Life doesn’t stay the same, and neither should your Will and Trust.

Legal Document Review & Updates

When was the last time you had your Will or Trust reviewed?

Too often people create an estate plan, shove it in a drawer or safe deposit box, and never look at it again. This is a problem, because an outdated estate plan can be worse than having no estate plan at all! Reviews of your estate plan need to happen every two to five years to verify that the plan still supports your current needs and goals.

Situations that could require changes to your Will or Trust include:

  • Relocation of primary residence
  • Having a trust that requires you to split your trust at the first settlor’s death
  • Death or divorce in the family
  • Receipt of an inheritance
  • Change in what you want your beneficiaries to receive or how and when they will receive their requests
  • Change in bequests to someone
  • Acquired assets that need to be added to the trust

Don’t leave your loved ones to fight through the unintended consequences of an outdated estate plan. The law office of Yee Law Group, PC will happily review your existing documents to align with your current circumstances and future goals.

Compassionate listeners. Experienced advisors.

Address: Yee Law Group, PC, PC
950 Reserve Drive, Ste. 110, Roseville, CA 95678
Call: (916) 599-7297
Fax: (916) 471-0160
Email: alexis@mylawyersllp.com
Call today to set up your appointment for a discounted price of $50.00 Click here to download this post as a PDF.

Why You Need to Start Medi-Cal Planning Today

As we tend to live longer lives than past generations, more and more of us will wind up needing long-term care or moving into a nursing home or assisted living facility at some point. Among the many challenges facing seniors and their families when that time comes is the fact that such comprehensive care can easily cost between $4,000-$6,000 a month. Continue reading “Why You Need to Start Medi-Cal Planning Today”

Consider These Provisions Before Leasing Commercial Space

Even though more and more retail business is conducted online, and notwithstanding the fact that many other enterprises can be run from the comfort of any home with a reliable and fast Internet connection, brick and mortar offices and stores won’t be disappearing any time soon. As discussed in this recent article, local experts are expecting continued growth in the Sacramento commercial real estate market. Continue reading “Consider These Provisions Before Leasing Commercial Space”

Offers in Compromise: Settling Up With the IRS

An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer’s tax liabilities for less than the full amount owed. Absent special circumstances, an offer will not be accepted if the IRS believes that the liability can be paid in full as a lump sum or through a payment agreement. Continue reading “Offers in Compromise: Settling Up With the IRS”

California Nursing Home Admission Agreements: What You Need to Know

For families and seniors, the process of moving into a nursing home or assisted living facility can be taxing and emotional. During this time, many practical considerations must be addressed, including ensuring that all concerned have a full understanding of the rights and responsibilities that come with admission into the facility. These terms will generally be contained in an admission agreement that will be executed prior to the date that the senior moves in. Continue reading “California Nursing Home Admission Agreements: What You Need to Know”

Income in Respect of a Decedent: A “Stealth Tax” You Need to Understand

Even within the context of a tax code filled with a seemingly endless and unnecessarily complicated supply of liabilities, exemptions, and loopholes, some taxes are particularly insidious in their ability to surprise an unwary taxpayer. One such “stealth tax,” as I refer to taxes that are particularly difficult to identify or isolate, is called Income in Respect of a Decedent (IRD).  Continue reading “Income in Respect of a Decedent: A “Stealth Tax” You Need to Understand”

Four-Year Time Limit for Construction Defect Claims Under Right to Repair Act Doesn’t Apply to Actual Damage Claims

Developers who count on California’s “Builder’s Right to Repair Act,” commonly known as “SB 800,” to close the door on construction defect claims four years after closing or completion of a project should be aware that in many respects they are sadly mistaken. A California Court of Appeals decision last year makes clear that SB 800’s four-year statute of limitations only applies when the alleged defect has not caused actual damage; claims based on actual damages are not governed by the time limits set forth in that act. Continue reading “Four-Year Time Limit for Construction Defect Claims Under Right to Repair Act Doesn’t Apply to Actual Damage Claims”

Recent Decision May Mean California Employers Are on the Hook for Some Employees’ Personal Cell-Phone Charges

California Labor Code Section 2802 provides that an employer “shall indemnify his or her employee for all necessary expenditures or losses incurred by the employee in direct consequence of the discharge of his or her duties, or of his or her obedience to the directions of the employer[.]” If a recent appellate court decision stands, this obligation now includes reimbursing employees for a “reasonable percentage” of their personal cell phone bills for their work-related usage.

Continue reading “Recent Decision May Mean California Employers Are on the Hook for Some Employees’ Personal Cell-Phone Charges”