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Sacramento Estate Planning Attorney

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Preparation is key to managing an inheritance


People in California may have heard news of late on an issue that will be affecting many Americans in the coming years, whether they know it know or not. According to a 2011 study, the baby boomer generation will likely inherit a grand total of almost $8.5 trillion from their parents and heirs. The median amount for most of these beneficiaries is somewhere in the area of $64,000, a significant amount for anyone planning for retirement, helping their kids through college, paying debt, or working on an estate plan of their own.

Frankie Valli's divorce makes for important case law


People in California may know singer and entertainer Frankie Valli best as the lead singer of the Four Seasons, a wildly famous, pop foursome whose hits spanned many decades, most recently reaching new audiences with the Broadway smash hit "Jersey Boys," which was based upon the music and personal story of the Four Seasons. But now a whole new audience of law professionals and students may become familiar with Frankie Valli's name for reasons having very little to do with his music.

Estate planning is the ultimate exercise in preparation


Successful men and women in California know that planning and preparation are critical ingredients in the recipe for success, so it should come as no surprise that preparation is also the key to maximizing that success for the greater good. People chart their course in a career much as they do in life, and with careful preparation and core values as guiding principles, they may grow to prosper and enjoy the wealth they have worked hard to create.

Estate planning to ensure inheritance


People in California may have seen a recent financial news article in Forbes, which discussed the issue of inheritance. Specifically, Forbes explained how people in the Baby Boomer generation may actually be leaning against leaving assets to their children when they pass on. In past years most people in the Boomer generation said they thought it was important to leave an inheritance. That number now sits at under 50%.

Life changes require changes in preparation for the future


People in California know that the only constant in life is change. People's lives change in some way each and every day, whether they realize it at the time or not. Some of these changes are obviously bigger than others, and some of them require a great deal of thought and energy to prepare for and react to. One of the major life changes many people go through and some point or another is divorce.

Keep your will and estate documents up to date, or else


California residents likely read and hear about the different mistakes people can make in their estate plan. For some Californians, the biggest mistake may be in simply not having an estate plan. Unfortunately, people who fall into these common traps may have their life savings fall into the wrong hands, or the money could languish in the court probate process for years. In both of these cases, it is the intended heirs that are deprive of their rightful inheritance, not to mention the issue without mounting legal expenses.

Make time to think about estate planning


People in California lead busy lives, and most people like it that way. Not knowing what the day has in store can be an exciting and fulfilling way to live, but everybody still needs to take some time to reflect on the big picture. Part of getting the most enjoyment out of life means having the financial means to do so, so even the busiest Californians should take some time each year to meet with an experienced estate planning attorney about how to get the most out of their assets.

Where will your money go after you die?


People know that California is home to the largest and most progressive technology corporations in the world, so it's no surprise that what happens in California today could set the standard for the rest of the United States for years to come. The rapid growth and success of these technology giants has made many millionaires and billionaires, who, just like the rest of us, are faced with the important decision of what to do with their money during their life and after their death.

Philip Seymour Hoffman made estate planning errors


People in Hollywood and across the country were shocked and saddened by the sudden passing of one of the world's most talented and prolific actors. Philip Seymour Hoffman's untimely death brought national attention to the spreading epidemic of heroin addiction, but there are many other lessons to be learned from his death.

California couple finds golden fortune while walking their dog


Most people in California have probably daydreamed about one day stumbling upon a treasure chest or finding a lottery ticket, but for one couple in Northern California, this dream-like scenario actually came true. The couple was out walking their dog one afternoon when they noticed something partially buried at the base of a tree. Upon further inspection they unearthed an astounding bounty of gold coins dating from the 1800s.

My Sacramento law practice, Michael A. Sawamura, Attorney at Law, focuses on wills, trusts and estate planning law in addition to business law and corporate defense services. My clients include professionals, government employees, small businesses, blue-collar workers and national corporations.

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