Are You Making This Mistake with Your IRA Trust?

Did you know that an IRA trust, if not properly structured, could become a disaster in terms of estate planning? Congress is currently considering eliminating the stretch IRA, which means that your financial advisors and estate planning professionals will need to rethink IRA trust estate planning. On May 23rd, the new SECURE Act was passed… Read More »

Is There A Time Limit for Contesting A Will in California?

It is recommended that if you believe you have grounds to contest a will, that you initiate this claim with the courts as soon as possible. California enables will contest to be filed on numerous different grounds by interested parties who can be creditors, heirs or beneficiaries named in the will. In order to initiate… Read More »

What Is Community Property in California?

The process of California estate planning might seem overwhelming if you’ve never done it before or if you’ve recently relocated to the state and are curious about whether or not your existing estate planning documents will do the job if and when you become incapacitated or pass away. One common question that emerges and is… Read More »

What Happens Without a Will in the State of California?

Your assets go to your closest relatives under California law in Pasadena per the intestate succession rules. Only assets that pass through your will are included under intestate succession laws. Examples of those that do not go through your will include life insurance proceeds, retirement account funds, property transfer to a living trust, payable on… Read More »

What Happens After Probate Estate Appointment in California?

After a person has been established as a personal representative for an estate in California, there are three primary responsibilities this individual must keep in mind. These include: Gathering all assets and filing an inventory and appraisal of the estate assets. Paying any taxes, debts, and liabilities of the estate. Distributing any remaining assets after… Read More »

How to Modify Your Will in California

Your will is a crucial estate planning tool that will become of utmost importance when you pass away. Many people have a will executed on their behalf to ensure that their wishes with regard to how their assets are passed along is carried out. But creating a will years ago or even six months ago… Read More »

Do I Need to Plan to Change Plans?

Is Pasadena estate planning on your adult to-do list? Bear in mind that this is not a once-and-done planning opportunity. Life changes and your estate planning strategies and documents have to be adjusted over time. Whenever your circumstances change, or whenever the law has been adjusted, you need to sit down and reassess your current… Read More »

Why Is Prince’s Estate Still Unsettled?

Are you interested in avoiding mistakes celebrities make in estate planning? The news is always full of stories of famous people who seemingly had it all- until that “all” wasn’t planned for properly. This leaves loved ones behind scrambling to figure out all the details after the famous person passes away. Three years after his… Read More »

What Are the Basics of Setting Up A Trust Fund?

If you are thinking about establishing a trust fund for your loved ones to be able to receive benefits during your life or after you pass away, understanding these basics and following through by appropriately funding the trust fund is important. Although trust funds were previously associated with high net worth people as method to… Read More »