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LGH Consulting

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Anaheim, CA
LGH Consulting

Our mission is to help clients maintain financial viability in the present while taking a proactive

05/04/2026

If you come across an estate planning term you’re unfamiliar with, consult this handy glossary.

03/27/2026

"Ready to take the next step? Reach out for a consultation and let’s build your financial success together. 📞✉️

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03/19/2026

"From startups to established enterprises, our financial insight helps you make smarter decisions. 📊🔍

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03/06/2026

"Navigating HOA financials can be confusing — our specialized tax expertise brings clarity and confidence. 🏘️📊

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02/19/2026

"Maximize savings and stay compliant with expert tax planning for individuals and businesses. 🧾💡

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02/15/2026

"Helping businesses and individuals thrive with tailored financial guidance and strategic support. Your success is our business. 💼📊

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02/05/2026

A living trust is one of the most versatile estate planning tools available. It offers a streamlined way to manage and transfer assets while maintaining privacy and control. Unlike a traditional will, a living trust allows your assets to pass directly to your beneficiaries without going through probate. By placing assets into the trust during your lifetime, you create a clear plan for how they should be distributed, and you empower a trustee to manage them smoothly if you become incapacitated. This combination of efficiency and continuity can provide significant peace of mind for you and your family.
However, even the most carefully created living trust can’t automatically account for every asset you acquire later or forget to transfer into it. That’s where a pour-over will becomes essential.
Defining a pour-over will
A pour-over will acts as a safety net by directing any assets not already held in your living trust to be “poured over” into the trust at your death. Your trustee then distributes the assets to your beneficiaries under the trust’s terms. Although these assets may still pass through probate, the pour-over will ensures that everything ultimately ends up under the trust’s umbrella, following the same instructions and protections you’ve already put in place.
This setup offers the following benefits:
Convenience. It’s easier to have one document controlling the assets than it is to “mix and match.” With a pour-over will, it’s clear that everything goes to the trust, and then the trust document determines who gets what. That, ideally, makes it easier for the executor and trustee charged with wrapping up the estate.
Completeness. Generally, everyone maintains some assets outside of a living trust. A pour-over will addresses any items that have fallen through the cracks or that have been purposely omitted.
Privacy. In addition to conveniently avoiding probate for the assets that are titled in the trust’s name, the setup helps maintain a level of privacy that isn’t available when assets pass directly through a regular will.
Understanding the roles of your executor and trustee
Your executor must handle specific bequests included in the will, as well as the assets being transferred to the trust through the pour-over provision before the trustee takes over. (Exceptions may apply in certain states for pour-over wills.) While this may take months to complete, property transferred directly to a living trust can be distributed within weeks of a person’s death.
Therefore, this technique doesn’t avoid probate completely, but it’s generally less costly and time consuming than usual. And, if you’re thorough with the transfer of assets made directly to the living trust, the residual should be relatively small.
Note that if you hold back only items of minor value for the pour-over part of the will, your family may benefit from an expedited process. In some states, your estate may qualify for “small estate” probate, often known as “summary probate.” These procedures are easier, faster and less expensive than regular probate.
After the executor transfers the assets to the trust, it’s up to the trustee to do the heavy lifting. (The executor and trustee may be the same person, and, in fact, they often are.) The responsibilities of a trustee are similar to those of an executor, with one critical difference: They extend only to the trust assets. The trustee then adheres to the terms of the trust.
Creating a coordinated estate plan
When used together, a living trust and a pour-over will create a comprehensive estate planning structure that’s both flexible and cohesive. The trust handles the bulk of your estate efficiently and privately, while the pour-over will ensures that no assets are left out or distributed according to default state laws. This coordinated approach helps maintain consistency in how your estate is managed and can reduce stress and confusion for your loved ones.
Because living trusts and pour-over wills involve legal considerations, we recommend working with an experienced estate planning attorney to finalize the documents. We can assist you with the related tax and financial planning implications. Contact us to learn more.
© 2025

01/26/2026

Successful organizations are built on clear strategy and strong ex*****on. We work closely with our clients to align vision with action.

01/15/2026

At LGH Consulting Inc., we help organizations move forward with clarity, strategy, and purpose. Our consulting approach focuses on practical solutions that drive real results.

01/07/2026

Many tax figures are annually adjusted for inflation and typically increase each year (or at least every few years). For 2026, some additional changes are going into effect under the One Big Beautiful Bill Act, signed into law July 4, 2025. Here’s an overview of some important limits and other tax figures for 2026. Keep in mind that exceptions or additional rules or limits may apply.
Standard deduction
Single and married filing separately: $16,100
Head of household: $24,150
Married couples filing jointly: $32,200
Additional standard deduction for those age 65 or older and/or blind: $2,050 ($1,650 per spouse if married). For taxpayers both 65 or older and blind, the additional deduction is doubled.
Itemized deduction limits
Casualty loss deduction: only for eligible losses from federally or (new for 2026) state-declared disasters
Charitable deduction floor (new for 2026): 0.5% of adjusted gross income (AGI)
Mortgage interest deduction: interest on qualified debt up to $750,000
Medical expense deduction floor: 7.5% of AGI
State and local tax deduction: $40,400
Overall limit for higher-income taxpayers (new for 2026): Generally, the tax benefit from itemized deductions for taxpayers in the 37% bracket will be as if they were in the 35% bracket
Retirement plan limits
Traditional and Roth IRA contributions: $7,500
Traditional and Roth IRA catch-up contributions for those age 50 or older: $1,100
401(k), 403(b) and 457 plan deferrals: $24,500
401(k), 403(b) and 457 plan catch-up contributions for those age 50 or older: $8,000
401(k), 403(b) and 457 plan additional catch-up contributions for those age 60, 61, 62 or 63: $3,250
SIMPLE deferrals: $17,000
SIMPLE catch-up contributions for those age 50 or older: $4,000
SIMPLE additional catch-up contributions for those age 60, 61, 62 or 63: $1,250
Contributions to defined contribution plans: $72,000
Annual benefit limit for defined benefit plans: $290,000
Other tax-advantaged savings limits
Health Savings Account (HSA) contributions: $4,400 for individuals, $8,750 for family coverage
Health Flexible Spending Account (FSA) contributions: $3,400
Child and dependent care FSA contributions: $7,500
Trump account contributions: $5,000
Estate planning
Gift and estate tax exemption: $15 million
Generation-skipping transfer tax exemption: $15 million
Annual gift tax exclusion: $19,000 (unchanged from 2025)
2026 tax planning
These are only some of the figures and limits that could affect your 2026 taxes. To learn more and begin planning for the new year, contact us.
© 2025

Address

585 S State College Boulevard
Anaheim, CA
92806

Opening Hours

Monday	7am - 5pm
Tuesday	7am - 5pm
Wednesday	7am - 5pm
Thursday	7am - 5pm
Friday	7am - 5pm

Website

https://lghconsultinginc.com/

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