Your estate planning documents are crucial, as they contain sensitive information. Thus, you want to store them in a safe place. Below are three places to consider: 1. Your home Storing your estate planning documents at home allows you to access them easily. But where...
It's not unusual for some people to utilize complex structures for asset protection and succession planning when creating estate plans. However, the introduction of the Corporate Transparency Act (CTA) and the legal scrutiny it brings to business entities can...
After you pass away, the assets you leave behind will go through a legal process called probate, unless you take steps to avoid it. Probate involves validating your will (if you have one), paying off debts and distributing your assets to heirs. Probate can take time...
Estate planning can be complicated. Between distributing your assets and drafting documents that comply with the law, you may find it challenging. However, it is important to get it right for the person you entrust to execute it and for those you leave behind. A few...
If you’re one of the many Californians who doesn’t have an estate plan because you assume you’ve still got “plenty of time” before you need to decide who will inherit your assets, it’s important to remember that estate planning is about more than what happens after...
Estate planning is a crucial process that involves making decisions about how your assets will be managed and distributed both during your lifetime and after your death. If you are a parent, your children will likely be responsible for the management of your estate...
Estate planning laws are always going through changes, and 2024 isn’t any exception. Sometimes, people need to pass down part of their estate prior to their death. One way to do this is through gifting. Laws related to gifting limits went through a change in 2024....
We all want to leave as much inheritance as possible to the people we love when we die. This is the essence of estate planning. However, the process of transferring your estate to your beneficiaries (known as probate) costs money. Thus, while working out your estate...
If you have worked hard your entire life, it’s only sensible that you make clear what you want to happen to your estate when you die. This is where will creation comes in. Without a will, California intestacy laws would kick in and determine who gets to inherit your...
An eligible designated beneficiary refers to an individual designated as a retirement account beneficiary. The designation is crucial as it provides certain tax advantages and influences the distribution of the account after the original account holder's demise....