Contact Us Today 805-719-2246


Honesty, Integrity, Dedication & Diligence

Does ‘Gray Divorce’ Fit Into Estate Planning?

Posted by Kent Keating | May 25, 2022 | 0 Comments

“Gray divorce” — the unfortunately named term for divorce after age 50 — is increasing among baby boomers. According to the Pew Research Center, the divorce rate has more than doubled for people over 50 since the 1990s. The Pandemic is also adding to the uptick, says AARP's recent article entitle...

Does Power of Attorney Perform the Same Way in Every State?

Posted by Kent Keating | May 24, 2022 | 0 Comments

The law sometimes appears to contradict itself. Specifically, the words ‘anything and everything' do not always legally mean ‘anything and everything'. A power of attorney is an estate planning legal document signed by a person, referred to as the “principal,” who grants all or part of their deci...

Should I Have a Pour-Over Will?

Posted by Kent Keating | May 20, 2022 | 0 Comments

What is a pour-over will? A pour-over will is a type of will that's created in conjunction with a trust. It can help facilitate the transfer of assets, if a trust's grantor (the person establishing the trust) has failed to transfer all intended assets into the trust. A pour-over will can be an im...

Can You Inherit a House With a Mortgage?

Posted by Kent Keating | May 17, 2022 | 0 Comments

Dealing with the loss of a loved one is never easy. When inheritances, homes, estates and mortgages are involved, tensions can run high within a family. It is easy to get lost in the paperwork and terms. Inheriting a home with a mortgage adds another layer of complexity to settling the estate, as...

My Children Really Don’t Want My Stuff?

Posted by Kent Keating | May 13, 2022 | 0 Comments

Your grown children will not agree to be the recipients of your downsizing, if it means their upsizing. Next Avenue's recent article entitled “Your Top 10 Objects Your Kids Don't Want” gives us a list of these items and what to do with them in your Estate Planning. Books. Unless your grown childr...

How Do I Contest a Will?

Posted by Kent Keating | May 12, 2022 | 0 Comments

Being disinherited or left out of a will is the last thing you want to discover in the wake of losing a loved one. Although it can be very hurtful to not be included, the fact that a person is disinherited does not necessarily indicate foul play. If you think something improper or illegal was don...

What Assets Are Not Considered Part of an Estate?

Posted by Kent Keating | May 10, 2022 | 0 Comments

In presentations regarding essential actions individuals should take regarding inheritance, emphasis is usually placed on drafting a will. This leaves unanswered what happens to assets that do not pass by will —so-called non-probate assets. In many families, more assets pass outside the Last Will...

What Is Federal Estate Tax Exemption, and Does It Matter?

Posted by Kent Keating | May 09, 2022 | 0 Comments

The federal estate tax exemption and gift exemption is presently $12.06 million. A married couple can transfer $24.12 million to their children or loved ones free of tax with proper planning. The exemption is tied to inflation, so it will continue to rise. Why should most of us be worried about c...

How to Get Started on an Estate Plan

Posted by Kent Keating | May 05, 2022 | 0 Comments

The Covid-19 pandemic has increased Americans' awareness of the need to have a will, living trust or other similar end-of-life document prepared. CNBC's recent article entitled “67% of Americans have no estate plan, survey finds. Here's how to get started on one” reports that just a third of Amer...

When Are You Required to File a Gift Tax Return?

Posted by Kent Keating | May 03, 2022 | 0 Comments

The IRS wants to know how much you're gifting over the course of your lifetime. This is because while gifts may be based on generosity, they are also a strategy for avoiding taxes, including estate taxes, reports The Street in a recent article “Do I Need to File a Gift Tax Return?” Knowing whethe...

What Do I Need to Know About Long-Term Care Insurance?

Posted by Kent Keating | May 02, 2022 | 0 Comments

Long-term care insurance covers expensive nursing care needs. However, is it a good investment? Here's what experts say about what you should take into account. Long-term care insurance covers nursing homes, assisted living, and home health care expenses, explains WCAX 3's recent article entitled...

Should You Have a Grat?

Posted by Kent Keating | Apr 29, 2022 | 0 Comments

It took a lot of hard work and dedication to acquire your wealth. You want to transfer as much of it as you can to your beneficiaries. As a result, having a large estate means you'll have to pay quite a bit in gift and estate taxes. Estate planning includes using various methods to reduce gift an...

Will Eating More Fish Improve Senior Health

Posted by Kent Keating | Apr 28, 2022 | 0 Comments

A study finds that the right diet may lower your risk of cognitive decline and brain disease later in life. Older people who hope to keep their brains in good health should eat more fish, according to a recent Senior Health study. Money Talks News' recent article entitled “Eat This Every Week If ...

When Should I Think About Business Succession?

Posted by Kent Keating | Apr 27, 2022 | 0 Comments

A common and often costly mistake when it comes to business succession planning is not starting the process early enough. The pandemic has made many business owners rethink their business succession and retirement planning. Insurance News Net's recent article entitled “Succession Planning For Bus...

Does an Elder Orphan Need an Estate Plan?

Posted by Kent Keating | Apr 26, 2022 | 0 Comments

This is big concern for millions of older Americans who don't have a spouse, children or other family they can depend on to watch out for their well-being. Estate planning for the future is even more important for elder orphans than for those with a spouse or family members, according to this rec...

What Happens To A Pet When Owner Dies

Posted by Kent Keating | Apr 25, 2022 | 0 Comments

While it's never fun or pleasant to think about what will happen to them if the worst should happen to us, it's very important to consider how we can ensure that they are well cared-for when and if we are no longer able to care for them ourselves. Pet trusts are a legally binding arrangement in w...

What Are the New IRA Distribution Rules?

Posted by Kent Keating | Apr 22, 2022 | 0 Comments

The Internal Revenue Service (IRS) recently issued much anticipated proposed regulations that clarify and revise some of the required minimum distribution (RMD) rules for qualified plans (i.e., 401ks, 403bs, etc.) and individual retirement accounts (IRAs). Many of the proposed distribution rules,...

  • 2 of 10

Contact Us Today

Law Offices of Kent W. Keating is committed to answering your questions about Estate Planning and Business Law issues in Westlake Village, California. We offer consultations and we'll gladly discuss your case with you at your convenience. Contact us today to schedule an appointment.