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Sacramento Estate Planning Attorney

December 2013 Archives

The importance of keeping your will up to date


People in California may have seen a recent editorial in Forbes about the common and potentially costly mistake many people make when it comes to estate planning and preparing a will. Many people relax after they have prepared and executed their will, but whether they know it or not, a simple change of circumstance could potentially render the best-laid plans null, or even direct that the assets go to the wrong person.

Developing good financial habits for wise inheritance spending


People in California know how important it is to develop and adhere to smart financial habits, especially in a time of economic turmoil. But spending habits, and even the way people think about money in general, is also influenced by a number of societal factors that make life unique for people raised in a particular time period. As a result, people who want to pass down money to heirs and loved ones in a later generation need to think about their differences and how to fully maximize their money for the generations to come.

Disney heirs in fight over grandfather's will


People in California surely know Disneyland as one of the state's biggest tourist attractions and the self-proclaimed "Happiest Place on Earth." Over 50 years ago, the visionary behind the empire, Walt Disney, died and left his estate to his family and loved ones. Disney left untold millions to his children, including his daughter Sharon, who died in 1993 and left her share of her inheritance in a trust fund for her twin children, Brad and Michelle, who are now 43-years-old.

Trusts can force your heirs to spend their inheritance wisely


People in California may have seen a recent news editorial on the topic of leaving inheritance to children and other heirs. Everyone wants their future generations to thrive and prosper even after they are deceased, but how can a person make sure their children are going to use that money wisely and not blow it immediately on wasteful spending?

My Sacramento law practice, Michael A. Sawamura, Attorney at Law, focuses on wills, trusts and estate planning law in addition to business law and corporate defense services. My clients include professionals, government employees, small businesses, blue-collar workers and national corporations.

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