As you accumulate wealth during the course of your lifetime the need for preserving it becomes that much greater. Let’s face it, no one wants to give away half of what they earned over a lifetime. Not when the solution is simply proper advanced estate planning. We have assisted numerous clients in achieving their goal of maximum wealth distribution and we can do it for you too.
An irrevocable trust is a great way for many families to remove assets from the taxable estate while passing them to family members upon passing. Because an irrevocable transfer of the assets is made in the trust it allows the assets to not be included in the taxable amount of the estate. This is particularly effective with life insurance policies, which are included in one’s taxable. By placing life insurance into an irrevocable life insurance trust, or “ILIT”, you can see to it that your loved ones receive all of your policy. Irrevocable trusts are also very helpful when it comes to Medi-Cal planning and asset preservation. We would be happy to assist you in the creation and implementation of your irrevocable trust.
Whether you are looking for a corporation, an LLC, or any other type of entity, we can help you. These formations can be helpful for a number of reasons. If you are starting a business you will certainly want to consider protecting from liability by forming an entity. If you own property the same can be said. We can help you decide what is right for you and set it all up. We do the heavy lifting so you can focus on your business.
Deed Transfer and Assessor Disputes
People often tend to forget how costly an improperly planned property transfer can be on your estate. At Sheinberg Law Firm we love helping our clients transfer property and do so with the least amount of hassle. One form such as a parent to child exclusion can save thousands of dollars. Knowing the ins and outs of the recorder/assessor’s office is invaluable when transferring property. We can help you avoid issues such as re-assessment if the situation is right and the transfer is properly planned. We can also help with assessor disputes if a re-assessment has already occurred. Often times it is not too late to appeal a ruling that is not favorable to you. We have fought and won multiple assessor appeals and we can do the same for you.