ClickCease

Palm Springs Law Blog

Thursday, May 29, 2025

How Estate Taxes Affect Small Business Owners


When a small business owner begins planning how to pass their business and wealth to their loved ones, one consideration they must address is estate taxes. Without careful legal and financial planning, a successful small business owner may see their family wealth reduced by estate taxes. 

Understanding Estate Taxes

Estate taxes are taxes levied upon an estate following an individual’s death. The government calculates estate taxes based on the value of an individual’s estate at the time of their death. The personal representative of the decedent’s estate must file an estate tax return and pay any taxes owed by the estate.
Read more . . .


Thursday, May 29, 2025

The Importance of Updating Beneficiary Designations in California Blended Families


California families come in many forms, and blended families are becoming more common as people remarry and have stepchildren. One unintended consequence of being in a blended family is that it can complicate the estate planning process. It’s crucial to update your beneficiary designations whenever your family situation changes, or else you risk leaving assets to family members who you don’t want to have them. Here are some reasons this is so important in situations involving blended families.

Assets and Accounts with Beneficiary Designations

Updating your beneficiary designations starts with knowing what documents or components of your estate plan you must refresh.
Read more . . .


Thursday, May 29, 2025

What Is a Letter of Intent, and Why Is It Important in Special Needs Planning?


Providing for a child or loved one with special needs can be challenging. If you leave them a large inheritance, it could make them ineligible for government benefits. A Special Needs Trust can solve the problem.
Read more . . .


Thursday, May 29, 2025

Protecting Your Estate from Litigation: Trust Strategies for Palm Springs Residents


You’ve worked hard to accrue assets and build a legacy to leave to your loved ones after your passing. The last thing you want is for your estate to become the subject of legal disputes or undue tax burdens. Fortunately, with the help of an estate planning professional, you can strategically map a future for themselves and their loved ones that protects wealth and reduces the risk of litigation. 

Why Estate Litigation Happens  

There are several reasons why disputes about an estate may occur. The most common include:  

  • Family Conflicts – Disagreements among heirs, particularly in blended families, can escalate into lawsuits.
    Read more . . .


Thursday, May 29, 2025

Probate and Small Estates: Does Your Estate Qualify for Simplified Procedures?


Probate is the legal process for distributing a deceased person’s assets and settling their debts. A court oversees this process to ensure assets go to the right heirs or beneficiaries. Probate can take years and often involves considerable court fees and legal costs.


Simplified probate provides a faster and less expensive option for small estates. California allows certain estates to skip formal probate if the total value of the estate falls below a set amount.
Read more . . .


Wednesday, April 16, 2025

What Is a Letter of Intent, and Why Is It Important in Special Needs Planning?


What Is a Letter of Intent, and Why Is It Important in Special Needs Planning?

Providing for a child or loved one with special needs can be challenging. If you leave them a large inheritance, it could make them ineligible for government benefits. A Special Needs Trust can solve the problem.


Read more . . .


Tuesday, April 15, 2025

How to Ensure a Fair Distribution of Assets in a Blended Family


How to Ensure a Fair Distribution of Assets in a Blended Family

Estate planning is essential for all families. However, when you have a blended family, estate planning is vital to provide a fair distribution of assets. Blended families may include step-parents, step-siblings, half-siblings, former spouses, and other relatives. Creating a fair estate plan that respects your wishes while satisfying everyone’s desire to inherit assets can be difficult. In this blog,


Read more . . .


Thursday, February 27, 2025

How Palm Springs Real Estate Ownership Affects Your Estate Plan


All property you own when you die becomes part of your estate plan unless it is held by a trust, has a beneficiary, or is otherwise exempt from the estate. If real estate is titled in your name, it is part of your estate. Therefore, you need to ensure you make provisions for passing the real estate to your heirs. In this blog, Read more . . .


Thursday, February 27, 2025

How Trusts Can Help Avoid Probate in California


When you die, all property titled in your name or that you have an interest in becomes part of your probate estate. TheRead more . . .


Thursday, February 6, 2025

Common Challenges and Disputes in California Probate and How to Resolve Them


The probate process in California involves managing a deceased individual's estate. This includes settling debts and obligations and distributing assets to the beneficiaries listed. Some common challenges and disputes can arise during the probate process, including contested wills and disputes over the value of assets.
Read more . . .


← Newer12 3 4 5 6 7 8 9 10 11 12 13 14 15 Older →

Archived Posts

2025
2024
December
November
October
September
August
July
June
May
March
February
January
2023
2022
2021
2020
2019
2018
2017
2016
2015


Riverside CA Estate Planning Bankruptcy



© 2025 Heritage Legal, PC | Disclaimer
777 Tahquitz Canyon Way, Suite 328, Palm Springs, CA 92262
| Phone: 760-325-2020

Estate Planning | Living Trusts | Probate / Estate Administration | Living Wills | Trusts for Minors | Estate Tax Planning | Estate Planning for Homeowners | Durable Power of Attorney | Intestate Succession Laws | Spendthrift Trusts | Naming a Guardian for Your Child | Family Law | Blended Families | Challenges with Assigning Beneficiaries | Trusts and IRA Stretch Accounts (to Minimize Tax Liability) | Palm Springs High-Risk Jobs and Estate Planning Lawyer | How Do I Get Power of Attorney for a Parent with Dementia? | Estate Planning for Solo Agers | Fiduciary Services | Divorce | Pre-Marital and Post-Marital Agreements | Palm Springs LGBTQ Attorney | Estate Planning for Small Business Owners | | LGBTQ | Testimonials | Upload | Locations | Articles

-
-


©  Heritage Legal, P.C.| Privacy Policy | Disclaimer | Terms of Service | Attorney Website Design by Omnizant

©  Heritage Legal, P.C.| Privacy Policy | Disclaimer | Terms of Service | Attorney Website Design by Omnizant