Millennial clients are increasingly asking financial advisors and estate planning attorneys for information about long term care planning. Long term care planning is strongly recommended for people of all ages and general health because a sudden disability accident or illness could render you in need of long term care support. Conversations about wills and other… Read More »
Blog Posts
Can My Personal Assets Be Tapped in a Lawsuit
If you’re concerned about the possibility of someone being able to tap into your personal assets, you may need to consult with an experienced and qualified estate planning lawyer. Your estate planning lawyer should have substantial experience in the process of asset protection planning. Contrary to popular beliefs, asset protection planning is not only for… Read More »
What Influences the Cost of Living Wills?
A living will is an important estate planning document that records your long term, end of life and medical care choices. This document only comes into play when you have created it and when you are no longer able to communicate to your loved ones or your doctors about your own decisions. Sadly, far too… Read More »
My Financial Situation Has Changed. Do I Need To Update My Estate Plan?
There are many reasons why it is beneficial to update your estate plan and significant changes in your personal or professional life are just one example. If you add new children, including grandchildren, if you get married or divorced, or if you have recently moved to a new location, it’s a good idea to work… Read More »
Should I Include Stepchildren In My Estate Plan?
Blended families are increasingly common, and yet many people don’t know how to approach the subject of estate planning for previous children as well as children in the new marriage. Finding a knowledgeable estate planning attorney in your state is very important for verifying that you take care of all of the beneficiaries in your… Read More »
Is Your Business Thriving, You Definitely Need A Business Succession Plan
It’s easy to put creation of a business succession plan on the backburner when things are thriving. You may not even be contemplating an exit from the company, but setting a plan to leave in the next couple of years requires some advanced planning that you can do with a business succession expert. If your… Read More »
Are You Recently Single? Here Are Some Estate Planning Steps
A change in your marital status also should prompt updates in your estate plan. This can represent a significant change in your personal life, but it is important not to overlook the legal assignments you may have already made with your previous partner in your estate plan. Working with your financial advisor as well as… Read More »
At What Asset Level Should I Use a Revocable Trust in California?
Revocable trusts have many different benefits for people interested in estate planning in California. A revocable trust may also be referred to as a family trust or a living document, and it allows you a great deal of flexibility since you can update it over the lifetime of the person who created it. Bear in… Read More »
Why You Need to Revisit Your Estate Plan Every Three to Five Years
Major changes in your life should always prompt you to consider an update to your estate plan, but sometimes it’s easy to put this on the back burner and to forget about the possibility of what might come next. Updating your estate plan every three to five years usually means taking a look at it… Read More »
What Happens if You Get Too Sick to Make Your Own Decisions?
Many people think ahead about the future of estate planning with concerns about what happens to their assets after they pass away. This is a core component that generates most conversations around estate plans, but according to the Centers for Disease Control and Prevention, approximately one in four people in the country live with a… Read More »
Are My Funeral Burial Wishes Part of My Estate Plan?
There are plenty of directions, wishes and exact directives that you may wish to leave behind for your loved ones, and your appointed executor when you pass away. If you had the foresight to work with an estate planning attorney to architect your plans, it is also important to think about whether or not you’ve… Read More »
Transferring Property? Don’t Forget About the Tax Impacts
When you gift property to others, you may want it to be a positive experience for the person receiving it. But since everyone has unique financial considerations, you should always work with a lawyer to discuss the how and when of transferring these property types. An attorney can help you decide on the method and… Read More »
What Happens to My Pets If I Don’t Have Family Who Will Take Them When I Pass Away?
Most people think of their pets as members of their family and treat them accordingly. Your pets rely on you for everything, and it can be hard to think about what might happen to them if something were to happen to you. It is natural to be concerned about what happens to your furry friends… Read More »
What Does It Mean To Carry Out Effective Asset Protection Planning?
Where possible, you may want to discourage people from filing litigation against you in order to protect your own wealth. Asset protection planning can be considered your last line of defense for predators filing lawsuits or creditors pursuing your personal assets. Before people take any steps to insulate their wealth legally, make sure you have… Read More »
What Are Options for Passing on Illiquid Assets
If you own assets, such as real estate, heirlooms, art or other collections, you have some unique estate planning considerations. There are a few different ways to pass on these illiquid assets, and you’ll want to think carefully about your personal goals and the people who will receive these assets. In most cases, the best… Read More »
Selling Real Property During California Probate: What to Know
There may come a time after you have passed away that the personal representative appointed to your estate may need to sell real property. If you’ve already been appointed as a personal representative, you also need to know about all the rules for holding and preserving this property, what it can be sold for, and… Read More »
What Does It Mean to Disclaim an Inheritance?
Leaving behind an inheritance for a loved one might have good intentions, but it may not always be the case that the recipient wants those assets. There are many reasons why someone may not want to accept an inheritance given to them. Whether through intestate succession, through the terms of a will or through the… Read More »
Can Someone Be Removed as a Personal Representative In California?
A person who was appointed as a personal representative of an estate has the responsibility for handling many different estate administration expenses. This is why it is so important to consult with the person who has been selected to serve in this role to verify their level of comfort in taking it on. Because of… Read More »
Don’t Forget Alternate Beneficiaries And Executors
When you create your estate plan, you put a lot of time and consideration into the important people who are named in that plan. This includes naming guardians for your minor child, a power of attorney agent, trust beneficiaries and the executor or personal representative who is responsible for carrying out your wishes after you… Read More »
Stuck on How to Plan for Your Estate? Ask These Questions First
It can be overwhelming to try to create an estate plan from scratch. You might have some general goals or you might not know at all what you want to achieve and include. However, you don’t have to do this process alone. Working with a Pasadena estate planning lawyer can cut through some of the… Read More »
