It's important for every adult in California to have some kind of estate plan in place. This can be as simple as designating beneficiaries on insurance policies and writing a will. For small business owners, it's important to have two sets of plans in place. The first...
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We are encouraging all current and future clients to meet with us via phone or video conference. Please contact our office to discuss your options.
Month: July 2020
Tax administration and living trusts in California
In California, there are seven types of trusts. These include the six that go into effect at the time of an individual’s death and comprise life insurance, marital, minor's, testamentary and special needs trusts. The two types of living trusts in California are the...
The basic premise of estate planning
Asset protection techniques include the steps an individual can take to avoid the potential loss of property when targeted by a lawsuit. These techniques can be important to understand for people living in a litigious state like California. The foundation of asset...
What happens with a will after a person dies?
When a person with a will passes away, the will must be filed in probate court before assets listed in the will can be distributed. When the will is filed in probate court, it becomes public, and interested parties have an opportunity to contest the will. In...
In a second marriage, careful estate planning can protect your children.
Marriages come with many changes, and you should update your estate plan to reflect this happy event in your life. However, if you or your spouse have children from a prior relationship, you should take additional steps to protect their inheritance. Who will act as...