Putting together a comprehensive estate plan is an important step for residents of Northern California. The process can be complicated and involve multiple steps, which is why it is generally a good idea to get the assistance of an experienced attorney when doing initial estate planning.
How often should I review my estate plan?
People think wills are a good idea
According to a recent survey, over 3 out of 4 people across the country acknowledge that having a will is a good idea. However, only 40 percent of those asked actually had a will. Perhaps, not surprisingly, those over 65 were the most likely to have a will. The survey estimated that about 2 out of 3 people in this age group had taken the time to at least do some simple estate planning.
What is Medicaid planning and how can it help me?
Over the past decades, people have had the great blessing of being able to live longer thanks in large part to modern medical technology.
Other ways to avoid probate
This blog has previously talked about how Californians who want to avoid probate can do so. For instance, many residents of Redding may want to rely on trusts to avoid the probate process.
Why is estate planning so important for business owners?
Northern California is the home to many family businesses. While it is good when these businesses can turn a profit long enough to support one generation, it is a real point of pride when they get passed down through two or more generations.
How can an LLC help me with estate planning?
As readers of our blog probably recognize, there are lots of ways, beyond a simple will or even a trust, that Californians can use to help them with the estate planning process.
Medicaid planning explained
Many people in Northern California who are approaching retirement may also be thinking about how they are going to afford the cost of long-term care. As people age, after all, they may require the assistance of a retirement facility or of a nursing home, but these services can cost thousands of dollars a month. Most people do not have this kind of money lying around, and the money they do have they would prefer to pass on to their children or other loved ones.
What is a business succession plan?
Many people in Redding and the surrounding communities of Shasta County, California, have spent their lifetimes growing their family business in to a reliable source of income.
Helping Shasta County families plan ahead
There is more to drafting a will than many people realize, and there is more to estate planning than drafting a will.
Loved ones of beloved actor will be grateful for estate plan
Many people probably remember Actor Luke Perry from his years on the teen drama Beverly Hills 90210. His fans and supporters, needless to say his personal friends and loved ones, were likely shocked and saddened by his recent death brought on by a series of strokes.
