Do you know what happens to your estate planning documents or your assets after you pass away? If you haven’t taken the time to answer this question, the court might be more in control of these decisions than you think. The more planning you can put into preparing for or avoiding probate, the easier it… Read More »
Blog Posts Page 4
Why Would I Use an Advanced Health Care Directive?
Have you thought about whether there are certain medical procedures you don’t want in the future? Are you concerned about whether your family members would be put into a difficult situation trying to figure out whether you wanted life-sustaining care or worse, can’t agree with one another on the best course of action if your… Read More »
Should a Lawyer Manage My Trust?
Hiring a California estate planning attorney to manage your trust accounts is a common tactic employed by those wanting a professional working on these important accounts. There are three common scenarios in which an attorney will become responsible for a trust account. These include: In conjunction with a payment from a settlement. To manage the… Read More »
Should You Name a Guardian for Your Minor Child?
No parent wants to think about the possibility that they might not be around to raise their children to age 18. It is extremely important, however, to ensure that you have a plan to name a guardian for minor child in case something happens to you as a single parent or in case something happens… Read More »
What You Should Know About Changing Beneficiaries
Most people know that their estate plans will evolve over the course of time. This is why you cannot be the process of Estate Planning in California as one that you sit down in accomplish only once. It is very important to have an ongoing relationship with your Pasadena estate planning attorney so that you… Read More »
Primary and Contingent Beneficiaries: What Are They?
One of the ways in which the distinction between a primary and contingent beneficiary comes up is in the context of your life insurance policy. A primary beneficiary is the individual or group of individuals that you hope will receive the benefits of such a policy after you pass away. However, those people might no… Read More »
Coordinating Your Plans Across Generations? Make Sure to Follow These Steps
At our Pasadena estate planning office, we believe that inter-generational estate planning is critical. It’s about more than just looking forward to only one generation. These plans help heirs be prepared to manage and preserve assets well into the future even after they are gone. Five different steps need to be incorporated into your inter-generational… Read More »
Three Retirement Related Expenses That You Can’t Afford to Forget
You probably visualize some of the most positive aspects of retirement as being able to spend more time on your hobbies, visiting with your family members, or traveling the world. But don’t forget about the possibility of big expenses that could hit you or your loved ones harder as you enter older ages. These are… Read More »
Do Doctors in California Really Need Asset Protection Planning?
Financial practices should be an important component of your overall plan as a doctor. There’s no doubt that you’ve already been through a great deal of work, education and training to get where you are today and it’s simple to overlook the possibility of protecting the assets you’ve worked so hard to create. However, if… Read More »
California Ranks Number 5 for Best States with Nursing Home Care
There are many different financial and lifestyle considerations to be evaluated as you approach retirement and your golden years. This includes the possibility of transitioning into full time nursing home care at some point. Whether you are currently evaluating nursing homes for a loved one, a parent, or for yourself, you want to ensure that… Read More »
You Have to Make a Plan for Yourself with Long Term Care
More baby boomers in California than ever have become caregivers for their parents and their loved ones, which means that the realities of the work required and the costs involved are sinking in. Even if you’re currently busy managing the care for one of your own loved ones, it’s important to create a plan for… Read More »
New Study Highlights Ability to Detect Alzheimer’s Earlier
Alzheimer’s is a serious medical condition that has far reaching impacts for the effected person and his or her family members. Increasing research projects have been dedicated to better understanding Alzheimer’s. The impact of cognitive decline on many areas of your life, including estate planning, can have important ramifications over whether or not wills, trusts… Read More »
What Key Decisions Affect Your Elder Law Planning in California?
Whether you are thinking about caring for your own aging parents, contemplating your choices for long term care or facing retirement, experienced elder law attorneys in Pasadena can help you to review these issues and align them with a comprehensive plan to ensure that your preferences and wishes are honored in the future. There are… Read More »
Why Do Business Planning and Estate Planning Go Hand-In-Hand?
If you are a resident of California, who also owns your own business, it is critical to understand how business planning and estate planning are connected. These go hand-in-hand. As a business owner, however, you might find that it’s challenging to be proactive because you don’t see the connection between these two planning opportunities. Many… Read More »
What Do You Need to Consider with Asset Protection Planning in California?
Unfortunately, California has earned a reputation as being one of the most litigious states all over the country. Another common issue that affects how many people engage in asset protection planning within the state is the fact that the divorce rate is over 60%. Those individuals who are in high risk professions, of which there… Read More »
What if I Want to Update My Will?
Crossing off “create will” from your to-do list is really just the first step with estate planning. In order to stay on top of all aspects of your planning, you must continue to revisit your documents and verify they still reflect the most recent version of your wishes. It’s not uncommon to want to revoke… Read More »
How Can My Beneficiary Designations Go Wrong?
You should never overlook the impact of your beneficiary designations in your estate plan. After you have assigned all of your estate planning documents, you need to build in regular review dates on your calendar to verify that your beneficiary designations are kept up to date with the rest of your estate plan. Some people… Read More »
What Are the Most Important Components of My California Estate Plan?
The majority of California estate plans consist of some or all of the following documents. Based on your specific situation, your California estate planning attorney might also make specific recommendations and suggest additional documents that might need to be prepared. Sitting down with a qualified estate planning lawyer is critical during this planning process. The… Read More »
What Is Probate’s Impact On Seniors?
As a senior, planning for your estate and probate could help your loved ones through a very difficult time. Thinking about the details ahead of time reduces the possibility for family conflicts surrounding your intentions and can also speed up the process. Although estate planning and long term care have gained increasing focus from researchers,… Read More »
What Are the Top Questions You Should Ask Before Creating a Living Will?
Any form of estate planning can be confusing to approach, but the support of an experienced Pasadena estate planning lawyer can help make this process easier to understand and more enjoyable because it will give you peace of mind that you have been able to articulate your wishes properly. Creating a living will is one… Read More »