Ventura and Santa Barbara estate planning lawyer

Pension Benefits Through the US Department of Veterans Affairs

Wartime veterans of the armed forces have access to numerous benefits through the U.S. Department of Veterans Affairs (VA) upon returning home from their service. Among those benefits, one of the least-known is the “Aid and Attendance” pension available to both the veteran and his or her spouse.   Which veterans qualify for Aid and Attendance? A veteran, or the …

Ventura and Santa Barbara estate planning lawyer

How to Use an AB Trust to Minimize Estate Tax Obligations

For married couples who own a substantial amount of wealth, the federal estate tax threshold is double the limit applied to individuals. In other words, these couples can pass on up to $10.98 million before the estate tax kicks in. However, couples whose wealth exceeds that limit will need to work with an estate planning attorney to develop what’s known …

Ventura and Santa Barbara estate planning lawyer

‘Springing’ Powers of Attorney Present Some Legal Complications

Springing power of attorney is a specific form of power of attorney that has its powers “spring” into effect as soon as an individual becomes incapacitated. Many people favor this form of power of attorney because they do not want to have their arrangement take effect while they are still fully capable of managing their own affairs. However, after discussing …

Ventura and Santa Barbara estate planning lawyer

A Guide to Veterans Pension Benefits and How to Qualify

VA Pension Benefits Knowing What is Available, How to Qualify and Who to Trust with Assistance The VA Improved Pension provides financial assistance to qualified veterans and their spouses. The pension is a benefit that veterans earn due to their service to our country, but few have ever heard about it. We hope to change that and assist veterans and …

Ventura and Santa Barbara estate planning lawyer

How an Irrevocable Trust Can Play an Invaluable Role in Your Estate Plan

If you have concerns about distributing your assets and property to your loved ones per your exact wishes while minimizing your tax obligations, an irrevocable trust is a highly effective tool to do just that. With an irrevocable trust, you would place a certain amount of your assets in the trust. Once you do that, you no longer technically own …

Ventura and Santa Barbara estate planning lawyer

Estate Planning Strategies to Help You Preserve More Wealth for Your Loved Ones

Most people never have to worry about paying estate taxes. Only estates valued at $5.49 million or more ($10.98 million or more for couples) are subject to the federal estate tax. However, even if your estate falls below that threshold, there are still numerous reasons why you may benefit from cohesive estate planning. It allows you to pass on your …