A large part of estate planning involves the distribution of assets upon an individual becoming incapacitated. Conversations around this topic can be uncomfortable for the family. While many parents do inform their adult children of their final wishes, many children...
Creating a will means making monumental decisions that will shape your legacy and impact your loved ones for years to come. Without a will, California intestacy laws would dictate what happens to your hard-earned assets. And you may not like this. However, one of the...
A will is a crucial component of any estate plan. This document instructs the executor how assets should be divided upon your death. The will can also provide instructions on who should look after your minor children in the event of your incapacitation or death. Like...
Many people get stuck on the idea of an estate having to be equally divided when they’re taking care of their estate planning. While that’s a noble thought, it doesn’t always make sense to divide an estate perfectly equally amongst heirs. Instead of thinking about...
Alongside creating a last will to determine who will inherit your estate when you die, it is equally important to include provisions to ensure that someone you approve of will care for your minor children should something happen. This is where guardianship comes in. A...
Family is challenging and almost all families have disagreements from time to time. However, if you want to ensure that family members don’t receive your assets or property after you die, it’s imperative to have a valid will. Family members are considered the...
Every will must undergo probate - the court process of validating and executing a will. Once the court is satisfied that the will is legally valid and there are no contests to the will, it sets everything in motion. However, certain things must happen before the...
No one wants to think about the need for a will, but creating one is very important to do especially if you have children. Whether you are single or married, planning for the future is always a good idea. Creating your will now is the first step toward providing for...
An estate executor is a person who’s going to care of all the administrative duties for your estate when you die. You have the power to name the person who you want to do this. You should think carefully about this so you make a decision that’s in the best interest of...
Many U.S. residents tend to put off making a will or estate plan, sometimes repeatedly. It is natural to feel uncomfortable when considering and planning for your own death but waiting too long is risky. If your health suddenly declines or you suffer life-threatening...