Should a Guardian and Trustee Be the Same Person? If you have overheard any discussion about an estate planning attorney, you have likely heard the words “guardian” or “trustee” tossed around in the conversation. Should Your Child’s Guardian and Trustee Be the Same Person? When it comes to estate planning, who will be ultimately in…
Selecting Your Successor Trustee Your successor trustee plays an essential role in the effective execution of your estate plan. If you have a revocable living trust, you probably named yourself as a trustee, so you can continue to manage your financial affairs. Still, eventually, someone will need to step in for you when you can…
Corona Estate Planning Attorney Joseph Hudack Says That One Call You Must Make After You Buy a Home That You’ve Probably Forgotten. During the home buying process, you worked with a lot of individuals: your realtor, the seller’s realtor, the title company, the loan officer, and the home inspector. Now that you have finalized the…
Why Estate Planning Isn’t Just for the Top One Percent Corona Estate Planning Attorney Joseph Hudack says that there is a common misconception that estate plans are only for the ultra-rich – the top 1%, 10%, 20%, or some other artificial threshold of “enough” wealth, according to estate planning attorney Joseph Hudack, are frequently mistaken…
Corona Estate Planning Attorney Joseph Hudack says that the new tax legislation raises the federal estate tax exemption to $11.2 million for individuals and $22.4 million for couples. The increase means that an exceedingly small number of estates (only about 1,800, nationally) will have to worry about federal estate taxes in 2018, according to estimates…
Leave Assets to Adult Children Corona Estate Planning Attorney Joseph Hudack knows that when considering how to leave assets to adult children, the first step is to decide how much each one should receive. Most parents want to treat their children fairly, but this doesn’t necessarily mean they should receive equal shares of their estate.…
Fix 5 Common Estate Planning Problems Corona Estate Planning Attorney Joseph Hudack knows the Common Estate Planning Problems – Not surprisingly, most people loathe reviewing their estate plan because it can be both confusing and daunting. Others do not want to think about death and avoid the topic altogether. If you already have put an…
Leave Assets to Minor Children Corona Estate Planning Attorney Joseph Hudack knows that most parents want to make sure their children are provided for in the event something happens to them while the children are still minors. Grandparents, aunts, uncles, and good friends sometimes want to leave gifts to beloved young children too. Unfortunately, good…
The One Task That Each New Grandparent Must Complete The newest member of your family is warmly welcomed by Corona estate planning attorney Joseph Hudack. Being a new grandparent is one of the happiest times in life and alters everything, even how you handle your finances. The anticipation of a new baby, along with all…
Executor’s Duties Corona Estate Planning Attorney Joseph Hudack knows that an executor, sometimes called a personal representative, is the person who is named in a will, appointed by the court, and responsible for probating the will and settling the estate. Depending on the state, an executor may work under court supervision or may use so-called…