Most people do have some assets that make up their estate, even if there aren’t many assets in total. However, sometimes these assets may not leave behind enough liquidity for your loved ones to make important decisions in the aftermath of your death. For this reason, among others, you might want a life insurance policy… Read More »
Blog Posts Page 3
Women Need Estate Planning, Married or Not
Estate planning is important for everyone, but it’s especially crucial for women to consider. Too many women are left picking up the pieces after their spouse passes away, and they may suddenly have to make many decisions about how they’ll support themselves and manage the assets they receive in probate and elsewhere. Women must pay… Read More »
What Does a Buy-Sell Agreement Mean for Business Succession?
Business succession planning is the process through which you determine what will happen to the future of your company, as well as who may be involved in making these important decisions. If you need to exit, one way to do this is to structure a buy-sell agreement. Your buy-sell agreement is a very important document… Read More »
Have You Overlooked This Aspect of Your Retirement and Financial Planning?
What if there’s a period in your life in which you can’t keep up with financial management? Most people hope this never happens to them, and if it does, their loved ones are stuck trying to get the authority through the court. That might only make a difficult situation worse. Targeting an ideal retirement age… Read More »
Are Your Estate Plan Assets at Risk with Future Retirement and Health Care Costs?
Do you have a plan for which members of your family and other people may receive assets from your estate? Have you documented these wishes and talked it over with the beneficiaries who may receive them? Don’t forget the possibility that these assets may change in value or shift as your life calls… Read More »
Avoiding Distribution of Inheritance Disputes
Unfortunately, when someone passes away, this can cause disputes among family members who may have been under the impression they would receive assets differently. Working with a qualified estate planning attorney is one of the best ways to protect your loved ones and ensure that they understand your intentions when crafting your estate. Working with… Read More »
What Is a Professional Private Fiduciary?
Are you creating a trust to help provide for the transfer of your assets in the future? If so, depending on the kind you create, you might name yourself as the trustee in the short term, or you might need to name someone else now or in the future. The trustee is the administrator of… Read More »
Study Finds More Americans Are Forced into Early Retirement
Your retirement date is something you think about throughout your working life, and something that is typically crafted after careful consideration of things like qualifying for social security, whether you’ve saved enough money and whether or not your spouse is working. An early retirement could significantly disrupt your income and retirement planning but may also… Read More »
Four Reasons It’s Dangerous to Rely Solely on A Will as An Entrepreneur
Entrepreneurs have unique personal and business-related planning challenges. An entrepreneur must create an individual estate plan as well as think about the possibility for succession planning, which outlines what happens to the business if they need to make a sudden exit. Because of the many factors involved in estate planning and succession planning, it can… Read More »
Own a Special Collection? Make Sure You Have a Thorough Inventory
If you own artwork or a collection that has substantial value for you or your loved ones, it is very important to think about creating an inventory and specific estate plan goals for this collection. The first step in ensuring a successful transfer or management of these assets after you pass away is to create… Read More »
Planning To Sell Your Business Someday? Start with Succession Planning
Plenty of entrepreneurs and small business owners love what they do, making it hard to see the end of their time in the business. It’s a big reason why succession planning gets overlooked. But if you know that someday you’ll no longer be involved, you can do more to make your transition period successful. Perhaps… Read More »
How Does a Durable Power of Attorney Work in CA?
There are many different common estate planning documents that you may need to ensure that someone is named to handle making decisions on your behalf or managing your affairs if something happens to you. Many people recognize one of the core components of estate planning is documenting what happens to your assets and who will… Read More »
What Does an Agent Responsible for My Medical Wishes Need to Know?
What if you could receive medical treatment, but you’re not able to share those wishes on your own? Most people hope to never be in this situation, but it could become a reality for you and your family. You don’t want your loved ones trying to figure out what you want or arguing with one… Read More »
Options To Consider for Your Vacation Home in Estate Planning
Passing on an asset to your loved ones may be a primary reason for you to make an investment and something you think about when creating your estate plan. However, you may not yet be ready to transfer your family vacation home to the next generation while your loved ones are still enjoying it, or… Read More »
Three Things to Consider Before Planning to Move Abroad
It’s increasingly popular for people of all ages, and especially those who are digital nomads or are contemplating retirement, to think about moving their entire life abroad. There are specific financial and planning steps you need to take to ensure that you have covered all of your bases before moving to another country. These include… Read More »
Who Are the Reliable People Who Will Help You as Part of Your Estate Plan?
Your estate plan is about so much more than you and your wishes. It’s also about supporting other people and choosing which people will play a role in handling your affairs. Knowing that you have reliable people in your life who recognize their potential and are interested in helping you in the event of an… Read More »
Retirement Plans and Estate Plans: A Winning Combination
Both your estate plan and your retirement plan can assist you during your life and may also have implications for other people after you pass away. Your retirement and estate planning should be customized and specific to you. Following generic rules or tips you’ve heard from others in your life may not apply to your… Read More »
How To Infuse Your Estate Plan with Your Values
Incorporating all of your estate planning documents is the foundation of determining what you want to happen to your property after you pass away. But estate planning is also about so much more. If you want to promote your values after you’re gone, you may choose to put a part or all of your estate… Read More »
What Are the Risks of A DIY Will?
You might think that having some plan for your estate is certainly better than nothing, but you may not realize the potential mistakes or challenges that can emerge with a DIY will. In the past several years, a number of different websites and downloadable forms have been used by people who wind up not being… Read More »
What To Look for When Reviewing Your Will
A will is not a one-and-done document. It requires adjusting to your needs over time, especially if the assets or people involved in your initial will no longer apply to your current situation. It’s good practice to evaluate your estate planning documents at least on an annual basis. Anytime you have a substantial change in… Read More »
