A California estate plan is set out in a series of key documents prepared before one's death. We discussed one of these documents, the durable power of attorney, in last week's post.Beneficiary designation forms are another important part of an estate plan, and often...
Month: February 2016
A durable power of attorney can provide real peace of mind
For most Californians, estate planning means making plans for the disposition of one's property after death. While this is usually the most important aspect of estate planning, it is far from the only one. Many people, especially as they get older, face the...
Trustees have broad powers under California law
In California, trusts have long been a favored means of estate planning. Trusts provide great flexibility can help avoid probate and often significant tax advantages.A trust is created by a person known as the trustor or settlor, who places property in the trust and...
David Bowie’s will shows what CA estate planning can do
The death of rock legend David Bowie at the age of 69 on January 10 came as a shock to many music fans in Northern California. Fortunately for his loved ones, Bowie had prepared an estate plan and executed a will in 2004.Bowie left an estate estimated to be worth...