Estate Plan

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Why “Simple Trusts” Aren’t So Simple!

2020-06-29T22:18:45+00:00

Hi everybody, my name's Miranda Dressler and I'm an attorney with the Law Offices of Bridget Mackay in Petaluma, California. And today I'm going to talk to you a little bit about something that most every client I've ever met with initially says to me when I first sit down with them and that is, "well we're very simple. So, this should be a straightforward process or an easy process." And I think that what most people mean when they say "we're simple" is they're referring to their assets. We just have a house and a retirement account and [...]

Why “Simple Trusts” Aren’t So Simple!2020-06-29T22:18:45+00:00

I’ve Been Appointed Trustee. Now What Do I Do?

2020-06-29T20:44:18+00:00

I’ve Been Appointed Trustee. Now What Do I Do? Hi everybody, Miranda Dressler here. Attorney with the law offices of Bridget Mackay in Petaluma, California. And today I'm going to talk to you about what to do if your parents have told you that they've named you as their trustee in their trust. If your parents have told you as much that they've named you as trustee in their estate plan what do you need to do? What are the steps you need to take? Well, you know, typically you should know how the trust is set up. For [...]

I’ve Been Appointed Trustee. Now What Do I Do?2020-06-29T20:44:18+00:00

Estate Planning – GoT Final Take Away

2020-06-29T22:37:11+00:00

Estate Planning – GoT Final Take Away Hi there, Bridget Mackay here with the Law Offices of Bridget Mackay in Petaluma, California. We focus on estate planning and elder law and this is my final episode to go with the final episode of Game of Thrones around how the Game of Thrones series can inform our estate planning. So, any of you who have not seen the last episode or the last season for that matter. This is a spoiler alert so you may want to watch this video later. What struck me about the last episode among many [...]

Estate Planning – GoT Final Take Away2020-06-29T22:37:11+00:00

DIY Wills – What We Can Learn From Game of Thrones

2020-06-29T22:37:47+00:00

DIY Wills – What We Can Learn From Game of Thrones Hey there everybody, this is Bridget Mackay. I am in Petaluma, California. I'm an attorney and I work in the area of estate planning and elder law. And as the last season of Game of Thrones is progressing through our second episode. Someone brought my attention to this article. We've shared it on our Facebook page, it's from wealthmanagement.com. It's called the 18 Estate Planning Lessons From the Game of Thrones and I thought it was actually pretty good. I want to highlight a couple of those. And [...]

DIY Wills – What We Can Learn From Game of Thrones2020-06-29T22:37:47+00:00

What Happens If You Die Without An Estate Plan?

2020-06-29T22:40:15+00:00

What Happens If You Die Without An Estate Plan? Hi everybody. My name is Miranda Dressler, Associate Attorney of the Law Office of Bridget Mackay in Petaluma, California. And today I'm going to be talking to you briefly about what happens if you die without a written estate plan. So, dying without a written estate plan in California is technically called "dying intestate". And that is just a legal term meaning you've passed away without any written estate plan in place. However, that is a little bit of a misnomer because even if you don't have your own written [...]

What Happens If You Die Without An Estate Plan?2020-06-29T22:40:15+00:00

How Will 2018 Tax Laws Affect Your Estate Plan?

2020-06-29T23:09:57+00:00

How Will 2018 Tax Laws Affect Your Estate Plan? [Trascripton] Hi there, Bridget Mackay with the offices of Bridge Mackay in Petaluma, California. Welcome to my video blog. Today we're going to talk about the new tax law (2018) and how it affects your estate planning. So, one of the big changes in the tax law that affects estate planning is the estate tax exemption amount. So, just for a brief description about what that is. If you pass away and you have a certain amount of assets the IRS will want to tax them if they're over the [...]

How Will 2018 Tax Laws Affect Your Estate Plan?2020-06-29T23:09:57+00:00

Gift Tax And Estate Tax Updates For 2018

2020-06-29T22:45:46+00:00

Gift Tax And Estate Tax Updates For 2018 Like all forms of planning, estate planning presents something of a paradox: If you don’t know what’s coming in the future, how can you create an effective plan now? This paradox is never clearer than when Congress works to reform the estate tax. Although estate planning is about more than the estate tax, the tax is still a pretty important consideration for wealthy Americans. Well, in December, Congress passed the Tax Cuts and Jobs Act. Most of the news coverage of the Act has focused on its impact on the individual and [...]

Gift Tax And Estate Tax Updates For 20182020-06-29T22:45:46+00:00

Now’s The Time To Talk To Your Parents About Estate Planning

2020-06-29T23:10:41+00:00

Now’s The Time To Talk To Your Parents About Estate Planning With the holidays coming up right around the corner, now is the time to talk to you parents about an estate plan if they don't already have one. [Transcription] Hi there, Bridget Mackay here. I'm an attorney in Petaluma, California working in estate planning and elder law. And today I want to talk about, as the holidays are coming up. Talking to your aging parents about setting up an estate plan. Did you know that according to AARP that 60% of people do not have a plan in [...]

Now’s The Time To Talk To Your Parents About Estate Planning2020-06-29T23:10:41+00:00

Make Sure You Have These 4 Key California Estate Planning Documents

2020-06-29T22:47:13+00:00

Make Sure You Have These 4 Key California Estate Planning Documents Many people mistakenly believe that estate planning just means getting a Will, but it’s actually much more than that. Of course, there’s the actual “planning” part of estate planning—pulling together all the details about your circumstances and creating a customized plan. But there are also other key documents that you need to ensure your estate plan functions without a hitch. This post summarizes four of the most important components of any California estate plan. Will When most people think of estate planning, they immediately think of a Will. A [...]

Make Sure You Have These 4 Key California Estate Planning Documents2020-06-29T22:47:13+00:00

Premarital & Marital Agreements as Estate Planning Tools

2020-05-05T22:55:00+00:00

Premarital & Marital Agreements as Estate Planning Tools In California, married couples must always be mindful of the state’s community property system when drafting an estate plan. Whether property is classified as separate property or community property affects what happens to that property when one spouse dies. Failing to account for the distinction between separate and community property can result in costly unexpected consequences. But spouses in California aren’t powerless when it comes to defining separate and community property. In fact, the community property rules in California are more like default rules than immutable dictates from the state. By using [...]

Premarital & Marital Agreements as Estate Planning Tools2020-05-05T22:55:00+00:00