Category Archives: Estate Planning
Here’s How A California Divorce Will Affect Your Estate Plan
If you are currently going through a divorce, you must keep in mind that divorce can impact your future plans, including your estate plan. If you signed a will while married, chances are, you left possessions and/or money to your spouse. Also, chances are, if you made a will while you were married, you… Read More »
Do You Own A Family Business? Here’s Why You Should Consider A Living Trust?
According to the first 2019/2020 Global Entrepreneurship Monitor (GEM) report, families own and manage most businesses worldwide. It is estimated that 81% of mature business owners and 75% of entrepreneurs co-manage and/or co-own their businesses with some members of their family. Additionally, more than 60% of mature business owners acknowledged that most of their… Read More »
Here’s Why You Need A California Estate Plan Even If You Don’t Have Children
One of the most prevalent misconceptions about estate planning is that estate planning is only crucial for couples and individuals with children. For most people, having a child is what makes them know that it’s time for estate planning. However, in reality, children should not be the sole indicator that you need an estate… Read More »
3 Crucial Estate Planning Tips For Blended Families
Family life is constantly changing, and according to Pew Research Center, blended families are more common in the United States. Blended families are generally more common in the United States because of divorce and remarriage. Approximately one out of six children in America lives in a blended family. This is a family where a… Read More »
Can Parents Unequally Divide Assets Among Their Children?
If you have assets, it is up to you to decide who inherits what after your passing. When you have children, making such a decision can be extremely difficult, especially if you are closer to one child and not close to the other(s). Also, deciding what to live for each child can be difficult… Read More »
Can A Beneficiary Also Be A Trustee In California?
A trustor/settlor/grantor may choose to set up a trust for various reasons, and the fact that a trust can be set up for many reasons is one of the things that makes this estate planning tool quite exciting. Generally speaking, a California trust can help a trustor accomplish nearly any goal they have with… Read More »
Reasons To Amend Your California Revocable Living Trust
If you already set up a revocable living trust for you and your family, congratulations! A trust-based estate plan comes with several advantages to both estate owners and the people who stand to inherit. However, a living trust is only practical if it is up-to-date with your needs/wishes and the needs of your loved… Read More »
Why Your Adult Child Needs A Will
As a parent, your number one desire is that your children are cared for after your death. Because of that, you most likely already have a will in place. You probably even have updated your will to make sure it meets your needs and those of your children. With a will in place, you… Read More »