Focused And Personalized Attention Concerning Your Estate Planning Needs
One part of estate planning involves designating a person to take charge of your estate after you die. Since many believe in the keep it in the family motto, they automatically choose a relative—typically an adult child—to act as an estate administrator. Sometimes,...
You may have heard that most people don’t have an estate plan. You may also have heard that one of the main reasons they give for this is that they’re going to do it later. They’re waiting until some hypothetical age when it’s time to start estate planning. The exact...
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...
The best way to form the foundation of a sound estate plan is by creating your final will. With it, you can express your wishes for dividing estate assets among your loved ones. Once you have it in place, you can continue to build your plan until it meets your needs....
Your will is one part of your estate plan. Many people will have a will in place, but they’ll also have at least one trust set up. While a will is fairly simple to get set up, it’s also an estate planning component that might be called into question after you pass...
If a loved one died with debts to their name, you might be worried that creditors will come knocking at your door as a beneficiary to the estate. However, you do not have to worry. It's only in certain circumstances that this can happen. Usually, the deceased's debts...
As you do your estate planning, some of it seems fairly straightforward. If you have financial accounts, you can divide them between your children. If you have real estate, you can leave it to all of them or sell it and split the money up between them. But what about...
If you are like most people, thinking about what may happen if you are incapacitated or at the end of your life isn’t something you enjoy. However, as a responsible adult, it’s something you shouldn’t avoid. Part of end-of-life planning is establishing an advanced...
When making your estate plans, it is important to anticipate the uncertainties of life. A sudden illness or an accident can leave you incapacitated and unable to make decisions surrounding your finances or health care. In such a case, you need someone known as an...
If you are a trustee or the executor of an estate, selling property may be among the tasks you will have to complete. You have an obligation to the beneficiaries of the trust or the estate to maximize what they will receive after a loved one's death. Failing to...