Yearly Archives: 2021
You can customize your estate plan for heirs tending to overspend
If you have one or more heirs with unhealthy spending habits, providing for them after your death comes with many challenges. You want to leave them enough to live on or help them through financial hardships while keeping the bulk…
Advance medical directives ensure your healthcare wishes are met
Most people feel that meeting the needs of their families is the most important part of estate planning. However, California estate plans have plenty of room for you to address your own needs and wishes, too. In other words, you…
Choosing the right person for a power of attorney
When you choose someone to be your power of attorney, whether you’re considering a medical situation or the need to carry out financial processes, you need to make sure you have the right person. This may be a family member…
3 reasons why people may choose to put off estate planning
Frequently, people neglect to consider what will happen in the event of their death. Often, this is due to a perceived morbidity over estate planning. However, estate planning can actually have a positive emotional impact and could also offer security…
Revocable vs. irrevocable trusts: The differences
A trust is a legal arrangement whereby a third party holds your assets on behalf of one or more beneficiaries. Trusts can be established to transfer assets to heirs seamlessly. With the proper setup, a trust may also be beneficial…
Some tips on estate planning and avoiding probate
Those who have heard the term probate in estate planning know that it is advisable to avoid it. But why should you avoid probate? Is there a minimum amount of assets that trigger probate? With a will, is probate necessary?…
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