More than ever, people are attracted to the concept of retiring outside of the United States. There are some complications that must be considered before you make the jump, however. According to the Social Security Administration, the number of people retiring abroad has increased significantly in the last decade. It’s expected that more than half… Read More »
Blog Posts Page 6
Should Long Term Care Insurance Be Part of My Estate Plan?
The primary motivation for most people to invest and save is to give you the appropriate financial resources to support you in retirement. However, looking only ahead at retirement means that you might miss out on important opportunities to plan, such as what might occur in the event that you or your spouse needs long… Read More »
Understanding the Charitable Remainder Trust
Trusts can be set up for your own individual circumstances and for the benefit of your future heirs, but you might also wish to pass assets on to a charity you support. A charitable remainder trust is the most common type of charitable trust. The first stage of this is to sit down with a… Read More »
How to Use an Asset Protection Trust
Trusts are one of the most common tools referenced by people in a variety of different financial situations who wish to provide a greater level of flexibility and control over the assets they place inside. Another common reason to establish a trust is to help to protect the assets inside it from being seized by… Read More »
What Are the Different Types of Trusts in California?
There are many different types of trusts that can be used for estate planning purposes. In this three part series you’ll learn more about some of the most common types of trusts you might consider and how to consult with an experienced Pasadena estate planning lawyer to decide what is right for you. And today’s… Read More »
Do I Really Need A Buy/Sell Agreement for The Purposes of Business Succession Planning?
As a California business owner, you have probably put a lot of blood, sweat and tears into developing your company. It’s equally important to identify who you want to succeed you in the ownership of your business. You must also decide how that individual will step in to receive an ownership business. If that successor… Read More »
Could Your Elderly Loved One Be Exposed to Financial Fraud?
Thinking about the process of aging often sparks many people’s concerns about physical or even mental decline in abilities. However, elder fraud cases are becoming an increasingly common issue across the country. If you have an elderly loved one in California, it’s important to be aware about how they could be targeted for potential elder… Read More »
How You Talked About Estate Planning or Taken the Next Step?
Every year, Caring.com evaluates how people feel about estate planning in the United States and how many of them have taken any necessary steps to be proactive about key estate planning documents. One of the most notable findings from the 2019 study, which involved more than 1,000 adults across the country, is that more half… Read More »
Do I Really Need A Financial Power of Attorney in California?
So you’ve heard that you need to have a financial power of attorney, but you’re not exactly sure how this could benefit you in the state of California. There are many different benefits associated with putting together a financial power of attorney, but it might not yet be clear to you why you should have… Read More »
What Does a Living Trust Really Do for Me?
Are you thinking about putting together a living trust and have already done a little bit of internet research to figure out why a living trust might make more sense for you than an irrevocable trust? Sitting down with a Pasadena estate planning lawyer can help you to walk through the stages of setting up… Read More »
Should I Use A Testamentary Bypass Trust in California?
Are you curious about the different kinds of trusts that you can use in California to pass on assets and to achieve greater control in the estate planning process? You might have concerns about a testamentary bypass trust that can be answered by a Pasadena estate planning attorney. Whether you are a business owner thinking… Read More »
When Does Intra-Family Lending Make Sense with Assets?
Sometimes skipping the challenges and the expenses associated with commercial bank loans can make good sense if someone in your family has the ability to loan you money in the short term. Attempting to make a major family purchase can be difficult for those people who are trying to approach traditional banks. This is why… Read More »
What to Do If You Receive A Substantial Windfall
If you win the billion-dollar lottery or receive some other massive inheritance, there are certainly some steps you can take to protect yourself and avoid some of the mistakes of other people who have received a massive windfall and have lost it all. Some experts in the financial industry recommend that the first thing you… Read More »
Why You Should Always Plan to Exit Your Business
Most people avoid planning their exit from their company because they are under the impression that they will never leave the business, and therefore estate planning is not necessary for the company. Many business owners take natural pride in what they’ve created over the course of the years. Some of them are so excited to… Read More »
What Questions Do You Need to Ask When You’re Handling A Loved Ones’ Estate?
If you’re appointed as the representative of a loved ones’ estate, these responsibilities must be taken seriously, and it could be a good idea to empower yourself with the insight of an experienced probate attorney to guide you through the process. A probate attorney can help explain to you this important role of serving as… Read More »
What Is a California Transfer on Death Account?
A transfer on death account is one type of asset that will pass differently than most others in the probate process. Transfer on death accounts in California can keep your estate planning intact while ensuring that your beneficiaries stay out of court. Approximately 57% of Americans today don’t have a trust or a will, which… Read More »
Don’t Forget These Financial To-Do Tasks Before Getting Married
Although it’s probably the last thing you want to think about in the months leading up to your wedding, ignoring financial planning can set both parties in a couple up for challenges. A recent survey of millennials found that 25% of respondents reported that finances cause tension inside their household, which means that it is… Read More »
What Does the Uniform Prudent Investor Act Have to Do with My Trustee?
Any California trustee has specific responsibilities in relation to his or her duties. It is important for a trustee to be aware of what is necessary to properly administer the trust and avoid violation of laws. Following the Uniform Prudent Investor Act is one of the most important aspects of service as a trustee. You… Read More »
Do I Really Need A Medical Directive?
Have you ever thought about what might happen to you in the event that you became unable to make decisions for yourself? This is one of the leading reasons to schedule a consultation with a Pasadena estate planning lawyer, to discuss the development of critical elder law documents. There are several different elder law documents… Read More »
What Should I Consider When Putting Together A Power of Attorney?
Anyone with elderly parents or approaching their own estate planning should be prepared to designate with a primary agent and a secondary agent in a power of attorney document. This means that if the primary agent is out of town or is otherwise unavailable to step in, then the decision process for addressing immediate issues… Read More »