estate planning Archives - Blau Company Accounting & Tax Preparation

Is Your Will Up To Date?

When was the last time you reviewed your will? People generally make wills to guarantee the proper disposition of their money and property, which is why it’s a good idea to consult your CPA when it’s time to create or update your will. We recommend that you revisit your will every time you experience a major life event, such as marriage, the birth of a child, retirement or other significant milestones. Even if there is no meaningful change in your life, it’s smart to review the document every couple of years to ensure it still addresses all your estate concerns and [...]

Aaron Blau, EA, CPA2016-10-27T16:54:57-07:00February 20th, 2015|General Consulting|Comments Off

The Power of the Beneficiary Deed

Recently I took questions from two different clients concerning end-of-life planning, and specifically how it relates to the transfer of Real Estate. In the first case, a taxpayer's parent was on their deathbed, and they were contemplating preparing a quit-claim deed to transfer property into the name of the taxpayer in contemplation of death in order to avoid probate. In the second case, the taxpayer's parent had a proper trust which was being used to divide the parent's property amongst children from different families. The parent, however, wanted their home to go directly, and in an undivided fashion, to the [...]