Anecdotes of heirs misusing or completely blowing their inheritance are sadly not that difficult to find, and the implications of these stories can be especially troubling for people in California who are considering what to leave behind. However, this does not always...
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Year: 2015
California estate planning re securing assets for inheritance
Being able to tell what will happen in the future is a fictitious skill typically reserved for wizards, fortune tellers and the like in movies and storybooks. In real life, it is impossible to know what will happen from one day to the next. This means, of course,...
Many Americans have not done necessary estate planning
It is impossible to know what will happen in the future. At any time, it could be a person's time to go. This is why it is important to make sure to implement a proper estate plan in California. However, it turns out that a surprising number of people have not done...
Revising wills and trusts may be the best New Year’s resolution
New Year's resolutions are likely on the minds of many California residents at this time of the year. While losing weight and spending less may first come to mind, this may be the ideal time to resolve to revisit estate plans for wills and trusts. A lot of changes can...
The estate planning issues of others may provide valuable lessons
California residents who are not quite convinced of the importance of estate planning may be interested in a lengthy legal battle involving a family in another state. It took as many as 11 different legal actions to ultimately resolve the issues of a couple after 15...
Beneficiary designations can keep assets out of probate process
Estate planning is as complicated as it is important. Some California residents may not realize that the best practice for effective estate planning requires the building of an integrated team of advisers that are appropriately skilled. It is often believed that...
Estate planning for single people without children
Having children often triggers many important life changes and decisions. Many in California, for example, are motivated to go through the estate planning process in order to ensure that their children are provided for if they become unable to do so. However,...
Emotions can cause problems during business estate planning
Emotions are natural for all human beings. However, emotions can also cloud one's judgment when making important decisions. This can be a problem when it comes to estate planning for California business owners. Therefore, it is best to keep one's emotions in check...
Can probate be avoided after a loved one’s death in California?
After the loss of a loved one, it is only natural to feel nervous about matters related to the decedent's estate and transferring property under the California Probate Code. It may be advisable to gain the necessary knowledge about probate procedures and whether it...
A trust can be used to care for a pet in California
There are many things to think about when designing an estate plan. Much of the focus in estate planning will be on making sure intended beneficiaries are taken care of in California. This may involve creating a trust for one's heirs. However, many times people will...