Probate Expectations Either your spouse or your last remaining parent dies. It is a very tough time, you have to deal with funeral arrangements, death certificates, family members and all the property that has been left behind. If the person had a will, the will need to be logged with court and a probate proceeding will need to begin. If the person had no will but owned real … [Read more...] about What Can You Expect With The Death of A Spouse or Parent
What is the End of Life Option Act? Governor Jerry Brown introduced legislature through a special meeting of the California Congress to enact the end of life option act. The Act going into effect June 9, 2016, will allow a person that has been diagnosed with a terminal illness with six months to live to end their life. The patient must also have two doctors agree that the … [Read more...] about New California Law to go in effect June 9th 2016
What do I do when my spouse dies in Sonoma County California? If your spouse did not leave a will or trust and you own real property and bank accounts are in the deceased spouse’s name – Start Here. You will have to open a probate proceeding with the Sonoma County Superior Court. A detailed process can be obtained here from our site. Once letters and a probate order have … [Read more...] about What Do I Do If My Spouse Dies in Sonoma County California?
WHAT IT IS AND WHAT IT WILL BE – IRS / CLINTON – TRUMP PROPOSALS The IRS has released Rev. Proc. 2016-55 announcing the exemptions and various tax adjustments for 2017. The annual gift exclusion remains at $14,000. The unified gift/estate exemption is adjusted to $5,490,000. Annual exemption for gifts to a noncitizen spouse is $149,000 The tax on … [Read more...] about WHAT IT IS AND WHAT IT WILL BE – IRS / CLINTON – TRUMP PROPOSALS SANTA ROSA CA
All it takes is 18 Months for your Retirement Plan to Disappear in Northern California On average, it takes 18 months for a beneficiary to spend the entire amount of an inherited retirement plan. That means that your spouse, child or loved one will spend the entire amount of your IRA or 401K within 18 months of inheriting it from you. It is not their fault; the tax code makes … [Read more...] about All it takes is 18 Months for your Retirement Plan to Disappear in Northern California