Life can be unpredictable. You may not relish dwelling on the possibility of illness or incapacity. However, taking steps to prepare for such situations demonstrates foresight and helps protect your loved ones. One crucial element of this preparation is designating...
Month: April 2024
Many millennials have put off estate planning
If you are a millennial living in California, chances are you haven't given estate planning a thought. A recent survey of 15,000 millennials by Trust & Will indicates that three-fifths of their generation don't have a will and still need to set up trusts to pass...
How should you factor your royalties into estate planning?
Royalties, often associated with creative works or mineral rights, play a role in many California estate plans. It is important to understand their implications. This way, you can strategize when you conduct estate planning and maximize inheritances. Incorporating...
Estate planning and the “third-generation curse”
California residents will pass a tremendous amount of wealth to their heirs in the next two decades as they direct assets to their children and grandchildren through estate plans. Yet, sometimes, those inheriting significant wealth mismanage it, leaving little to...