Planning For A Secure Future
There are only two ways to transfer property to a loved one in California: when still alive and after death. A gift deed is a popular option when transferring property while alive. However, to be valid, it must be "complete." In other words, the transferor must...
Considering the work that goes into building your California estate, you understandably want it protected. A great way to achieve this critical goal is with estate planning. For many, setting up a trust is a vital part of the estate planning process. However,...
Most people in California choose a friend or a family member to act as the executor of their estate. Some people aren't familiar with the process or unwilling to manage it. Others may not trust those individuals to do their duties, especially if the estate is large....
Estate planning gives you peace of mind that you're protecting yourself and your loved ones. Many people taking part in estate planning in California secure their assets with trusts. As you might know, several types of trusts exist. One wise way to protect your spouse...
Many types of trusts are available for people in California looking to protect their assets. One of the most beneficial trusts for wealthy families is an intentionally defective grantor trust (IDGT). These trusts allow the grantor to retain specific powers over the...
When California residents plan their estates, unequal inheritances are sometimes an issue based on family circumstances. This situation may warrant different shares when a family business is in play. Ideally, this is something you can address in advance. Why heirs'...
Drawing up a comprehensive estate plan in California could make things easier for surviving relatives. Naming children in a last will and testament allows the testator to transfer assets to them. The arrival of a new child could prompt changes to an estate plan....
A California irrevocable life insurance trust (ILIT) is an estate planning option. The ILIT is a trust funded by one or several life insurance policies. Once you create the terms of the trust, you can’t change it because an ILIT is irrevocable. Estate planning can...
California residents may know the importance of creating an estate plan. It’s just as important to continually re-evaluate your estate plan to ensure it meets your needs. When to create an estate plan Some people may avoid creating an estate plan. No one knows when...
If you live in California and are preparing for the future and the end of your life, estate planning can be highly beneficial. An advanced directive is one element in this process that can help ensure you are taken care of as you wish. Having one is the best way to...