Trusts are a vital component of many estate plans, offering flexibility, control and protection of assets for future generations. They serve various purposes, as there are several types, each designed to meet specific needs and objectives. Understanding how trusts...
Estate Planning
3 things to check in your estate plan after divorce
Going through a divorce is a significant life change that affects many areas of your life. Once the divorce decree is finalized, you must consider your estate plan. If you had one while married, it likely doesn’t contain the terms you want now. There are a few points...
How to choose an executor for your estate
Think of the executor of your will as its custodian, entrusted with safeguarding and executing your final directives. Therefore, it is essential to make deliberate considerations when choosing an executor, given the sensitivity of the role. Beyond the legal...
4 factors to consider when choosing a guardian for your child
Naming a guardian for your minor child is a crucial step when creating an estate plan. It's vital to designate someone to take care of your child when you are unable to. But you should make the right choice to ensure your kids are protected as intended. Here are four...
What are living trust mills?
Living trusts are helpful estate planning tools that allow you to organize your assets and their distribution after death. Some could benefit significantly from these options, but they are not for everyone. Others might have more losses than benefits if their estate...
How to prevent will disputes
A will is a fundamental component of any estate plan. This document determines who will inherit your assets. You can also utilize a will to designate guardians for your minor children and much more. Nonetheless, a will is only effective if it truly carries out your...
Can an executor’s bond be waived in California?
A personal representative/executor will manage an estate when probate time comes. They will be in charge of money and assets – they will pay debts and taxes and can sell property if it's specified by the will or authorized by the court. Due to the criticalness of an...
Guardianship in estate planning
An estate plan does more than allow you to distribute your assets -it lets you name a guardian who can take care of your minor children if you become incapacitated or die. You can name your chosen party in your will or draft a separate guardianship designation...
Why should you have an estate plan?
A common misconception is that estate plans are only for people with sizeable estates, multiple houses and valuable assets. While they will require more help creating a comprehensive estate plan due to the complexities of their estate, they are not the only ones who...
Getting a parent to create an estate plan without undue influence
As the parents of adult children move further into their middle age and senior years, even if they’re fully cognitive and relatively healthy, stubbornness can be an issue when it comes to addressing pressing legal matters. It can seem to many adult children like the...