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The Roth IRA vs the Traditional IRA- Which One Is Right For You? | Santa Barbara Estate Planning & Elder Law

Posted by Julianna Malis | Oct 08, 2021 | 0 Comments

Deciding whether to choose a Roth IRA or a Traditional IRA is an important decision and can have major financial consequences. Both options, however, are excellent ways to save for retirement. Let’s look as some of the biggest differences between the two. You can always contact us so that we can refer you to a financial planner for these decisions. Give us a call at (805)946-1550 if you would like some advice.

If Your Children Have Turned 18, They Need Their Own Legal Documents | Santa Barbara Estate Planning and Elder Law

Posted by Julianna Malis | Sep 23, 2021 | 0 Comments

When your children turn 18 they are legal adults. They might not act like adults all of the time, and you may still be supporting them financially, but in the eyes of the law they are indeed adults. This means that you can no longer make certain decisions for them, including health care decisions. Furthermore, you can no longer obtain medical information about your adult children without their authorization—even in an emergency.

Should You Be Concerned About Changes to the Step-up in Basis? | SB Estate Planning and Elder Law

Posted by Julianna Malis | Sep 17, 2021 | 0 Comments

Whenever a new president takes office, “discussions” about taxes are sure to follow. During his campaign, President Biden proposed a number of changes to the tax code that would affect wealthy Americans. One proposal, however, could impact people of more modest means: modifications to, or the elimination of, the basis step-up rule. Do you think this will affect you? Be sure to read this summary article, but we can discuss this in a Zoom or in-person consultation. Make an appointment at (805)946-1550.

A Change to the Rules Governing Reverse Mortgages Provides Greater Protection for Non-Borrowing Spouses | SB Estate Planning and Elder Law

Posted by Julianna Malis | Sep 03, 2021 | 0 Comments

A reverse mortgage is a loan that allows homeowners age 62 or older to borrow against the equity in their homes and receive a lump sum, a fixed monthly payment, or a line of credit. Reverse mortgages are often used by seniors to augment their income in retirement. Contact Santa Barbara Estate Pla...

Why Your Estate Plan Must Include More than a Will

Posted by Julianna Malis | Jul 23, 2021 | 0 Comments

A Last Will and Testament is an essential legal document that allows you to accomplish a number of important goals. You can name your beneficiaries and specify the assets you want them to receive; name a guardian for your minor children; and choose the person you want to settle your estate (known...

Estate Planning for Second Marriages

Posted by Julianna Malis | Jul 17, 2021 | 0 Comments

Second marriages can present unique challenges when it comes to estate planning, particularly if you or your new spouse have children from previous marriages. Let's take a look at some of the factors, tools, and strategies to consider when planning for a second marriage. Prenuptial Agreements Y...

Tips for a Successful Family Business Succession

Posted by Julianna Malis | Jul 07, 2021 | 0 Comments

Fewer than one-third of family businesses survive into the second generation, while only 13 percent make it to the third generation. Here are some tips to beat the odds and help your business live on for generations to come. The sooner you start the planning process the smoother the process.

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