There are numerous legal and financial obligations that arise during estate administration. The personal representative of the estate must notify creditors about probate proceedings and resolve someone's financial liabilities with estate assets. They will also need to...
Year: 2022
3 reasons middle-class adults decide to create trusts
Your California estate plan can be as simple or complicated as you want to make it. The more family members and assets you have to consider, the more involved your plan might become. For many people in California, a simple will is not adequate for their estate...
Thinking of using a DIY estate plan?
A quick search on the internet will bring up a variety of “do it yourself” estate planning websites. While you might be tempted to use a site like this to make your final plans, you could run into some serious problems. You could end up leaving out some very...
Estate planning basics
Estate planning is one of those things that everyone should do in order to ensure that their wishes are carried out when they pass away. Unfortunately, many people don’t know where to begin or simply don’t want to deal with making plans for their future heirs. They...
Paying creditors is an important part of estate administration
When someone dies in California, both their personal property and their debts become part of their estate. What happens to those assets depends on the circumstances of the testator when they died, the instructions in their estate plan and California state law. The...
Is it time to revise my will?
A will is an important document in which you are able to specify what you want to be done with your estate upon your passing. From time to time, it’s a good idea to review it and make changes to reflect the current circumstances of your life. Anytime you experience a...
How do you choose a guardian for your minor children?
One of the primary reasons for creating a will is to ensure that your loved ones are taken care of when you are no longer around. If you are a parent to minor children, it is even more important that you have a will. Besides ensuring that your little ones have an...
Including your children in the estate planning process
It is not uncommon for children to feel uncomfortable when their parents bring up estate planning topics. Naturally, they don’t want to think about something happening to you, or the day that you are no longer around. Nonetheless, this is an important discussion that...
An estate plan should reflect your current circumstances
While estate planning is extremely important, it is not an easy topic to approach directly. Nobody wants to think about their own death, but the benefits of a sound estate plan far outweigh the negatives. When you have finally made that positive step and tackled your...
Life insurance and your estate plan
If you have a life insurance policy and you're doing your estate planning, you're likely thinking about how the two are going to work together. In fact, that life insurance policy may be one of the most valuable assets that you own. One thing that you need to make...