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Estate Planning

Wednesday, October 20, 2021

Overcoming Common Fears About Passing Down Wealth


When you have worked hard over the course of your lifetime to accumulate wealth, you may worry about what will happen to it if you choose to pass it down. You may even have questions about who you wish to pass it down to. These are not uncommon fears that many people have as a result of not having the necessary conversations. Here are some of the most common fears of “sharing the wealth,” and how you can overcome them.

You’re afraid that it will create a sense of entitlement among your children.
Read more . . .


Wednesday, October 6, 2021

Estate Planning? Don’t Forget Your Digital Assets


When you are establishing your estate plan it’s important that you remember to include all of your assets. And while this may seem easy, with more and more things turned digital, it is important not to forget about your digital assets.

What Are Digital Assets?

Digital assets include any account or service online that requires you to log into it or that is protected in some other way.
Read more . . .


Wednesday, September 8, 2021

What to Know About Cash Availability Planning


Life is expensive. Money is necessary to help us in our daily lives. That’s why if you become disabled or pass away, your loved one may need to be able to access funds to continue to pay for necessities. But what can you do if all of the money is in your name or in your trust? That’s why cash availability planning is so important.

What Are Your Options?

Cash availability planning is the process of ensuring that your loved one has access to cash when you are disabled or deceased.
Read more . . .


Wednesday, August 25, 2021

Estate Planning for Single Californians


When most people think about creating an estate plan, they are focused on the distribution of their assets when they pass away. But when you are unmarried and have no children – or even no surviving family members – you may be wondering about the importance of still having a comprehensive estate plan. It’s important to understand that estate planning is as important for single Californians as it is for those who are not single. But how should it be different?

Differences to Consider

There are many differences between single and non-single people when it comes to creating a comprehensive estate plan. One of the most prevalent things is the need for a power of attorney.
Read more . . .


Wednesday, August 11, 2021

Three Big Things to Know About Your Debt When You Die


For most people, debt is an unfortunate part of life. But is it also a part of death? You may be wondering what happens to your debt after you pass away and whether it will impact your family. Here’s what you should know.

When you die, all of your assets become a part of your estate and your estate becomes responsible for your debts. The amount of time that creditors have to make a claim against the estate in California is about a year.


Read more . . .


Wednesday, June 9, 2021

Remarried? Top Tips for Estate Planning Among Blended Families


Divorce and remarriage are common and can certainly be for the best. However, blended families can make estate planning a bit more difficult. That’s why it’s so important to talk to your loved ones if you are thinking about getting married again.
Read more . . .


Wednesday, May 19, 2021

What Is a Letter of Last Instruction?


There are a lot of things to consider when it comes to estate planning. While many people consider creating a will or a trust, they don’t often know of the possibility to create a Letter of Last Instruction.

A will and a trust are legal documents that discuss how and to whom an individual wants their assets to be distributed after they pass.
Read more . . .


Wednesday, May 5, 2021

Advance Health Care Directives and End-of-Life Decisions in CA


While sometimes a bit tough to think about, it’s really important to understand Advance Health Care Directives and end-of-life decisions. After all, everyone should be entitled to live their life as they choose, right down to the very end. There are two options when it comes to end-of-life decisions: to prolong life or not to prolong life.
Read more . . .


Wednesday, March 3, 2021

5 Reasons You May Want to Hire an Attorney After a Loved One Dies


When a loved one passes away and you find that you are a beneficiary of his or her estate, you may not know whether you need an attorney or not. While there may already be an attorney involved, he or she is likely acting in the interest of either the executor (if there is a will) or the trustee (if there is a trust). So when should you consider hiring an estate planning attorney to represent you personally? Here are 5 reasons.
Read more . . .


Wednesday, January 6, 2021

Other Reasons for Estate Planning Aside from Distribution of Assets


You’ve probably heard of the importance of estate planning, but you still may not know its real purpose. It is certainly true that estate planning is used to ensure that your loved ones receive your assets and are cared for after you pass away.

When you die intestate (without a Will), you have no control over who will receive what.
Read more . . .


Wednesday, September 23, 2020

CalABLE Accounts Help Those with Special Needs


When someone is living with a disability that makes them unable to sustain gainful employment, Social Security Income (SSI), Medicaid (known as MediCal in California), and other government benefits can often help to put a roof over their head and food on their table. But in order to qualify for these benefits, the individual must make under a certain amount of money and must not have enough money to independently support them. Money sitting in their bank account can be counted against their ability to qualify.

Due to this situation, it essentially works to prevent people with special needs from building savings whether gained through inheritance, gifts or earned income. This begs the question of how can they save money without jeopardizing these benefits?

Special Needs Trust

One option is to create a Read more . . .


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