Your pets are beloved members of your California family. Whether they are furry, feathered or scaled, you can ensure they will be in good hands by including them in your estate planning endeavors. Name a guardian Including your pets in your estate planning documents...
Planning For A Secure Future
Month: December 2021
How to choose an attorney-in-fact
Regardless of your age, you can always benefit from having an estate plan. It means keeping your future and that of your California family secured. One aspect of estate planning is choosing an attorney-in-fact to act under a power of attorney. This is what that means...
How to avoid problems when bequeathing family heirlooms
Bequeathing family heirlooms can be a sentimental and emotional process in California. The process can also lead to conflicts and challenges if not done properly. That’s especially true when emotions run high. Luckily, there are some steps individuals can take to...
Charitable trusts are versatile estate planning tools
There are many reasons why California residents may choose to include charitable trusts in their estate plans. These versatile tools can be used to donate assets to charities and transfer wealth to children, and they may also reduce or even eliminate estate taxes....
How to deal with incomplete transfers in California
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...
The main steps required to establish a trust in California
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,...
Using a professional executor to manage your estate
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....
Is a qualified terminable interest property (QTIP) trust right for you?
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...
Is an intentionally defective grantor trust right for my estate?
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...
Why you might choose to leave unequal inheritances
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'...