August 9, 2017

Mr. Roddick was honored for District 8 by the San Francisco Board of Supervisors during Small Business Week!

Supervisor Sheehy’s Speech at the Award Ceremony:

"As part of Small Business Week, I am proud to recognize our District 8 honoree, Bob Roddick from Noe Valley. Bo...

August 8, 2017

  Individual Retirement Accounts (IRAs) need to be handled in a very special manner. Because these accounts usually pass to a designated beneficiary other than to the decedent's estate, they are not subject to probate. However, if the named beneficiary is the decedent'...

August 8, 2017

  Yes, along with the consideration of an Estate/Trust Package, it is necessary to evaluate each asset to make sure the appropriate beneficiary has been selected to receive it. This can only be done with proper estate planning. For example, if the family home is distri...

August 8, 2017

  Nothing. In fact, it is a wonderful experience. However, when one gives a value in excess of the Annual Gift Exclusion per donee, the amount in excess is deducted from the unified credit and reduces the Life Time Estate Tax Exemption. Furthermore, the gift carries th...

August 8, 2017

  Not necessarily. In the State of California because of Proposition 13, and in most states governed by a similar proposition, your real estate will not be subject to re-appraisal if it passes to your spouse, parents, children and even grandchildren. They in turn may p...

August 8, 2017

  Yes, the Trust and Will each have different purposes. Both provide for distribution; however, only a will can appoint an executor and designate a guardian for your children. Even if one has a Trust, a Last Will and Testament is needed to 'pour over' or catch any asse...

August 8, 2017

  No, if a couple waits until after the first spouse's death, the first spouse's unified credit will not be available to shelter that amount when the surviving spouse dies. Failure to take full advantage of one's Life Time Estate Tax Exemption while both spouses are li...

August 8, 2017

  No, generally the marital deduction applies to every surviving spouse and was legislated to protect the surviving spouse from Estate Taxes. However, if the surviving spouse is not a US citizen, then there is no marital deduction unless a Qualified Domestic Trust has...

August 8, 2017

  Yes, all of your assets are subject to federal estate taxes, whether they pass to a joint tenant or to a named beneficiary in a trust. Even the proceeds of the life insurance policy you own on your life, that will pass to the beneficiary outside of the probate proces...

August 8, 2017

  Yes, a single person ought to be just as concerned about estate planning as a married couple. Even though there is no sense of obligation to support a surviving spouse, the state intestacy statutes provide for distribution to one's relatives, and the benefit of shelt...

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Noe Valley Law Offices

1330 Castro Street San Francisco, CA 94114 (Directions)

(415) 641-8687

noevalleylaw@sbcglobal.net

Office Hours:
Monday - Thursday, 9am to 5pm
Friday, 9am - 12pm by Appointment