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...
While planning your estate, you put a lot of focus on taking care of your children in your absence. It may not feel right leaving them the same amount, but you do not know how to go about leaving them different inheritances. Kiplinger offers advice on the matter....
One of the benefits of estate planning is that certain assets may be able to bypass the process of probate. This allows heirs to receive their inheritance much sooner, and without as much headache. Unfortunately, many people may not have estate planning documents set...
Planning for your end of life circumstances may be tough at times if you are unsure what documents you need to prepare. Health care directives are important for those with medical problems, and even people without them. First steps Speaking with medical and law...
Ask most estate planning attorneys about probate, and chances are they will respond with a look of downright horror. Probate is time consuming. It is costly. It is public. You must avoid it at all costs. Or must you? Probate gets a bad rap, but the truth is that the...
