Divorce changes many aspects of life. One thing that you might not think about right away is having to rewrite your estate plan. While you might be tempted to do this before the divorce is finalized, there are several things that you can’t update until after the...
Year: 2021
What is a power of attorney?
People who are creating an estate plan usually focus on passing out their assets to their loved ones. While that’s one of the main goals of estate planning, there’s much more that you should think about when you’re getting your plan together. One component of an...
Do you need to put your debts in your estate plan?
When you start drafting your estate plan, you begin by looking at all the assets that you own and taking an inventory. You then decide on what you want to do with those assets, whether you're looking to leave them directly to your heirs or to put them in a trust....
Agreeing on expectations for the babysitter after divorce
If you share custody of your children, you’ll want to spend as much of your allocated parenting time with them as possible. However, you’ll probably still need a babysitter from time to time. If one or both of you is moving to another part of the city, your current...
Should you hire a private investigator for your divorce?
Private investigators (PIs) aren’t as commonly used by those considering divorce or in the midst of a divorce as they used to be. For one thing, with no-fault divorce now the norm, even if you have evidence that your spouse is cheating on you, it’s likely not going to...
How can you plan for an heir who isn’t good with money?
You have always put a lot of thought into how you use and save your money, making wise financial decisions for decades. This has helped you amass a fair amount of wealth, and you’re happy with your lifestyle. As you grow older and begin making an estate plan, though,...
What’s the best way to approach your parents about estate planning?
As the child of an aging parent, you're likely thankful that they've maintained good enough health to continue taking care of themselves without any outside intervention. You may worry about the future, though. You might want to ensure that they have an estate plan in...
Just what is “community property?”
If you and your spouse are looking into a divorce right now, one of the things you should know is that you are in a community property state. If you haven’t ever heard this term before, it can be confusing. Community property states believe that each person in a...
What happens if you hide assets during your divorce in California?
Divorce is one of the most draining experiences you can ever go through. Besides the emotional stress and pain, the financial implications of a divorce can also be taxing. Property division is usually one of the most contentious issues during the divorce process. It...
New parents need an estate plan
The birth of a new child really changes your life. You have to think about how to take care of someone who is completely dependent on you. You need to adjust your schedule -- especially your sleep schedule. It can feel like there is just so much to consider. As you...