While discussing estate plans with parents may be uncomfortable, doing so could help avoid significant problems in a California probate court. Older parents might not have the most comprehensive estate plans, and aging adults facing health issues could pass away....
There is more to estate planning than writing your will. Another document that many residents of California include as part of their estate plan is the advance directive. Whether you are young or old, having an advance directive is highly recommended. You have control...
If you decide to get remarried in California, you may obtain an extended family quickly. In this situation, examining your estate planning and determining if it's appropriate and follows your current wishes is essential. Sometimes, individuals get remarried and make...
Planning for the future can be difficult, especially when it involves finances and property. Estate planning is important in ensuring that all of your California assets are cared for. But, if you don't put in the effort to do it correctly, you could end up making a...
People in California often become confused between a living trust and a will. Understanding the differences is vital to creating an estate plan. Will definition This legal document describes how you want your assets divided after your death. You must name an executor...
There are many estate planning terms that you hear thrown around, and it can be confusing to figure out what they mean at times. Before you purchase a piece of property to live in, or even after you've been in your own house for a while, you might consider having a...
California residents should consider various financial planning stages depending on their age. In their 20s and 30s, individuals prioritize paying off college debts and establishing a stable household. The accumulation of wealth typically occurs during a person's 40s...
In California, creating a will can detail your wishes and provide instructions on how you would like your assets distributed after you pass away. The information in this document can secure your loved ones’ future, but it can also cause legal disputes, confusion, and...
One of the most popular misconceptions about trusts is that they’re inexpensive to manage, especially once the settlor dies. If you stand to benefit from a trust in San Diego, you should educate yourself about the “hidden” costs of settling the trust after the settlor...
The birth or adoption of a child is a joyous occasion. It is also a time to create, review, or update your estate plan so that your child is provided for after your death. Name a guardian in a will Even if money is tight right now, you need to name a guardian for your...