Over the years, I’ve seen lots of people regret what they did with their inheritance. Regrets over how their inheritance was spent or how it was invested or how it was taxed or who gained access to it. Regrets over who will inherit it. And regrets about what happened to their inheritance in a divorce. … Continue reading Planning how to improve your life with your inheritance
Every parent knows how important it is to select a guardian for minor children. Many parents find this decision to be terribly stressful. Here are some tips to help with deciding whom to nominate as the guardian of your child if neither parent is living (or if both parents became incompetent). In California, there are … Continue reading Selecting the guardian for your minor child
California law states who has priority to serve as administrator of your probate estate if you died without a will and with a California estate large enough to require a California probate. Specifically, a person in the following relation to the decedent is entitled to appointment as the California administrator in the following order of priority: … Continue reading Who will be in charge of your estate if you have no will or trust?
#10. Under your existing estate planning documents, who will be charge of your financial affairs if you become ill? Who did you name as your successor trustee and as your attorneys-in-fact under your durable general power of attorney? Has your opinion changed since the time that your trust and power of attorney were signed? #9. … Continue reading 2016 Review of Your Existing Estate Plan: Top 10 Things to Review
For those new to estate planning, there can be great misunderstanding as to what your living trust will own. Often, people think that a living trust will own “all my assets.” Some think that a living trust avoids probate (“no matter what”). Legally, however, a living trust rarely owns all of your assets. For example, a living trust … Continue reading Living Trusts and Avoiding Probate