Do I Need a Lawyer to Draft a Will?

Your will is the foundation of your estate plan, as it directs what happens to your property after you pass away. You can also use your will for other goals, such as naming a guardian for your minor children and naming the person who will handle administration of your estate. Although you are not required… Read More »

What Is a Spendthrift Trust?

There are many reasons why you might wish to establish the use of a trust in your estate plan in California. Consulting with a qualified lawyer is extremely important for creating a trust that is aligned with your individual needs. This is because not all trusts are created equal, and you need to have a… Read More »

If I Pass Away Will My Estate Automatically Pass to My Spouse?

There are many different unique considerations associated with preparing an estate plan in California. Working with the right Pasadena estate planning lawyers can make a big impact on your ability to move forward and to protect your desires in your estate planning purpose. It is not necessarily the case that your spouse will automatically receive… Read More »

What Is the Difference Between An Irrevocable And A Revocable Beneficiary?

Life insurance policies require that you name at least one person entitled to receive the assets inside the policy when you pass away. This is known as your beneficiary, and it overrides what is stated in your will. This makes it extremely important to think carefully about your named beneficiaries. An irrevocable beneficiary is someone… Read More »

What Is the “Death Tax”?

A death tax is associated with any tax imposed on someone’s property after they pass away. This is a colloquial term that got popular in the 1990s to describe inheritance and estate taxes. In estate taxes the estate belonging to the deceased will pay the tax before the assets are transferred to the beneficiary. However,… Read More »

Four Ways of Planning for Incapacity

Most people recognize the importance of creating a comprehensive estate plan, but have you thought about incapacity? If you don’t have a plan for what happens to your care if you become unable to manage it on your own, this will fall to the courts and could add stress and delays for your family members…. Read More »