Recent changes to Medi-Cal eligibility rules are affecting how people plan their estates and use living trusts in California. These changes can change how people organize their assets to qualify for benefits and protect their loved ones. It is important to understand...
Understanding the tax responsibilities of special needs trusts is crucial for effective financial planning. Special needs trusts can be either first-party or third-party, and each type has different tax implications. Knowing how taxes work with these trusts helps...
As your wealth grows in California's dynamic economy, you'll want to secure your assets and ensure they get distributed according to your wishes after you're gone. One option to consider in your estate planning is a pour-over will. Understanding how this tool works...
Including your grandchildren in your estate plans can be a wonderful way to leave a legacy for the next generation. It can help provide for their future, assist with education costs, or simply show them how much you care. Before making this decision, it’s important to...
For wealthy individuals and families in California, estate planning is more than just splitting up assets. It is a way to protect wealth, avoid problems, and create a lasting legacy. Here are three important things wealthy Californians should consider when planning...
Pets are part of the family, and many people want to make sure their pets are cared for after they're gone. A pet trust offers peace of mind by providing for a pet's care if the owner passes away or becomes unable to care for them. This legal arrangement ensures pets...
When planning for the future, many people think about writing a will. Some may consider writing it by hand in the hopes that it will save time and effort. One name for a handwritten will is a "holographic will." While California does recognize holographic wills, they...
Undue influence in estate planning can cause significant issues with any beneficiaries. Understanding the burden of proof when contesting an estate plan on the grounds of undue influence is important. This ensures clarity and protection for the estate owner’s true...
Probate refers to the court-supervised process that distributes a deceased person's estate. While some assets bypass probate, others require it to ensure proper distribution. Understanding which assets go through probate can help families prepare for the process. Real...
Organizing your important documents is more than just a practical task—it is a way to honor your life’s work and ensure that your loved ones can easily manage your legacy. Knowing how to organize your files can provide peace of mind for both you and your family. Start...