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....
Planning For A Secure Future
Estate Planning
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'...
A new child and estate planning
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....
Pros and cons of a California irrevocable life insurance trust
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...
When to re-evaluate your estate plan in California
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...
An advance directive can ensure your healthcare wishes are met
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...
What does a probate judge do?
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...
How divorce impacts estate planning
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...