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...
Estate Planning
How to get started with estate planning
If you are an adult, live in California and do not have an estate plan, you should create one even if you do not have many assets. There are several key elements you ought to include. Roles in your estate plan There are a few different things to consider based on your...
Keeping your estate plan private
Many California residents may want to keep their estate plans private so that information relating to their assets and debts does not become public. Wills go through probate, which is a public process, so people might want to consider various alternatives. Trusts...
Estate Planning Shouldn’t Be Difficult, Or Sad
Thinking about a time when you’re no longer around for your family is difficult. No one wants to put a lot of thought into their own death. But this can deter many people from thinking about estate planning, which is a big mistake. Why Think About Estate Planning?...
Should you talk to your children about your estate plan?
When you start planning your estate in California, you might be wondering if you should inform your adult children. On one hand, it might be a good idea to keep your children informed so they know how to handle your estate after your death. But on the other hand, you...
What to expect and know when creating a will
It is the unknown that often trips up people. But, sometimes, what we find out is that we are the ones standing in our own way of overcoming the unknown. This can be the case with estate planning and creating a will. Whether you have a modest or large estate, it is a...
Estate planning basics
Most people are aware that they need to create an estate plan, but they may not know what the steps are. California residents shouldn't be embarrassed if they aren't familiar with everything that an estate plan entails as most people are unclear on the topic. Contrary...
Estate planning and Special Needs Trusts
Estate planning is important for everyone in California, but it's particularly vital for the parents of children with special needs. Parents want to provide them with the best quality of life, but they don't want to disqualify them from need-based government programs....
A daughter has questions regarding her mother’s estate
A woman recently sent a message to a financial advice column detailing a situation involving a home owned by her mother. The woman is in line to inherit the home from her mother. The point of contention is a stipulation that the mother's boyfriend can also live in the...
How to create a stronger estate plan
Ideally, you will take time to create an estate plan that provides for your needs now and after you pass. If you fail to make a will or trust, California law may distribute assets to your spouse or child by default. In addition to a will or trust, it may be a good...
