Planning For A Secure Future
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...
In California, understanding the role of probate judges in administering an estate can help you navigate the complexities of estate planning and asset distribution. Understanding some of the judge's duties and responsibilities allows you to gain insight and make more...
When California residents go through a divorce, their estate plans are usually the furthest things from their minds. Instead of thinking about wills, trusts and medical directives, most people start thinking about their immediate financial needs, child custody...
If this is the first time that you've been an executor of the estate of someone who has recently passed, you likely have some questions about how you're supposed to settle some of the financial aspects of the process. And if you're a loved one of the deceased and a...
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...