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Estate and Gift Tax Update for 2021 - Werner Law Firm

Estate and Gift Tax Update for 2021

POSTED ON: January 4, 2021 BY: Troy Werner
Since the Tax Cuts and Jobs Act of 2017, the federal estate tax exemption limit has doubled from $5 million per individual to $10 million per individual (indexed for inflation). This means that the estate and gift tax exemption limit in 2021 will be $11.7 million in 2021, up from $11.58 million in 2020. This […]
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Using a Family LLC for Estate Planning - Werner Law Firm

Using a Family LLC for Estate Planning

POSTED ON: December 29, 2020 BY: Troy Werner
The estate planning process aims to simplify the transfer of assets and properties between generations while minimizing costs and streamlining wherever possible. By default, dying intestate (without a will or any other estate planning documents) means that anything you own will automatically be distributed as per state law. This may not be in your best […]
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What Are Annuities, How Do They Work? - Werner Law Firm

What Are Annuities, How Do They Work?

POSTED ON: December 22, 2020 BY: Troy Werner
Annuities are highly flexible financial instruments designed to turn an initial lump sum or series of installment payments into a larger nest egg for the future through investment. These payments are made to a financial institution, which then uses them to manage assets on your behalf until the annuity is fully paid out to you. […]
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Understanding California Transmutation Agreements - Werner Law Firm

Understanding California Transmutation Agreements

POSTED ON: December 14, 2020 BY: Troy Werner
California transmutation agreements enable married couples to "transmute" community property into separate property, and vice versa. A transmutation agreement can also be used to transfer property between spouses. There are pros and cons to utilizing a transmutation agreement. They are usually used as a tool for postnuptial property distribution, tax purposes, establishing ownership over certain […]
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What Is a Heggstad Petition in California Probate? - Werner Law Firm

What Is a Heggstad Petition in California Probate?

POSTED ON: December 7, 2020 BY: Troy Werner
Creating and funding a trust is a multistep process. It takes time to complete that process, and a vital part involves transferring assets and property into a trust. When transferring a home into a trust, for example, the home's title must be amended via a deed to reflect that it is currently owned by the […]
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Debt After Death: Can You Inherit Debt? - Werner Law Firm

Debt After Death: Can You Inherit Debt?

POSTED ON: December 2, 2020 BY: Troy Werner
As more and more Americans struggle to save up for retirement and finance their end-of-life care, many surviving children will find themselves worried about the debt their parents leave behind. While debt does not die with its debtor, it also is not typically inherited. Unfortunately, it is going to become more common to die with […]
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Establishing a Special Needs Trust: How, Why and Who - Werner Law Firm

Establishing a Special Needs Trust: How, Why and Who

POSTED ON: November 30, 2020 BY: Troy Werner
Suppose you have a loved one with a disability qualifying for government benefits. In that case, the chances are that you might want to ensure their wellbeing past what the government provides after you pass away. Simply bequeathing property or money to a loved one is not a solution, however. Not only could that impose […]
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Estate Planning for Unmarried Couples - Werner Law Firm

Estate Planning for Unmarried Couples

POSTED ON: November 23, 2020 BY: Troy Werner
An estate plan might not necessarily be at the top of your current priority list, especially if you and your partner are young. But regardless of whether you're in your early 20s or nearing retirement age, unmarried couples should consider putting together a few simple documents to prevent the headaches that accompany available end-of-life care […]
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Guidelines for Individual Executors and Trustees - Werner Law Firm

Guidelines for Individual Executors and Trustees

POSTED ON: November 18, 2020 BY: Troy Werner
Regardless of whether you have been named an executor or a trustee in someone's estate, that title comes with a tremendous amount of responsibility and quite a list of duties and tasks. If you have not been briefed on what this role may entail, then understanding estate planning basics can go a long way towards […]
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Estate Planning With Retirement Benefits - Werner Law Firm

Estate Planning With Retirement Benefits

POSTED ON: November 13, 2020 BY: Troy Werner
An increasing number of Americans are growing the bulk of their wealth through retirement accounts (such as IRAs and 401(k)s), especially as defined benefit pension plans have become increasingly rare. Few people are expecting to survive on Social Security exclusively. With this investment comes to an important question – what will you do with the […]
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Why Our Living Trust Law Firm & Probate Attorneys?

Founded in 1975 by L. Rob Werner and serving California for over 48 years, our dedicated attorneys are available for clients, friends, and family members to receive the legal help they need and deserve. You can trust in our experience and reputation to help navigate you through your unique legal matters.

Whether you need help creating a living trust or navigating probate, our living trust law firm's compassionate team of estate planning lawyers and probate lawyers are here to help you and ready to answer your questions.

Our goal is to make your case as easy as possible for you. Hiring a lawyer can be a daunting task, but it doesn’t have to be. From the moment you contact our firm, through the final resolution of your case, our goal is to make the process easy and understandable. We cannot change the fact that probate is a long and complicated process, but through our Werner Law Firm Difference, we strive to go out of our way to keep you informed of your case through every step of the way. We are constantly refining our processes and procedures for a more streamlined and calm client experience. Our goal is to have you feel like a burden was lifted from your shoulders, and that we made the whole process an easy one

If you're dealing with a legal matter, we urge you to schedule a free initial appointment today and join the many satisfied clients who have contacted Werner Law Firm.

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The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship. See full disclaimer here.
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