The problem of locating a recently deceased loved one's estate planning documents is a significant issue for many beneficiaries in California. Some people report spending many years locating all of a decedent's various investments and assets. This is why some...
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Year: 2015
Organization is important in estate planning in California
Organization is an essential skill in many aspects of life, such as work and school. However, it is also important in estate planning in California. Keeping estate planning documents in order and in a safe place will be important for the administration of one's...
Estate planning rule helps married couples avoid tax liabilities
A common concern for those looking to plan for estate administration is tax liability. Usually people prefer estate planning strategies that minimize tax liability in order to leave the maximum amount of assets to intended beneficiaries. Therefore, it is best to...
Probate concepts can be intimidating for many in California
Those who may be just beginning to think about their estate planning needs may be overwhelmed with all of the technicalities involved. For example, one of the first terms that a person often hears when researching how to plan an estate is "probate," and many find the...
Spouses need to communicate during estate planning in California
Often, married couples designate one spouse to manage and take care of the family's expenses. This generally includes managing a family's estate planning needs in California. Once an estate plan is put in place, though, it doesn't necessarily mean that person's job is...
Married couples affected by new trust administration laws
When couples marry, they are usually not concerned with financial matters at first. On the other hand, with their change from single to married status comes some potential tax advantages in California. However, tax advantages do not only apply while the married couple...
Desires of intended beneficiaries is important in estate planning
Communication is important for any area in life. It is particularly important when it comes to estate planning in California. Failure to communicate with family members and intended beneficiaries can result in future problems. One common mistake is when people decide...
Estate planning can help avoid taxes on life insurance benefits
When playing sports, it is important to understand the rules to the game in order to win. The same is true for estate planning in California. It is essential to understand the relevant rules and regulations when planning an estate. All legal documents of an estate...
Lengthy probate process ensues after death of photographer
Artistic endeavors are not generally thought of as big money makers in California. On the other hand, in rare instances, some artists become highly recognized in their field, causing the prices of their pieces to be valued at high price points. However, if the artist...
Life changes may require estate planning update in California
Life is constantly in flux and is always changing. Therefore, people are always adjusting and adapting to their particular situations in California. This also means one's estate planning strategy may require changing and adjusting occasionally in order to adapt to...