Planning For A Secure Future
When you die in California, your assets can only go to three places: your beneficiaries, charity organizations or the government. If you don't manage your assets accordingly while alive, the government will take the greatest share, leaving very little for the people...
When it comes to estate planning in California, there are many different options to choose from. One option that you may have heard of is a grantor retained annuity trust, or GRAT for short. Keep reading to learn more about a GRAT and how you can use it in estate...
Anyone of legal age may write a will, although many people do not take the necessary steps. By writing a valid will, the testator ensures a legal document reflecting his or her wishes exists. The will should allow assets to transfer to preferred beneficiaries, among...
If you plan on moving to California from another state, it may be in your best interest to review your estate plan. This is because the laws in your home state may be different from those that you will now be expected to comply with. Let's take a look at some of the...
In California, you don't have to serve as executor if you decide that you aren't the best fit. You should ask yourself a series of important questions before you accept an executor nomination. This role comes with a lot of responsibilities, and the state will hold you...
A bypass trust is a legal agreement between two spouses to ensure that the surviving one is cared for financially. There is a great deal of information for married couples to learn about this area of estate law. A trust for couples A bypass trust is an irrevocable...
California residents should consider all the details when planning their estate. In some cases, a letter of competency might be needed to go along with a will and other estate documents. It’s important to understand what this is and why it might be necessary. What is...
Con artists and fraudulent businesses often target senior citizens, believing them to be naïve, trusting and uninformed. Seniors living in California need certain information to protect themselves from all forms of fraud. Identify common scam attempts There are...
New parents have a lot on their plate preparing for their first child. With all of the changes to make in their lives, California parents might neglect to update their estate plan right away. However, it's vital for parents to update their estate plan after welcoming...
Estate planning in California often consists of creating a trust. A trust is a formal agreement between you, a trustee and the beneficiary you name. The trustee manages the assets of your trust to eventually administer the assets of the trust to your beneficiary....