Planning For A Secure Future
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...
When a relative dies, it is hard to know what to do next. Two tasks that survivors should prioritize after the funeral are reporting the death to the major credit bureaus and to Social Security. Why reporting a death is important Reporting a relative's death is...
In California, you might be looking into a spendthrift trust. After you pass away, this will ensure income to your beneficiaries. But you have yet to decide whether to use this type of trust or another one. This article will help inform you about a spendthrift trust...
Estate planning is something all California residents should do before their death to protect their assets and families. As part of the efforts, end-of-life planning should include securing your beneficiary's assets and distribution. While this is never a pleasant...
If you're considering setting up a trust as part of your California estate plan, you might wonder which type is best. There are several types of trusts available, but the most popular one is the revocable trust – it's easy, you keep control over it, and you can change...
Many siblings are known to fight over things from the time they’re little. This could continue as they grow older and expect to receive certain assets from their parents in California. Fortunately, there are ways to handle this type of an inheritance dispute. Having...
The bypass trust is an advanced estate planning tool that can help high-net-worth married couples in California maximize their tax savings. It involves multiple specifically-crafted trusts with different tasks. The power of the bypass trust The basis of the bypass is...
California residents can do themselves and their families a huge service by planning their estate and documenting their wishes. These are the reasons why it’s never too early to consider this important step. It eliminates stress When you decide to start planning your...
If you or your spouse may end up needing long-term care in California and you've never heard of a Medicaid asset protection trust (MAPT), it may be time to learn. This trust type may help you keep your assets secure without sacrificing the quality of care for the ones...
Most estates must go through probate in California. Even if the decedent didn't leave behind a will, you may have to follow part of the probate process to allow the judicial system to distribute the estate based on intestacy law. Lodge the will When the decedent has...