When creating an estate plan, it is important to consider the beneficiaries listed on financial accounts like retirement plans, annuities and life insurance policies before drafting a will. This is especially true in states like California that have strict community...
All California adults should have a last will and testament. It’s a crucial estate planning tool that can protect your assets, your family and your future. These are some of the biggest reasons why you need one. Purpose of a will A last will and testament is a legal...
Assets that remain in your California estate may be subject to probate. However, you may be able to avoid probate by putting your assets inside of a trust as these items are generally considered to be held outside of your estate. Trusts are considered to be either...
It is easy to assume your family will step in if you are unable to make decisions concerning your health, but in reality, too few people carry on important conversations about end-of-life care. It is important to document your end-of-life wishes through an advance...
Animals generally classify as property under Florida's statutes. Because you cannot leave your assets to property in a will, your pets or other animals you own cannot inherit your assets. You could, however, create a trust and provide instructions for your chosen...
Most Americans are aware that having a will in place, even at a young age, is a wise decision. However, many hesitate before doing so, mostly because the process often seems very overwhelming. However, it does not have to be that way. For persons with smaller estates,...
If you have a child or loved one with special needs, you may worry about his or her future without you. As a child's caregiver, you cannot guarantee that you will be there for the course of his or her life. Likewise, your children may want to try to have some...
If you are someone with significant wealth, you might have concerns about how your children will spend their inheritance, particularly if they come into it shortly after becoming legal adults. You are not alone in your worries. Other families have dealt with this...
Naming an executor is an essential aspect of a solid estate plan. This person is responsible for carrying out numerous tasks, including paying creditors, locating assets, and dispersing inheritances. Your selection must have certain qualities to carry out these tasks...
Many families may see estate planning as a task that they perform once. However, a family's circumstances may change over the years. People should update their will so that it always reflects their current situation. There are several reasons why families may need to...
