Hello everyone, I’m Jonathan Alexander, an estate planning attorney at Alexander Legacy Law. Today, I want to discuss the seven most common mistakes people make with living trusts and how to avoid them. Understanding these pitfalls can help ensure your estate plan is both effective and efficient. 1. Not Creating a Living Trust The first…
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When it comes to estate planning, one of the most frequently asked questions is whether or not to discuss your plans with your family. As an experienced estate planning attorney, I believe that open communication can be incredibly beneficial, but it must be done thoughtfully and strategically. Here are some insights and recommendations on how…
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When it comes to estate planning, many people focus on assets like property, investments, and family heirlooms. However, firearms are another important category that requires careful planning to ensure they end up in the right hands. Whether you have a collection of hunting rifles or valuable antique pistols, it’s crucial to consider how these items…
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Imagine the peace of mind knowing that your family’s future is secure, no matter what happens. At Alexander Legacy Law, we understand that estate planning can seem overwhelming, but taking this crucial step can provide immense relief and confidence. Let’s explore the top 10 reasons why every Californian needs an estate plan. 1. Protect Your…
Continue reading ›Charitable giving can be a fulfilling way to support causes you care about while also providing potential tax benefits. Understanding how to maximize these benefits is essential. Let’s dive into some strategies and tips for making tax-deductible contributions. Understanding Tax-Deductible Contributions When making charitable contributions, consider the amount of your income for the year and…
Continue reading ›Inheritance disputes can be a source of significant stress and confusion during an already difficult time. If you find yourself excluded from a will and are unsure of your options, you’re not alone. Let’s break down the basics of inheritance disputes and the possible courses of action. Can You Contest a Will If You’re Excluded?…
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Key Estate Planning Considerations for Newly Married Couples After the excitement of your wedding, it’s easy to bask in the joy of newlywed life. However, one crucial task that shouldn’t be postponed is estate planning. While it may not be the most romantic topic, discussing your financial and legal affairs early ensures that you both…
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Real property often forms the bedrock of many estate plans, requiring careful attention due to its complexity. Unlike distributing cash or family heirlooms, real estate transactions involve mortgages and insurance, making them more intricate. Take it from me, an estate planning attorney: it’s crucial to handle these transactions carefully, especially when transferring property to a…
Continue reading ›When planning for what happens to your Individual Retirement Account (IRA) after your death, it’s crucial to understand how beneficiary designations work. Your IRA does not automatically integrate into your will or trust but instead passes directly to the named beneficiaries. How IRAs are Distributed If no beneficiary is designated, the IRA will distribute according…
Continue reading ›Imagine all the things you own—your car, your savings, maybe even a house. Right now, they belong to you, but have you ever thought about what happens to them if you’re not around anymore? Let’s dive into why setting up a living trust is a smart move. What Happens to Your Things When You’re Not…
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