Blog

April 26, 2023

In 2023, there is no federal estate tax (or “death” tax) unless a person’s assets exceed $12.92 million, which is doubled for a married couple to $25.84 million. The State of California has no estate tax or inheritance tax. The Internal Revenue Service (IRS) also allows $17,000 to be transferred as a gift without taxes annually.

April 7, 2023

Estate planning is a key part of planning for the future. However, many Americans don’t take it seriously. According to a recent study by the Caring website, two out of three Americans still don't have a will. Aside from setting up a typical last will and testament, individuals can set up something called a pour-over will. These types of documents can be effective in helping you and your family achieve peace of mind.

March 27, 2023

Going through a divorce is no easy task. Dealing with the legal ramifications of a separation can become overwhelming. That is why getting the right legal counsel helps people going through a divorce get their affairs in order.

Feb. 8, 2023

The rate of drug abuse among teenagers and young adults across the United States is an extremely alarming public health issue. As a result, many parents are worried about their children battling addiction and what happens after their demise.

Jan. 4, 2023

You did the right thing and created your will. You wanted to make sure you would not die intestate, leaving all the decisions about who benefits from your legacy up to the probate court.

Nov. 9, 2022

If your parent or spouse is in the early stages of cognitive impairment or has been diagnosed with dementia or another progressive disease, you will most likely face a number of tough decisions and serious considerations to make. In this situation, time is of the essence because the progression of dementia can be rapid and unpredictable.

Sept. 22, 2022

Contrary to popular belief, estate planning is not just about writing a will to spell out your wishes for the distribution of assets. Estate planning is also about preparing for sudden and unexpected events that may leave you incapacitated.

Aug. 22, 2022

Estate planning should be part of everyone’s long-term plan, but unfortunately, not enough people know enough about the process. Furthermore, there are many common misconceptions about estate planning that may be confusing to some as they start working with an attorney. For help with making sense of all this, reach out to the Law Office of Geoffrey Fong today. From his offices in Rocklin, California, he’s able to help clients with all their estate planning needs in the Roseville, Folsom, and Citrus Heights areas.

July 8, 2022

Creating an estate plan allows you to make suitable plans in advance about how your assets and investments should be managed, distributed, or disposed of when you pass away.

June 29, 2022

When a person dies in California, the probate court will appoint a personal representative or executor to administer the estate and settle the final affairs of the deceased person. Essentially, executors play a crucial role in ensuring a hassle-free probate and estate administration. However, in order to handle the estate administration diligently and successfully, it is important that you understand your expected duties, rights, and responsibilities.