When it comes to estate planning, many people consider a revocable living trust to be a valuable tool. This type of trust helps people manage their assets during their lifetime. It also helps facilitate the seamless transfer of those assets upon their passing. This...
Managing an estate plan is complex for the trustee or executor in charge. In fact, many beneficiaries consider taking legal action against the manager for various circumstances. Understanding when a beneficiary can file a lawsuit can help those who manage the estate....
In the complex journey of life, one important aspect often overlooked until it really matters is the role of an executor. An executor, the person responsible for carrying out the wishes stated in a will, helps make sure things go smoothly when someone dies. A...
As parents age, the need to protect them from potential scams becomes increasingly important. Estate planning scams, in particular, have become more prevalent over the years. Talking to them about the tactics scammers use can help them learn about how they should...
The thought of your heirs carelessly spending their inheritance is a concern many share. As you look ahead, you have the power to influence the management of your wealth once it passes on to your loved ones. Deseret News reported that nearly 70% of people who receive...
CNBC reported in 2022 that only 33% of adults in the U.S. have an estate plan. For many people, the starting point for an estate plan is a will, but is it the right choice? Estate planning involves making significant decisions, and one of the most common choices is...
Divorce is a life-changing event. Following a split from your spouse, you must update legal documents to reflect your new circumstances. One such document that requires your immediate attention is your will. You want to ensure that it still accurately reflects your...
From a business turning into an overnight success or receiving an unexpected inheritance, sudden wealth can be a life-altering experience. It also brings a host of new responsibilities and considerations. To preserve your newfound prosperity and pass it on...
Choosing beneficiaries is an important aspect of estate planning since it shapes the destiny of your assets after your death. This decision demands careful consideration and a forward-thinking approach. Slowing down and thinking carefully about who you want as your...
Trusts provide for the distribution of your assets according to your wishes after you die. Establishing this estate planning tool may also provide tax advantages. You can choose from many common types of trusts used for estate planning in California. Revocable living...