Planning For A Secure Future
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...
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...