Special Needs Trusts

If your family includes a member (or members) that require special needs, there are some very important things you must consider when planning for your future. There is a special kind of trust called a “Special Needs Trust” that we at Vanguard Legal Group have found very helpful.

A special needs trust can do many things, including marking funds for future care. The special needs trust also allows assets to be under the care of an appointed trustee. As importantly, a special ...

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Supreme Court Ruling Could Affect Your IRA

The Wall Street Journal published a story in October titled, “Court Ruling Sparks Rush to Shield IRAs.” The article goes into depth about a June 2014 decision by the courts that ruled an inherited IRA is not considered a retirement account. Their decision hinged on the fact that a beneficiary can withdraw funds from the account at any time without penalty. The result of this decision means that any inherited IRA funds will no longer be protected from creditors if the beneficiary must ...

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The Power of LLCs

There are many uses for a Limited Liability Companies, or LLCs. In California, one of the most common uses for an LLC is to hold rental real estate. If you have at least one rental property, you can benefit from placing that property in an LLC. Doing so can result in all of the following:

Income Tax Savings

LLCs operated by an individual, a married couple, or even a group of individuals can help the owner(s) realize significant income tax savings through ...

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