Living trusts and wills are estate planning tools that California residents can use to determine how their assets are managed and distributed whilst alive as well as after passing on. While you can choose one tool over the other, or use both, it is important that you...
Month: June 2021
Why don’t people make an estate plan?
One-third of American adults do not have any kind of estate plan, despite almost 60% claiming it was important to have one. That is one of the findings of a recent study by Caring.com. Estate planning professionals have long worried about the number of people who are...
Understanding the difference between having POA and being an executor
Often, when people are developing their estate plan, they will give a family member, friend or someone else they trust the authority to act as their agent to handle their finances and their medical care if there comes a time when they’re unable to do so. This...
What if an adult child disagrees with your medical wishes?
You may want to take steps to relate your medical wishes to your family and/or your medical team as part of your estate plan. There are a few ways to do this, such as creating a medical directive for the doctors to follow or using a medical power of attorney to...
What should you do with family heirlooms in your estate plan?
In some ways, dividing family heirlooms can be more difficult than dividing cash and other financial assets when you’re doing your estate planning. Financial assets may be worth far more, but at least you can divide these types of assets equally. With heirlooms,...