At Dahl Law Group, our experienced team of attorneys works closely with Northern and Southern California business owners and their families to ensure they're empowered to make sound financial decisions. A key element of this is proper estate and succession planning. Exploring all available options to avoid unnecessary tax liabilities while protecting your legacy and all that you've worked for is crucial for Read More
When You May Need to Designate Your Trust as the Beneficiary of a Retirement Account
On the blog last month, we broke down why it’s important to be careful designating a trust as the beneficiary of a retirement account. There are numerous financial factors at play that make such a move unfeasible in most circumstances. But, as with most things, there are exceptions to be aware of. At Dahl Law Group, we take great care in equipping our clients in Northern and Southern California with the best possible Read More
Be Careful Designating Your Trust as the Beneficiary of a Retirement Account
Making informed investment and savings decisions is crucial for achieving and maintaining financial security and success late in life and in death. Making the proper choices today in managing your retirement funds not only benefits you during your retirement years but, if handled correctly, can also significantly benefit your heirs as part of your estate plan. We often work with people in California who have made the Read More
Pay It Forward: Understanding Your Options with Charitable Trusts
One of the mainstays of the holiday season is the emphasis on giving. Whether it’s the bell ringers for the Salvation Army outside the grocery store, or nearly every cashier you pass asking if you’d like to round up your purchase to donate to that particular store’s charity, the holidays are the time when giving is most often on our minds and agendas. Although we’re past the holiday season and into the new year, Read More
Retirement Planning and Charitable Remainder Trusts
For all the benefits of the SECURE Act, those wishing to put down non-spouse beneficiaries on IRAs and other retirement plans have had to come up with creative ways to avoid a large tax bill for those beneficiaries. Under the current rules, non-spouse beneficiaries must withdraw the entire amount from the plan within 10 years after the owner’s death or pay taxes (there are a few other exceptions for Read More
What You Should Know Before Agreeing to Serve as Trustee
Being asked by a loved one to serve as trustee for their trust upon their death can be quite an honor, but it’s also a major responsibility—and the role is definitely not for everyone. Indeed, serving as a trustee entails a broad array of duties, and you are both ethically and legally required to properly execute those duties or face potential liability. In the end, your responsibility as a trustee will vary Read More
