It is not unusual for a person in Torrance to remarry later in life after a divorce or the death of a spouse. These unions can be emotionally fulfilling but they do present issues when it comes to estate planning, specifically if one or both spouses has adult children...
Estate Planning
The basics of durable powers of attorney in California
Estate planning often focuses on the creation of wills and the execution of trusts. However, most California residents can benefit from executing another form of important estate planning device: a durable power of attorney. This informational post will introduce...
What are some steps to navigating a loved one’s estate plan
If one has watched the news at any point for the last year, they have likely heard about the importance of estate planning. Indeed, with all the craziness that pervaded every second of the past 12 to 16 months, one of the few things we had control over is planning,...
Family dynamics can affect the distribution of your assets
If you’ve put off estate planning for quite a while, you’re not alone. Most people find it hard to come to terms with their own mortality, and a lot of those individuals feel like they don’t need a complicated estate plan. But foregoing estate planning altogether is a...
Two tips that can help you avoid the estate tax
Those in the Torrance area with significant wealth may have been very strategic in the investment and growth of their wealth. However, despite their careful planning, if they are nearing the tax-exemption limit, they may owe estate taxes upon their death. The current...
Does estate planning address Google accounts?
Estate planning involves many more steps than drawing up a will or devising power of attorney forms although such things are often essential. California residents might wish to look outside the box and think about property, assets, and digital accounts. People with...
What is incapacity planning?
When you write your will in California, you're not just planning for your death. You're also planning for the time leading up to your death. If you ever end up incapacitated, it's important to make decisions ahead of time before someone else makes them for you. What...
When to review your estate plan
If you live in California and have an estate plan, you still need to update it every few years or after any big changes in your life. If you get married or divorced, it is time for a document review. If you have a child or someone close to you dies, you should also...
What are benefits to estate planning?
Individuals with significant assets, including multiple properties and vast brokerage accounts, may see estate planning's value. Others might not, which is unfortunate. Estate planning could be for everyone in California since writing a will or drawing up other...
Why it is important to create an estate plan
If you are like a lot of California adults, you have postponed or maybe not even thought much about creating an estate plan. You might assume that you do not need a plan because you have few assets, or you may simply not want to think about it. The process can also...
