Five Things to Consider When Creating Your Estate Plan

For the vast majority of people, estate planning does not need to be complex but the prospect of it makes it all too easy to put it off and avoid taking care of this important prospect altogether. Remember that an estate plan is not a one and done activity. It’s a set of strategies and… Read More »

Three Options for Gifting Assets to a Charity

Passing on assets to a charity has many different components and reasons behind it but the underlying goal is the same: to be able to support a charitable cause or organization that you care about. There are many different estate planning tools that can be used to accomplish this and in this blog we will… Read More »

Can a 529 Plan Be Used as An Estate Planning Tool?

It’s top of mind for any parent with a child in high school: finding a way to pay for college. But you can actually be much more proactive in planning ahead for your child’s college education using tools like a 529 plan. In addition to other strategies with your estate plan, you can help pass… Read More »

Leave a Great Gift for your Family with Estate Planning

The death of the founder of Zappos is the most recent illustration of critical mistakes that can be made in the estate planning process. Tony Hsieh was a well-known industry expert and author who passed away without a will or other estate planning documents. You can leave a lasting gift to your loved ones by… Read More »

Business Leaders Need Personal and Professional Estate Planning

Do you own a company in Pasadena? It’s your job not just to grow the company, but to protect it. There are so many different things to consider in your day to day and big picture of working as a business leader. As a successful business leader, this also contributes to the size and complexity… Read More »

Four Things to Think About When Estate Planning in a Pandemic

A one-size-fits-all approach doesn’t work for estate planning, but some of the most commonly used strategies and documents can help give you some peace of mind that you have taken the necessary steps to protect yourself. These include a financial power of attorney, a last will and testament, a living trust, and a health care… Read More »

What to Know as You Prepare to Distribute Assets to Beneficiaries

Appointed to manage the closing out of a loved one’s estate? While your loved ones might be asking what this means in terms of a timeline for them to receive certain possessions, distributing to beneficiaries is the very last step of the process. There are many different steps that must be handled in the probate… Read More »

Why You Need to Estimate Health Care Costs for Long-Term Care

Do you have a plan for what will cover your medical bills if you have an advanced condition? Your health insurance might not cover the full scope of your bills. If you need more advanced care like a room in a nursing home, you could find yourself having to make difficult decisions over your personal… Read More »

What Are the Reasons to Revoke a Living Trust?

A revocable or living trust is only active with terms established by the trust creator known as the grantor. The grantor retains the ability to update the terms of the trust, the beneficiaries on the trust or even the existence of the trust at any point in time during their life. There are a few… Read More »

What to Do After Auditing Your Estate Plan

An audit of your estate plan should be at the top of your list for an annual activity to ensure that you have considered all major changes in state and federal law as well as any adjustments in your life that might call upon you to update your documentation. An audit of your estate plan… Read More »

What If I Need to Remove a Power of Attorney Privilege?

A power of attorney document can be relatively simple to execute and can be very succinct in its powers, but this is a very powerful and important estate planning tool. This is because you’ll appoint an agent, also known as an attorney in fact, to handle activities that you may not be able to do… Read More »

Financial Concerns After Losing a Spouse

Losing a spouse can be a devastating experience regardless of your age or the circumstances. In fact, it can psychologically be one of the difficult experiences for a person to live through. While you may never truly be ready to lose a loved one, and in particular a spouse, appropriate planning well in advance of… Read More »

Doesn’t My Collection Automatically Pass to My Heirs?

Whether it’s stamps, coins or artwork, you need to plan ahead for any collections that you own that you plan to pass on or have your heirs sell when you pass away. Collections are viewed under the law as personal property. This means that if you don’t have any other plans in place, your collection… Read More »

California Spouses & Liability for Debts

It’s known that for most spouses in California, you might be planning to leave a substantial portion of your assets or estate to your spouse. But what about the other end of the spectrum when it comes to debts or liabilities? Are spouses responsible? California is what’s known as a community property state. This might… Read More »