Hordin's Income Tax Service
(650) 949-5060
 
 
Meeting Picture
``In this world, nothing is certain but Death and Taxes.''
-- Benjamin Franklin
(1706-1790)
Estate Planning

Estate planning is the careful, conscientious preparation of assets in order to minimize expense, taxes and preserve your family's wealth when passing it from one generation to the next.

While a will is the most commonly used legal instrument for the distribution of the tangible assets, there are several other avenues available, depending on your needs and wishes. Living trusts (revocable and irrevocable trusts as well as charitable) are often used to minimize expense due to inheritance taxes, probate court and legal fees.

Wills: Before property can be dispensed pursuant to the terms of a will, the will must be submitted to a probate court having jurisdiction of the estate of the deceased. This is often a lengthy and expensive process, although one which appears to be the easiest option available.

Trusts: Trusts are an effective way of avoiding the expense and hassle of probate. A living trust, for example, avoids probate entirely. When you establish a Living Trust, you can transfer your property into the Trust, then name yourself (and your spouse, if married) as the Trustee. The trustees retain complete control over the assets, just as you did before assets were placed in the trust. (You can even discontinue the Trust at a later point if you like.) As a result, probate costs are avoided, your chosen estate tax strategies can be applied and you keep maximum flexibility in your options -- all of this leads to improved asset protection.

Let us help you gather and maintain critical legal and financial records, tax forms and financial disclosure statements.

Let Hordin's Income Tax Service help you develop and maintain a sound financial plan to protect your family's assets, avoid probate court and associated expenses. There are several ways to arrange your affairs to manage the seamless transition of your property -- each option has unique advantages and disadvantages, we can help you find the right solution.

Estate Planning Services
  • Asset Protection
  • Tax Compliance Services
  • Trust & Estate Administration Expertise
  • Estate Planning Research and Advice
  • Financial Planning
Website design and development by DCRE Labs, LLC -- Copyright 2006-2019