Category: Estate Planning

If you have recently experienced the death of a spouse, you know that the grief can be all-consuming. But as your grief begins to subside, you might find that the more mundane tasks associated with loss begin to surface. And one of those tasks is updating your estate plan. The complexity of...

Starting and running a business takes serious commitment and excitement for your product or service — and when you run a family business, your loved ones may share your sentiments and want to partake in the business. When you’re ready to make a plan to pass down your family business, an estate...

The family-oriented community of Palm Springs is brimming with the entrepreneurial spirit, so it makes sense that many residents are interested in starting businesses. You may even be considering starting a family business. If so, the best way to go about it is often by creating a family limited partnership (FLP). With...

If you are concerned about a family member or loved one being unable to make responsible and healthy decisions for themselves, you may be wondering if there’s a legal way to allow another individual to guide their actions. Likewise, if you’re concerned that you may at some point be subject to illness...

A living trust is a popular estate planning option for individuals with considerable assets looking to provide for multiple generations, as well as for those seeking to avoid paying estate taxes. No matter why you choose to create a living trust, the trust will only work if it has assets. A living...

Marrying another individual who has children from a previous marriage presents various unique considerations. The same can be said when you have children from a previous relationship yourself. One such consideration involves your assets and what happens to them after you die. Without an estate plan, intestate succession dictates the distribution of...

Hopefully, you will live to a ripe old age and watch your children grow from tiny tykes to wonderful, thriving adults. Sadly, life doesn’t always go the way you want it to; there is a chance, no matter how small, that you won’t survive to see your children grow up. As much as...

Many things change after a divorce. You will probably change residences, see your children part-time, and lose possession of at least some of your marital assets. And while you can fight to control these changes, they happen largely out of your control. Instead, a judge often has the last word on your final divorce...

An estate plan is a set of legal documents that describe an individual’s wishes for what will happen following their death. These documents typically discuss the distribution of their assets, wealth, and personal belongings after they pass away. Creating an estate plan is an important step for everyone, regardless of economic...

As your parents get older, you may begin to worry about who will care for them in their final years. You likely have your own responsibilities and can’t afford to be a full-time caregiver. But that doesn’t mean that you want them to suffer as old age makes it increasingly difficult for them to...