While much of estate planning is focused on the distribution of assets upon one's passing, it really encompasses much more than that. Estate planning should also delve into important health care and financial decisions, especially in the event that an individual...
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Estate Planning
Divorcing? Don’t forget to modify your estate plan
Getting divorced can be emotional. After all, two individuals who were once in love have to come to terms with the fact that they are no longer right for each other. While this process can leave individuals feeling upset, distrusting, and sad, it also provides them...
Poor estate planning can leave estate milked dry
Should estate planning focus on leaving children as well off financially as possible? While some see no problem with doing this, others think that it could cause children to be spoiled and unappreciative of hard work.Those in the latter category point to a number of...
Luke Perry’s death shows importance of estate plan upkeep
Actor Luke Perry, best known for his work on "Beverly Hills 90210," recently passed away at the young age of 52. Nobody expects to suddenly pass away so young, which makes Perry's death all the more tragic. It is usually in these circumstances that families find...
Fashion icon may have utilized pet trust for beloved cat
Fashion icon Karl Lagerfeld recently passed away, leaving many wondering what will become of his estate. Lagerfeld, who was 85 at the time of his passing, had a pet cat, Choupette. The feline has even become famous in his own right, with an Instagram account and...
Do you need an estate plan if you don’t have kids?
The vast majority of people who find estate planning imperative are those who have children. These individuals often want to make sure that their assets are left to their kids and their spouse in a way that protects their financial future and maintains the estate's...
Unique situations that require adept estate planning
No two families are the same. Some families may appear "traditional," with two spouses remaining married for the long-term and raising children, while others are "untraditional." These latter families can involve step-parents and step-children, unmarried couples,...
No mental incapacitation found in mogul’s estate plan case
Estate plans can address significant wealth. When familial tensions run high, these plans can run into conflict, with multiple parties claiming that they should have their fair share of an estate's assets. Those who are not prepared to head off these disputes can have...
Remarriage can affect estate planning and distribution
It's no secret that divorce is a common occurrence in California and throughout the country. So, too, is remarriage after divorce. While statistics show that less than one out of every five divorced individuals remarry, the rate is significantly higher for those 55...
Transfer on death accounts can help avoid probate
Most, if not all, Californians want to avoid the probate process. After all, having an estate subjected to probate can make the matter public, and it is usually lengthy and costly. For these reasons, many people who engage in estate planning do so, at least in part,...