Articles
Estate Planning for Millennials
When people find out that I’m an orange county estate planning attorney, most people’s eyes glaze over immediately. At best, they respond with something to the effect of “you work with rich people.” I agree, there is nothing sexy about estate planning. However, estate planning is not just for old rich people. In fact,… Read More »
Changes to Estate Planning in 2016: What Orange County Residents Need to Know
2016 Estate Tax Rates What are the changes to estate planning in 2016? The American Taxpayer Relief Act of 2012 (the “Act”) made the following permanent: (1) the reunification of the estate and gift tax regimes, (2) the $5 million estate, gift and generation-skipping transfer (“GST”) tax exemptions, as increased for inflation (as discussed… Read More »
Taiwan Estate Tax and Gift Tax
Taiwan Estate Tax Taiwan estate tax is based on all property transferred at death. Taiwan estate tax covers the following: Property left by the deceased who was a Taiwanese citizen and regularly resided in Taiwan, regardless of whether the location of the property is within or outside Taiwan. Property left by the deceased who… Read More »
Trust or Bust? 8 Biggest Estate Planning Mistakes
8 Biggest Estate Planning Mistakes Not all estate plans are created equal. Here are the 8 biggest estate planning mistakes as identified by a recent article on CNBC.com. I often see these mistakes from clients who attempted to draft their own trust or used a legal preparation company (We The People or LegalZoom.com). However,… Read More »
What Happens to Your Retirement Account (IRA and 401(k)) When You Die?
A question we often get is: What Happens to Your Retirement Account When You Die? For many of you, your IRA or 401(k) plan is the largest asset in your estate, after your home. While many estate plans contemplate the distribution of your home at death, does your estate plan adequately consider the distribution… Read More »
Non-Resident Alien Inheritance and Gift Laws: International Estate Planning for Irvine and OC
Non-Resident Alien Inheritance and Gift Laws Complex estate and gift tax rules apply to your estate planning if you are not a U.S. citizen and you own assets in the United States. Definition of Non-Resident Aliens Irvine and much of Orange County are home to many first generation U.S. citizens with family members that… Read More »
Trust and Estate Litigation: What’s Almost as Certain as Death? Not Talking About Your Children’s Inheritance
The New York Times cover story in the business section last weekend discussed the importance of discussing your children’s inheritance with your children and the potential of trust and estate litigation. It read: What’s Almost as Certain as Death? Not Talking About the Inheritance The article states that while 84% of people surveyed had… Read More »
The New Definition of Undue Influence – Irvine, Orange County
The definition of undue influence as we knew it changed on October 9, 2013, when Governor Jerry Brown signed AB 140, changing the definition of undue influence in Orange County, and all of California as “excessive persuasion that causes another person to act or refrain from acting by overcoming that person’s free will and… Read More »
Super Lawyers Magazine selects Anh Tran as a 2014 Rising Star in Estate Planning and Probate
Super Lawyers is a rating service of outstanding lawyers in estate planning and probate, who have attained a high-degree of peer recognition and professional achievement. The selection process is multi-phased and includes independent research, peer nominations and peer evaluations. Super Lawyers Magazine features the list and profiles of selected attorneys for each area of… Read More »
How Should You Take Title to Your Home? (Part 3 of 3)
Something that is often overlooked when buying your home is how you should take title to your home. For most of you, when you buy a home, your biggest concerns are with the price, the location, the aesthetics, the school district, etc. Once you find the home of your dreams, you’ve qualified for the… Read More »
