Bob Lamm was recently on Money Matters with Dino discussing how to “Avoid A Tax Disaster” on AM 1150. The show airs on Sundays at 7:00 am but the YouTube…
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Robert Lamm For most, the primary focus of their estate plan is the avoidance of probate and the prevention of family discord. The estate tax exemption increased this year to...
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Turn out the lightsThe party’s overThey say thatAll good things must end Call it a nightThe party’s overAnd tomorrow startsThe same old thing again —Willie Nelson from “The Party’s Over”…
Asset Protection Nearly all of my clients are interested in “asset protection” in some form or the other. In particular, they are concerned about protecting their home from creditors. Currently, the homestead exemption in California is…
At the end of the day, a key goal of any estate plan is to make sure that the client’s estate is distributed to the persons that they intended. Most of the time, those persons are their children and their grandchildren. However, in the absence of an irrevocable credit shelter trust that is established at the death of one spouse, the survivor would be able to amend the entire trust and, at their death, leave it to anyone. This includes leaving the estate to a new and sometimes significantly younger spouse!
