What happens to debts after one's passing is often a source of concern for California residents who are planning their estate. Individuals should understand that debts do not simply disappear when a person dies, as they generally need to be addressed as part of the...
estate planning
401(k)s when no beneficiaries are named
Many individuals in California contribute to a 401(k) account in an attempt to plan for their future and have money set aside for retirement. However, it is essential to understand what happens to a person's 401(k) if they pass away without naming a beneficiary....
How intellectual property affects your estate plan
If your California estate includes intellectual property, then there are additional considerations when you’re writing an estate plan. You may want to name beneficiaries for your intellectual property and estimate the potential costs that they’ll incur, such as patent...
Estate planning is crucial for tech entrepreneurs
Founding a startup in California is the ultimate dream for many tech entrepreneurs. Closely allied with this vision is the desire to make sure that company survives long after you are gone. You can employ several methods to confirm that both goals are realized....
Estate planning tips for single people
It’s widely believed that only married people and those with children need to worry about estate planning. However, all California residents, even those who are single, should take steps to plan for the future. These are tips that singles can take in this regard....
Transferring credit card points after a cardholder dies
When a California resident passes away, the credit card reward points and airline miles they accumulated are sometimes worth a significant amount. This is especially true if they used a particular card whenever possible to earn elite or premium status. Credit card...
What is a power of attorney?
At any moment, you may become incapacitated and unable to care for yourself. Whether these are temporary conditions or linger, other aspects of your life need some form of continuity. A power of attorney allows you to decide who will have the authority to perform...
The times to consider changing your executor
You are among the well-prepared when it comes to estate planning. Your estate plan is in place, you make regular updates to it, and you know that by doing so you are protecting your assets and family. But now you encounter a change that you had not expected so soon....
Estate planning considerations for second marriages
A second chance at marital bliss may come with a lot of stress that you did not foresee. Creating an estate plan as a blended family may leave both of you confused about how you can take care of your children and each other. With a blended family situation, there are...
Should you put your will in a safe deposit box?
Too many Americans procrastinate when it comes to writing their wills. In fact, according to reporting from CNBC, almost 70% of adults in the U.S. have not yet finalized one. If you belong to the exclusive group of responsible will writers, you might wonder where you...