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As we slowly and tentatively begin the process of emerging from lockdown and embracing the new normal in this time of uncertainty, it may be a good time for you to revisit your estate plan. In my practice, I encounter many clients who had estate planning documents drafted some fifteen or twenty years ago and [...]
In light of the new regulations brought on by the Coronavirus, many people have found themselves self-quarantined with their spouses and significant others, which brings to mind a topic that is particularly relevant in these times: common-law marriage and estate planning. For many unmarried couples, who have lived together for an extended length of time, [...]
In light of the uncertainty caused by the Coronavirus, many people are scrambling to get their affairs in order. In recent weeks, new and existing clients alike have reached out to me to draft new estate planning documents and update older documents. Fortunately, our office has been able to successfully work with clients in finalizing [...]
It’s that time of year...tax season. When most of us think of tax season, we think of our individual and business tax returns since these are the most common tax forms. Most of us do not think of the tax obligations relating to trusts—but many of us should. Many of my clients are surviving widows [...]
Dear Clients & Friends, There has been a major change in retirement planning, which may affect your estate plan. The Setting Every Community Up for Retirement Enhancement (SECURE) Act was officially signed into law on December 20. The major changes of the Act include: Most inherited retirement plans are now subject to a 10-year mandatory [...]
Southern California estate planning attorney Tony J. Tyre, the founder of The Law Offices of Tony J. Tyre, Esq., APC, appears on “So, What’s Your Problem?” radio show. “So, What’s Your Problem?,” on 790 KABC, is hosted by Stan Katzer. The show features guest professionals, such as Tyre, who offer intelligent advice and have a [...]
Everybody, at some point in life, needs to plan for their estate. Most people, when planning their estate, want a trust. “However, what many don’t know is that there are four imperative estate planning documents they must execute,” said Tyre, “including the following.” Revocable living trust. “A living trust helps your estate avoid probate court, [...]
Here’s a scenario I see all too often in our practice: A couple comes into my office to have their living trust reviewed. They tell me they responded to a mailer offering a steep discount to draft an estate planning package, but after signing their documents, they felt uneasy. As I go through each document, [...]
As we know, the holidays are a time for family and friends, when people travel far and wide to be with loved ones. With all the hustle and bustle of the holiday season, it’s important to plan for the unexpected. If you were injured in an accident and could no longer make decisions for yourself, [...]
This is something I hear almost weekly in my office. Most clients are surprised to hear that the general answer is “the government will not take your money.” Estates will usually pay little-to-no money to the government through taxes unless there are debts owed to governmental agencies such as Medi-Cal. There are two types of [...]
