Planning For A Secure Future
Proper estate planning requires a will. While many people in California use software, computers and lawyers to write a will, some wills are handwritten. Any handwritten will is called a holographic will. Before you create a holographic will to plan your estate, be...
Broadly speaking, there are two main categories of trust that people in California can use in estate planning. These are revocable trusts, also referred to as "living trusts," and irrevocable trusts. The most obvious difference between these two kinds of trusts is...
As long as your beneficiary qualifies, you may set up a special needs trust for them in California. It's better to pass on assets to them through this type of trust than a will or a living trust because it comes with important benefits. Government benefits The main...
Buying a home is often the biggest financial venture you'll embark upon. While being a home or property owner can be a rewarding experience, this investment also comes with significant risk. If you decide to hold a probate sale in California, the purchase risk is...
For estate planning in California, trust property is a potentially important tool that can help reduce the tax burden on some assets and make sure that they go to the right people upon death. There are many ways to use trust to protect property for the purposes of...
New parents and parents-to-be in California should consider creating or updating their estate plan with their children in mind. It is important to remember throughout this process than minors cannot inherit assets. Taking care of children First, you need to make sure...
If you have an estate plan in California, you’re in good shape for protecting your family’s future. It’s especially important to be aware of beneficiary designations. Use these tips to ensure that assets go to the right people. Name alternate beneficiaries You have...
By knowing the basics of a last will and testament, you can ensure that your loved ones in California are taken care of after you're gone. And so, let's look at some of the critical elements in your last will and testament that are needed to make your estate planning...
Estate planning is one of the most effective ways to protect your assets in California and ensure that your loved ones are taken care of in the event of your death. However, estate planning can be a complex process, and there are a number of mistakes that can you can...
Estate planning and administration involve many steps that the planner might not initially realize. Engaging in estate planning could better prepare a relatively young person, although there's no wrong time to take such steps. Older persons might find that later-stage...