Far too many people procrastinate when it comes to estate planning. They might think that they can do it later or that it’s unnecessary given their limited assets or their simplified plans for asset distribution. But putting off estate planning is dangerous. It can...
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Trusts
What is an asset protection trust?
People in California work hard for their money and generally people would like to be able to keep it for their own purposes. People may also be getting older and want to make sure that their money and assets end up going to their family when they pass away. However,...
What to know about incapacity planning in California
Many Californians plan for when their time comes to leave this world. However, it's important not to overlook the possibility of living but being incapacitated and unable to manage affairs. Incapacity could result from diseases like Alzheimer's, dementia, temporary...
How estate planning helps parents of children with special needs
Parents of special needs children in California possess additional reasons to carefully plan their estates. These reasons include guardianship issues, evaluation of available resources and income caps that are applied if the child is receiving Medicaid or SSI...
Estate planning provides peace of mind
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...
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...
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...
When it comes to trusts, choose trustees wisely
When estate planning, it can sometimes seem as if there are more questions than answers. However, asking certain questions can help California residents ensure that they make the best choices for their plans. For example, individuals utilizing trusts as part of their...
Trusts, other planning tools can accomplish charitable giving
Many California residents have giving attitudes and hearts. They want to help others as much as they can, especially in charitable capacities. For some individuals, continuing that giving after their passing may be a desired goal. Fortunately, there are various ways...
Corporate trustees could manage trusts without bias
When considering the many tools available to create an estate plan, some California residents may wonder whether they need more than a will. While a will certainly is a useful and essential estate planning document, other tools can help make a plan more comprehensive....