Your final wishes can come into conflict with a variety of state and federal laws. In our blog, we explore how current U.S. laws affect the amount of your assets that can be passed on to beneficiaries, and examine how California legislation affects Medi-Cal eligibility, probate, taxation, and other financial considerations.
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A Brief Overview of Irrevocable and Revocable TrustsEstate planning often involves the use of revocable and irrevocable trusts. Each has benefits and drawbacks depending on your goals. However, both trusts are legal arrangements to manage and distribute your property during your lifetime or afterward.
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What You Need to Know About Pet TrustsThe creation of a pet trust can provide for your horses, dogs, cats, parrots, or even more exotic pets such as snakes and lizards after you die or are no longer capable of caring for them.
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What Are the Different Types of Trusts?We often receive this question. You can use the following information to determine whether you need a trust and, if so, what type would work best for you.
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The Benefits of Living Trusts for SeniorsSeniors are often the target of financial abuse and scams, which is an unfortunate fact. Sadly, the elderly are often taken advantage of by strangers — and sometimes even their own family members.
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An Irrevocable Life Insurance Trust: Things to ConsiderConsidering that the federal estate tax exemption allowance appears to be in danger of being lowered, you might want to rethink how you plan to pass wealth to your heirs.
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Protecting Your Assets Requires a WillThe number of Americans with a will has increased marginally by only 2.5 percent in the past year, according to a survey by Caring.com.
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When Creating an Estate Plan, Here Are 5 Things to ConsiderA comprehensive estate plan is essential for all ages, but the need grows stronger as we age.
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How to Leave Money or Property to Minor ChildrenMinor children are required to have someone else manage their inheritance. Parents do not want to leave it up a probate judge to appoint someone.
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Planning for Flexibility in Your TrustEstate planning is important, because the future is uncertain. Planning for flexibility in your trust is possible, with the proper guidance.
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Estate Planning Mistake: Leaving Assets Outright to Adult ChildrenToo often, people overlook the benefits of leaving assets in trust for adult children instead of having them inherit the property outright.