Young people generally don’t spend too much time thinking about what will happen in the event they become incapacitated. After all, they have their whole life in front of them. Unfortunately, life doesn’t always go according to plan and accidents or illness can catch...
Focused And Personalized Attention Concerning Your Estate Planning Needs
Estate Planning
Issues to watch out for when choosing an estate administrator
Most people feel honored to learn they have been selected as a candidate to handle estate administration for a friend or family member. At the same time, however, few people understand the depth of commitment involved in administering someone's estate. You have...
Do you have your letter of instruction ready?
A will, trusts and power of attorney designations are all things that you might think about when you’re discussing an estate plan. There’s another document that you need to ensure you have taken care of right now. This is the letter of instruction. While the letter...
2 crucial estate planning steps for new parents
The birth of a child comes with enormous responsibilities for the parents. After all, you have a new life to take care of. And while the adjustments you need to make following the birth of your child are numerous, there is one key item that you must never overlook:...
What to know about gifting money from your estate
Making sure that your loved ones don’t have to spend a lot of money on estate taxes is important if you have a high-value estate. There are several things that you have to consider when you’re trying to do this. You make decisions that propel your wishes forward. This...
Should you talk with your children about your estate plan?
The chances are good that your children will be the main beneficiaries of your estate when you die, especially if you have since gotten divorced or your spouse has already died. Your children may already have a vague idea about how you want to split your assets and...
The potential tax burden of an IRA inheritance on your loved ones
Your individual retirement account (IRA) is primarily intended to provide you with a regular source of income in addition to Social Security. To designate whom you want to receive whatever is left when you pass away, you need to list them as beneficiaries on your IRA...
How do I discuss my estate plan with my children?
Having an estate plan that reflects your wishes is great. But having an estate plan that will not be the subject of disputes is much better. When you take time to create an estate plan, one of the things you need to consider is discussing your wishes as outlined in...
Make sure your administrator has access to your digital estate
In the 21st century, many of us live large portions of our life online. We play on the Internet, we work with it and we use it for financial matters. Most Sacramento residents have accumulated a few digital assets, some worth practically nothing and others with value....
Don’t make this mistake in your estate plan
Your estate plan is what your loved ones will follow when you pass away. It tells them your wishes for where your assets will go. While you might be tempted to list every asset you have, there are some that shouldn’t be included in the estate plan. Financial...