Category Archives: Estate Planning
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 planning,…
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…
What you need to know about ancillary probate in California
California, like the other states, has its unique estate planning laws. When a loved one dies, their estate will be wound up and distributed according to their wishes or California intestacy laws. But what happens if they had properties in…
Why you need an advance health care directive
Designating someone to have power of attorney (POA) over your health care is an important aspect of estate planning – even though it involves a time when you’re still alive, although unable to speak for yourself. This can happen at…
What are incentive trusts, and do you need one?
Incentive trusts are a trust with conditions. You can use them to incentivize a potential beneficiary to act in a certain way. You can set out particular rules when you create the trust. Then, once you die, it falls to the person…
2 considerations when choosing a power of attorney
Thinking about what should happen to your estate after you pass away can feel morbid and is a task no one wants to undertake. A better way of thinking is that good estate planning is all about being prepared for…
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