When people undertake the estate planning process in California, they tend to focus on the major assets: the house, other real estate, bank accounts and investments. Too often they overlook the things they own that have little monetary value but a lot of sentimental...
Month: April 2016
Understanding properties the that terms of the will covers
When a person in Sacramento takes steps to shore up his or her estate by preparing a will, it might seem like a relatively straightforward process. However, many are not fully aware of what the terms of a will entail especially when it comes to what is covered by it....
Tax benefits of an irrevocable life insurance trust in California
In last week's post we discussed what assets are included in one's estate under California law for estate planning - and estate tax - purposes. One of the assets we mentioned in that post is life insurance. If a person is the owner of a life insurance policy, the...
What property to include in California estate planning?
When a person decides to begin the estate planning process, one of the first tasks is taking a general inventory of their estate. But, what assets are included in one's estate under California law?In California, a person's estate includes everything that a person...