One of the challenges facing aging parents is deciding how best to deal with assets that their children may need to manage should they become seriously ill or incapacitated. Many parents who plan to leave their homes to their children when they die wonder if it is a...
When you die without a will, your family must go through a complicated and expensive process to settle your estate. Leaving behind an estate plan helps simplify the process for everyone involved. Divorce is also a complicated process. When you are preparing to...
If you find yourself in the fortunate position to consider leaving a financial legacy to your heirs, you might want to consider attempting to have a wider reach. A multi-generational estate plan seeks to provide money that will have benefits for several future...
Understanding how probate works in California can help inform your estate plan. With this legal process, the court supervises your designated executor as he or she distributes assets according to your will, pays final expenses and otherwise settles your affairs. These...
Many people in California associate estate planning tools like wills and trusts with people at older stages of their lives. However, the reality of the matter is that even a person in their 20s or 30s can benefit from some form of estate planning. At any given time, a...
Having an estate plan is beneficial for all California residents, but if you are also a new parent, creating one may be of particular importance. Many young people put off creating estate plans, either because they feel they do not have enough assets to warrant doing...
Avoiding probate is a noble goal of estate planning, but some gambits are much more trouble than they are worth. Many Americans wonder about the best way to pass down property to their heirs. Often, property is the largest asset that an American owns, and taking care...
You may be surprised to learn that a living will, also known as an advance healthcare directive in California, is not really a will at all. A living will is a legal document that is meant to communicate your wishes in certain medical situations where you may not be...
It is a common misconception that estate planning is only beneficial to people who have large assets. The truth is that estate planning is beneficial to everyone. Most people own at least one valuable item. This can include a house, vehicle or even simply bank...
There are a myriad of factors to consider when creating an estate plan. In addition to organizing your property and assets, you must consider who you would like to receive it once you pass. Furthermore, you may want to make the process as easy as possible for your...
