Estate planning is integral to ensuring a secure future for your loved ones. One critical component of this process involves the handling of real estate assets. Whether it's a family home, rental property or land, real estate often forms a significant part of an...
For most business owners, running a business is a full-time job. If you are a business owner, chances are that you are also the heart and soul of your business. However, while being busy with your job is okay, that should not keep you from planning for the future. An...
As new parents, your focus is naturally on the present needs of your growing family. However, it's equally crucial to plan for the future. One important step is creating an estate plan. It's never too early to start estate planning, but you must ensure you have at...
There are two different ways to address updating an estate plan. First and foremost, people will do it on a set schedule. For instance, maybe you will take a look at your plan every three years to see what needs to be changed. It is important to understand that you...
You may have heard this estate planning component referred to as a living trust, inter vivos trust or revocable trust, but they all mean the same thing. A revocable living trust is powerful because you can modify or revoke it for any reason and at any time. You can...
Logically speaking, it certainly makes sense for everyone to have an estate plan. There will come a time when your family needs documentation relating to the end of your life. This is an inevitability for everyone, and planning in advance can help things go smoothly....
Most tech-savvy professionals in California do almost everything online. They pay their bills, do their banking and conduct business electronically. Naturally, the first options they consider for storing an estate plan are online drives, dropboxes and cloud storage...
Physical property and financial accounts are often among someone's most valuable assets. The home where they live could represent multiple decades of household income, and their bank accounts may contain the majority of their financial resources. Addressing someone's...
What is a Totten trust? It is a savings account created and funded by someone who makes themselves the trustee for a beneficiary. After the creator dies, whatever funds remain in the account pass to the preselected beneficiary. They are also called payable-on-death...
Creating an estate plan is the responsible thing to do. It helps protect your family when you pass away. There is a lot to consider and think about when creating this plan. You may not realize all the assets you have until you start itemizing them. With so much to...
