The most basic reason that you need an estate plan is that you own assets -- which make up your estate. You probably want to pass those assets to your heirs, whether those are people related to you, friends, partners, or even a beloved charity. Without an estate plan,...
San Jose Law Blog
How to select the ideal trustee
If you found it challenging to select an executor to administer your estate, then you may find it equally challenging to identify someone as a trustee to manage any trust you set up. There are, however, specific attributes that you should look for in any prospective...
Digital planning should be a topic of discussion with your attorney
Estate planning in an age where everything is digital is a unique kind of challenge. While you may have quick access to reports about your finances or easy access to images or receipts, it can still be tricky to make sure everything is just right in your estate plan....
What happens to child support if the paying parent dies?
What happens to child support if the paying parent dies? If your ex-spouse or partner is paying child support, you expect that support to continue until your child reaches adulthood. But what happens if your co-parent passes away? If they had an estate plan in place...
Why you need to update your estate plan regularly
Many people assume that estate planning only involves drafting a will. It's far more involved than that. Health care directives, powers of attorney and asset protection planning all form part of this process. How common is it for individuals to update their estate...
Thinking about using a trust in your estate plans? Here are 4 options
San Jose, CA, residents with substantial assets often feel concerned about passing wealth to their children upon death. Too many restrictions can cause hardships for both adult and minor kids. Too few restrictions can lead to unchecked spending until the inherited...
Do you need a gun trust?
Do you have a gun collection? Maybe you’re a hunter and you have weapons you’ve used for sport, or maybe you just happen to have a few firearms that are considered family heirlooms. Either way, your estate plans may be missing the mark if you don’t have a gun trust in...
What are irrevocable and revocable trusts?
Many people know that creating trusts can benefit their estate plan. This is a way that you can transfer assets to your loved ones without having to involve the probate courts after you pass away. There are many different types of trusts that you can establish. All of...
Don’t make these massive estate planning mistakes
You’ve worked hard for your money and your lifestyle. When you travel, take luxury vacations or buy the newest tech, you don’t think about how “lucky” you are. Luck had nothing to do with it. You put in the work and you’ve reaped the rewards. You want to pass those...
3 different ways to handle your home in your estate plan
If you are like many Americans, your home is your most valuable piece of property. It could be one of the main assets that you leave behind when you die. Whether you want to leave your home to one specific person or hope that your heirs will split the value of the...