Creating estate plan documents, such as a will, power of attorney and others, is important in ensuring your wishes are carried out after you pass away. However, estate plans are not a “set-it-and-forget-it” process. Your estate plan should be updated to reflect the...
Estate planning is the legal process in which your assets are arranged for distribution in anticipation of your passing. This ensures your last wishes are met and your family and loved ones don’t fight over your estate. When making an estate plan, you’ll likely have a...
We all want to leave some inheritance to the people we care about when we die. This, in part, explains why you work hard after all. And as you create your wealth, one of the most important decisions you need to make is creating an estate plan. Probate is the legal...
Probate is a complex and time-consuming process that can be intimidating for estate executors. Fortunately, there are ways of avoiding probate and its associated costs to ensure the smooth transition of an estate's assets from one generation to the next. By planning...
Serving as the personal representative of an estate could be the result of accepting that responsibility or a decree by the California probate courts. In either situation, you will have to fulfill certain responsibilities in your role as the representative of an...
Maybe you believe in some kind of afterlife. How would you feel if you were to look down after you die and see your family arguing over what they believe were your final wishes and the things you left behind? You’d likely feel upset and annoyed. Even more so if you...
It's never too early to start estate planning. In fact, many people wait until it's too late. If you have parents who are getting older, it's essential to talk to them about their estate plans. This can be a difficult conversation, but it needs to be had. Tips for...
You’ve gained some valuable experience working for various firms over the years. However, you’ve always had a burning desire to be your own boss and form a company. You have an idea, projections and a list of team members who can help you grow the business. Something...
There are several kinds of trusts, including ones for pets. According to California Probate Code Section 15212, a pet trust is valid until terminated or when listed animals pass on, whichever comes first. While you’re not required to create a trust for your dog, cat...
It’s very uncommon for family businesses to make it to future generations. One study found that a full 70% of them either fold or get sold off before the second generation – the business owner’s children – take over. If you look at the next generation, that percentage...
