Estate planning might not be the first thing on your mind amidst a booming business and growing personal wealth, but it’s a valuable step to ensure that you protect your assets and secure your family’s future. If you have seen an increase in your wealth, there are...
Year: 2024
Do I need an estate plan if I do not have kids?
Planning for the future is important, even if you do not have children. While you may first associate estate planning with passing on assets to your kids, there are other reasons to consider creating a plan. An estate plan can provide peace of mind and clarity for you...
What to consider when choosing a guardian for your children
When planning for the future, one of the most important decisions for parents involves choosing a guardian for their children. This decision ensures that, in the event of the parents' untimely demise, their children will receive proper care and guidance. In...
Reasons a will does not trump beneficiary designations
Your last will and testament describes who should receive your property after you die. However, your will may not cover every single asset you own. You may direct a particular account or financial plan to go to someone, only for another individual to claim it. This...
Going over the benefits of special needs trusts
A special needs trust is a valuable tool that can provide security for families who have a loved one with special needs. When a family member develops special needs, it is important to plan for their long-term care and financial well-being. In fact, these trusts offer...
Should you update your estate plan after starting a business?
Starting a new business in California marks a significant milestone in someone's life. It represents not just a financial investment but also the culmination of dreams, hard work and a vision for the future. However, amid the excitement and challenges of...
How can you avoid a contested will?
Your last will and testament ensures your heirs receive assets according to your wishes. However, some heirs may experience dissatisfaction with the outcome of your estate planning. This can lead to a contested will. Contested wills can add unnecessary stress and...
4 estate planning considerations for children with disabilities
Parents want a secure future for their children. When these children have disabilities, estate planning can become even more important. For example, adult children with disabilities may need financial support for their entire lives. In California, parents should keep...
Events in a young person’s life that require a new estate plan
For young people, certain life events can serve as wake-up calls. Such events may prompt them to consider creating or updating their estate plans. These are some common scenarios that might lead a young adult to take action in planning their estate. Heading off to...
Can a named guardian refuse responsibility?
When you designate a guardian in your will for your minor children or dependents, it is an important decision. However, circumstances may arise where the named guardian is unable or unwilling to assume the responsibility. As a parent, you must anticipate this...