Practical And Thoughtful Legal Guidance
An attorney-in-fact is usually the person holding your power of attorney documents. People in California can name someone to do specific tasks or let them have the authority to act on your behalf if you become incapacitated. The responsibilities of the...
Whether you're single or married in California, if you have assets, it's critical to create an emergency financial file with information about them and keep it updated. Doing so helps ensure they can be accessed if you pass away. Combining this action with the estate...
As California residents age and enter retirement age, their needs for estate planning often change. When you retire from your job, it's an excellent time to establish your estate plan if you don't have one or review it to ensure it meets your current wishes. Consider...
Many California singles who might not have children also might not consider the value of estate planning. The phrase, "You can't take it with you," is a cavalier phrase that many use to disregard planning for their legacy. Many think they don't need to bother with...
If you are concerned about saving your family the lengthy probate process in California, consider a pour-over will when setting up your estate. While the process requires your assets to go through probate at your death, it stops intestate succession from occurring. It...
If you've been named an executor of an estate, be aware of the potential pitfalls of your role. While it's an important responsibility, it can also be time-consuming and emotionally taxing. Here are the top five hazards of being an executor and how to avoid them:...
California residents setting up their estate plans might be looking into setting up a trust for their loved ones. Trusts give a certain amount of protection from probate and estate taxes and make it easy to pass along assets. Many California residents might turn to a...
Many entrepreneurs know that setting up their businesses as a limited liability corporation, or LLC, can provide significant tax advantages while also protecting assets. But did you know that structuring your family business in California as an LLC is a valuable...
Estate plans are helpful, but they won’t always be enough to avoid California probate altogether. There are certain rules and restrictions that mean certain assets or whole estates are legally required to go through probate. What assets have to go through probate?...
Many California adults don't have an estate plan. While it's understandable that many people prefer not to think about death, the lack of an estate plan often results in severe stress for family members after someone dies or can no longer make decisions for...