Life is dynamic, and your financial, familial or personal situations may have evolved since you first drafted your will. Significant life transitions such as marriage, divorce, a new addition to the family or changes in financial status can significantly impact your...
Many adults have wills and other estate plan documents in place to ensure that the right parties inherit their property when they pass away. However, before family members and other beneficiaries receive estate resources, it is typically necessary to first fulfill all...
An estate planning goal for many is to find tools that help to reduce the need for probate, which is the settling of a deceased person’s estate. For example, you may bypass probate, or a portion of it, by creating and funding a living trust. However, all states have...
Estate planning often involves various instruments to manage and protect assets, including irrevocable trusts. Unlike its more flexible counterpart, the revocable trust, an irrevocable trust has terms that can't easily be changed once established. Irrevocable trusts...
Estate disputes are something that parents often want to avoid when leaving money to their direct heirs, such as their children and grandchildren. They want these people to seamlessly transition into the next stage of life and get along well for decades to come. An...
As a business owner, you can agree that contracts are the backbone of nearly every transaction. They serve as legally binding agreements that outline the terms and conditions under which parties are expected to perform their obligations. However, situations may arise...
You’ve come a long way since initially forming your company. Each year, the business has continued to expand. This has included developing your team and enlisting the assistance of a business partner. A business partnership can have numerous benefits, such as sharing...
Are you one of the many California seniors who has been able to continue living in your own home with the help of a caregiver who comes to your home and on whom you rely to maintain your general independence? You may have grown very close to this person if they’ve...
The role of an executor in the probate process is pivotal. They are essentially in charge of administering the deceased’s estate before distributing it to the intended beneficiaries. However, not all executors diligently discharge their role. An executor may deviate...
Your executor plays an integral part in your estate plan - they will ensure your wishes are fulfilled once you’re gone. However, things happen and you may eventually need to name a new executor. Here are several circumstances that may call for this: Unwillingness to...
