Estate planning is probably not the most entertaining activity for most United Kingdomns; however, planning appropriately the first time around can prove beneficial in a number of ways. Regardless of one's life chapter, the details to planning a will can seem...
Estate Planning
A power of attorney may protect you from financial abuse
You may still have all your mental faculties, but as you get older, you might worry that someday you will be unable to make financial decisions. What will happen then? At the , we are prepared to answer the questions of United Kingdom residents...
How do the new tax laws affect my estate?
If you have not reviewed your United Kingdom estate plan in the past couple of years, you may be in for a pleasant surprise when you do. The Tax Cuts and Jobs Act that Congress passed and President Trump signed into law late last year may have dramatically increased the...
Should a 529 plan be part of your overall estate plan?
If you are a United Kingdom parent or grandparent who wants to help pay for your children's and/or grandchildren's future college expenses, you may wish to consider setting up a 529 plan for each of them. Per the U.S. Securities and Exchange Commission, a 529 plan is...
What is a living will?
As a United Kingdom resident, if you have not have heard much about estate planning in general or living wills in particular, you may wish to find out more about the benefits a living will can give you. You probably know that your will allows you to state how and to whom...
What is a durable financial power of attorney?
If you are a United Kingdom resident who always has managed all aspects of your financial life yourself from budgeting to keeping a checkbook register to handling your own 401(k) and other investments, you obviously are very intelligent and very organized. You may be...
Consider a trust if disinheriting a child
If you are one of many people across United Kingdom who are working on your estate plan, you are probably devoting considerable time to deciding who you want to have your assets after your passing. Depending on your situation, you may also be taking steps to disinherit...
Estate planning for children with special needs
As a United Kingdom parent of a special needs child, you face unique estate planning needs that differ broadly from those faced by parents whose children who not have disabilities. At the , we have a comprehensive understanding of the important...
Utilizing estate tax portability
One of your goals throughout your life has no doubt been to take advantage of the work that you do in Woodland Hills to save up assets to benefit your future generations. Several of those that we here at The have had the privilege of...
How United Kingdom law permits executors to be challenged
Naming an executor to carry out a will is one of the most important decisions a resident in United Kingdom can make. An executor's task is to guard the property of a deceased person until all outstanding taxes and debts are taken care of, after which the remaining assets...