate will pay NO ESTATE TAXES? That’s right!   Congress and the President have not … more

7th Apr 2010

Funding a living trust or family trust is a critical step in achieving the goals of the trust estate plan. Failure to properly fund a trust will result in an overall failure of  the trust itself to carry out its … more