With so much of your life likely spent online, it comes to reason that you probably have substantial digital assets that should be included in your estate plan. But it might not be easy to tell what’s a digital asset and what’s worthy of planning for. A digital asset can be thought of as an… Read More »
Blog Posts Page 3
Recognizing the Different Stages of Elder Law Planning
Elder law planning implies with its very name that it is a service most associated with the elderly. However, thinking about this process is something you only need to consider after you reach age 65 could set you and your loved ones up for unnecessary conflict and stress. While many of the issues discussed in… Read More »
How to Use Your Family’s Needs to Start the Estate Planning Process
One common reason for overlooking estate planning is because it feels overwhelming. You might even assume that you don’t have enough assets or substantial enough assets to warrant estate planning. The truth is that no matter the volume of your assets or wealth, you and your family can benefit from the estate planning process and… Read More »
What’s Your Financial Wellness Score?
Unfortunately, the pandemic has brought to light many different gaps in existing estate plans and overall financial wellbeing. The bull market bubble was burst with the global pandemic and this means that you need to take a careful look at your own estate planning There are many different components of being considered financially well. One… Read More »
What Is Inheritance Theft?
Inheritance theft can occur in many different forms and can create serious challenges for your estate and probate planning. Whether it’s destroying or forging documents or undocumented loans, there are a few ways that someone in your family could actually hijack an inheritance intended for you. Many contested probate cases end up being between a… Read More »
Am I Able to Transfer Any of My Property Without Going Through Probate?
Transferring real estate can be complicated, especially if you don’t have the help of an experienced estate planning attorney. If you are interested in transferring your home without probate, you might add on the other party as a joint tenant or use a trust. Either way, when structured properly, can be effective in the property… Read More »
Announcing The Sort Of Grand Reopening Of The Pasadena Law Group Office
I hope all of my readers continue to be well. I write to let you know that, beginning in July, we will be able to meet face-to-face with you! I’m looking forward to seeing you again. California and Pasadena’s reopening orders now allow office businesses to reopen, as long as appropriate safety measures are taken…. Read More »
Estate Planning Tips to Consider as You Prepare to Welcome a New Baby
Adding a baby to your family for the first time can be an overwhelming, exciting and heartfelt experience. How you approach it with the support of friends and family can make it seem as though there are many details to keep track of. Acquiring all of the things that you need to welcome this new… Read More »
What You Need to Know About Transferring Business Interests During a Recession
Many people are concerned about the long term impacts financially in America and around the world as a result of Covid-19. For business owners, this often means taking a step back and thinking about the strategy around estate planning. There are a few different ways that business owners can contemplate estate planning, such as transferring… Read More »
Opportunities with AI and Estate Planning Could Be Around the Corner
According to the Federal Trade Commission, there has been a significant increase in digital fraud and identity theft. The FTC has received over 18,000 pandemic related fraud reports since the beginning of 2020. As a result, many companies have taken a significant step forward with regard to digital ID innovation and companies across the board… Read More »
The Biggest Reasons Why Millennials Still Need an Estate Plan
Even older people who are quickly approaching retirement in their golden years are likely to skip out on the estate planning process but some of those most likely to believe there’s no benefit to them doing estate planning are millennials. Studies show that Millennials are on track to make the most house purchases this year,… Read More »
What Are Your Options for Creating a Will in California?
You can go the DIY route when creating a will, but there are many different reasons why this is not recommended. The do-it-yourself version of creating a will in California is to locate the California statutory forms online and to complete them on your own. Remember that you will need to have witnesses for this… Read More »
CARES Act Has Benefits for Charitable Donors
High net worth clients often turn to charitable giving as a way to advance their philanthropic goals and to accomplish estate planning intentions too. There are some new tax benefits available due to the CARES Act. High net worth clients might consider maintaining or increasing the amount they are donating to charity this year because… Read More »
Creating a Trust in California: What to Know
In creating your will, it was probably relatively simple to gather together all of your assets and spell out how you wish for them to be transferred after you pass away. However, if you are setting up a trust this will involve some more steps than simply a will. You will need to create a… Read More »
How to Find the Right Person to Succeed You in a Company
You already know that you need a business succession plan and perhaps have even taken the initial steps to start documenting what this might look like if you were to leave the company voluntarily or as a result of disability or other incident. The next stage is to consider potential successors to determine whether or… Read More »
Ensuring a Smooth Transfer of Wealth
Much of the country’s wealth is still owned by baby boomers even though millennials are picking up speed in other areas. According to a recent study, baby boomers will stay the wealthiest generation in America until at least 2030 and it’s anticipated that over $60 trillion of their wealth will be transferred to heirs in… Read More »
What You Need to Know About the Social Security Administration and Power of Attorney Documents
Unfortunately, one of the things that can easily become a big mistake in your otherwise well thought out estate plan, are Social Security benefits. A financial power of attorney is a crucial document for your estate plan because it empowers somebody else to manage your finances when you are no longer able to do so…. Read More »
What Should You Reconsider in Your Estate Plan as A Result of The Pandemic?
The Coronavirus pandemic has caused many people to step back and think in a bigger picture way above their estate plan. There are many aspects of this crisis that can call out certain weaknesses in your estate planning documents and now is the time to re-evaluate these. In certain estate planning documents, the language that… Read More »
Do You Have a CEO Succession Plan for Your Business?
Are you intending to sell your business in the near future and are curious about the best way to protect your company and ensure that you have a proper exit plan? You need to think carefully about your CEO succession plan. This is especially true if you are nearing retirement age and are looking to… Read More »
What is This Document For, Anyway? Your Estate Planning Primer Part 1 — Advance Health Care Directives
I hope all of my readers continue to be well. I want to thank everyone for your responses to the email blasts I’ve sent over the past two months in response to the COVID-19 pandemic. Your comments been quite encouraging and it’s nice to know that what I have been writing has been helpful to… Read More »