San Francisco Bay Area Estate Planning Resource Center

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Tierney, Watson & Healy Newsletter

For your convenience we have archived our monthly estate planning newsletter.

• Lifetime Gifting: Part of Your Multi-Generation Estate Planning (March 10)
  Would you prefer to transfer more wealth to your family instead of the IRS? Our lead article summarizes the relevant lifetime gifting rules and considers two common do-it-yourself transfer methods.
• Five Common Estate Planning Mistakes (February 10)
  Proper estate planning is not just for the rich and famous. Surprisingly, however, that is a common misconception. Every adult American has an estate worth planning, regardless of their net worth. In this article we review some critical estate planning concerns.
• Estate Planning Challenges for Business Owners (January 10)
  The survival rate of family businesses from generation to generation is rather dismal. To help prevent your business from becoming an unfortunate statistic tomorrow, we review some common challenges for you to address today (before it is too late).
• Procrastination & Estate Planning (December 09)
  Why doesn’t everyone have their final affairs in order, especially in light of the likelihood of incapacity and the certainty of death? This article takes aim at the chief culprit: procrastination.
• Seasonal Solutions: The Stages of Life & Estate Planning
  (November 09 - Printable Version)
  To everything there is a season. So it is with your Life & Estate Plan. This article uses a Seasons of Life theme to illustrate how your Life & Estate Plan may change with your personal and financial circumstances over your lifetime.
• Admirable Estate Administration (October 09)
  Have you appointed trusted family members, friends or professionals to serve as the fiduciaries of your estate plan upon your death? If so, our lead article is a must-read as we review some of the responsibilities (and liabilities) they will face.
• Estate Planning Challenges for Blended Families (September 09)
  Is your family a blended family? If so, then you face unique inheritance challenges, to include disinheriting your ex-spouse, providing for your new spouse and your own children, and protecting their inheritance.
• Unique Estate & Financial Challenges for Women (August 09)
  Women face unique Life and Estate Planning Issues, and yet too often their own needs are overlooked. They are too busy taking care of everyone else -- their families, their careers, parents, social causes.
• Elder Law Elements (July 09)
  Good news, bad news. The good news: Americans are living longer than ever. The bad news: we eventually wear out physically, mentally, or both. In this article we review two challenges: becoming incapacitated and going broke due to long-term care.
• Estate Planning for Unmarried Couples (June 09)
  Even though cohabitation is legal in the majority of states, unmarried cohabitants face unique estate planning challenges regarding incapacity, inheritance, and estate taxation. In this article we will review such challenges and some of the potential problems they can cause.
• Solo Solutions (May 09)
  Being single can mean considerable personal and economic freedom. Nevertheless, just like your married counterparts, proper Life & Estate Planning is necessary to keep you in control.
• Marital Matters (April 09)
  Most married couples, whether celebrating their six-month or their sixtieth anniversary, have the mistaken belief that they can make personal, health care and financial decisions for one another, without outside interference, should either spouse become disabled. Nothing could be further from the truth.

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• Business Owner Blues
  Being a business owner today is both rewarding and challenging, especially if your business is a family business. For business owners facing the unique challenge of transferring ownership of the family business upon retirement, disability or death, a properly funded Buy-Sell Agreement may be the key to survival.
• Common Estate Blunders
  When you hear the words estate planning, what images come to mind? Do you see beautiful, tanned people with incredible wealth, living in enormous mansions, riding in shiny limousines and boarding private jets? If so, then you are only partially correct. In reality, everyone has an estate worth planning. Some are just more complex than others.
• Estate Planning Challenges for Blended (or Step) Families
  Are you re-married (or planning to re-marry) and attempting to blend families? Unfortunately, too little attention has been paid to the critical Life & Estate Planning challenges of blended families. These challenges include disinheriting your ex-spouse, protecting your own children, providing for your new spouse and minimizing your estate taxes.
• Planning for Minor Children
  It is an unfortunate fact of life: airplanes plummet, trains derail, ships sink and automobiles crash. What happens when a tragedy claims both parents of minor children? While every parent expects to rear their minor children to adulthood, life may throw any of us an unexpected curve ball in the form of a fatal injury or illness. Are you, and your children, prepared?
• Women & the Law
  Traditionally, women have been the nurturers in our society. Depending on how family is defined for her, a woman may care for a husband, children, pets, parents or even in-laws. While she is busy meeting the needs of others, a woman may forget to take care of her own needs ... even needs as fundamental as her own Life & Estate Planning.

More Reading for California Business Owners

• Using the Bankruptcy Code to Handle Tax Debts and Stop IRS Collectors
• Choosing Your Record-Keeping System
• Deductions Your Small Business Shouldn't Miss
• Fastest Way to Tax Deduct Your New Computer
• Getting Audited? Can't Find All Of Your Records? No Problem
• Getting Tax Benefits From Bad Debts
• IRS Penalties Mostly Likely to Affect Small Businesses
• Keeping Records Of Employees Is Not So Easy
• Small Business Tax Benefits: Who's Afraid of the Big Bad Tax Auditor
• Successfully Dealing With The IRS For Small Business Tax Debts
• Tax Aspects of Selling a Business
• Tax Angles and Pitfalls of Buying a Business
• Tax Benefits: The Big Four
• The Top Ten Most Frequently Asked Small Business Questions (1 of 3)
• There's Nothing Like Being Your Own Boss, Except…
• What Do I Need to Know About How Is My Partnership Taxed?
• Where Do You Go When You Have Outgrown the Sole Proprietorship?
• Why You Should Care About Your Record-Keeping