NEW ESTATE TAX LAW – WHAT IT MEANS TO YOU

By : | Category : Estate Planning, Estate Taxes, Family Trusts, Financial Planning, Living Trusts, Orange County | Comments Off on NEW ESTATE TAX LAW – WHAT IT MEANS TO YOU

19th Jan 2011

Last month, the President signed into law the “Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. The new law reinstates the estate tax, but sets the exemption amount at $5 Million, and sets the maximum tax rate … more

MERRY CHRISTMAS

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18th Dec 2010

MERRY CHRISTMAS CALIFORNIA FAMILY TRUSTS  Dwight Edward Tompkins Estate Planning Attorney TOMPKINS-LAW.COM 

19th Nov 2010

DWIGHT EDWARD TOMPKINS Attorney at Law TOMPKINS-LAW.COM    This blog is intended for informational purposes only and is not a substitute for legal advice from a qualified estate planning attorney in your jurisdiction.  

17th Sep 2010

a A prenuptial agreement sets out the property rights between the partners to a pending marriage, i.e., what will be their community property (what they own together), and what will be their separate property (what one of them owns separate … more

3rd Sep 2010

If you have minor children, you should have a will prepared and executed in which you nominate the guardians for the children in the event of your death. Even if the size of your estate justifies the use of living … more

4th Aug 2010

An incapacitated person is deemed to lack legal ability to act; i.e., make legal decisions, sign documents, enter into agreements, etc. There are 3 principal ways to protect yourself in the event of incapacity.  The 3 protections are to execute … more

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

ESTATE PLANNING BASICS

By : | Category : Assets, Estate Planning, Family Trusts, Legal Advice, Living Trusts, Real Estate, Trustees, Trusts | Comments Off on ESTATE PLANNING BASICS

16th Jun 2010

VIDEO:   ESTATE PLANNING BASICS:  Everything you need to know about FAMILY TRUSTS and Estate Planning.

THE TRAGEDY OF A “BOTCHED TRUST”

By : | Category : Amend, Clients, Estate Planning, Family Trusts, Legal Advice, Living Trusts, Trust Funding | Comments Off on THE TRAGEDY OF A “BOTCHED TRUST”

17th Apr 2010

I am often asked to review and amend living trusts or family trusts that have been not been originally prepared by me.  Tragically, some of these turn out to be a “botched trust”.  A “botched trust” is a trust that will ultimately fail when … 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