Nobody knows when their last day on this earth will be. For that reason, planning ahead of the inevitable is essential. You may feel like you do not have a need for a will, but even if you have few assets, a will can be incredibly beneficial. There is a range of...
Having an estate plan in place is a prudent way to ensure your family is well cared-for in the event of unforeseen circumstances. Whether you already have an estate plan or you are putting it off until later in life, becoming a grandparent presents a perfect...
Taxes are one of those things that will still come after you, even after you die. When transferring assets from your estate to heirs, the government may issue a tax. Typically, estate taxes only occur for larger estates, but if it is a concern because of your net...
A trust is a handy tool to use as you create your estate plan. It can allow you to do many things with your assets and can even serve to protect your assets. However, you will have to choose the right type of trust. A revocable trust is fluid. You can make changes to...
Many who live in California have some type of estate plan or will in place to cover their assets when they die. This can determine who takes care of any minor children they have, who gets their retirement funds or what happens to the family pets. The opposite side of...
If you have not yet prepared your estate planning documents, resolve not to put this responsibility off any longer. Organizing your thoughts in advance helps smooth the way. Here are five common estate planning mistakes and how you can avoid them. 1. Failing to plan...
The topic of wills and estate planning is not an easy one for many people, and so they may find themselves putting it off as the years go by. However, failing to have such a plan in place may leave their families with miles of legal red tape. According to the American...
When thinking about estate planning, you may begin to wonder about how your mental health affects your estate. All of the time and effort spent on the financial future of your descendants is important. However, there are some obstacles that you must consider if you or...
When you sit down and account for your long years of hard work, you may find yourself dividing more than just money and physical assets. You might be a creator who has enriched the world with music, stories or other helpful designs. These intangible assets have the...
Planning out your later years is what the majority of estate planning focuses on. This includes powers of attorney, medical arrangements and trusts to help protect your assets after your death. However, trusts that help pay for your death are useful as well. Having...