Planning For A Secure Future
Several misconceptions surround estate planning in California, including the idea that it only benefits those with significant wealth. Instead, estate planning provides many benefits for people from all walks of life, regardless of their age or the value of their...
With rising healthcare costs, the possibility of Social Security insolvency and longer life expectancy, preparing for retirement in California is more important than ever before. Here are a few tips to help you jumpstart the retirement-saving process in 2023. Ensure...
Talking to your children about estate planning is essential if you're a parent in California. Age-appropriate conversations prepare your kids for the inevitability of death and the importance of managing finances. Keeping it simple is best When you approach the topic...
Estate planning is a difficult and emotionally taxing process for anyone in California. But single individuals might have a harder time starting the process. This is partly because it can be hard to start a conversation about estate planning without someone else in...
As a California adult, when you begin and continue the process of planning your estate, you may want to create a power of attorney to take effect in the event that you become incapacitated. The person who you choose to act as your agent in such an event is also known...
A Totten trust is a bank account some California residents establish during estate planning. Any assets you place into the account are transferred to a beneficiary after death. A Totten trust goes by other names, including a tentative trust or a payable-on-death bank...
California adults might have a difficult time navigating estate planning conversations. No one wants to think about what happens after their parents die. While difficult, these conversations can answer many unknowns that make it easier for adult children when the time...
Choosing an executor in California is a crucial step when creating a will. An executor is the person who is responsible for managing the deceased's estate, including paying debts, distributing assets and following the deceased's wishes. Selecting the right executor is...
As a resident of California, you may have heard that estate expenses can be a complex and confusing aspect of the probate process. Understanding who pays what for estate expenses can help ensure an estate's smooth and efficient distribution. Estate expenses Here are...
Parents, grandparents and others may wish to see young ones cared for in an estate plan. So, naming young persons as beneficiaries in wills and transfer-on-death accounts and life insurance policies is not uncommon. However, certain issues may arise when leaving...