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Moynihan Lyons PC
Riverside, CA
Estate Planning and Elder Law. For Today. For the Future.
Interests: Estate Planning, Elder Law, Probate, Medi-Cal, Aid and Attendance, Seniors
Recent Activity
The IRS sets the rules and regulations, which are complicated. The differences between a grantor trust and non-grantor trust can often be key in estate planning. This is because they carry important tax implications. A grantor trust is one in which the person who created and funded the trust remains... Continue reading
Posted yesterday at Moynihan Lyons PC
The decision to disinherit is difficult and so is the legal process. Disinheriting a child is not something people normally undertake lightly. To make sure they do not disinherit unintentionally, estate law makes sure the process to disinherit a child isn’t easy. However, the rules vary by state, according to... Continue reading
Posted 2 days ago at Moynihan Lyons PC
There are a lot of options, when it comes to gifting. However, there is a deadline that is a few years away. Now may be the best time to consider taking advantage of the lifetime gift tax exception recently passed in the tax reform law. The lifetime gift tax exemption... Continue reading
Posted 3 days ago at Moynihan Lyons PC
The focus should be on the person, rather than death itself. Death is generally a scary subject, because none of us can be absolutely certain what death will be like and what will happen afterwards. A side effect is that elderly people and the terminally ill do not always have... Continue reading
Posted 4 days ago at Moynihan Lyons PC
Settlement finally reached in estate of woman murdered in 2014. Despite the simplicity of Sheila von-Wiese Mack’s estate plan, it became a difficult situation when Sheila was murdered in 2014 and a family member was convicted in her death, according to the Daily Mail in "Heather Mack settles claims for... Continue reading
Posted 5 days ago at Moynihan Lyons PC
Author did not use a trust, so the information does not remain private. Author Thomas Wolfe recently passed away from an infection at the age of 88. The contents of his will have been made public. Wolfe might have been eccentric during his life, including wearing a white suite for... Continue reading
Posted Jul 13, 2018 at Moynihan Lyons PC
Attorney successfully schemed to take millions from couple that was intended for charity. A New York state attorney found a way to steal millions from a couple, who wanted their money to go to charity and their heirs. The attorney instead transferred ownership of their property to himself, according to... Continue reading
Posted Jul 12, 2018 at Moynihan Lyons PC
A stay is issued against lower-court ruling in California’s doctor-assisted suicide law. A group of doctors and religious-affiliated people fought hard against California’s recently-passed doctor-assisted suicide law. In May 2018, the opponents of the law won a major victory, when a district court judge declared that the law violated the... Continue reading
Posted Jul 11, 2018 at Moynihan Lyons PC
While the choice of executor may seem minor, a bad choice can create major challenges. It is often a good idea to make a simple start when creating a will and to first decide on an executor. Many people think this is a minor concern. However, it is one of... Continue reading
Posted Jul 10, 2018 at Moynihan Lyons PC
Restraining order issued against man who takes care of Stan Lee. Stan Lee, 95-year-old writer of comic books, is known as a friendly, beloved creator of superheroes that transfer easily to film and bring in millions of dollars. However, police are investigating whether he is the victim of elder abuse,... Continue reading
Posted Jul 9, 2018 at Moynihan Lyons PC
Savings go to aid students in receiving a college education. Genevieve Via Cava, who recently passed away at the age of 89, left a small fortune behind to help in the education of future generations of students in the district where she taught, according to The New York Times in... Continue reading
Posted Jul 6, 2018 at Moynihan Lyons PC
Should the financial world be allowed to attach Social Security? The concept of student loans in the U.S. is to take the loans out early in life, go to work after college and then pay off the debt load. However, it does not always work that way. It has become... Continue reading
Posted Jul 5, 2018 at Moynihan Lyons PC
The raising of the estate and gift tax exemptions may briefly create an opportunity to aid some families. There is a type of trust that is even more attractive today with the raising of the estate and gift tax exemptions and can last indefinitely to pass money down between generations... Continue reading
Posted Jul 4, 2018 at Moynihan Lyons PC
Life insurance can be a challenge, because it is not included in the probate system. The default in life insurance has always been that the person who is listed as policy beneficiary at the time of death gets the benefits, even if it is an ex-spouse. Some states have written... Continue reading
Posted Jul 3, 2018 at Moynihan Lyons PC
ABLE accounts can help special needs people receive government support, even if they have money. Traditionally, it has been difficult for families to leave money to members of the family who have special needs, but ABLE accounts have been created to solve the problem. These special accounts allow people who... Continue reading
Posted Jul 2, 2018 at Moynihan Lyons PC
Real life is rarely like the movies, when it comes to trustees. When someone gambles with other people's money in real life, it is far different than various films that show happy endings. This is because the results are usually different and severe, according to the Sacramento Bee in "Woman... Continue reading
Posted Jun 29, 2018 at Moynihan Lyons PC
F lorida case highlights challenges faced, when attempting to commute a trust. A settlor in Florida created an irrevocable trust funded with assets totaling $3 million with his son named as the beneficiary and entitled to interest income from the trust for life. Three educational institutions were named as the... Continue reading
Posted Jun 28, 2018 at Moynihan Lyons PC
There are ways to raise children that increase the chances of keeping the next generation motivated. Warren Buffett recently offered some advice to wealthy parents on how to prepare heirs, so the inheritance of wealth does not end up with wasting money and the future of the next generation, according... Continue reading
Posted Jun 27, 2018 at Moynihan Lyons PC
Newman’s Own, created by Paul Newman, has always had a problem in the not-for-profit and the for- profit charity world. However, Congress has now stepped forward to make an exception. Not-for-profits are not allowed to control for profit corporations in the U.S., since that could be used as a way... Continue reading
Posted Jun 26, 2018 at Moynihan Lyons PC
Many people are trying to figure out how to use blockchain technology in various fields. Blockchain is an encrypted technology distributed on private computers. Information is put in the blockchain and it can only be changed by someone who has the right encryption key. That is an idea that can... Continue reading
Posted Jun 25, 2018 at Moynihan Lyons PC
Social Security is a simple concept when you are paying. However, it can get complex when it comes to benefits. Social Security is actually a very complex system with all sorts of different rules that people can use to get the most out of it. However, they need to understand... Continue reading
Posted Jun 22, 2018 at Moynihan Lyons PC
It is important to create some legal arrangements BEFORE you need them. Elder law attorneys help people make legal arrangements ahead of time, to avoid some problems as you become older, including who can make decisions for you, if you are unable. Therefore, anyone can benefit by visiting an elder... Continue reading
Posted Jun 21, 2018 at Moynihan Lyons PC
Online documents are easy to get, have a cheap price tag and also have disclaimers that should be read. Many people attempt to act as their own “lawyers,” by purchasing documents online. However, this does not generally bother attorneys. And the reason? Because the disclaimers on the websites generally say... Continue reading
Posted Jun 20, 2018 at Moynihan Lyons PC
The generation-skipping transfer rules have changed. Should your trust be modified? One way around the federal estate tax is by arranging for inheritances to skip generations within a family. Instead of leaving property to their children, wealthy people would leave it to their grandchildren and even great-grandchildren. However, Congress has... Continue reading
Posted Jun 19, 2018 at Moynihan Lyons PC
Unique circumstances create specific reasons for needing a plan. However, there are just a few categories. Assets, the value of those assets and where those assets should go seem like a simple approach to estate planning. However, there is no specific answer that fits everyone at all times, according to... Continue reading
Posted Jun 18, 2018 at Moynihan Lyons PC