Estate planning is an important process that, in part, clarifies how your assets will be divided should you pass away. You can also utilize an estate plan to nominate guardians for your minor children and address your healthcare needs should you become incapacitated....
Year: 2023
Reasons why it’s never too early to consider estate planning
Planning for the future is important in today’s fast-paced and unpredictable world. And estate planning is an excellent way to organize your affairs. This can ensure your wishes are respected. Unfortunately, many people mistakenly assume that estate planning is only...
Making charitable giving a part of your estate plan
You’ve given to charity in numerous ways throughout your lifetime. This is a pursuit that you hold dear and you want it to remain a part of your legacy. While much of the estate planning process centers around passing on assets to your loved ones, there can be much...
How to make estate planning more manageable
Estate planning is crucial, yet it's associated with complexity, a quality that can make some people avoid it. However, this is not entirely true. Of course, drafting estate plan documents requires knowledge and accuracy, but this does not mean it has to be difficult....
The importance of long-term care planning in your estate plan
Long-term care (LTC) planning is an integral part of an all-inclusive estate plan. Given increasing life expectancies and advancements in medical technologies, the likelihood of requiring long-term care or assistance in later life is on the rise. Without adequate...
Should you set up a living trust or a will?
You’ve worked hard and accumulated a significant amount of assets. Consequently, you are concerned about what will become of your assets when you pass on. Fortunately, there is something you can do about this. It is called estate planning. Some of the estate planning...
5 key components of an estate plan
Are you considering making an estate plan? As a testator, you want to be sure everything is ready so that your grieving loved ones or the courts aren’t left to make decisions against your wishes. But, what’s in an estate plan? Here’s what you should know: Will The...
Take care of your pets after you pass away
As a California resident, you understand how important it is to plan for the future. Estate planning ensures that your loved ones are cared for after you're gone, but have you considered the needs of your furry family members? There are several things you need to do...
What’s a revocable trust?
A revocable trust (often known as a revocable living trust or living trust) enables you to maintain control over assets while you’re alive. The primary purpose of a revocable trust is to avoid probate, which is beneficial to your heirs. This enables you to pass down...
Choosing an executor for your will
There are numerous estate planning instruments that all carry out various tasks. One of the most fundamental aspects of any estate plan is the will. This is a document that provides instructions for how your assets are to be divided upon your death. As well as having...