Many families in southern California have members who suffer from one or more disabilities, and their ability to undertake gainful employment is severely limited. Anyone who is making an estate plan that will contain provisions for the care of persons with special...
Wills And Trusts
Revoking a will: an overview
While it would be preferable to only ever have to make one will, significant life changes often require us to regularly change or amend our wills. There are a range of different reasons you might need to revoke or amend a will in order for it to accurately reflect how...
The importance of testamentary capacity in drafting a will
A will is a useful testamentary tool that can help convey a California resident’s intentions for the disposition of their end-of-life estate to both their loved ones and the legal system. A will can provide instructions for the care of the decedent’s minor children,...
Making a Beneficiary Out of a Living Trust
An IRA is one type of retirement account that is available in Torrance, California. It is essential to consider the beneficiaries that you want to add to your IRA. One option for your beneficiary, however, is a living trust. In doing this, the money will be available...
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...
Why estate planning may be important for you
Physicians and other professionals in California may want to consider creating an estate plan that they review and modify over the years as there are changes in their families, their assets and the law. There are two elements to estate planning. One is about planning...
When to make changes to a will
Californians with any assets or property to their name should consider drafting a will regardless of their age. Wills can help ensure that assets are allocated to beneficiaries as intended. It is also important to revise wills when needed to add beneficiaries, such as...
Estate planning: wills vs. trusts
In California and across the U.S., it is important to have an estate plan. This plan can be guided by a will, one or more trusts, or a combination of both. Usually, either the will or the trust will have primary importance in an estate plan. When individuals use a...
When might you want to update your will?
Taking time to stop and think about your plans for the end of your life isn't likely something that you want to do while you're busy living your peak years, but it's important to do it. This will ensure that things end up getting handled exactly as you'd like them to...
The required elements of a will
Each state in the country has its own set of estate planning rules for what constitutes a valid and legal will. For this reason, readers of this post are encouraged to fully understand the estate planning laws in their state. However, this post will offer an overview...
