A pour-over will is a handy estate planning tool when used with a living trust. It allows you, the trust maker, to address undesignated property that you might have left out of your regular will. For example, say that you forgot to include your granddad’s impressive...
For many Californians, the document in their estate plan that details their assets and how they’re to be distributed isn’t their will. It’s a revocable living trust. A revocable living trust serves a number of purposes. Many people have them because they typically...
Milestones in our lives usually require some planning and consideration ahead of time. They might include saving for a college education and organizing the myriad details of a wedding, for example. Those are joyous, exciting occasions for most people. Writing a will...
Choosing how to set up your estate plan can be confusing. One of the most common areas of confusion concerns wills and living trusts. Some people may tell you that you need one, while others say you should choose the other. Others recommend you use both. Let’s look at...
When creating your will, you might consider inserting a no-contest clause. It can act as a deterrent to prevent anyone from challenging your wishes. However, a California court will not always uphold a no-contest clause. When does California consider a no-contest...
When you die, someone will need to administer your estate. This person is known as the executor. What does an executor do? An executor must perform several tasks. These include: Pay the funeral expenses: The money comes out of your estate, not their pocket. Account...
