Studies consistently show that most Americans do not have an estate plan. You may not think you need one because you do not own much property, or you may not like to think about the end of your life. Nevertheless, failure to create an estate plan could cause your...
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Month: October 2021
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Are you choosing your executor wisely?
One of the most important roles you have to fill when creating your estate plan is the executor. According to CNBC, the executor has a lot of control and responsibility. The executor files your will, pays off your debts, distributes your assets and closes your...
The purpose of an irrevocable life insurance trust
California residents preparing to start their estate plans might hear a lot about the best way to avoid probate. One of the most popular ways to avoid probate is an irrevocable life insurance trust. An irrevocable life insurance trust is funded with at least one life...